Business confidence in Portugal saw an increase in November, moving up to 3 from the previous level of 2.9. This change reflects shifting economic perceptions within the country during this period. <\/p>\n
In the broader financial market, a series of price adjustments and forecasts were noted. For instance, the EUR\/USD pair experienced fluctuations, while GBP\/USD saw some retreat after a period of growth. Simultaneously, gold prices managed to hold steady above $4,150 amid market speculation of a potential Federal Reserve rate cut.<\/p>\n
Cardano (ADA) experienced a recovery, trading around $0.43, bolstered by substantial whale orders and positive funding rates. The US Thanksgiving period saw market gains across several indices, including the S&P, Nasdaq, and Dow, despite concerns over the sustainability of these movements.<\/p>\n
FXStreet provides numerous analyses and forecasts for various financial instruments, emphasising the associated risks. The site encourages thorough research before making financial decisions and outlines that any forward-looking statements involve inherent uncertainties. It’s noted that this information should not be construed as explicit investment advice.<\/p>\n
Given the market’s conviction about a Federal Reserve rate cut, we should anticipate continued weakness in the US Dollar. As of this week, Fed funds futures are pricing in an 85% probability of a 25-basis-point cut in December, even with recent US core inflation holding at a sticky 3.5%. This expectation is the primary driver across asset classes heading into the final month of the year.<\/p>\n
Gold holding above $4,150 is a direct result of these rate cut expectations and a flight to safety, a trend we’ve seen build since the persistent inflation of 2023-2024. While the metal is strong, its high valuation calls for defined-risk strategies. We should consider buying call options to capture further upside while limiting potential losses if the Fed signals a more hawkish stance.<\/p>\n
The recent equity rally, or “Thanksgiving Levitation,” feels fragile as it occurred on very low holiday volume. The VIX is currently sitting near 13, a level that historically precedes volatility spikes, suggesting complacency in the market. It would be prudent to buy protective puts on the S&P 500 to hedge against a potential sharp reversal once full trading volume returns next week.<\/p>\n
In Europe, the slight uptick in Portugal’s business confidence adds to a picture of modest stability, with Eurozone inflation at a manageable 2.8%. This gives the European Central Bank room to hold rates steady, creating a policy divergence that favors the Euro over the dollar. We see the current consolidation below 1.1600 in EUR\/USD as a potential buying opportunity.<\/p>\n
The British Pound’s retreat below 1.3250 against the dollar appears to be a healthy correction after its strong run following the Autumn Budget. This pause offers a chance to re-enter long positions, anticipating another move higher if the dollar’s broad weakness continues. The 1.3200 level will be a key area of support to watch in the coming days.<\/p>\n
For higher-risk portfolios, Cardano’s on-chain data looks compelling with strong whale accumulation and positive funding rates. The move toward $0.50 appears to have momentum, supported by fundamentals within its own ecosystem. Using derivatives to trade this specific crypto asset could offer an attractive risk-reward profile, separate from the broader macroeconomic trends.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Portugal\u2019s business confidence rises as markets fluctuate; gold holds steady, Cardano rebounds, and major indices gain.<\/p>\n","protected":false},"author":5,"featured_media":16963,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-35418","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\/sv-eu\/wp-json\/wp\/v2\/posts\/35418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/comments?post=35418"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/35418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media\/16963"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media?parent=35418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/categories?post=35418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/tags?post=35418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}