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This article was written by Eamonn Sheridan at investinglive.com.

GBP/USD accelerated into a fifth straight winning session on Wednesday, gaining another 0.55% on the day and pushing through the 1.3200 handle.

New Zealand November business confidence 67.1%, the highest in 11 years

• prior 58.1%

Business activity 53.1%

• prior 44.6%

New Zealand posting solid numbers yet again.

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Earlier:

• RBNZ’s Hawkesby says policy now stimulatory but warns on global independence risks
• New Zealand Q3 retail sales show huge jump, much improved from Q2

The news from yesterday has lifted the NZD:

• investingLive Asia-Pacific FX news wrap: AUD up (high CPI), NZD up (rate cut), JPY up (BoJ
• investingLive Americas FX news wrap 26 Nov:NZD soars on Hawkish Cut/GBP rallies on budget

This article was written by Eamonn Sheridan at investinglive.com.

The post Eco Data 11/27/25 appeared first on Action Forex.

New Zealand ANZ Business Confidence rose from previous 58.1 to 67.1 in November

Overnight, shares of artificial intelligence player Oracle boosted major U.S. averages after Deutsche Bank reaffirmed its bullish stance on the name.

Japan is preparing to significantly expand short-tenor bond issuance to help fund its latest economic stimulus package, according to officials speaking to Reuters. The government plans to boost issuance of two- and five-year Japanese government bonds (JGBs), lifting total scheduled JGB sales for the fiscal year through March by roughly ¥7 trillion from the current ¥171.8 trillion target. Longer-dated supply, 10-, 20-, 30- and 40-year bonds, will remain unchanged.

The revised funding plan also includes an additional ¥6 trillion in treasury discount bills to strengthen near-term financing capacity. Monthly issuance of two- and five-year JGBs is expected to rise by ¥100 billion each from January. The proposal will be presented to primary dealers on Thursday before going to cabinet for approval on Friday, alongside the extra budget tied to the stimulus programme.

This article was written by Eamonn Sheridan at investinglive.com.

The Wall Street Journal reports that President Trump privately urged Japan’s Prime Minister Sanae Takaichi to soften her rhetoric toward China after she came out forcefully on Taiwan.

According to people familiar with the call, Trump encouraged Takaichi to “lower the tone” in order to avoid inflaming tensions with President Xi Jinping at a delicate moment in U.S.–China–Japan relations. The exchange underscores the geopolitical sensitivity surrounding Taiwan, where Japan’s vocal support has drawn Beijing’s ire, and highlights Washington’s ongoing efforts to manage allied messaging as it navigates its own strategic competition with China.

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Some background on this for weeks ago, this issue is not going away:

• China State Media: China Pres. Xi and US Pres. Trump held call

This article was written by Eamonn Sheridan at investinglive.com.

For all the worries about a bubble in U.S. AI spending, capital flows into China’s tech sector is far less, pushing startups to do more with less.

Deutsche Bank has lifted its 2026 gold forecast, citing a rare alignment of structural and technical forces that continue to push the metal beyond historical patterns.

• The bank now expects gold to reach US$4,450/oz in 2026, up from its previous US$4,000/oz projection,
• and sees the trading range widening to US$3,950–4,950/oz.

Analysts said gold’s performance is increasingly breaking from long-standing norms, noting that its outperformance relative to the US dollar now rivals a record set only last year. They also highlight that the projected 2025 trading range is the widest since 1980, a signal of elevated two-way volatility and persistent structural demand.

Deutsche Bank points to several supportive factors.

• Investor flows have stabilised,
• technical signals suggest the positioning clean-out is complete,
• and third-quarter supply-demand data shows central banks remain significant net buyers.

Structural demand remains “inelastic,” the bank said, with continued reserve-manager accumulation and ETF allocation diverting supply away from jewellery markets at a time when overall demand continues to outpace available supply.

However, the bank emphasised that risks remain.

• Gold’s tendency to trade positively with risk assets means a deeper equity-market correction could be damaging.
• Deutsche Bank’s house view also anticipates less Fed easing in 2026 than markets expect (–50bps versus –93bps), which would temper the bullish case.
• A negotiated end to the Russia-Ukraine war could temporarily weigh on prices, and reserve managers may eventually slow their pace of buying. Historically, sharp increases in real gold prices have often been followed by significant retracements.

This article was written by Eamonn Sheridan at investinglive.com.