In November, Brazil’s industrial output remained unchanged at 0%, contrary to analysts’ expectations of a 0.2% growth. This stagnant performance indicates a lag in the industrial sector’s anticipated growth.<\/p>\n
The US dollar has strengthened, impacting various currency pairs such as GBP\/USD and EUR\/USD, with the latter consolidating around the 1.1670 mark. The strengthening dollar also affects commodities like gold, which has seen a decrease, trading down to the $4,430 region per troy ounce.<\/p>\n
On the cryptocurrency front, Pi Network shows a bearish trend as sellers exert pressure; nearly 1.90 million PI tokens were processed by centralised exchanges over a 24-hour period. Despite a recent 2% price drop, it continues to trade slightly above $0.2000.<\/p>\n
Looking forward to 2026, macroeconomic conditions from 2025 will still influence the year’s economic landscape. Traders and stakeholders remain cautious about potential fluctuations in the global market environment.<\/p>\n
Brazil’s industrial output coming in flat for November 2025 is a concern, signaling a potential economic slowdown heading into the new year. This follows a weak fourth quarter for the nation’s manufacturing sector, which saw a cumulative contraction of 0.5%. We should be cautious with long positions on the Brazilian Real (BRL), as this weakness could continue to weigh on the currency.<\/p>\n
The dominant theme right now is US dollar strength, which is pushing pairs like EUR\/USD and GBP\/USD to multi-day lows. Recent data showed initial jobless claims holding steady around 215,000, reinforcing the view of a resilient US labor market and supporting the greenback. This dollar-positive sentiment is currently the main driver across currency markets.<\/p>\n
All eyes are now on tomorrow’s US Non-Farm Payrolls report, which is the next major catalyst we are watching. After the major policy shifts we saw from central banks throughout 2025, this jobs data will be critical in shaping expectations for the Federal Reserve’s path forward. A strong number, which many are forecasting, could fuel another leg up for the dollar.<\/p>\n
Gold is feeling the pressure from both the stronger dollar and rising bond yields. The US 10-year Treasury yield has climbed back towards 3.95% this week, making non-yielding assets like gold less attractive in comparison. If yields continue this recovery, we could see gold test support levels further down.<\/p>\n
After a 2025 full of major shifts where the macroeconomy was surprisingly stable, we are now entering a period of cautious normalization. The shocks from last year are unlikely to be repeated, but that doesn’t mean we should lower our guard completely. We are watching to see if the resilience from 2025 carries over into the first quarter of this new year.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Brazil’s industry stalls, dollar strengthens, gold dips, Pi Network weakens; 2026 outlook tied to 2025 trends.<\/p>\n","protected":false},"author":62,"featured_media":16962,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-38608","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\/38608","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=38608"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/38608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16962"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=38608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=38608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=38608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}