Forex News

Top commodity losers are Oat (-9.99%), Orange Juice (-2.02%) and Coffee (-1.54%). Gains are led by Cocoa (1.56%) and Palm Oil (1.12%).

Top commodity gainers are Silver (2.05%) and Copper (1.96%). Biggest losers are Silicon (-1.18%), Steel Rebar (-0.93%), Lithium Carbonate (-0.80%) and Gold (-0.27%).

Top commodity gainers are Natural gas (5.41%), Heating Oil (2.67%), Propane (1.43%), Brent Crude Oil (0.79%) and Crude Oil WTI (0.75%). Biggest loser is Methanol (-2.08%).

Top currency losers are Brazilian Real (-2.44%) and Japanese Yen (-0.16%). Gains are led by Canadian Dollar (1.01%), Australian Dollar (0.43%) and Mexican Peso (0.35%). Meanwhile, British Pound and Dollar Index were little changed.

US stocks closed higher on Friday with the S&P 500 up 0.2%, the Nasdaq up 0.4% and the Dow up 0.2% as a light PCE print and firmer Michigan sentiment reinforced odds of a 25bp Fed cut next week, with traders pricing roughly an 87% chance of a move. Core PCE rose 0.2% in September and the annual rate eased to 2.8% while Michigan showed improving confidence and softer near-term inflation expectations. Mega caps largely drove the advance with Alphabet (+1.2%), Meta (+1.8%) and Broadcom (+2.4%) leading the gains, while Microsoft added 0.5%, Tesla edged 0.1%, Apple slipped 0.7% and Nvidia eased 0.5%. Netflix fell 2.9% after unveiling the Warner Bros Discovery deal though losses narrowed on reports of regulatory scrutiny. Tech breadth broadened as XLK notched a tenth straight session and Salesforce jumped 5.3% on strong results, leaving the S&P up 0.4% for the week, the Nasdaq 0.9% higher and the Dow at 0.5%.

Royal Bank of Canada shares increased to an all-time high of 225.27 CAD. Over the past 4 weeks, Royal Bank of Canada gained 9.73%, and in the last 12 months, it increased 26.34%.

Total US consumer credit rose by $9.18 billion in October 2025, following an upwardly revised $11.01 billion gain in September and bellow market expectations of a $10.5 billion increase. It is equivalent to an increase of 2.2% at an annual rate. Revolving credit increased at an annual rate of 4.9% or $5.41 billion, following a $4.30 billion increase in September. Nonrevolving credit which includes auto and student loans went up 1.2% or $3.77 billion, following a $6.70 billion gain in the previous month.

Gold settled around $4,210 per ounce on Friday, close to its highest levels since late October, paring an earlier rally as a string of US data reinforced the case for an imminent Fed cut. The delayed September PCE rose 0.3% month on month and 2.8% year on year while core PCE eased to 2.8% from 2.9%, a mix of sticky goods prices and cooling services inflation that points to softer underlying pressure. The preliminary Michigan survey brightened slightly to 53.3 as one-year inflation expectations slipped to 4.1% and the five-year outlook eased to 3.2%, reinforcing the view that near-term price pressures are abating. Those signals combined with ADP’s surprise 32,000 drop in private payrolls and Challenger’s 71,321 announced layoffs to push markets to price roughly an 87% chance of a 25bp cut, prompting position adjustments that lifted bullion.

The S&P/TSX Composite Index fell 0.5% to close at 31,311 on Friday, surrendering record highs and finishing a choppy week down 0.2% as investors absorbed stronger-than-expected Canadian labour data that dimmed hopes for further Bank of Canada cuts. Unemployment unexpectedly slipped to a 16-month low, though much of the job growth was part-time, underscoring a smaller pocket of slack and strengthening the case for the BoC to hold policy steady. Weakness was broad-based with Shopify falling 1.7%, Agnico Eagle down 2.5%, Imperial Oil dropped 2.7%, Suncor eased 2.1% and Cameco led decliners down 3.9%, while lenders outperformed with TD Bank adding 1.7% and BMO up 0.8% after upbeat results that had helped lift the market to a record in the prior session.

The Ibovespa crumbled 4.3% to close at 157,369 on Friday, reversing sharply from record highs after a sudden reassessment of political and funding risk overwhelmed otherwise constructive company news. Reports that Jair Bolsonaro will back his son Flávio for the 2026 race broke hopes for a moderate opposition coalition able to deliver fiscal discipline, prompting investors to demand higher compensation for Brazilian risk and sparking heavy selling. Interest-sensitive and domestically exposed names were hit hardest, with Banco do Brasil down 6.6%, Bradesco down 5.9%, B3 down 7%, Rede D’Or down 6.4% and Petrobras down 3.6%, erasing the week’s earlier gains after three straight winning sessions and turning a near record into a weekly loss as higher funding costs and political uncertainty weighed on earnings prospects.

TD Bank shares increased to an all-time high of 122.07 CAD. Over the past 4 weeks, TD Bank gained 7.5%, and in the last 12 months, it increased 66.03%.

Top crypto losers are Solana (-4.94%), Ether (-3.41%), Ripple (-3.27%) and Bitcoin (-2.98%).

Top commodity losers are Oat (-4.94%), Orange Juice (-4.18%) and Canola (-1.49%). Gains are led by Cocoa (1.54%), Palm Oil (1.12%) and Butter (0.63%).

Top commodity gainers are Silver (2.68%), Copper (2.14%) and Gold (0.18%). Biggest losers are Silicon (-1.18%), Steel Rebar (-0.93%) and Lithium Carbonate (-0.80%).

Top commodity gainers are Natural gas (6.67%), Heating Oil (3.05%), Natural Gas UK (0.96%), Brent Crude Oil (0.91%) and Crude Oil WTI (0.85%). Biggest loser is Methanol (-1.70%).

The Federal Reserve will have its final monetary policy decision of the year next week, taking the center stage for global markets. FOMC members will also update their economic projections along with the rate decision, with the federal government shutdown preventing any official data past September from being taken into account. Likewise, delayed releases will include the JOLTS up to October and Q3 employment costs. Key rate decisions will also be featured by central banks in Canada, Switzerland, Australia, Brazil, and Turkey. Meanwhile, China will post its November account and both consumer and producer inflation prints. In Europe, a busy week for the UK will be headlined by its monthly GDP and trade figures, in addition to joining Germany and Italy in posting industrial production aggregates.

The Brazilian real tumbled past 5.44 per US dollar after a rally toward May 2024 highs as a sudden shift in the 2026 electoral outlook raised perceived fiscal and policy risk at a moment when the currency’s cushion was already thin. News that Jair Bolsonaro may back Flávio Bolsonaro broke expectations that a more moderate, market friendly coalition would coalesce, prompting investors to widen Brazil’s sovereign risk premium. That political shock compounded with data pointing to slower momentum, with Q3 GDP up 1.8% year on year as the weakest expansion in over three years, setting the stage for looser borrowing conditions. At the same time, a still tight labour market and sustained real wage gains keep government revenues and household incomes relatively resilient which limits the near term fiscal hit. Elsewhere, the US dollar remained broadly subdued amid near certainty the Federal Reserve is due to cut rates next week, amplifying Brazil’s carry trade advantage.

London’s FTSE 100 gave up early gains to close down around 0.5% at 9,669 on Friday, marking its lowest level in over a week and underperforming European peers. The biggest drags came from oil & gas majors BP (-2.6%) and Shell (-1.4%) following downgrades by JPMorgan, while declines in Smiths Group (-3.5%) and Melten Energy & Metals (-2.7%) also weighed on the index. Financials faced headwinds, with Standard Chartered and Prudential each down roughly 1.6%. In contrast, personal goods shares were among the top performers, led by JD Sports Fashion (+2.8%) and Burberry Group (+1.4%). On the data front, Halifax reported that house price growth stalled in November ahead of the Budget, although the average price still edged up to a record £299,892. For the week, the index shed about 0.6%.

European stocks inched up to record a second straight week of gains, as markets continued to assess the rate outlook for next year, returns on soaring AI capital expenditure, and the likelihood of a ceasefire between Russia and Ukraine. The STOXX 50 inched up 0.1% to 5,726, a 1% gain on the week, while the STOXX 600 closed flat at 579, a 0.4% gain from last Friday. Fresh economic data from the US maintained the outlook of a Fed rate cut next week, while upward revisions on the Eurozone's labor market was consistent with the ECB's signal that rates should remain unchanged for the meantime. Auto manufacturers were firmly higher for a second session, with Mercedes Benz, Volkswagen, BMW, and Volkswagen adding between 4% and 2%. Meanwhile, companies with exposure to AI infrastructure were mixed with Schneider, ASML, and Nokia recoding losses, while Infineon extended gains. Also, both Rheinmetall and Leonardo ended the week higher on eased hopes of an agreement to end the war in Ukraine.

Goldman Sachs shares increased to an all-time high of 853.89 USD. Over the past 4 weeks, Goldman Sachs gained 8.4%, and in the last 12 months, it increased 42.4%.