Canada and India revive stalled talks for major new trade deal.Canada and India have agreed to restart negotiations on a comprehensive trade pact, ending a two-year freeze triggered by a diplomatic dispute.

Oil News: Crude Oil Futures Flash Weekly Bearish Signal as Demand Remains Fragile.Russian supply returns quickly, China boosts stockpiles, and mixed U.S. inventory data keep crude under pressure with a bearish weekly outlook.

Crude Falls with Market Sentiment, Supply Risks Persist.Market risk sentiment weakened throughout the previous week across indices, cryptocurrencies, and commodities, reflecting a broader pullback from record highs:

Japanese Yen Outlook: USD/JPY jump mirrors JGB selloff and rising fiscal unease.Japan's fiscal outlook has been one factor behind the yen's slide, with long-end JGB yields hitting record highs as traders grow uneasy about the scale of potential new borrowing. The move has added to existing pressures on the currency, including softer growth sentiment from the China spat.

Japanese Yen Weekly Forecast: USD/JPY Edges Higher Before Key Japan Data.USD/JPY ended higher as BoJ hike bets, wage trends, and Tokyo inflation loom. Key Japan data and US inflation risks could drive sharp moves in the yen next week.

Week Ahead: Will Renewed Speculation of Fed Cut Next Month Cap the Greenback?.All of the G10 currencies weakened against the dollar last week, and six fell by more than 1%. With the help of an explicit threat to intervene by Japan's Ministry of Finance, the yen bounced almost 0.7% before the weekend and lifted off the 10-month low.

Fed Messaging Chaos Nudges Dollar Higher, Not Higher Enough.Global markets closed last week on an uncertain footing. While bears appeared to have an upper hand, the control was never firmly gripped.

Euro to Pound Forecast 2025-2026: Post-Budget Dip to 0.87, Rebound Next Year.Euro Price Rises Against Pound Ahead of UK Budget as UBS Sees Pullback Before 2026 Rebound The Euro to Pound (EUR/GBP) exchange rate closed the week at 0.878906, down 0.30%, but still holding close to recent highs after a month in which the pair pushed above 0.88 as investors priced a fiscal risk premium into Sterling ahead of the UK's... Exchange Rates UK - Exchange Rates and Foreign Exchange

Forward Guidance: Canada's Economy Steadied in Q3 After Trade-Led Contraction in Q2.We expect the Canadian economy grew an annualized 0.5% in Q3—a partial reversal of the 1.6% decline in Q2 when international trade disruptions plunged exports lower.

Brazil cenbank to offer $2 billion in dollar auctions with repurchase deal on Monday.The Brazilian central bank said on Friday it will offer up to $2 billion in two dollar auctions with repurchase agreements on Monday morning.

Natural Gas Price Forecast: Two-Day Consolidation Holds 10-Day – Eyes $4.81 Break.Natural gas consolidated Friday inside Thursday's range ($4.65–$4.80), briefly dipping below the 10-day average but closing above it.

Dollar Dynamics: USD Cup and Handle, USD/JPY Breakout and EUR/USD 1.1500.It was a week of strength for the US Dollar following last Friday's hold at key support of 98.98 in DXY. For three days this week the Dollar has edged higher while at a massive spot of resistance while tempting a larger breakout.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Retreat As U.S. Attempts To Negotiate Russia – Ukraine Peace Deal.Oil traders worry that Russian oil exports may increase in case the peace deal is secured.

USD/JPY Price Forecast: Momentum eases but trend structure stays firmly bullish.USD/JPY Price Forecast: Momentum eases but trend structure stays firmly bullish

United States Baker Hughes US Oil Rig Count came in at 419, above forecasts (418).United States Baker Hughes US Oil Rig Count came in at 419, above forecasts (418)

Crude Oil Weekly Price Forecast – Crude Oil Continues to Build a Range.Crude oil struggled this week as both WTI and Brent failed to hold early rallies, instead settling into well-defined trading ranges. With strong floors and firm resistance levels, markets appear poised for continued short-term range trading until a clearer catalyst emerges.

WTI Oil falls to one-month lows amid Ukraine peace talks, supply concerns.WTI Oil falls to one-month lows amid Ukraine peace talks, supply concerns

Rupee weakens past the 89/$1 level for the first time as RBI stops intervening.The Indian Rupee reached an all-time low against the US Dollar on Friday. It crossed the significant 89 per dollar mark for the first time.

October CPI has been canceled. November CPI will be released on November 18.Like the US employment report, the BLS is saying that the CPI report for October will NOT be released, and that the November report will be released on December 18. That is after the December FOMC rate decision on December 10.

United States Michigan Consumer Expectations Index above forecasts (49) in November: Actual (51).United States Michigan Consumer Expectations Index above forecasts (49) in November: Actual (51)

US PMI composite rises to 54.8, solid Q4 momentum but inflation pressures re-emerge.US business activity held firm in November, with the PMI Composite edging up from 54.6 to 54.8. The manufacturing index slipped from 52.5 to 51.9, while services climbed from 54.8 to 55.0.

United States S&P Global Manufacturing PMI below forecasts (52) in November: Actual (51.9).United States S&P Global Manufacturing PMI below forecasts (52) in November: Actual (51.9)

United States S&P Global Services PMI above expectations (54.8) in November: Actual (55).United States S&P Global Services PMI above expectations (54.8) in November: Actual (55)

United States S&P Global Composite PMI climbed from previous 54.6 to 54.8 in November.United States S&P Global Composite PMI climbed from previous 54.6 to 54.8 in November

Canada: Retail Sales Decline in September, Signal a Weak Start to the Holiday Season.Receipts at gas stations and fuel vendors rose for the first time in three months, up 1.9% m/m, though this was driven by higher gasoline prices – volumes were down 1.0% m/m.

Some Gains for the Dollar After a Stronger NFP.September's delayed payrolls came in more than double the consensus.

Williams Rekindles December Fed Cut Bets, Markets Scramble to Reprice.New York Fed President John Williams delivered the day's biggest surprise, signaling that he sees scope for another rate cut in the near term. As head of the New York Fed — a permanent FOMC voter and a traditional bellwether for committee consensus — his comments dramatically shifted the policy conversation.

USDJPY Gains Extend to Yearly Highs.From a long-term perspective, the high-timeframe structure on the DXY remains intact as it holds a bullish rebound from the lower boundary of a channel extending from the 2008 lows, underscoring the strength of a 17-year support zone near 96.

CAD steady on the day – Scotiabank.CAD steady on the day – Scotiabank

Weak risk mood underpins USD – Scotiabank.Weak risk mood underpins USD – Scotiabank