Oil headed for a third weekly loss after a slew of signs pointing to an oversupply, including a forecast from the International Energy Agency for a record surplus next year. West Texas Intermediate steadied below $59 a barrel, down by more than 1% this week, while Brent closed near $63. On Thursday, the IEA again raised its estimates for a glut as OPEC+ continues to revive supplies and demand growth remains subdued. The day before, the producer group said that global crude output had topped demand in the third quarter, revising its view from a shortfall. Offsetting some of...
The EUR/USD pair moved within a narrow range during the Asian session on Friday (November 14th). The pair appeared to be consolidating after a strong rally to a more than two-week high reached the previous day. Price-wise, EUR/USD remained around 1.1635, barely changing on the day and remaining just below the key 50-day moving average, which now serves as the upper limit that must be broken. On the US dollar side, pressure remains. The greenback struggled to attract buyers and remained near a two-week low due to concerns about the economic impact of the prolonged US government shutdown....
Silver prices continued to climb on Friday, November 14, 2025, and moved within the range of USD 52-53 per troy ounce. Silver rose around 1.2% to USD 52.95 per ounce and was on track for a weekly gain of nearly 10%. This marked one of the best weeks of the year and brought prices back near the record level touched last October. This increase occurred in line with the weakening US dollar and strong investor interest in safe-haven assets following the end of the lengthy US government shutdown. In terms of sentiment, the market is still awaiting a clear direction on the Fed's interest rate...
Gold struggles to capitalize on its modest intraday gains, though the downside seems limited. Reduced bets for a December Fed rate cut act as a headwind for the non-yielding yellow metal. Economic concerns weigh on the USD and could support XAU/USD amid the risk-off impulse. Gold refreshes daily low as reduced Fed rate cut bets offset weaker USD, risk-off mood Gold (XAU/USD) attracts some sellers following an intraday move higher to levels beyond the $4,200 mark and drops to a fresh daily low during the early part of the European session on Friday. A growing number of Federal Reserve...
The US dollar strengthened again in today's session after being pressured by news of the US government reopening and expectations that delayed economic data would show weakness. However, the increase came due to comments from Federal Reserve (The Fed) officials that were more hawkish than market expectations, particularly the statement that an interest rate cut was unlikely in the near future. The dollar's rise was also supported by a surge in US bond yields, which made dollar-denominated assets more attractive in terms of yield compared to other currencies. With rising Treasury yields, the...