GBP steady on the day – Scotiabank

EUR/USD now loses traction and slips back to the area of daily lows near 1.1630 on the back of the incipient recovery on the US Dollar. On the data front, the ADP weekly report surprised to the upside in the week to November 15 (+4.75K jobs).

GBP/USD is now facing renewed selling pressure and is giving away initial gains, trading at shouting distance of the 1.3300 region amid some pick up in the demand for the Greenback post-ADP data.

Gold maintains its bid bias on Tuesday, although it is now losing some momentum in response to the modest bounce in the US Dollar following firmer prints from the weekly ADP data. Meanwhile, investors continue to see the Fed lowering its interest rates on Wednesday. 

The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the US Bureau of Labor Statistics. Market participants anticipate that Job Openings reached 7.2 million in October.

The global and European economies have been resilient in recent years even accounting for the modest global slowdown of 2025. But risks for the recovery are rising, underscoring a negative medium-run global macro and credit outlook.

Chainlink (LINK) began the week on a stable footing, trading around $13.70 at the time of writing on Tuesday, holding above a key support zone. Growing ecosystem activity from declining exchange reserves to a wave of new integrations continues to strengthen the network’s fundamental outlook.