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RBNZ cut cash rate by 25bps to 2.25% in a 5-1 vote, with one member preferring no change. OCR track now troughs at 2.20% in H1-2026, above market pricing, as RBNZ signals no further easing.

Fundamental
Overview

The USD weakened across the
board yesterday following soft
ADP data and a Bloomberg
report saying that Hassett emerged as the frontrunner for the Fed Chair position.

The greenback was already
under some pressure caused by Fed’s
Williams endorsement for a December cut on Friday. The probability for a
December cut is now at 76%, which generally makes it a done deal.

We won’t get much data
before the FOMC meeting, so the focus will likely be mainly on jobless claims
and ADP data. Weak data should keep weighing on the greenback, while strong
data could provide some short-term support. At the end of the day though, it’s all
about the FOMC decision and the following NFP and CPI reports.

On the EUR side, nothing
has changed fundamentally. The ECB policymakers continue to repeat that the
current policy is appropriate and that they won’t respond to small or shot-term
deviations from their 2% target. The recent Eurozone data has been supporting
the central bank neutral stance.

EURUSD Technical
Analysis – Daily Timeframe

On the daily chart, we can
see that EURUSD has been trading in a wide range between the 1.17 and 1.15 levels.
There’s not much we can glean from this timeframe, so we need to zoom in to see
some more details.

EURUSD Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see that we have a strong resistance zone around the 1.1590 level. This is
where the sellers are stepping in with a defined risk above the resistance to
position for a drop back into the 1.1550 level. The buyers, on the other hand,
will want to see the price breaking higher to increase the bullish bets into
the 1.1670 level next.

EURUSD Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, there’s not much else we can add here but if we get a
pullback into the 1.1550 level, we can expect the buyers to step in there with
a defined risk below the 1.1540 level to position for a rally back into the resistance.
The sellers, on the other hand, will look for a break below the 1.1540 level to
increase the bearish bets into new lows. The red lines define average daily range for today.

Upcoming
Catalysts

Today we get the latest US Jobless Claims figures. Tomorrow, we have the
US Thanksgiving holiday which is likely to make the final part of the week more
rangebound. Finally, on Friday we conclude the week with the preliminary
inflation data from the major Eurozone economies.

This article was written by Giuseppe Dellamotta at investinglive.com.

• Eurostoxx +0.6%
• Germany DAX +0.5%
• France CAC 40 +0.5%
• UK FTSE +0.2%
• Spain IBEX +0.4%
• Italy FTSE MIB +0.4%

This comes with US futures also sitting higher after the bustling gains from Wall Street yesterday. S&P 500 futures are seen up 0.4% with tech shares holding up. This week is seeing a bit of a shift from Nvidia to Google but all in all, the AI bubble holds intact with both the S&P 500 and Nasdaq bouncing off their respective 100-day moving averages since Friday last week. Coming up later today, the US weekly jobless claims will be one to watch before the Thanksgiving break comes along tomorrow.

This article was written by Justin Low at investinglive.com.

For the quarter ended October 2025, Urban Outfitters (URBN) reported revenue of $1.53 billion, up 12.3% over the same period last year. EPS came in at $1.28, compared to $1.10 in the year-ago quarter.

For the quarter ended October 2025, Urban Outfitters (URBN) reported revenue of $1.53 billion, up 12.3% over the same period last year. EPS came in at $1.28, compared to $1.10 in the year-ago quarter.

Now in its third year, the TMGM and Chelsea FC collaboration continues to grow, deepening engagement across Asia-Pacific and beyond.

TMGM and Chelsea Football Club are proud to mark the start of the third year of their successful partnership, which began in 2023. As Chelsea’s Official Regional Online Forex and CFD Trading Partner in the Asia-Pacific region, TMGM continues to deepen engagement opportunities for fans and traders.

Since 2023, the TMGM-Chelsea FC partnership has been grounded in shared values of precision, excellence, and strategic thinking. The partnership platform “Precision in Every Move” draws powerful parallels between the strategic discipline required in both football and financial trading. The campaign message “Ride the Bulls, Face the Bears, Trade like a Lion” captures the courage and confidence that both TMGM and Chelsea FC embody in their respective fields.

Reflecting on Two Years of Partnership

Over the past two years, the partnership has showcased the power of collaboration between elite football and global trading.The TMGM x Chelsea Gala brought the magic of Chelsea FC to Malaysia in 2024, creating an unforgettable evening for clients and fans that showcased the partnership’s ability to deliver world-class experiences.TMGM also supported The Famous CFC Kuala Lumpur fan engagement activity, connecting with local supporters, and served as one of the official partners of Chelsea’s prestigious Player of the Year Awards event in London last season, cementing its position within the club’s most important traditions.

Building on this momentum, TMGM has continued to deliver lasting value to its clients through exclusive VIP experiences, including behind-the-scenes access to the Cobham Training Ground, premium matchday hospitality at Stamford Bridge, and unique engagement opportunities with Chelsea FC players.Several players also participated in TMGM’s “Precision in Every Move” campaign, creating authentic content that resonated deeply with audiences across the Asia-Pacific region. These initiatives reflect the shared commitment of both brands to performance, discipline, and excellence.

Looking Ahead to Year Three

As the partnership enters its third year, both TMGM and Chelsea FC remain committed to delivering enhanced value through comprehensive activation programs that bring together the best of elite football and global trading.

Nick Yang, TMGM’s Chief Commercial Officer, reflected on the partnership’s progress: “Entering our third year with Chelsea FC is a testament to the strength of our collaboration. Chelsea embodies the precision, strategic thinking, and excellence that define our approach to trading. The activations we delivered from the Gala in Kuala Lumpur, Malaysia, to training ground access and the Player of the Year Awards partnership have created unforgettable experiences for TMGM clients and Chelsea fans across the Asia-Pacific region. We’re excited to build on this foundation in year three.”

Dan McEwan, Chelsea Football Club’s Partnerships Director, commented: “We are pleased to continue our partnership with TMGM. As a partner, they have consistently delivered initiatives that bring our fans and their clients closer to the action. From standout events such as the Gala in Kuala Lumpur to unique experiences across the Asia-Pacific region, TMGM has demonstrated a strong commitment to creating meaningful connections through football. We look forward to building on this success and continuing to deliver memorable moments for fans and clients alike.”

About TMGM

TMGM is a leading global provider of online trading and investment services, operating under the brand promise “Trade the World.” With a strong focus on regulatory compliance, technological innovation, and exceptional customer service, TMGM empowers traders to access global markets, seize opportunities, and achieve their financial goals in a secure and user-friendly trading environment.

TMGM enables investors to manage their investment portfolios through CFD trading opportunities across seven asset classes, with access to hundreds of products, including Forex, Shares, Precious Metals, Energies, and Indices.

As a reliable CFD trading provider with offices on three continents, TMGM generates a monthly turnover exceeding US$374 billion. For more information, visit www.tmgm.com.

About Chelsea Football Club

Chelsea Football Club is one of the top football clubs globally, and our men’s team is the reigning world champions, having won the four-yearly FIFA Club World Cup in 2025.

We had previously won the 2021 edition of the competition, which was held in 2022 due to the pandemic, and that success was followed by winning the UEFA Champions League for a second time.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has also won the Premier League five times, the FA Cup eight times, the Football League Cup five times, the UEFA Europa League twice, the UEFA Cup Winners’ Cup twice, the UEFA Super Cup twice, and the Football League Championship once, in 1955.

The 2021 Champions League and Super Cup triumphs ensured Chelsea became the first club to win four major UEFA club competitions twice, following our earlier successes in those two competitions as well as the Europa League and Cup Winners’ Cup. Having added the UEFA Conference League in 2025 when Real Betis were beaten in the final, the Blues are the only club to have won all the current UEFA club competitions.

The Chelsea Women’s team has enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup three times, as well as reaching the UEFA Women’s Champions League final in 2021. In the 2020/21 and 2024/25 seasons, a domestic treble of trophies was secured.

In addition to possessing some of the world’s most recognisable players, Chelsea has also invested in our future with a state-of-the-art Academy and training centre in Cobham, Surrey. Since the Academy building’s opening in 2008, the club has won seven FA Youth Cups, back-to-back UEFA Youth League titles in 2015 and 2016, and the U23 and U18 Premier League national championships most recently in 2019/20 and 2017/18, respectively.

The Chelsea Foundation boasts one of the most extensive community initiatives in sports, helping to improve the lives of children and young people worldwide.

This article was written by IL Contributors at investinglive.com.

Markets There was action on all fronts yesterday. Let’s start with geopolitics. Ukrainian President Zelensky said that negotiations on a truce remained ongoing after headlines that Ukraine agreed to the US-brokered peace deal. Markets nevertheless reacted positively (equity, EUR, CE FX up; gas/oil down), embracing the progress made since high-level Geneva talks over the weekend. […]

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GBP/JPY gains nearly 0.25% after registering modest losses in the previous session, trading around 206.00 during the early European hours on Wednesday. Traders await the United Kingdom (UK) Chancellor of the Exchequer, Rachel Reeves, to deliver the Autumn Budget later in the day.

GBP/JPY gains nearly 0.25% after registering modest losses in the previous session, trading around 206.00 during the early European hours on Wednesday. Traders await the United Kingdom (UK) Chancellor of the Exchequer, Rachel Reeves, to deliver the Autumn Budget later in the day.