Shutdown Risks, Tariff Relief Shape FX Moves | Forex Factory

  • Shutdown Risks, Tariff Relief Shape FX Moves

    From monetamarkets.com

    Global markets traded mixed on Tuesday as investors assessed the implications of a potential U.S. government shutdown and fresh signs of easing trade tensions between the world’s two largest economies. The U.S. Dollar firmed modestly amid safe-haven demand, while the British Pound and New Zealand Dollar fell sharply on weak domestic fundamentals. Meanwhile, China’s pledge to lift tariffs on certain U.S. agricultural imports added a dose of optimism to trade-sensitive currencies and commodities. Gold extended its gains above $4,000 as investors sought safety amid concerns that the ongoing U.S. government shutdown ... (full story)

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yudhasby
Nov 5, 2025 12:36am
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Selling gold
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ZforexCM
Nov 5, 2025 1:10am
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Gold Gains as Shutdown Fuels Uncertainty

Gold (XAU/USD) advanced above $3,950 in early Asian trading on Wednesday, supported by safe-haven demand as the U.S. government shutdown adds to geopolitical uncertainty. However, gains may be limited by profit-taking and a stronger U.S. Dollar. Markets now look to the U.S. ADP employment report and ISM Services PMI for further signals on the Federal Reserve’s policy outlook.

From a technical perspective, support is around 3900, and resistance is at 3990.

R1: 3990 S1: 3900
R2: 4070 S2: 3840
R3: 4140 S3: 3780
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