2025-11-10 11:27:00
The risk mood is staying buoyed in European trading and is set to carry over to US trading later as well. The big news since the end of last week is that we might finally get to see the end of the US government shutdown. And that hope and possibility is helping to feed the fuel in markets to start the new week.
On the one hand, we might get to see US economic data again and that could expose further labour market vulnerabilities. In turn, that will likely increase odds of the Fed cutting rates sooner rather than later as opposed to the plausible meandering with tariffs inflation still in the picture as well.
But also, the end of the shutdown will help to alleviate funding/liquidity pressures – as noted here. And that is a negative drag on the dollar at the balance while also helping to bolster risk appetite among investors.
So far to start the week, we’re seeing a broad rally in risk trades with US futures up and Bitcoin also up 1.4% to $106,181 currently. The latter managed to stave off a break under $100,000 and that’s also keeping dip buyers well interested.
Besides that, gold is also starting to see dip buying appetite come into play as price is up 2% to $4,079 and hitting fresh two-week highs.
