TRENDING:

GBP/USD

XAU/USD

Forex Today: Trade war and Brexit remain in the spotlight

FXStreet Team FXStreet

Here is what you need to know Monday, November 18th:

Trade tensions between the US and China remain the same, despite comments from US officials suggesting they are about to clinch a trade deal. On Friday, Trump’s advisor Kudlow said that the arrangement is in its “final stages,” while US Commerce Secretary Wilbur Ross, later added that a trade deal would be done “in all likelihood, sending Wall Street to record highs, and the dollar down.
Nigel Farage, the Brexit Party leader, decided to step down from 43 additional constituencies where Labour won, facilitating the way for a Conservative majority. Sterling jumped on the headlines which lift chances of the upcoming Parliament passing Johnson’s Brexit deal.
UK PM Johnson said over the weekend that all Conservative Party candidates have pledged to back his Brexit deal. The headline should keep GBP/USD on the winning side at the weekly opening.
US Treasury yields recovered just modestly on Friday, anyway underpinning USD/JPY. Appetite for safe-haven assets decreased.
Crude oil rallied Friday and settled at the highest in almost two months, amid concerns about global demand and decreasing US drilling rigs. The Baker Hughes report showed that the number of active rigs decreased to 674 last week.
Cryptocurrencies posted modest recoveries over the weekend.

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 extends slide below 1.1700

The EUR/USD pair nears its weekly low at around 1.1660 in the American session on Tuesday, retreating from the 1.1750 price zone tested earlier in the day. Cautiously optimistic markets support the US Dollar in the near term.

GBP/USD consolidates around 1.3500; looks to US macro data for fresh impetus

The GBP/USD pair oscillates in a narrow range, around the 1.3500 psychological mark during the Asian session on Wednesday, and for now, seems to have stalled the previous day's retracement slide from its highest level since September 18. Moreover, the fundamental backdrop seems tilted in favor of bullish traders and suggests that the path of least resistance for spot prices is to the upside.

Gold sees profit-taking decline after facing rejection at $4,500

Gold price sees a decline on profit-taking after facing rejection at $4,500 in the Asian trading hours on Wednesday. Despite the pullback, the traditional safe haven remains underpinned by geopolitical tensions and expectations of Fed rate cuts. The US ADP Jobs data, JOLTS Job Openings Survey and ISM Services Purchasing Managers Index report will be published on Wednesday.

Pump.fun prepares for early-year rally as DEX volume skyrockets

Pump.fun (PUMP) is rising alongside crypto majors such as Bitcoin (BTC) and is trading above $0.002400 at the time of writing on Tuesday. The Decentralized Exchange (DEX) native token outlook builds on a bullish tone developed since December 30.

Implications of US intervention in Venezuela

Events in Venezuela are top of mind for market participants, and while developments are associated with an elevated degree of uncertainty, we are not making any changes to our markets or economic forecasts as a result of the deposition of Nicolás Maduro.

Cardano holds steady as bulls intensify push for breakout

Cardano rises above the 50-day EMA resistance amid a risk-on mood across the crypto market. The MACD upholds positive divergence, increasing the potential for a 20% breakout to $0.505.

Legal Text

Markets move fast. We move first.

Editor's Picks

Best Brokers in 2026