Silver price kept rising in its last trading on the intraday levels, amid the dominance of the main bullish trend and its trading alongside minor trend line on the short-term basis that supports this track, taking advantage of the dynamic pressure that is represented by its trading above EMA50, to reinforce extending the gains in the upcoming period, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels that might reduce its upcoming gains.
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EUR/USD failed to make a decisive move on Monday and closed the day virtually unchanged. The pair remains in a consolidation phase early Tuesday and continues to fluctuate near 1.1550.
Euro Price This week
The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the strongest against the Japanese Yen.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
-0.03%
0.14%
0.19%
-0.19%
-0.49%
-0.36%
-0.24%
EUR
0.03%
0.16%
0.25%
-0.19%
-0.49%
-0.36%
-0.24%
GBP
-0.14%
-0.16%
0.16%
-0.35%
-0.65%
-0.52%
-0.39%
JPY
-0.19%
-0.25%
-0.16%
-0.44%
-0.73%
-0.59%
-0.52%
CAD
0.19%
0.19%
0.35%
0.44%
-0.21%
-0.18%
-0.11%
AUD
0.49%
0.49%
0.65%
0.73%
0.21%
0.13%
0.25%
NZD
0.36%
0.36%
0.52%
0.59%
0.18%
-0.13%
0.12%
CHF
0.24%
0.24%
0.39%
0.52%
0.11%
-0.25%
-0.12%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
The risk-positive market atmosphere on growing optimism about the US government shutdown coming to an end made it difficult for the US Dollar (USD) to gather strength. Nevertheless, the uncertainty surrounding the Federal Reserve’s (Fed) policy decision in December capped the pair’s upside, as investors refrained from betting on a broad USD weakness given the heightened probability of a Fed policy hold.
November ZEW Survey – Economic Sentiment Index data for Germany and the Eurozone will be featured in the European economic calendar on Tuesday. Later in the session, NFIB Business Optimism Index and the Automatic Data Processing’s (ADP) newly introduced weekly ADP Employment Change data will be watched closely by market participants.
In case there is a negative print in the ADP data, the USD could come under renewed selling pressure and allow EUR/USD to stretch higher. On the flip side, a reading at or above 20K could have the opposite impact on the currency’s action.
Meanwhile, US stock index futures trade mixed following the risk rally seen in Wall Street on Monday. The funding bill, which will pave the way for the government’s reopening and was approved by the Senate, will head to the House of Representatives for a final approval on Wednesday. Once the government is funded, investors will await the release of key data, such as the Consumer Price Index, Nonfarm Payrolls and Gross Domestic Product, that were postponed during the shutdown.
EUR/USD Technical Analysis
EUR/USD trades between the 50-period and the 100-period Simple Moving Averages (SMAs), while the Relative Strength Index (RSI) indicator moves sideways slightly above 50, reflecting the pair’s indecisiveness.
On the downside, 1.1530 (50-period SMA) aligns as the first support level before 1.1500 (static level) and 1.1450 (end-point of the downtrend). Looking north, resistance levels could be spotted at 1.1570-1.1580 (Fibonacci 23.6% retracement of the latest downtrend, 100-period SMA), 1.1630 (200-period SMA, Fibonacci 38.2% retracement) and 1.1680 (Fibonacci 50% retracement).
Euro FAQs
The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy.
The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa.
The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency.
A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall.
Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period.
If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
The (ETHUSD) price rose in its last trading on the intraday basis, taking advantage of its continuous trading above EMA50, providing renewed bullish momentum, amid the effect of breaching minor bearish trend line on the short-term basis, besides forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals.
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The (ETHUSD) price rose in its last trading on the intraday basis, taking advantage of its continuous trading above EMA50, providing renewed bullish momentum, amid the effect of breaching minor bearish trend line on the short-term basis, besides forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals.
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Full VIP signals performance report for 20-31, October 2025:
Silver price (XAG/USD) gains ground for the third consecutive session, trading around $50.90 per troy ounce during the Asian hours on Tuesday. The non-interest-bearing Silver attracts investors amid growing economic uncertainty in the United States (US), which has fueled expectations of a near-term Federal Reserve rate cut.
Fed Governor Stephen Miran told CNBC on Monday that inflation is easing. Miran reaffirmed that staying on course with rate cuts is appropriate, suggesting a 50-basis-point reduction in December, or at least 25 bps. He added that the economy is not at maximum employment and that all data since September support further easing.
Job losses in October, mainly in the government and retail sectors, and a drop in consumer sentiment to a three-and-a-half-year low in early November have reinforced expectations of policy easing. The CME FedWatch Tool shows markets pricing in a 62% chance of a 25 bps rate cut in December.
The upside of the Silver price could be restrained amid growing hopes that the US government shutdown resolution is nearing. The US Senate passed a funding bill in a 60–40 vote, effectively ending the 41-day shutdown, with eight Democrats joining Republicans to advance the measure, which now moves to the House for approval.
US President Donald Trump, on Monday, backed a bipartisan deal to end the US government shutdown, signaling a likely reopening within days. Senate Majority Leader John Thune said he expects Trump to sign the bill once Congress passes it.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
The EURJPY pair faced new bullish pressure due to stochastic approach from the overbought level, to achieve some gains by its stability near 178.45.
Reminding you that activating the bullish attack requires surpassing 178.70 level and holding above it, to ease the mission of recording new gains that might begin at 179.40, while the failure of the breach will push it to form mixed trading, and there is a chance for gathering gains again by reaching 177.50 initially, reaching the extra support near 177.05.
The expected trading range for today is between 177.70 and 178.70
Trend forecast: Fluctuated within the bullish track
Gold is flirting with the $4,150 barrier early Tuesday, sitting at the highest level in three months. The focus now turns to the US ADP weekly jobs report amid a potential end to the government shutdown.
Gold looks to US ADP Employment Change data
Gold has been on a roll higher, gaining over 3% so far this week, on hopes that the US government reopening would imply resumption of the economic data publications, which could help markets confirm a December interest rate cut by the US Federal Reserve (Fed).
Markets are currently pricing in about a 64% chance of the Fed lowering rates next month, according to the CME Group’s FedWatch Tool.
Last week’s downbeat US data ramped up bets for another cut by the turn of the year. The University of Michigan (UoM) showed on Friday that the preliminary Consumer Sentiment Index dropped to 50.3 in early November, the lowest in nearly three-and-a-half years.
Meanwhile, the executive outplacement firm Challenger, Gray & Christmas said on Thursday, that corporations announced a 183.1% monthly surge in layoffs, the worst October in over two decades, per Reuters.
Amid ground labor market concerns and the disinflationary trend, markets believe that the missed US Nonfarm Payrolls (NFP) for September and the October Consumer Price Index (CPI) could help seal in a December rate reduction.
This narrative is boding well for Gold optimists even as US Treasury bond yields and stocks ride the wave higher of the US shutdown nearing an end.
With US bond markets closed on Tuesday in observance of Veterans Day, all eyes are on the weekly US private sector Employment Change (4-week average) data, which could provide fresh light on the health of the labor market.
The sentiment on Wall Street will also be closely monitored for fresh trading incentives in Gold price.
Gold price technical analysis
Daily chart
As observed on the daily chart, the 14-day Relative Strength Index (RSI) looks firm above the midline, currently near 60, suggesting that buyers will likely retain control in the near term.
Acceptance above $4,129, the 23.6% Fibonacci Retracement level of the parabolic rise to the record high that began on August 19, is critical on a daily candlestick closing basis to unleash further upside.
The next relevant topside target is seen at the $4,200 round level, above which a fresh uptrend will initiate toward the record high of $4,382.
On the downside, the initial support is located at the 21-day Simple Moving Average (SMA) at $4,086, below which the $4,050 psychological level will come into play.
The line in the sand for Gold buyers is seen at $3,973, the 38.2% Fibo level of the same advance.
Economic Indicator
ADP Employment Change 4-week average
The preliminary ADP weekly estimate, released by Automatic Data Processing Inc, provides a four-week moving average of the latest total private-employment change in the US. Generally, a rise in the indicator has positive implications for consumer spending and is simulative of economic growth. Therefore, a high reading is traditionally seen as bullish for the US Dollar (USD), while a low reading is seen as bearish.
Gold price (XAU/USD) holds positive ground near $4,120 during the early Asian session on Tuesday. The precious metal edges higher after reaching a two-week high in the previous session, amid prospects for rate cuts by the US Federal Reserve (Fed) in December and a softer US Dollar (USD). The US ADP Employment Change Weekly will be in the spotlight later on Tuesday.
The rally in yellow metal is bolstered by increased market expectations of a US rate cut next month after private jobs and consumer reports last week both showed signs of economic slowdown. Markets are currently priced in nearly a 67% chance of a 25 basis points (bps) rate cut by the Fed in December, with odds rising to about 80% by January, according to the CME FedWatch tool. Lower interest rates could reduce the opportunity cost of holding Gold, supporting the non-yielding precious metal.
On the other hand, hopes for the end of the US government shutdown and positive market sentiment could undermine the safe-haven asset like Gold. Reuters reported that the US Senate on Sunday moved forward on a measure aimed at reopening the federal government and ending the shutdown, which has affected federal workers, food aid, and air travel.
US President Donald Trump on Monday expressed support for the bipartisan deal to end the US shutdown, saying “we have support from enough Democrats, and we’re going to be opening up our country.” Given that the House needs to return to Washington and has vowed to give lawmakers advance notice, the government will most likely reopen by the end of the week.
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
The rally cleared the 161.8% ABCD projection at $4.45, measured from August’s corrective low (A), but fell just short of a 127.2% Fibonacci extension at $4.54. The 78.6% retracement at $4.41 and the top channel line (150% extension of the original rising channel) continue to define resistance, with today’s high pushing further above that line.
Channel Dynamics
Price is poised for a potential second close above the 150% channel line, a feat achieved only once before in this advance. Sustained demand could propel natural gas toward the next channel line at the 175% extension. Five days of relentless testing against the top channel line with minimal pullback highlight exceptional bullish conviction.
Broader Trend Context
The March $4.90 peak—8.7% above today’s high—saw a fleeting one-day spike ending in a bearish doji shooting star, suggesting light supply in the $4.45–$4.90 range. The long-term bull trend regained traction in late October, confirmed by reclaiming the 200-day moving average, breaking a downtrend line, and surpassing a prior swing high (B).
Correction Risk Assessment
Six days of quasi-sideways action with an upward tilt may constitute a minor correction, but the rally’s extension increases pullback risk. A break below today’s $4.26 low signals near-term weakness; the six-day low at $4.18 is more critical, with the 10-day moving average at $4.11 offering initial dynamic support.
Outlook
Natural gas remains firmly bullish, with the $4.51 breakout and outside day reinforcing demand toward $4.54 and potentially the 175% channel line. A drop below $4.26–$4.18 would target $4.11 support, but sustained strength above the 150% channel line keeps higher targets in play. The next few sessions will clarify if correction pressures intensify.
For a look at all of today’s economic events, check out our economic calendar.
The Pound to Dollar exchange rate (GBP/USD) traded in a tight range on Monday, with Sterling holding steady amid renewed optimism that the ongoing US government shutdown could soon be resolved.
At the time of writing, GBP/USD was trading near $1.3160, virtually unchanged from Monday’s opening levels.
The US Dollar (USD) lacked clear direction at the start of the week, as the US Senate narrowly passed a bill to resolve the historic government shutdown.
Although a resolution was welcomed by markets, it sparked a shift in risk sentiment. Investors scaled back their safe-haven USD exposure as the prospect of a shutdown resolution boosted risk appetite.
Despite the positive momentum, traders remained cautious, knowing that the end of the shutdown could bring a deluge of delayed federal data.
Key releases, including September’s non-farm payrolls report, could potentially increase volatility in the coming days, particularly if they alter expectations for a December Federal Reserve rate cut.
The Pound (GBP) was largely steady on Monday, buoyed by the improved market mood.
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However, Sterling’s upside remained capped as lingering uncertainties surrounding the UK’s upcoming autumn budget continued to weigh on investor sentiment.
Speculation over potential tax increases and fiscal tightening dominated the narrative, overshadowing any positive drivers for the Pound.
As Chancellor Rachel Reeves’ budget announcement approaches, market focus is likely to remain on fiscal policy and its impact on future Bank of England (BoE) rate decisions, particularly as the fiscal statement could reveal significant shifts in economic priorities.
GBP/USD Forecast: Rising UK Jobless Rate to Dent Sterling?
Looking ahead, the Pound to US Dollar exchange rate may face renewed pressure on Tuesday, with the release of fresh UK labour market data.
September’s figures are expected to show a rise in the unemployment rate and easing wage growth, which could weigh on Sterling.
A weaker jobs report would reinforce expectations that the BoE may lower interest rates when it meets next month, adding downward pressure on GBP.
Meanwhile, developments in Washington will remain a key factor for the US Dollar.
Progress on the shutdown and any moves toward a funding agreement could support the Greenback, potentially dampening further GBP/USD upside.
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