China’s retail sales in October rose by 2.9% year-on-year, surpassing expectations of a 2.7% increase. This growth reflects a positive trend in the country’s consumer spending during this period.<\/p>\n
Meanwhile, the USD\/INR pair experienced a decline, coinciding with a drop in the US dollar ahead of upcoming economic data releases. Additionally, the EUR\/GBP gathered strength, breaching the 0.8850 mark amid concerns over the UK’s fiscal health and weak GDP data.<\/p>\n
The EUR\/CAD pair rose near 1.6250 as the European Central Bank indicated a cautious approach to interest rates. Concurrently, the Australian dollar strengthened as the US dollar faltered amid apprehensions surrounding data releases.<\/p>\n
There was also a rise in silver prices, with XAG\/USD advancing above 52.50 due to growing uncertainty surrounding US economic data. The Japanese yen gained against the bearish USD, although its potential for further gains remains limited. <\/p>\n
Bitcoin, Ethereum, and Ripple faced notable declines, with losses of over 5%, 10%, and 2%, respectively, throughout the week. Bitcoin fell below the $100,000 threshold, indicating the market’s current bearish trends.<\/p>\n
We are seeing a clear risk-off mood in the markets, which should guide our strategy for the next few weeks. Gold is climbing back over $4,200 an ounce while highly speculative assets like Bitcoin have broken below the critical $100,000 support level. This flight to safety suggests traders are looking to reduce risk heading into the end of the year.<\/p>\n
The US dollar is weakening due to recent economic concerns, fueled by October’s softer-than-expected jobs report and a slight cooling in the latest CPI data. However, the market is also pulling back on the likelihood of a Federal Reserve rate cut in December, with futures now showing only about a 35% chance, down from over 60% last month. This conflict creates uncertainty, suggesting we could use options to play volatility in pairs like EUR\/USD, which is currently pinned below its 50-day moving average.<\/p>\n
The slightly better-than-expected retail sales from China at 2.9% offers a small glimmer of hope for global growth. This data, a slight improvement from the sluggish figures we saw in the third quarter of 2025, could provide some support for commodity-linked currencies. We see potential in pairing the Australian dollar against currencies facing domestic headwinds, such as the British Pound.<\/p>\n
Given the UK government’s recent decision to scrap tax increases, fiscal uncertainty is weighing heavily on the Pound Sterling. We should anticipate further weakness in pairs like GBP\/USD as markets question the country’s fiscal discipline. This makes buying GBP puts or establishing short positions an attractive strategy through the end of November.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" China retail sales beat expectations; USD weakens; EUR\/GBP, silver rise; crypto faces broad declines.<\/p>\n","protected":false},"author":62,"featured_media":16960,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-34901","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-ca\/wp-json\/wp\/v2\/posts\/34901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=34901"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/34901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16960"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=34901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=34901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=34901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}