In November, the Consumer Price Index (CPI) in the Netherlands went down to 2.9%, down from 3.1% last month. At the same time, Chainlink is stable, trading around $13.70. The network is supported by decreasing exchange reserves and new integrations. The global economic outlook for 2026 seems resilient, despite a slowdown expected in 2025. However, there are increasing risks that could impact the global economy and credit market in the medium term.

Euro And US Dollar Dynamics

The EUR/USD pair is around 1.1650 as traders wait for US job data. The possibility of a US interest rate cut is helping to keep this pair strong. Traders are focused on the US ADP Employment Change and Jolts Job Openings for September and October. The GBP/USD pair is attracting buyers and moving towards 1.3350 during European trading. Currency changes are driven by a weaker US Dollar and expectations for US employment data. Gold is trading at a one-week low of about $4,170, continuing its downward trend for the third day. This drop is linked to positioning ahead of the upcoming FOMC policy meeting, with investors keeping an eye on economic forecasts.

Market Anticipations And Opportunities

The key market driver in the coming days is the expected US interest rate cut. This expectation is pushing the US Dollar lower, and we are gearing up for opportunities surrounding this event. We have noted a consistent decline in US employment data over recent times. This trend suggests that the job market is softening, which could give the Federal Reserve reasons to lower rates this week. For currency traders, buying EUR/USD and GBP/USD is a top priority. The EUR/USD pair is around 1.1650, but the recent drop in Dutch inflation to 2.9% indicates that Eurozone disinflation is also essential to consider. The GBP/USD pair is nearing 1.3350 and is reacting mainly to the weak dollar. Gold’s drop to a one-week low of about $4,170 appears to be a positioning shift ahead of the Fed’s decision. We see this as a buying chance since a confirmed rate cut should limit further declines. Gold has historically done well during Fed easing cycles, as seen in 2019. In the digital asset space, we are watching Chainlink for a breakout. The price is steady at $13.70, but more importantly, the amount of LINK held on exchanges is at a 16-month low. This suggests that investors are holding for the long term, reducing selling pressure and setting the stage for a potential price increase. Despite these short-term opportunities, we must acknowledge the rising risks to the global economy for 2026. The current market strength might not last, and concerns about public debt and the financial system remain. Any market upticks could be temporary in this larger context. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now