Germany’s industrial production rose by 1.8% in October, outperforming expectations which projected a decline of 0.4%. The increase contributes to a positive outlook for the Eurozone economy.<\/p>\n
The EUR\/USD pair saw modest gains exceeding 1.1650, spurred by expectations of a US Federal Reserve rate cut. The upcoming Eurozone Sentix Investor Confidence data is a focal point for market participants.<\/p>\n
The GBP\/USD pair is trading above 1.3300, with markets anticipating the Fed\u2019s decision. Gold prices remain stable above $4,200, awaiting the Federal Reserve\u2019s stance, impacting the US Dollar.<\/p>\n
Cryptocurrencies such as Bitcoin and Ethereum rebounded slightly as retail demand remained strong. Silver reached an all-time high, maintaining a bullish stance despite intraday reversals in gold and mining stocks.<\/p>\n
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The surprise 1.8% jump in German industrial production for October, smashing expectations of a decline, suggests a potential turning point for the Eurozone’s largest economy. This is the most significant month-over-month increase we have seen since the third quarter of 2024, providing a strong tailwind for the Euro. Traders should consider buying near-term call options on the EUR\/USD to capitalize on this renewed optimism.<\/p>\n
All eyes are now on the US Federal Reserve’s rate decision this Wednesday, which is driving broad weakness in the US Dollar. Market pricing derived from Fed funds futures indicates a greater than 90% probability of a 25-basis-point interest rate cut. This follows last week\u2019s US jobs report, which showed a second consecutive month of slowing wage growth and has emboldened dollar bears.<\/p>\n
In this environment, GBP\/USD is holding firm above the 1.3300 level, consolidating near yearly highs. While the pair is supported by the weak dollar, traders should be prepared for a spike in volatility following the Fed announcement. Using options strategies like a straddle could be an effective way to play a potential breakout without betting on the specific direction.<\/p>\n
Gold continues to benefit from the prospect of lower US interest rates, trading strongly above $4,200 an ounce. With the latest US Core PCE inflation figures from November remaining above 3%, the impending rate cut is pushing real yields further into negative territory. This macro setup supports maintaining long positions in gold futures or related call spreads into early 2026.<\/p>\n
We are seeing a notable divergence in precious metals as silver just printed a new all-time high while gold failed to do the same. This has pushed the gold-to-silver ratio below 70 for the first time since mid-2023, signaling extreme outperformance by silver. This disconnection may suggest silver is becoming overextended, and traders holding long positions should consider buying protective puts.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Germany’s industrial production rises, boosting Eurozone outlook; EUR\/USD gains on Fed cut hopes; markets watch data.<\/p>\n","protected":false},"author":62,"featured_media":16967,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-36256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/36256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=36256"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/36256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/16967"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=36256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=36256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=36256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}