Weekly Forex News & Market Pulse
This week has been full of pressure and mixed moves across global markets. The Dollar remained strong while the Yen continued to weaken. Oil and Gold both moved lower, reflecting reduced safe-haven demand. Bitcoin stayed under heavy selling, reinforcing a weak risk tone. Nvidia’s strong earnings provided short-term relief for tech, but high valuations kept traders cautious. Overall, investors avoided big risks and waited for clearer signals from central banks and upcoming data.
1. Yen Falls Hard as Dollar Hits Strong Levels
This week, the Japanese Yen stayed very weak amid large fiscal plans and rising debt worries. Traders expected government action or intervention, but none arrived. USD/JPY moved higher and closed near weekly peaks, showing the yen’s downside pressure remains active.
2. Dollar Stays Strong as Rate Cut Hopes Drop
The US Dollar kept strength as markets dialed back expectations for early Fed rate cuts. This supported the dollar across most sessions and left many major currencies struggling to recover from losses.
3. Euro Holds Stability Despite Dollar Pressure
Despite a strong dollar, the euro avoided a sharp decline. Buyers defended key levels and kept EUR/USD in a narrow range, finishing the week without a clear directional bias.
4. Gold Loses Shine as Safety Buying Slows
Gold fell as investors shifted attention to the strong US dollar and cash positions. Selling pressure dominated most of the week. By week’s end gold was near support areas and showed limited recovery signs.
5. Oil Drops and Pressures Commodity Currencies
Oil prices slipped on oversupply concerns and a weaker global demand outlook. Sellers controlled the market for the week and buyers lacked confidence to push prices higher.
6. Nvidia Earnings Bring Relief but Caution Remains
Nvidia reported strong results, easing some fears around an AI-driven bubble and delivering short-term market support. Still, stretched valuations kept traders selective and cautious.
7. Bitcoin Falls More, Showing Risk-Off Mood
Bitcoin continued to fall and stayed below major supports as selling pressure persisted. Crypto markets reflected a broader risk-off mood and cautious investor behaviour.
8. Markets End Week in Careful and Slow State
Overall, markets finished the week mixed and cautious. A strong dollar, weak yen, falling oil and pressured crypto kept traders defensive and activity subdued as participants awaited fresh catalysts.
Weekly Economic Calendar
Wednesday, November 19, 2025
02:00 GBP - CPI (YoY) (Oct) 3.6% vs 3.8%
05:00 EUR - CPI (YoY) (Oct) 2.2% vs 2.1%
10:30 USD - Crude Oil Inventories 6.413M
14:00 USD - FOMC Meeting Minutes
Thursday, November 20, 2025
All Day - Holiday: Brazil - Black Awareness Day
08:30 USD - Average Hourly Earnings (MoM) (Sep) 0.3%
08:30 USD - Initial Jobless Claims 223K vs 218K
08:30 USD - Nonfarm Payrolls (Sep) 22K
08:30 USD - Philadelphia Fed Manufacturing Index (Nov) -1.4 vs -12.8
08:30 USD - Unemployment Rate (Sep) 4.3%
10:00 USD - Existing Home Sales (Oct) 4.06M vs 4.06M
Friday, November 21, 2025
09:45 USD - S&P Global Manufacturing PMI (Nov) 52.5
09:45 USD - S&P Global Services PMI (Nov) 54.8
Major Currency Pair Movements
EUR/USD: Down slightly; the strong Dollar kept pressure on the euro this week.
USD/JPY: Strongly up; yen remained weak amid stimulus fears and lack of intervention.
GBP/USD: Mostly stable; cautious trading left the pair in a narrow range.
USD/CAD: Up; falling oil weighed on the Canadian dollar.
AUD/USD: Down; strong dollar and weak risk appetite pressured the Aussie.
XAU/USD (Gold): Lower; dollar strength and reduced safe-haven buying pushed gold down.
Trader’s Takeaway
The US Dollar stayed strong as rate cut hopes faded, keeping pressure on most major currencies.
Yen weakness continued to push USD/JPY higher, with no clear intervention from authorities.
Euro remained range-bound, showing caution despite dollar strength.
Gold weakened as safe-haven demand dropped and the dollar dominated flows.
Oil remained under pressure, weighing on commodity currencies.
Bitcoin’s decline highlighted a risk-off mood in markets.
Nvidia’s earnings provided short-lived support but overall caution still ruled trading.
What to Watch Next Week
US Dollar Strength: If rate-cut hopes stay low, the dollar could remain strong and continue pressuring EUR, GBP, AUD and gold.
Japanese Yen Direction: Any sign of intervention from Japan could trigger sharp moves in USD/JPY. Without action, yen weakness may persist.
Gold & Bitcoin: If the dollar and yields remain high, both may face continued pressure and limited recovery.
Oil Price Reaction: Ongoing oversupply worries could keep oil soft and maintain pressure on CAD and other commodity currencies.
Tech & AI Sentiment: Nvidia-related developments may influence risk appetite; positive news could support markets but caution is likely to remain.
Summary
This week showed a clear pattern: the dollar stayed strong, the yen remained weak, and oil, gold and bitcoin faced downward pressure. Nvidia’s positive earnings brought only short-term relief. Overall, markets were cautious and data-driven with elevated volatility.
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Disclaimer
This newsletter provides market insights and expectations for the week ahead. These are predictions, not guarantees. Markets can change at any time due to new information or unexpected events. Always trade carefully and manage your risk.
