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Weekly Global Market Highlights

10 – 14 November 2025

This week, the US Dollar Index (DXY) is set to finish its second week in the red, trading nearly 0.5% lower than its weekly open. The drop shows weaker momentum as traders wait for a large batch of delayed US data after the government reopened. This data is expected to signal a softer US economy. Adding to the caution, the White House confirmed that the October jobs report will come without the unemployment rate, creating more uncertainty and adding pressure on the dollar.

Most major currencies, including the yen and euro, stayed weak. Gold and Bitcoin also fell, while oil prices dropped due to lower global demand. The pound struggled as UK growth concerns increased. Overall, the market stayed cautious—traders leaned toward safer assets, while riskier areas like equities, tech stocks, and crypto showed mixed performance.

1. U.S. Government Shutdown Ends After 43 Days

This week, the longest U.S. government shutdown finally ended after 43 days. A new funding bill was passed, and President Trump signed it. Thousands of workers who were unpaid or furloughed will now return to normal work as departments reopen.

Impact: Market sentiment improved slightly. Traders felt some relief as government services restarted, but uncertainty about future U.S. decisions still kept the dollar under pressure.

2. Michael Burry Closes His Hedge Fund

Michael Burry, known for “The Big Short,” closed his hedge fund this week. He officially removed Scion Asset Management from registration. The sudden closure surprised many because Burry is famous for his bold market calls.

Impact: Investors turned cautious. Some moved their money toward safer options since a well-known market expert stepped away from fund management.

3. Dollar Falls as Euro and Yen Get Stronger

This week, the U.S. dollar fell as traders reacted to a weak U.S. outlook and market uncertainty. The euro moved above key levels, and the yen also gained strength as investors preferred safer currencies.

Impact: More traders shifted to euro and yen trades. Dollar pairs saw extra movement, giving short-term opportunities in major forex pairs.

4. Europe Talks About Pooling Dollar Reserves

European officials discussed a new idea where different countries could share dollar reserves. This system may help them depend less on the U.S. Federal Reserve during tough financial periods. The plan is still in early discussion.

Impact: The euro saw slight support. Traders viewed the news as a positive step for Europe’s financial stability in the long run.

5. Bitcoin Falls Below $97,000

This week, Bitcoin dropped below $97,000, hitting its lowest level since early May. The fall came after large liquidations in leveraged positions and weak risk sentiment in global markets. Many traders reacted by cutting exposure as Bitcoin moved back to an important support zone.

Impact: Crypto sentiment weakened. Traders stayed cautious and focused on whether Bitcoin can hold above the $97,000 support area.

6. Oil Prices Drop 4% After OPEC Changes Outlook

This week, oil prices fell by more than 4% after OPEC said the global oil market will likely be balanced in 2026, rather than facing a shortage. The change came because non-OPEC countries are increasing production, and inventories are rising again. This revised outlook led to heavy selling in oil markets.

Impact: Oil turned weak as traders reduced long positions. The bearish outlook pushed WTI sharply lower, and the market is now watching if prices can stay above near-term support levels.

7. Fed May Resume Bond Purchases Soon, Says NY Fed President

This week, New York Fed President John Williams said the Federal Reserve may soon start buying bonds to help markets run smoothly. He clarified that this is only to manage short-term liquidity and not a change in overall interest rate policy.

Impact: Traders felt a little relief. This step can make it easier for banks and markets to operate, but it does not mean interest rates will change.

Major Currency Pair Movements

  • EUR/USD: Down slightly; euro weak, dollar strong.
  • USD/JPY: Up; yen weak, dollar strong.
  • GBP/USD: Stable; traders cautious.
  • USD/CAD: Up a little; dollar stronger than weak oil.
  • AUD/USD: Down; strong dollar keeps Aussie low.
  • XAU/USD (Gold): Lower; dollar strong, yields high.

Trader’s Takeaway

  • The US dollar remains strong, driving most currency moves.
  • Yen weakness pushes USD/JPY higher.
  • The Euro and the Pound are moving carefully in tight ranges.
  • Gold and Bitcoin are under pressure due to a strong dollar and rising yields.
  • Oil is mixed after OPEC’s new 2026 outlook.

What to Watch Next Week

  • Fed Speeches: Officials may signal liquidity and bond purchases.
  • US & EU Economic Data: Inflation, jobs, and other reports may move currencies and bonds.
  • OPEC & Oil Inventories: Supply and demand updates can affect oil prices and USD/CAD.
  • Tech Stocks & AI Deals: Big announcements may move US indices and market sentiment.

Summary

This week, the US dollar held firm, while the yen stayed weak. The euro and pound moved in tight ranges with no strong direction. Gold, Bitcoin, and oil came under pressure as demand stayed soft. Overall, markets were driven by key events like the Fed’s outlook, the government shutdown impact, OPEC developments, and ongoing tech and AI news.

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USD Weakness, Bitcoin Drop & Oil Selloff Explained