Evening Insights: Wednesday, November 26, 2025

Current market quotes

Short outlook by currency pair

XAUUSD

Gold climbed up towards a new two-week high. Softer US data - especially weak retail sales - fuels the view of Fed-cut expectations and pushes bullion higher.

EURUSD

The pair is less supported by the current USD-tilted bearish bias. The downshift in the greenback’s strength is giving the euro some lift, but upside remains capped for now. EURUSD failed to surpass 1.16000 and test the 1.15500 zone at the moment.

USDJPY

The Bank of Japan prepares for a potential rate hike due next month, and the yen remains among the weakest majors. USDJPY has been hovering around the  155.800 - 156.600 zone and remains volatile. There is a potential for swings depending on the BoJ action.

BTCUSD

The pair is calm, but the macro could shift the mood. There is no major headline or fresh catalyst today for Bitcoin. The tone remains neutral, BTCUSD is largely consolidating at $87,000, and waiting for broader triggers. 

Market sentiment

The dominant driver now is the expectation of a December rate cut by the Fed. This underpins weakness in USD and supports gold, euro, and likely risk assets. The US Initial Jobless Claims unexpectedly declined, and Durable Goods came in stronger. Still, traders continue to anticipate a 25bps rate cut with the probability of the move above 80%.

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