Evening Insights: Wednesday, November 12, 2025

Current market quotes
| XAUUSD | 4,129.40 | +0.06% |
| EURUSD | 1.1568 | -0.22% |
| USDJPY | 154.95 | +0.53% |
| BTCUSD | 105,001 | +1.91% |
Short outlook by currency pair
XAUUSD
Gold gained from safe-haven demand amid the US shutdown. The gold bulls are back, and the metal tries to test the $4,150 resistance level. The bullish “flag” pattern is visibly seen on the XAUUSD chart.
EURUSD
If the shutdown ends and US economic data becomes stronger, EURUSD may fall further and test the 1.15300 support
USDJPY
The potential resolution of the shutdown and outlook of the Fed’s rate cuts will support the greenback. The pair is bullish at the moment, and continued USD strength and better risk sentiment could push USDJPY higher.
BTCUSD
Downside risk remains if the bullish momentum fails. BTCUSD is trying to retest the $107,000 resistance. Meanwhile, the on-chain platform CryptoQuant had stated that Binance users started withdrawing significant amounts of Bitcoin. This movement indicates a significant shift in investors’ behaviour towards bullish signs.
Market sentiment
The potential end of the shutdown is a key pivot. The current market tone is moderately positive but with latent risk. If resolved, risk assets would gain; if it surprises negatively, the latter would suffer.
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