Hope jobs data will convince others on Fed to cut rates It's hard to quantify impact of AI on the economyUnemployment rate rising because monetary policy is too tightFed should get to neutral rate quicklyI don't see an inflation problemConcerned by higher cost of living but Fed policy needs to look aheadInterested in moving Fed balance sheet more to Treasury billsIt shouldn't be surprising to see Miran continuing to call for large rate cuts given that he was put there by Trump for that reason. Markets have been rightly ignoring him, so his comments never really matter. This article was written by Giuseppe Dellamotta at investinglive.com.

NVIDIA Technical Analysis with tradeCompass for Today(25 November 2025)NVIDIA Pre-Market OverviewNVIDIA enters today’s session under renewed pressure. The stock is trading at $175.83 in the pre-market, 3.68 percent below yesterday’s close. Despite being up roughly 30 percent year to date, the stock has been in a clear post-earnings downtrend. After moving sharply higher in after-hours trading following its results, NVIDIA reversed lower without any direct negative news. The turn appears to have been driven by heavy profit-taking from large holders who used the post-earnings spike as an exit opportunity.Fresh competitive pressure has added to the bearish tone. Google unveiled a new push into advanced AI chips, expanding its footprint in an area long dominated by NVIDIA. Investors reacted cautiously, interpreting the move as another sign that major cloud players are accelerating their in-house chip strategies. While the long-term implications remain to be seen, short-term sentiment has clearly weakened.tradeCompass does not forecast long-term outcomes. It identifies key intraday and medium-term thresholds that help traders decide when conditions flip from bearish to bullish and where partial profits and stop adjustments make sense. Long-term investors can also use these levels to judge whether persistent bearish activations warrant reducing exposure or hedging their holdings.tradeCompass Thresholds for NVIDIA TodayBearish below $177.50. Bullish above $181.00.NVIDIA remains below its bearish threshold. Until price clears $181.00 with sustained strength, the bearish side remains dominant. The gap between bearish and bullish thresholds reflects the medium-term structure of the stock within the tradeCompass system.Bearish Trade Plan for NVIDIA(Active while price stays below $177.50)If traders wait for a retracement near $176.75 before initiating a short, these are the relevant partial profit levels:$174.36 An early mitigation target. Risk reduction without yet moving the stop for swing traders.$171.27 Above important levels from early September. A zone where short covering often appears, creating brief buying pressure.$170.29 Closely aligned with the previous target. The entire $169 to $170 band can generate temporary reversals. If the stop has not yet been moved to entry, this is the area to do so.$165.70 Near the September low and just above the value area low from September 8. A logical scale-out for medium-term traders.$163.79 A deeper target within a lower liquidity cluster.$159.40 A distant bearish objective suitable for a runner if a broader breakdown develops.tradeCompass is not predicting that all targets will be hit. These levels simply define where traders can lock in partial gains or protect the remainder of the position.Bullish Trade Plan for NVIDIA(Active only if price climbs and holds above $181.00)$180.49 Initial upside target aligned with the November 20 point of control.$181.69 Second target, in line with the value area high from November 21.$182.92 A higher target within the next liquidity band.$187.42 A distant upside extension for stronger bullish follow-through.$192.35 Final tradeCompass target for this bullish map, sitting just below the November 22 value area high.These levels do not imply that price will reach them today, this week, or ever. They provide structure. The tradeCompass stops at these levels because its methodology is not about predicting extremes but about identifying the zones that matter for risk-managed trading.NVIDIA Market ContextNVIDIA has remained heavy since its earnings reversal, with each upward attempt failing to build momentum. Broader AI-equity sentiment cooled, and Google’s move into NVIDIA’s turf added another layer of uncertainty. Until the stock can reclaim the bullish threshold, traders should expect continued volatility within a bearish framework. tradeCompass transforms this volatility into structured decision points rather than emotionally driven reactions.Educational InsightA recurring theme in tradeCompass is that a trade becomes profitable or unprofitable depending on how risk is managed after entry. Partial profits and moving the stop to the entry are not add-ons. They are the method. Without them, large unrealized gains can quickly turn to losses if the market snaps back. The NVIDIA targets listed above reflect this discipline. You scale out where the market typically reacts and secure the remainder so you cannot be washed out if momentum flips.Trade Management GuidanceOne trade per direction per tradeCompass plan. Move your stop to entry after hitting the second profit target unless specified otherwise. Never place your stop beyond the opposite threshold because that invalidates the trade idea.Final NoteThis is decision-support content, not financial advice. Always size your positions responsibly and trade with discipline. For more analysis, visit investingLive.com. Join our Telegram channel for possible updates, trade ideas and trading and investing education gems. This article was written by Itai Levitan at investinglive.com.

ABC reports that Ukrainian delegation has agreed with the US on terms of potential peace deal. A US official told ABC news that "the Ukrainians have agreed to a peace deal though there are still details to be sorted out".It seems like we are finally getting to the end of this, and expectations remain positive. This could also translate to better risk sentiment as lower oil prices would help with inflation. This article was written by Giuseppe Dellamotta at investinglive.com.

ECB's Makhlouf: Inflation is in good place, but risks remainHeads up: UK Autumn Budget will be in focus tomorrowEuropean indices open little changed to start the dayFrance November consumer confidence 89 vs 90 expectedWhat are the main events for today?Eurostoxx futures -0.2% in early European tradingGermany Q3 final GDP 0.0% vs 0.0% q/q prelimFX option expiries for 25 November 10am New York cutMild dollar buying the signal for this month-end - Credit AgricoleMajor currencies keep little changed ahead of European morning tradeGold nudges up to start the week but price holds within technical pennantIt's been a snoozefest today as the lack of economic data and limited newsflow kept the price action rangebound. We got a couple of low tier releases that didn't change anything and we heard the same old comments from ECB's Makhlouf reaffirming the ECB neutral stance. In the markets, it's been pretty boring with very little changes across various asset classes. US equities remain supported amid higher December rate cut odds. The US dollar is slightly stronger. US Treasuries are mostly flat on the day. Gold came under some pressure early in the session, but eventually erased all the losses. Lastly, bitcoin continues the slow recovery from Friday lows.In the American session, we have a slate of US data although there's only one that will likely matter for the market. In fact, the most important release should be the weekly US ADP jobs data which will include the first week of November. The prior two releases were still for October, so this release could be more important for the market. Tomorrow, we will also get the most recent US Jobless Claims.We have also the US Consumer Confidence today but the market hasn't been moving on this release for a long time as the focus has been (and still remains) on the labour market.Lastly, we have the September US Retail Sales and PPI reports today. It goes without saying that this is old data by now and it won't change anything for the Fed, so it shouldn't really matter. The market is now pricing a 70% chance of a December cut and it certainly won't change based on September data. Therefore, I expect the market to largely ignore these two releases. This article was written by Giuseppe Dellamotta at investinglive.com.

Fundamental OverviewThe USD regained some ground in the past days but the momentum stalled as December rate cut odds jumped following Fed’s Williams dovish comments.As of now, the December rate cut odds stand around 70% but we won’t get much data before the FOMC meeting, so the focus will likely be mainly on jobless claims and ADP data. Weak data should keep weighing on the greenback, while strong data could provide some short-term support.On the AUD side, all the economic data came out on the hawkish side with big upside surprises in both the inflation and employment reports. The RBA is now comfortably on the sidelines with the market not seeing a rate cut in 2026 anymore. Tomorrow, we have the Australian monthly CPI data but it’s unlikely to change anything for the RBA as the central bank has already mentioned many times that monthly data is more volatile and they focus more on the quarterly reports. AUDUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that AUDUSD probed below the October lows on Friday but eventually bounced back following Fed’s Williams rate cut endorsement. The buyers will likely continue to step in around these levels targeting a rally into the 0.6520 resistance next. The sellers, on the other hand, will want to see the price breaking lower to increase the bearish bets into the 0.6350 support. AUDUSD Technical Analysis – 4 hour TimeframeOn the 4 hour chart, we can see that we have a downward trendline defining the bearish momentum. The sellers will likely lean on the trendline with a defined risk above it to position for a drop into new lows, while the buyers will look for a break higher to increase the bullish bets into the 0.6520 level next.AUDUSD Technical Analysis – 1 hour TimeframeOn the 1 hour chart, there’s not much we can add here as the sellers will look for a rejection, while the buyers will target a breakout. The red lines define the average daily range for today. Upcoming CatalystsToday we get the weekly ADP jobs data and the US Consumer Confidence report. We will also get the September US PPI and Retail Sales reports. Tomorrow, we have the Australian monthly CPI data and the most recent US Jobless Claims figures. On Thursday, we have the US Thanksgiving holiday which is likely to make the final part of the week more rangebound. This article was written by Giuseppe Dellamotta at investinglive.com.

Bitcoin Futures Analysis with tradeCompass for Today(25 November 2025)Recent Bitcoin Market DriversBitcoin spent the last week under heavy pressure and Deutsche Bank outlined five forces behind the cryptocurrency’s worst weekly decline since February. The mix included reduced liquidity, unwinding of crowded long positions, miner selling, ETF outflows, and a rotation into other risk assets. At the same time, sentiment briefly improved after markets revived hopes for a future Fed rate cut, helping Bitcoin stabilize from the lows. Even so, the broader trend remains weak and rebounds continue to struggle for follow through.These news items reinforce the current environment where Bitcoin is attempting to recover from deep losses but has not yet escaped its broader bearish tone.Bitcoin Market Snapshot(prices for Bitcoin futures) Price at time of analysis: $87,715 Week to date: minus 5 percent Month to date: minus 20 percentBitcoin is still in a very bearish phase. Many are asking whether the recent low at $80,750 marked a durable dip. It is too early to say. For now, tradeCompass focuses on intraday thresholds and actionable levels that allow both day traders and swing traders to plan entries and manage risk with discipline.tradeCompass Thresholds for Bitcoin TodayBearish below $88,000. Bullish above $88,550.Bitcoin futures are trading just under the bearish threshold. That does not automatically mean short entries must be taken at the exact moment of reading this analysis. tradeCompass is a navigational map. It gives structured orientation, not a mechanical trigger. Traders may prefer to observe how price behaves in the next one to three hours. Bitcoin could rally toward $88,300 before rolling over again. In that case, the short would activate only once price crosses down through $88,000 with momentum. Others may want a cleaner dip to $87,900 before considering a short.The bullish side only activates if price sustainably clears $88,550 and holds.One of the strengths of tradeCompass is its ability to help traders neutralize their bias. If price flips above the bullish threshold and you are still short, the methodology itself reminds you to reassess, reduce exposure, or take partial profits depending on your entry point and broader context.Bearish Trade Plan for Bitcoin(Active only while price stays below $88,000)$87,450 Early liquidity pocket from today and yesterday. Suitable for quick risk reduction.$86,980 A key decision level where bearish traders would move the stop of the remainder of the position back to entry.$86,560 Sits above the November 20 value area low and often acts as a reaction zone.$84,670 Aligned with an important level from November 21. Clean scale out level.$83,140 Deep target that aligns with a lower liquidity cluster.Some traders also keep in mind that Bitcoin has a plausible longer term scenario toward $70,000 if market conditions deteriorate significantly. This scenario is not part of today’s tradeCompass map but discretionary traders may choose to leave a runner below the most distant profit target.Bullish Trade Plan for Bitcoin(Active only if price climbs and holds above $88,550)$88,900 First upside target, lying beneath the November 19 value area low.$89,500 Upon reaching this level, bullish traders would move the stop to the entry.$89,950 Another magnet within a familiar liquidity zone.$90,700 A higher resistance band often tested when bullish sentiment firm up.$91,250 Final target for this bullish map. Traders would then wait for a new tradeCompass signal beyond this horizon.Bitcoin Market ContextBitcoin remains in a corrective phase after a steep multi week decline. Price has been building short term support near the mid $80,000 region but has yet to reclaim key upside levels needed to shift the broader bias. Until either threshold is decisively breached, expect a choppy environment with sharp intraday swings. tradeCompass thresholds provide a bias filter and a structured set of levels to help navigate these swings with clearer decision points.Educational InsightThe tradeCompass methodology places strong emphasis on partial profits and stop movement. Securing gains and then moving the stop to the entry protects the remainder of the position from normal volatility. This is especially important for instruments like Bitcoin that can move one to two percent in minutes. Today’s bearish and bullish plans both specify exactly where to move the stop because the right timing of that action often defines whether a trade ends green, flat, or negative.Trade Management GuidanceUse one trade per direction as defined by tradeCompass. Move your stop to entry after reaching the second target. Do not place your stop beyond the opposite threshold since that invalidates the idea.The real dip for Bitcoin could be near 70k (but traders can also target to buy temporary dips till then... if they know to play defence)When you look at charts that show a possible major buy the dip around 70k, remember that the market may also offer earlier, temporary dips that are tradable. We sometimes build buyTheDip plans for levels above the deeper dip scenario, such as 78k, because two things can happen. Either Bitcoin reaches that temporary level and gives a short rebound, or that level becomes the true reversal point and never reaches the deeper zone. Both scenarios are valid. What makes the tactic safe is not predicting which one will be the final low, but managing the risk correctly once price reacts.This is why moving the stop to the entry and taking partial profits are not optional. They are the core of the buyTheDip method. If a temporary rebound appears, the partial exit locks in early gains and the stop at entry neutralizes any further downside risk. If the rebound fails, you exit flat rather than carrying a losing position. Without this discipline, traders often hold losing dips, justify them emotionally, refuse to take the loss, and end up with larger drawdowns or even liquidation. Our approach prevents that cycle.By always protecting the trade once the first target is hit, we can attempt more than one buy the dip without exposing ourselves to compounding losses. It is not an all-or-nothing bet. It is a structured sequence of attempts with controlled risk and predefined exits. That is what keeps the strategy sustainable and psychologically manageable through volatile phases.For more education, real time examples, and updated buyTheDip plans, you can join the InvestingLive Stocks and Crypto Telegram channel: https://t.me/InvestingLivestocksRemember crypto traders and investors: This is decision support, not investment advice. Always manage risk carefully and size your positions appropriately. For additional crypto and futures insights, visit investingLive.com. This article was written by Itai Levitan at investinglive.com.

I'm a bit worried about services and food inflationMakhlouf has recently said that policy is in good place, which has been the core message from the central bank for months. They are not going to respond to small or short-term deviations from their 2% target. This article was written by Giuseppe Dellamotta at investinglive.com.

The Budget statement typically begins around 1230 GMT, following the end of PMQs. There will be a lot of moving parts to scrutinise but the key narrative is that UK Chancellor Reeves has a very, very tough balancing act to manage. Not only does she need to plug the £20 billion hole in public finances, she needs to reaffirm investors of her fiscal responsibility while having to keep Labour's pledge on not raising taxes on the working class as well as keeping government spending under control. And all this while already coming under intense political pressure and scrutiny over the last few months.For some context, public sector net debt in the UK now sits at 95.3% of GDP as of September - the highest in over six decades. Meanwhile, government borrowing ballooned up to £20.2 billion and that brings total borrowing in the first six months of the financial year to £99.8 billion. That is some £7.2 billion more than what the OBR had forecasted and is the second-highest total for the period since monthly records began in 1993, only seen behind that of 2020.Given Labour's manifesto commitment of not wanting to raise income taxes, Reeves will be limited in her scope to try and cover the gap. She might go down the route of introducing a "stealth income tax" i.e. freezing thresholds for a certain period of time, but that will still be rather unpopular I would presume. So, there's definitely political risk/uncertainty in choosing this route.As such, the only tax hikes we might see are ones on businesses, investments, and assets. However, that will likely draw flak from financial circles and weigh on the UK business/investment outlook. That's a net negative as well but less politically harmful to herself and Starmer.And come what may at the end of the day, it's all about whether investors and traders deem her measures to be enough to get UK public finances back on track. If not, the bond vigilantes are going to have another field day and rising gilt yields will again be a concern not just to confidence in the UK economy but the currency as well.I dived a bit into that earlier in the day here.At the same time, the perception of tighter fiscal policy i.e. tax hikes could also pressure the BOE into cutting rates at a quicker pace. So, there's that to consider and balance out in the medium-term.All in all, there's going to be plenty of moving parts here and we can only digest and make sense of it all after the fact. So, keep your eyes and ears peeled for the main event tomorrow. This article was written by Justin Low at investinglive.com.

Tickmill’s newly appointed Regional Manager for Latin America (LATAM), Brunno Huertas, will be a guest speaker at Finance Magnates London Summit, on November 26 (FMLS:25). Huertas has overseen Tickmill’s expansion strategy across Spanish- and Portuguese-speaking markets. With over 15 years of experience in Forex and derivatives, he has localised expertise developing strong client relationships and Introducing Broker (IB) networks throughout Latin America. At FMLS:25, Huertas will join the panel discussion ‘Educators, IBs and Regional Growth Drivers’, providing insights into building long-term, resilient relationships based on trust and transparency. He will also share learnings from Tickmill’s expansion and strategic efforts in Latin America. Bruno Huertas, Regional Manager (LATAM), commented:“Latin America is a market with unique challenges and enormous potential. Building success here requires strong IB networks, genuine relationships with clients, and a trusted brand presence. Education supports these efforts, but partnerships and client engagement remain the true growth drivers.” Tickmill’s LATAM expansionTickmill is building greater awareness in Latin America and has recently strengthened its footprint with a growing client base. Huertas played a key role in driving visibility and trust, particularly through partnerships and IB relationships, before stepping into his broader role overseeing all activity in the region this year. LATAM remains a strategic focus for the group, with Huertas leading efforts to scale presence in markets including Argentina, Mexico, Colombia, and ChileThe Finance Magnates London Summit 2025 will bring together senior executives, brokers, fintech leaders, and educators to discuss market trends, technology, regulation, and regional growth opportunities. Participation in FMLS:25 reinforces Tickmill’s commitment to knowledge sharing and fostering dialogue on the future of trading industry.About Brunno HuertasHuertas, with more than 15 years in the global brokerage sector, holds an MBA in Banking and Financial Institutions from FGV-SP. He brings deep expertise in client engagement, community building, and business growth, having supported several international brokers. At Tickmill, he successfully expanded operations in the Portuguese-speaking market and now oversees the company’s strategic development across Latin America. About TickmillTickmill has established itself as a leading provider of online trading services on a global scale since its inception in 2014. With regulation from leading regulatory authorities, including the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA) in Seychelles, and recognition from the Dubai Financial Services Authority (DFSA) as a Representative Office, Tickmill prioritises the safety of client funds while upholding the highest standards of transparency and integrity. Composed of seasoned traders with decades of collective experience dating back to the 1980s, the Tickmill team brings a wealth of expertise to the table, having navigated various major financial markets from Asia to North America. For more information about Tickmill and its services, visit www.tickmill.com. This article was written by IL Contributors at investinglive.com.

Fundamental OverviewThe USD regained some ground in the past days but the momentum stalled as December rate cut odds jumped following Fed’s Williams dovish comments.As of now, the December rate cut odds stand around 70% but we won’t get much data before the FOMC meeting, so the focus will likely be mainly on jobless claims and ADP data. Weak data should keep weighing on the greenback, while strong data could provide some short-term support.On the NZD side, the RBNZ is expected to cut by 25 bps bringing the OCR to 2.25%. This will lower interest rates below the central bank’s estimated neutral range (2.5%-3.5%) and therefore is expected to be stimulative. The market is pricing good chances of another cut in 2026 but if the RBNZ signals the end of the easing cycle, it could be taken as more hawkish and therefore support the New Zealand dollar, especially considering how much it has weakened in the past months. NZDUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that the NZDUSD has been on a strong downtrend for a couple of months. We have a major trendline defining this downward momentum. If we get a pullback, we can expect the sellers to lean on the trendline with a defined risk above it to position for a drop into the April lows. The buyers, on the other hand, will want to see the price breaking higher to increase the bullish bets into the 0.5850 level next.NZDUSD Technical Analysis – 4 hour TimeframeOn the 4 hour chart, we can see that we have a key resistance around the 0.5635 level. If the price gets there, we can expect the sellers to step in with a defined risk above the resistance to position for a drop into new lows. The buyers, on the other hand, will look for a break higher to extend the rally into the trendline.NZDUSD Technical Analysis – 1 hour TimeframeOn the 1 hour chart, we can see that we have a minor upward trendline defining the recent pullback. We can expect the buyers to step in around the trendline to keep pushing into new highs, while the sellers will look for a break lower to increase the bearish bets into new lows. The red lines define the average daily range for today. Upcoming CatalystsToday we get the weekly ADP jobs data and the US Consumer Confidence report. We will also get the September US PPI and Retail Sales reports. Tomorrow, we have the RBNZ rate decision and will also get the most recent US Jobless Claims figures. On Thursday, we have the US Thanksgiving holiday which is likely to make the final part of the week more rangebound. This article was written by Giuseppe Dellamotta at investinglive.com.

Russia and China are exploring options to expand Russian oil shipments to the Chinese market, Deputy Prime Minister Alexander Novak said at a Sino-Russian business forum in Beijing. China and India have become Russia’s dominant energy customers since the Ukraine war began, with China currently taking around 1.4 million barrels per day by sea and another 900,000 barrels per day via pipeline.The talks come as the United States imposes new sanctions on Rosneft and Lukoil, Russia’s two largest oil producers, measures Moscow has dismissed as ineffective. Despite mixed reports about future supply volumes, Russia’s overall crude exports have remained broadly stable.Novak said Moscow and Beijing are reviewing ways to increase flows, including the option of extending intergovernmental agreements that would allow Russian oil to continue moving to China through Kazakhstan for another decade, up to 2033. This article was written by Eamonn Sheridan at investinglive.com.

Chinese President Xi says to enhance energy partnership with Russia.Will ensure smooth energy supply chain with Russia.CCTV reporting. No surprises here. Neighbors China and Russia are friends due to their common distaste for the US.---Chinese President Xi Jinping on Tuesday sent a congratulatory message to the 7th China-Russia Energy Business Forum This article was written by Eamonn Sheridan at investinglive.com.

Canadian Prime Minister Mark Carney and Alberta Premier Danielle Smith are set to announce a memorandum of understanding on energy on Thursday.Likely related to a heavy oil pipeline running from Alberta to the British Columbia northwest coastReports are that and Alberta are close to concluding a wide-ranging framework on energy development, including a limited exemption to the existing ban on oil tanker traffic off British Columbia’s northwest coast.Carney and Smith are expected to sign an MOU to formalize the agreement More here:Carney and Smith to unveil energy deal in Calgary Thursday, source says This article was written by Eamonn Sheridan at investinglive.com.

Japan PM Takaichi says she spoke with Trump on a callsays it was Trump who proposed the callTrump explained recent US-China relations following his call with Chinese President XiHad wide-ranging exchange of views over Indo-Pacific situationI believe I was able to confirm close cooperation between Japan and USWell, dunno about you, but to me this looks like a whole of nothing from Takaichi. She isn't given us any real insight into what was discussed. ---Background to this is here:Takaichi, Trump to discuss Xi call as tensions rise over Taiwan, FNN reports This article was written by Eamonn Sheridan at investinglive.com.

Goldman Sachs has rolled forward its USD/CNY forecasts but kept its underlying view unchanged: the Chinese currency should gradually strengthen over the coming year. The bank now projects USD/CNY at 6.95 in three months, 6.90 in six months and 6.85 in twelve months, arguing that the renminbi remains undervalued and supported by improving macro fundamentals.Goldman says that while China’s domestic recovery is still uneven, its external picture has started to firm, with export momentum stabilising and growth expectations turning slightly more constructive. They also highlight the People’s Bank of China’s steady hand, guiding the fixing lower in a controlled, forward-consistent manner, as evidence that policymakers are comfortable with a slow, managed appreciation path.The bank adds that the fixing’s “gradual descent,” combined with better macro indicators, supports extending their appreciation call further into 2026, reinforcing the view that the CNY is likely to grind stronger rather than deliver sharp moves. ---Goldman’s call supports a modestly stronger CNY profile, implying limited upside for USD/CNY and signalling steadier policy anchoring from the PBoC — a potential stabiliser for broader Asia FX. This article was written by Eamonn Sheridan at investinglive.com.

The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%. The previous close for the pair was 7.1045.PBOC injects 302.1bn yuan at 1.40% via 7-day reverse repos:after maturities today the PBOC has net drained 105.4bn yuan This article was written by Eamonn Sheridan at investinglive.com.

Japan’s Prime Minister Sanae Takaichi is set to hold a phone call with U.S. President Donald Trump on Tuesday, according to FNN. The discussion is expected to focus on Trump’s recent conversation with China’s leader Xi Jinping.The call comes at a sensitive moment in regional diplomacy. Earlier this month, Takaichi warned that a Chinese attack on Taiwan could prompt a Japanese military response — a comment that drew attention in both Washington and Beijing. Trump is expected to brief her on the substance of his exchange with Xi, following rising tensions and heightened U.S.–China–Japan strategic coordination.---On Trump's call with Xi. This from the Wall Street Journal, in summary:Xi’s decision to call Trump, something he pointedly avoided throughout the trade war, reflects the shifting strategic landscape created by Japan’s new prime minister, Sanae Takaichi. With Tokyo preparing for a more confrontational posture toward Beijing, Xi appears to be falling back on a classic rule of Chinese political psychology: when faced with a difficult counterpart, find out who really influences their decisions. In this case, Beijing sees the United States as the ultimate power behind Japan’s security posture, making Washington the true target of persuasion.The call was therefore less about U.S.–China relations and more about shaping the boundaries of a looming Japan–China standoff. Xi is signaling that he wants clarity on how far Washington will back Takaichi’s tougher line, and Trump’s response will send a message to other world leaders watching whether the U.S. still provides firm cover for those willing to push back against Beijing. This article was written by Eamonn Sheridan at investinglive.com.

The Bank of Korea is expected to keep its policy rate unchanged at 2.50% on November 27, according to a Reuters poll in which 32 of 36 economists cited a weak currency and overheated housing market as reasons to delay easing. Economists, who previously expected a cut this month, now see the first reduction pushed into early 2026.South Korea’s stronger recent data, 1.2% GDP growth in Q3 and 2.4% inflation in October, has reinforced expectations the central bank will stay cautious after delivering 100 basis points of easing since late 2024. Most economists said the BOK will wait for clearer improvement in real estate and FX conditions.Looking further ahead, a majority expect at least one rate cut by end-March 2026, with rates seen settling around 2.25% through next year—slightly higher than October’s poll. Economists say subdued growth, a negative output gap and expected Fed easing in 2026 justify further BOK cuts once conditions stabilise. This article was written by Eamonn Sheridan at investinglive.com.

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day's trading.The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.Intervention: If the yuan's value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency's value. This article was written by Eamonn Sheridan at investinglive.com.

I posted yesterday on Goldman Sachs expecting the Federal Reserve to begin cutting interest rates in December, with several more reductions through 2026Goldman forecasts December Fed interest rate cut, then another in March, then June of 2026that would take the policy rate to just above 3%. Adding a little more:Chief economist Jan Hatzius warned the U.S. economy could lose momentum faster than anticipatedCould force the Fed to ease more aggressively if downside risks buildSeptember added a modest 119,000 jobs, but Goldman highlights rising layoffs as a sign that labour-market softness is becoming more persistentHatzius said the combination of weaker hiring and elevated layoff activity points to an underlying cooling that may limit the economy’s ability to absorb higher-for-longer rates This article was written by Eamonn Sheridan at investinglive.com.