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USD: Thanksgiving focuses the minds - ING
Developments over the weekend hint at a path to ending the US government shutdown. It seems the prospect of massive flight delays around Thanksgiving and the delay in food aid payments has prompted a group of moderate Democrats to back a proposed compromise bill in the Senate.

Gold Price Forecast: XAU/USD jumps to near $4,080 as Fed rate cut in December looks likely
Gold price (XAU/USD) trades 2% higher to near $4,080 during the European trading session on Monday. The yellow metal strengthens amid steady expectations that the Federal Reserve (Fed) will cut interest rates again in the December policy meeting.

USD/JPY: 2-way trades - OCBC
USD/JPY jumped in early trade this morning, as demand for safe haven proxy faded in reaction to news that US government shutdown may be nearing an end. USD/JPY last seen at 154.17 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

TRY: Inflation forecasts revised up despite assurances - Commerzbank
The Turkish central bank (CBT) has adjusted its year-end inflation forecast for 2025, once again, upward to 31%-33%, compared with the previous 25%-29%. This revision aligns with existing analyst consensus forecasts.

DXY: Hopes of US government reopening - OCBC
US Dollar (USD) traded mixed this morning, with gains seen vs. low yielding major FX while losses were seen vs. risk-proxy FX, including AUD, KRW. DXY was last at 99.55 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Silver extends rally to three-week high near $50 on Fed rate cut hopes
Silver (XAG/USD) continues its advance at the start of the week, trading around $49.85 per ounce on Monday at the time of writing, up 3.0% for the day and marking its highest level in three weeks at $50.00 earlier in the day.

CAD: Two outliers are almost a trend reversal - Commerzbank
Following the unexpectedly strong Canadian labour market report for September, Bank of Canada Governor Tiff Macklem still referred to it as an outlier.

GBP: Tuesday's jobs data should weigh - ING
EUR/GBP is back below 0.88 again as GBP/USD seems to find good demand under 1.31, ING's FX analyst Chris Turner notes.

EUR/USD: There are still many clouds ahead of our EUR/USD forecast - Commerzbank
In recent weeks, the meetings have mainly focused on questions of timing. The main focus has been on the US government shutdown and when it might end.

China: CPI rebounds in October - UOB Group
China's headline Consumer Price Index (CPI) rebounded to 0.2% y/y in October (Bloomberg est: -0.1%, September: -0.3%) after two consecutive months of negative prints. Core CPI (excluding food & energy) continued to rise to a 20-month high of 1.2% y/y from 1.0% y/y in September.

EUR: Rally needs a helping hand - ING
EUR/USD is becalmed after finding support below 1.15 last week, ING's FX analyst Chris Turner notes.

Eurozone Sentix Investor Confidence Index drops to -7.4 in November vs. -5.4 previous
The Eurozone Sentix Investor Confidence Index deteriorated to -7.4 in November from -9.2 in October.

EUR/GBP remains below 0.8800, downside seems limited due to ECB-BoE policy divergence
EUR/GBP remains subdued for the fourth consecutive session, trading around 0.8790 during the European hours on Monday.

Dow Jones futures rise as US Senate advances to end shutdown
Dow Jones futures gain 0.18% to trade above 47,150 during European hours ahead of the opening of the United States (US) regular session on Monday. Moreover, the S&P 500 futures and Nasdaq 100 gained by 0.70% and 1.24%, with trading around 6,800 and 25,450, respectively.

Pound Sterling consolidates against US Dollar as Senate advances stopgap bill
The Pound Sterling (GBP) consolidates near 1.3150 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair wobbles as the US Dollar (USD) steadies despite the vote favoring the United States (US) government reopening has been approved in the Senate.

USD/CHF wobbles around 0.8060 while US federal reopening measure advances
The USD/CHF pair trades in a tight range around 0.8060 during the European trading session on Monday. The Swiss Franc pair ranges as the US Dollar (USD) steadies after the United States (US) Senate advanced the federal funding bill until January.

USD/CAD falls toward 1.4000 due to increasing BoC caution, higher Oil prices
USD/CAD continues to lose ground for the consecutive session, trading around 1.4010 during the European hours on Monday.

EUR/JPY Price Forecast: Eyes record highs after moving above 178.00
EUR/JPY gains ground for the second successive session, trading around 178.10, higher by more than 0.25%, during the early European hours on Monday. The short-term price momentum is stronger as the currency cross is positioned above the nine-day Exponential Moving Average (EMA).

ECB de Guindos: Current level of interest rates is appropriate
European Central Bank Vice President Luis de Guindos said during the European trading session on Monday that there is no need for an adjustment in the current level of interest rates, unless inflation developments change or projections are modified.

EUR/USD Price Forecast: Bearish bias intact below 100-day EMA near 1.1550
The EUR/USD pair trades with mild losses near 1.1565 during the early European session on Wednesday. The US Dollar (USD) edges higher against the Euro (EUR) amid hopes that the US government shutdown may end soon.
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