TRENDING:

GBP/USD

XAU/USD

Forex Today: Dollar got a respite from risk-aversion

FXStreet Team FXStreet

Here is what you need to know Friday, November 1st:

Risk aversion took over the financial markets on news that China was said that it doubts it would reach a long-term trade deal with US President Trump. The dismal sentiment prevailed, despite Trump tried to cool it down by saying the would soon announce where they would sign the first phase of a trade arrangement.
Save-haven assets soared, with gold closing the day above 1,510 and USD/JPY around 108.00. The greenback was marginally higher against the EUR, despite European data was generally encouraging.
Brexit-UK Elections: he latest polls released Thursday show that Conservatives are getting growing support, with those favouring Tories up to 36.1%. Support for the opposition Labour party, on the other hand, has been decreasing, currently around 25%.
Commodity-linked currencies succumbed to risk-off, dragged lower by plummeting equities. Wall Street managed to bounce ahead of the close, trimming part of its intraday losses.
Crude oil prices edged lower, finishing October unchanged. WTI settled below $55.00 a barrel.
Market’s focus shifts to the US Nonfarm Payroll report.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD recovers to 1.1750 region as 2025 draws to a close

Following the bearish action seen in the European session on Wednesday, EUR/USD regains its traction and recovery to the 1.1750 region. Nevertheless, the pair's volatility remains low as trading conditions thin out on the last day of the year.

GBP/USD stays weak near 1.3450 on modest USD recovery

GBP/USD remains under modest beairsh pressure and fluctuates at around 1.3450 on Wednesday. The US Dollar finds fresh demand due to the end-of-the-year position adjustments, weighing on the pair amid the pre-New Year trading lull.

Gold retreats to $4,300 area, looks to post monthly gains

Gold stays on the back foot on the last day of 2025 and trades near $4,300, possibly pressured by profit-taking and position adjustments. Nevertheless, XAU/USD remains on track to post gains for December and extend its winning streak into a fifth consecutive month.

Bitcoin, Ethereum and XRP prepare for a potential New Year rebound

Bitcoin, Ethereum, and Ripple are holding steady on Wednesday after recording minor gains on the previous day. Technically, Bitcoin could extend gains within a triangle pattern while Ethereum and Ripple face critical overhead resistance.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Legal Text

Markets move fast. We move first.

Editor's Picks

Best Brokers in 2026