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Silver Price Forecast: XAG/USD rises to near $57.50 on dovish Fed expectations
Silver Price Forecast: XAG/USD rises to near $57.50 on dovish Fed expectations
Silver price (XAG/USD) trades 0.5% higher to near $57.50 during the Asian trading session on Friday. The white metal rises after regaining ground, following a correction move to near $56.50 from the all-time high of $58.90.
Silver
XAGUSD
Fed
InterestRate
Employment
GBP/USD Price Forecast: Constructive view prevails above 1.3300 ahead of US PCE inflation data
GBP/USD Price Forecast: Constructive view prevails above 1.3300 ahead of US PCE inflation data
The GBP/USD pair trades on a flat note near 1.3330 during the Asian trading hours on Friday. Traders prefer to wait on the sidelines ahead of the key US inflation report later on Friday.
Majors
Technical Analysis
GBPUSD
USD/INR eases from record highs as markets await RBI decision and guidance
USD/INR eases from record highs as markets await RBI decision and guidance
A rate cut or dovish liquidity signals could weaken the rupee and push USD/INR back through 90. Softer yields show bond markets leaning dovish, though growth data complicates the case for immediate easing.
Bonds
Indian Stock Market
USD/CAD trades flat near 1.3950 ahead of Canada’s employment data
USD/CAD trades flat near 1.3950 ahead of Canada’s employment data
The USD/CAD pair trades in a tight range around 1.3950 during the Asian trading session on Friday. The Loonie pair wobbles inside Thursday’s trading range as investors await the Canadian labour market data for November, which will be published at 13:30 GMT.
USDCAD
BOC
Fed
Employment
Inflation
Japan’s PM Takaichi shifts tone to calm markets as rising yields test fiscal credibility
Japan’s PM Takaichi shifts tone to calm markets as rising yields test fiscal credibility
Takaichi seeks to calm markets as rising yields and a weak yen challenge Japan’s fiscal and monetary credibility. Or, does it?
Bonds
JPY
Two CEOs, One Binance: Can Yi He Rise Without Pulling CZ Back Into Power
Two CEOs, One Binance: Can Yi He Rise Without Pulling CZ Back Into Power
Binance has named co-founder Yi He as co-chief executive, creating a dual leadership with Richard Teng, the regulator-turned-CEO. The appointment shows that Binance is changing how it distributes a...
EUR/USD edges higher to mid-1.1600s; looks to US PCE Price Index for fresh impetus
EUR/USD edges higher to mid-1.1600s; looks to US PCE Price Index for fresh impetus
The EUR/USD pair attracts some dip-buyers during the Asian session on Friday and recovers a part of the previous day's retracement slide from the 1.1680 region, or the highest level since October 17.
EURUSD
Fed
Inflation
ECB
Currencies
Japanese Yen refreshes three-week high vs USD; seems poised to appreciate further
Japanese Yen refreshes three-week high vs USD; seems poised to appreciate further
The Japanese Yen (JPY) continues with its outperformance against a broadly weaker US Dollar (USD) for the third straight day and advances to a nearly three-week high during the early European session on Friday.
USDJPY
ConsumerSpending
BOJ
Fed
SEO
WTI holds below $60.00, Fed rate cut bets cushion losses
WTI holds below $60.00, Fed rate cut bets cushion losses
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.45 during the Asian trading hours on Friday. The WTI declines amid an increase in US crude oil stockpiles, signaling excess supply.
Oil
WTI
Commodities
Macroeconomics
RBA to hold cash rate at 3.60% through 2026 — Reuters poll
RBA to hold cash rate at 3.60% through 2026 — Reuters poll
The Reserve Bank of Australia (RBA) will hold its cash rate at 3.60% at its December next week and keep it steady through 2026, according to the latest Reuters poll.
RBA
CentralBanks
InterestRate
AUDUSD
Recap: Japan household spending drops sharply, adding pressure ahead of BOJ rate decision
Recap: Japan household spending drops sharply, adding pressure ahead of BOJ rate decision
The sharp miss underscores fragile consumer demand and may temper expectations for sustained BOJ tightening. While a December hike remains the base case, markets may pare back longer-term rate forecasts, supporting JGBs and weighing slightly on yen optimism.
BOJ
JPY
PBOC sets USD/ CNY reference rate for today at 7.0749 (vs. estimate at 7.0751)
PBOC sets USD/ CNY reference rate for today at 7.0749 (vs. estimate at 7.0751)
PBOC CNY reference rate setting for the trading session ahead.
CNY
CNH
pboc
PBOC sets USD/CNY reference rate at 7.0749 vs. 7.0733 previous
PBOC sets USD/CNY reference rate at 7.0749 vs. 7.0733 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0749 compared to the previous day's fix of 7.0733 and 7.0751 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
INR traders heads up: Reserve Bank India rate cut expected today at 0430 GMT/2330 Eastern
INR traders heads up: Reserve Bank India rate cut expected today at 0430 GMT/2330 Eastern
The RBI’s tolerance for a weaker rupee signals reduced intervention risk and greater FX flexibility, but rising outflows and oil-driven import costs keep depreciation pressures alive. Equity inflows may stay cautious until external balances stabilise or clarity emerges on India-US trade and index-inclusion prospects. Softer US yields could provide limited relief.
Indian Stock Market
USD
NZD/USD weakens to near 0.5750 as traders await US PCE inflation release
NZD/USD weakens to near 0.5750 as traders await US PCE inflation release
The NZD/USD pair edges lower to around 0.5765 during the early Asian trading hours on Friday, pressured by the rebound in the US Dollar (USD). Nonetheless, the potential downside for the pair might be limited amid rising bets for a rate cut by the Federal Reserve (Fed) next week.
Majors
Macroeconomics
NZDUSD
AUD/USD holds steady above 0.6600; remains close to two-month high ahead of US PCE data
AUD/USD holds steady above 0.6600; remains close to two-month high ahead of US PCE data
The AUD/USD pair enters a bullish consolidation phase during the Asian session on Friday and oscillates in a range around the 0.6600 round figure, just below a nearly two-month high, touched the previous day.
AUDUSD
Inflation
Fed
RBA
Currencies
Japan’s Katayama says will closely monitor market developments
Japan’s Katayama says will closely monitor market developments
Japan’s Finance Minister Satsuki Katayama said on Friday that interest rates are shaped by “various factors” and reiterated that the government will closely monitor market developments, pursue appropriate debt-management policies, and craft budgets with fiscal sustainability in mind.
Japan
Macroeconomics
BOJ
CentralBanks
Japan finmin Katayama: Will closely monitor market developments (plus wider comments)
Japan finmin Katayama: Will closely monitor market developments (plus wider comments)
The comments reinforce a steady policy backdrop ahead of a potential BOJ rate shift. Affirming BOJ autonomy reduces fears of political pressure, while the focus on fiscal sustainability helps anchor JGB markets, though vigilance toward yields and yen volatility remains key.
BOJ
JPY
PBOC is expected to set the USD/CNY reference rate at 7.0751 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.0751 – Reuters estimate
The People's Bank of China is slowing the appreciation of CNY
CNY
CNH
pboc
Poll: RBA expected hold at 3.60% this month as outlook shifts to long pause through 2026
Poll: RBA expected hold at 3.60% this month as outlook shifts to long pause through 2026
A unanimous hold signal reinforces stability in short-end pricing, but the shift toward a long pause — and rising chatter about possible hikes — may lend support to AUD and keep front-end yields firm. Markets will watch the December statement closely for any tightening bias as inflation pressures remain elevated.
RBA
AUD
Gold Price Forecast: XAU/USD flat lines near $4,200 ahead of US PCE inflation release
Gold Price Forecast: XAU/USD flat lines near $4,200 ahead of US PCE inflation release
Gold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data.
XAUUSD
Gold
Commodities
Macroeconomics
China debt crackdown pushes LGFVs into costly shadow loans, reviving hidden-risk worries
China debt crackdown pushes LGFVs into costly shadow loans, reviving hidden-risk worries
The resurgence of shadow lending underscores persistent stress in China’s local-government finances and weak infrastructure spending — a drag on growth-sensitive assets. The trend signals higher credit risk in LGFV-linked markets and may limit Beijing’s ability to stimulate without widening fiscal strain. Investors may interpret this as medium-term negative for China credit, construction supply chains, and commodity demand.
China
Japan metalworkers union seeks bigger wage hikes, reinforcing BOJ rate-hike expectations
Japan metalworkers union seeks bigger wage hikes, reinforcing BOJ rate-hike expectations
Renewed wage pressure strengthens the narrative that Japan’s labour market is providing the “initial momentum” Governor Ueda says is necessary for sustainable inflation. Robust union demands into shuntō raise the probability of a December BOJ rate hike, supporting yen upside at the margin while keeping upward pressure on JGB yields. Markets will track how widely these wage requests are adopted across sectors.
BOJ
JPY
Japan data huge miss - Household spending plummets in Oct, down 3% y/y vs. +1% expected
Japan data huge miss - Household spending plummets in Oct, down 3% y/y vs. +1% expected
The steep decline in household spending highlights the disconnect between rising wages and consumer behaviour, potentially limiting the BOJ’s confidence in near-term demand-driven inflation. Yen traders may see the release as modestly dovish for December, though broader policy expectations still hinge on wage momentum and next week’s inflation data.
Bonds
BOJ
JPY
GBP/USD pulls back as bull run hesitates
GBP/USD pulls back as bull run hesitates
GBP/USD flubbed a technical run at the 1.3350 handle on Wednesday, falling back below the key technical level and trimming some of the ground gained during a strong rebound earlier in the week.
GBPUSD
Currencies
Inflation
USD/JPY drifts lower to near 155.05 on Fed rate cut expectations, US PCE inflation data in focus
USD/JPY drifts lower to near 155.05 on Fed rate cut expectations, US PCE inflation data in focus
The USD/JPY pair remains weak near 155.05 during the early Asian session on Friday. Rising bets for a rate cut by the US Federal Reserve (Fed) next week and weaker US economic data weigh on the US Dollar (USD) against the Japanese Yen (JPY).
USDJPY
Majors
Macroeconomics
BOJ secures support for December hike but long-term rate path remains unclear
BOJ secures support for December hike but long-term rate path remains unclear
Government backing removes a key hurdle for the BOJ’s December hike and reduces near-term policy risk. But without clarity on the eventual neutral rate, long-end JGBs remain vulnerable and yen volatility stays elevated. Forward guidance at the December meeting will be crucial for FX and rates positioning.
BOJ
JPY
Euro dips as US jobs data boosts the Dollar despite Fed-cut buzz
Euro dips as US jobs data boosts the Dollar despite Fed-cut buzz
Euro retreats somewhat on Thursday as traders digest the last round of US jobs data as they also brace for the release of the Federal Reserve’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index. At the time of writing, the EUR/USD trades at 1.1649, down 0.19%.
Fundamental Analysis
Technical Analysis
EURUSD
Majors
SEO
USTR Greer calls for smaller, balanced China trade and tighter USMCA enforcement
USTR Greer calls for smaller, balanced China trade and tighter USMCA enforcement
USTR Greer said the U.S. wants a stable but smaller and more balanced trade relationship with China, highlighting a 25% decline in the U.S. goods deficit as progress. He also warned of problems within the USMCA and stressed the need to prevent Mexico and Canada from being used as export hubs for Asian producers.
China
CAD
MXN
Balanced
JP Morgan says Strategy risk, not gold, is key to bitcoin’s $170k. Read between the lines.
JP Morgan says Strategy risk, not gold, is key to bitcoin’s $170k. Read between the lines.
JPMorgan says bitcoin could reach $170k if it trades like gold, but the bank’s analysis shows the real swing factor is Strategy’s ability to avoid selling bitcoin and remain in MSCI indices. With $1.4bn in fresh cash and mNAV still above 1, forced liquidation looks less likely. A positive MSCI ruling would lift both Strategy and bitcoin sharply.
Economic and event calendar in Asia Friday, December 5, 2025. Japan spending data.
Economic and event calendar in Asia Friday, December 5, 2025. Japan spending data.
Asian Economic Calendar: Key events and consensus expectations for 05 December 2025
economic calendar
investingLive Americas market news wrap: Initial jobless claims tumble
investingLive Americas market news wrap: Initial jobless claims tumble
Forex news for North American trading on Dec 4, 2025
Session wrap
Wrap Nth America
First CNN, Now CNBC: Kalshi’s Event Odds Go Prime Time
First CNN, Now CNBC: Kalshi’s Event Odds Go Prime Time
CNBC entered into a partnership with prediction-market operator Kalshi to integrate its event-odds data across the network’s television, digital and subscription products starting next year.
Kalshi
Treasury yields perk up and help boost the US dollar
Treasury yields perk up and help boost the US dollar
First gain in five days for the US dollar
Bonds
USD
Dow Jones Industrial Average sheds 100 points on Thursday
Dow Jones Industrial Average sheds 100 points on Thursday
The Dow Jones Industrial Average (DJIA) spun in a tight circle near 48,000 on Thursday before retreating around 100 points.
DowJones
Equities
SEO
Fed
Gold firm as Fed rate cut bets remain strong despite mixed US labor data
Gold firm as Fed rate cut bets remain strong despite mixed US labor data
Gold (XAU/USD) registers modest gains on Thursday, even though the latest US jobs data indicates that the labor market remains resilient, though signs of cooling are emerging.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
FX Today: US PCE data takes centre stage alongside the flash U-Mich gauge
FX Today: US PCE data takes centre stage alongside the flash U-Mich gauge
The US Dollar (USD) struggled for direction amid the ongoing and intense bearish trend in place since late November. Rising bets for a rate cut by the Federal Reserve (Fed) next week and discouraging data have been keeping the Greenback under scrutiny as of late, fuelling its downside momentum.
Fed
Inflation
DollarIndex
EURUSD
Currencies
CFTC Opens Futures Market to Spot Crypto Trading in Major Shift
CFTC Opens Futures Market to Spot Crypto Trading in Major Shift
Acting CFTC Chairman Caroline D. Pham announced that listed spot cryptocurrency products will begin trading for the first time on CFTC-registered futures exchanges, marking a major shift in how Ame...
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