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Weekly Forecast

EUR/USD: Greenback holds firm despite looming US political stalemate

The EUR/USD pair finished the first week of November trading around 1.1140 after spending pretty much a month ranging around 1.1200. Critical headlines were partially overshadowed by persistent uncertainty, with the pair leaning bearish but still trapped.

Gold: Post-midterm elections relief rally loses momentum

Gold (XAU/USD) staged an impressive rebound after dropping to a fresh 2026 low below $3,900 at the end of the previous week. Although the precious metal retreated from the two-week top it set near $4,150, it managed to end the week decisively higher. October inflation data from the United States and geopolitics could impact XAU/USD’s performance in the near term.

Canadian Dollar stares at 114.7K lost jobs and a Fed rate hike

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.

US Dollar: The Dollar survives the midterms; now comes inflation

The US Dollar (USD) weathered the post-US midterm election results better than expected, adding to the previous week’s bullish move and managing to keep the trade above the key 102.00 barrier on the US Dollar Index (DXY).

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In-Depth Analysis

US Dollar breaks below 101.50 as Democrats sweep Congress

The US Dollar (USD) comes under heavy selling pressure on Wednesday, with the US Dollar Index (DXY) falling around 0.5% to trade near 101.35 after sliding below the 101.50 level. The Greenback retreats to its lowest level in four weeks as investors reassess the political and economic outlook following the Democratic Party's sweeping victory in the United States (US) midterm elections.