Xeris Biopharma (XERS) announces Q3 earnings per share meeting expectations, showing improvement from last year’s loss
Xeris Biopharma reported quarterly earnings per share (EPS) that broke even, matching the Zacks Consensus Estimate of $0.01. This is an improvement compared to a loss of $0.06 per share last year. However, it resulted in an earnings surprise of -100%, while the previous quarter had a positive surprise of +66.67%.
For the quarter ending September 2025, Xeris Biopharma generated revenues of $74.38 million, slightly above the consensus estimate by 0.04%. This revenue increased from $54.27 million in the previous year.
Since the beginning of the year, Xeris Biopharma shares have surged by about 191.2%, while the S&P 500 index only increased by 15.6%. Before this earnings report, the company’s earnings estimates were downgraded, resulting in a Zacks Rank #4 (Sell) for the stock.
The current estimate for the next quarter’s EPS is $0.05, with revenues projected at $81.18 million. For the current fiscal year, the estimate is -$0.01 on revenues of $287.18 million. Another company in the same industry, Assertio, is expected to report a quarterly loss of $0.08 per share, reflecting a year-over-year change of -166.7%, alongside expected revenues of $26.9 million, which is down 7.9% from last year.
The latest earnings report from Xeris Biopharma gives mixed signals. While there was a narrow miss on EPS, revenue topped expectations. The break-even outcome, versus a forecasted profit of one cent, has raised concerns after the stock’s significant 191% increase this year. Currently, implied volatility for XERS options is high, indicating that the market expects a big price movement soon.
For those skeptical about the stock’s performance, this earnings miss might trigger a price correction. Historically, after a large gain, even a small disappointment can lead to profit-taking. Buying put options with strike prices 5-10% below the current market price could be a strategy to take advantage of a possible downturn, especially if management provides cautious guidance in the earnings call.
Conversely, the impressive 37% year-over-year revenue growth presents a strong bullish argument. This growth suggests there is solid demand for the company’s products, which could outweigh the small earnings miss. Selling cash-secured puts might be an appealing way to earn premium from the heightened volatility, as strong sales could prevent a significant price drop.
Given the uncertain outlook from the upcoming management commentary, a non-directional strategy might be advisable. A similar situation occurred with Assertio (ASRT) during its Q1 2025 report when the stock moved over 15% after the earnings call. Utilizing a long straddle—where both a call and a put option are purchased—could allow a trader to benefit from a large price swing in either direction after the call.
Amid US fiscal uncertainties, silver’s price rises to around $48.40 due to investment inflows.
Silver prices are currently rising due to ongoing uncertainty in the US government and increased demand for safe investments. This upward trend is supported by central banks buying more silver and a notable increase in ETF investments. However, the Federal Reserve’s cautious approach to monetary policy is creating some challenges for the price of silver, as it impacts the value of the US Dollar.
Right now, silver is trading at about $48.40, which is a 0.60% daily increase. This growth comes as the US government faces a long shutdown, now stretching into its sixth week. Such political turmoil makes silver, alongside gold, a more attractive option for those seeking safe investments.
The US Dollar Index has slightly fallen, dipping below 100 after a recent peak. Mixed economic reports, including strong data from the ADP Employment Change and ISM Services PMI, complicate predictions for the Federal Reserve’s next moves.
Even though the chances for a rate cut in December have reduced, silver remains appealing. Ongoing geopolitical issues and the fiscal landscape are supporting its popularity. The World Gold Council notes that global demand for precious metals is strong, driven by significant ETF investments and central bank purchases.
In the near term, we might see smaller gains as the market awaits further direction from the Federal Reserve. Still, silver is expected to maintain support above $48 due to consistent investments and ongoing political challenges.
As the government shutdown continues into its sixth week, silver’s role as a safe haven strengthens. This political uncertainty drives us to consider purchasing call options. This strategy allows us to profit from potential price increases while limiting our maximum risk to the premium paid.
Recent reports show a surge in investment demand, with global silver-backed ETFs increasing by over 35 million ounces in the last quarter. This steady inflow acts as a safety net for silver prices, making it attractive to sell cash-secured puts below $47 to earn some premium. We anticipate this price level will hold strong, thanks to institutional buying interest.
Looking ahead from 2025, this government shutdown is now the longest in history, surpassing the 35-day deadlock from 2018-2019. In the past, such extended periods of fiscal uncertainty have led to significant gains in precious metals following a resolution. This suggests we should expect ongoing price fluctuations, making options premiums potentially more appealing.
Additionally, the Gold/Silver ratio is around 85:1, significantly higher than the century average of 68:1. This indicates that silver is still undervalued compared to gold, suggesting more potential for growth. Hence, long silver futures contracts could be an enticing, though riskier, option for those expecting a price correction.
Even with the Federal Reserve’s cautious position, we shouldn’t overlook the demand for silver in industrial applications. Projections from The Silver Institute indicate that industrial usage could hit a record 690 million ounces this year, driven by the growing production of solar panels and electric vehicles. This fundamental demand supports silver prices, suggesting that any price drops linked to a stronger dollar should be seen as buying opportunities.
Austan Goolsbee from the Chicago Fed comments on CNBC about slight cooling in the labor market and ongoing inflation.
Austan Goolsbee, President of the Federal Reserve Bank of Chicago, mentioned a slight cooling in the labor market while the unemployment rate stays steady. He warned against depending too much on current payroll numbers to judge market health and raised concerns about thinking of inflation as a short-term issue.
Despite strong consumer spending and growth, Goolsbee identified risks in the market, highlighting a low hiring rate as a key weakness. He advised caution about continuing to cut interest rates, noting limited private sector insights into inflation.
Currency Performance
The US Dollar performed unevenly against major currencies, falling by 0.46% against the Euro and 0.53% against the British Pound. The Canadian Dollar showed the most weakness compared to the US Dollar. Additional insights cover the market and broker outlook for 2025. Different broker categories were reviewed, focusing on services with low spreads, high leverage, and specific regional expertise. FXStreet emphasized that the provided information is for informational purposes only and should not be taken as investment advice. Readers bear all risks associated with this information, highlighting the importance of thorough personal research. The Federal Reserve is becoming uncomfortable with its rate-cutting plans. Strong consumer spending and persistent inflation, which has mostly stayed above 3% in 2025, are causing officials to be cautious. This uncertainty indicates that the future of interest rates is unclear.Market Uncertainty
The labor market is complex, with a significant cooling in hiring being a major concern. We noticed a similar trend in late 2023 when the rate of job openings fell to its lowest level in over two years, signaling carefulness from employers. This “low hiring, low firing” situation points to business uncertainty rather than an imminent recession. Given the Fed’s hesitance, we should consider derivatives that could benefit if the market’s expectations for further rate cuts diminish. Options on SOFR futures might be a direct way to prepare for a hawkish pause by the central bank. A strategy like buying puts on contracts predicting aggressive cuts for early 2026 could be effective. The recent decline of the US Dollar against the Euro and Pound may be exaggerated. With the Fed hinting at a pause, we could see the dollar strengthen again, especially as the European Central Bank appears more open to rate cuts this year. We should think about buying call options on the USD against currencies whose central banks are likely to ease policies further. The recent 400-point drop in the Dow, mainly driven by a selloff in tech stocks, shows the market’s sensitivity to interest rates. If the Fed maintains its stance, we can expect more volatility in growth-focused sectors that depend on cheaper borrowing. Buying call options on the VIX index is a simple way to protect against or profit from a market downturn. Gold’s price near a record $4,000 an ounce is mainly due to its safe-haven appeal amid concerns of a US government shutdown. However, a strong stance from the Fed would likely boost the US dollar, presenting challenges for gold prices. We should consider buying put options on gold ETFs as a hedge against a potential price drop if hopes for rate cuts fade. Open your live VT Markets account and start trading today.After the Bank of England kept interest rates at 4%, the British Pound stabilizes against the Yen
GBP/JPY remains steady above 201.00 after the Bank of England (BoE) kept interest rates at 4%. The decision came from a tight 5-4 vote, where four members proposed a 25 basis point cut.
The British Pound gained slightly against the Japanese Yen after the interest rates were announced. At that time, GBP/JPY was around 201.18, up from a low of 200.65 following the BoE’s statement.
Inflationary Pressures Decrease
The BoE reported that inflationary pressures are easing due to slow wage growth and weak consumer demand. In September, the Consumer Price Index (CPI) was at 3.8%. It is expected to drop to 3% early next year and approach the 2% target by 2027. Even with a softening approach, the BoE emphasized that any future rate cuts will be gradual and based on data. The forecast suggests limited GDP growth through the end of the year, impacted by high borrowing costs and a high saving rate. Governor Bailey pointed out that economic activity is below potential and the job market is slowing down. The difference in policies between the BoE’s slight rate cut and the Bank of Japan’s (BoJ) unchanged 0.50% rate supports the British Pound’s strength over the Japanese Yen. The BoE’s choice to maintain rates at 4% with such a close vote marks a turning point. The likelihood of rate cuts in the coming months is now clearer. The close division in the committee implies that the first cut might occur sooner than expected, possibly in early 2026.Interest Rate Dynamics
This cautious stance is backed by weak economic data; recent figures from the Office for National Statistics (ONS) show that UK wage growth slowed to 4.2% in October 2025. This is a significant decrease from the over 8% highs seen in mid-2023. Slower wage growth lessens inflationary pressures, giving the BoE more flexibility with policy changes. Conversely, the BoJ is facing different challenges, with signs of possible tightening. Japan’s nationwide core CPI for October 2025 was at 2.9%, staying above the BoJ’s 2% target for over a year. This growing pressure on the BoJ to raise rates stands in contrast to the BoE’s situation. For derivative traders, this uncertainty suggests that implied volatility in GBP/JPY may be underestimated. Buying put options that expire in the first quarter of 2026 could be a wise strategy to prepare for a potential policy change. This approach offers a way to profit if the BoE cuts rates sooner than the market anticipates. Although the 3.5% interest rate difference currently supports the carry trade, its attractiveness is declining. Traders with long GBP/JPY positions should think about hedging their exposure. Using forward contracts to secure an exchange rate near the current 201.00 level could help safeguard profits from a sudden decline. Create your live VT Markets account and start trading now.Bank of England Governor Bailey discusses policy outlook and keeps bank rate at 4%
The Bank of England has kept its policy rate at 4% following the November meeting. Governor Bailey emphasized the need for a steady decline in inflation before considering rate cuts. The forecast indicates that rates may decrease gradually, provided there isn’t a sudden rise in prices.
Recent Inflation Data
UK inflation recently dipped slightly below expectations, but we need more data to ensure a steady move towards the 2% target. There are concerns about second-round effects from increasing food and energy prices. The Bank of England anticipates that CPI inflation will drop below 2% by mid-2027. Currently, economic activity in the UK is below potential, with job vacancies falling and employment growth stalling. Growth forecasts are modest, and GDP growth predictions have been slightly revised for the next few years. Fiscal challenges are also present, with possible tax increases ahead. After the BoE’s announcement, the GBP/USD exchange rate pulled back from highs. The British Pound gained strength against several currencies but is still weaker than the New Zealand Dollar. The focus is shifting to future Bank of England discussions and potential rate changes that could impact the British Pound. The Bank of England maintained its 4% policy rate, but what’s notable is the tight 5-4 vote, indicating a significant division. Four members supported an immediate cut, suggesting the committee leans towards lowering rates in the future. We should prepare for a possible rate cut in early 2026 if upcoming data shows further economic decline.Outlook For UK Interest Rates
Given this situation, we should brace for lower UK interest rates in the coming months. The market is already pricing in a gradual decline, which the Governor termed a “reasonable view.” However, the divided vote indicates cuts may come sooner than expected. This makes it wise to consider locking in fixed rates on UK interest rate swaps or buying short-sterling futures for early 2026. This dovish outlook is backed by recent economic data. The Office for National Statistics reported that UK inflation dropped to 3.6% in October 2025, continuing the easing trend from September’s 3.8%. Looking at the past, UK GDP growth has been largely flat throughout much of 2024 and early 2025, so with the economy operating below potential, there will be increasing pressure on the Bank to boost growth. For the pound, this creates a tough environment, especially against the US dollar. We can expect the GBP/USD pair to face strong resistance around the 200-day moving average at about 1.3250. Traders might consider buying GBP/USD puts with a strike price below the crucial 1.3000 level to prepare for a possible downturn. The BoE’s cautious stance contrasts with that of the US Federal Reserve, which has maintained a stricter approach against inflation. Recently, Fed officials mentioned they see no immediate need for rate cuts, leading to a policy divergence that favors the dollar. Historically, such divergences, like one seen in 2022, have preceded prolonged periods of weakness for sterling. The clear divide within the Monetary Policy Committee indicates ongoing uncertainty for the next few months. This may mean that sterling volatility could be underestimated, presenting an opportunity for options traders. We think strategies favoring rising volatility, like long straddles, could work well around significant upcoming events. Looking ahead, the next major event will be the government’s budget announcement in three weeks. Chancellor Reeves has warned of “hard choices,” and any significant fiscal tightening could increase pressure on the Bank of England to cut rates more aggressively to mitigate economic impacts. This will be the key event to watch as we adjust our positions. Create your live VT Markets account and start trading now.UK Governor Andrew Bailey discusses policy outlook after keeping rates at 4%
Bank of England Governor Andrew Bailey talked about future policy after keeping the interest rate at 4% during the November meeting. He highlighted some encouraging inflation data and introduced a new asset purchase plan.
Bailey discussed the shift to a reserve system that relies mainly on repos and recognized the significance of current UK data. He mentioned that some members of the Monetary Policy Committee, including himself, do not have a clear opinion on the final equilibrium interest rate.
Pound Sterling Overview
The Pound Sterling (GBP) is a widely traded currency, making up 12% of all foreign exchange transactions, with an average of $630 billion traded daily based on 2022 figures. Major trading pairs include GBP/USD, GBP/JPY, and EUR/GBP. The Bank of England’s (BoE) monetary policy significantly impacts the value of the Pound, aiming for a 2% inflation rate for price stability. The BoE uses interest rate changes as a tool; higher rates attract global investment, which boosts the GBP’s value. Economic data releases, such as GDP and PMIs, influence the Pound. A strong economy supports the Sterling by attracting foreign investments and raising interest rates. The Trade Balance also plays a role; a positive balance strengthens the currency. With the Bank of England holding rates at 4% and the expressed uncertainty, the next few weeks will depend on new data. The recent decline in headline inflation to 3.1% in October 2025 was a positive sign, but it is still above the 2% target. As a result, we should prepare for increased volatility in the Pound Sterling, especially around upcoming inflation and employment data.Market Sentiment and Strategy
The uncertainty from the central bank indicates that the market is vulnerable to rapid changes. The UK economy only grew by 0.1% in the third quarter of 2025, so any signs of weakness could bring forward expectations of rate cuts. We suggest using options strategies, like straddles on GBP/USD, to prepare for significant price shifts without taking a specific direction. Looking back at the sharp market changes during 2022-2023, it is clear how quickly market sentiment can shift when a central bank reacts to data. The Governor’s statement that he himself lacks confidence in the final interest rate shows this uncertainty. Therefore, we should treat any strength in the Pound as a chance to hedge, rather than expect a lasting rally. The current market curve, which the Bank considers “reasonable,” indicates a slow and gradual path for future rate adjustments, but this seems complacent. Implied volatility in short-sterling futures suggests traders expect more instability now than a few months ago, reflecting mixed signals from a tight labor market and slowing growth. We should be careful about holding large, unhedged positions in gilts or sterling futures. This environment also requires careful monitoring of fundamentals like the UK’s trade balance, which showed another deficit last month. A consistent deficit continues to put pressure on the Pound, making it vulnerable if global market sentiment weakens. For now, the smartest strategy is to use derivatives to manage risk and be ready to react to the next important UK data release, rather than trying to predict it. Create your live VT Markets account and start trading now.A weaker US dollar helps EUR/USD rise above 1.1500, despite concerns over Eurozone retail sales
The Euro has gained slightly against the US Dollar, rising above 1.1500. However, it has struggled to go past 1.1525 due to poor Retail Sales data from the Eurozone. Retail Sales dropped 0.1% in September when an increase of 0.2% was expected, following a 0.1% decline in August.
Strong employment and services data from the US reduced downward pressure on the Dollar, creating a more positive market outlook. The ADP Employment Report revealed that 42,000 new jobs were added in October, beating expectations. Additionally, the US ISM Services PMI increased from 50.0 to 52.4, indicating strong economic activity.
Federal Reserve Rate Cut Probability
The chance of a Federal Reserve rate cut in December decreased to 62%, down from 68% earlier in the week, reflecting growing confidence in the US economy. The final Eurozone Services PMI rose to 53.0 in October, showing improved corporate earnings in Europe. Q3 growth expectations have soared to 4.3%, well above the predicted 0.4%. The EUR/USD pair is currently correcting within a larger bearish trend, facing resistance near 1.1545. Key support levels to watch are at 1.1470, with further support around 1.1440 and 1.1390. The Euro’s value is influenced by various economic indicators and central bank policies, which dictate whether its value will rise or fall. As of November 6, 2025, we view the recent rise of the Euro as only a short-term correction, not a shift in the overall trend. The weak Eurozone retail sales data for September highlights ongoing issues in the region’s economy. Moreover, inflation data from October 2025 shows a slowdown to 2.9%, making it difficult for the European Central Bank to adopt a hawkish approach.Robust US Economy
In contrast, the US economy appears stronger, supported by the positive ADP employment and ISM Services data for October 2025. US inflation remains high, with the latest Consumer Price Index steady at 3.2%. This difference strengthens the likelihood that the Federal Reserve will keep interest rates higher for a longer time, which should benefit the US Dollar. We expect that the EUR/USD will trend downward in the coming weeks. Key support levels to monitor are around 1.1470, and a drop below this level could lead to further declines toward 1.1440. Any upward movement toward 1.1545 should be seen as a chance to sell. For derivative traders, it could be wise to buy put options on EUR/USD. Consider puts with a strike price near 1.1450 expiring in late November or December to take advantage of a potential decline. This strategy offers limited risk while allowing exposure to expected downward trends. Alternatively, selling out-of-the-money call options or using a bear call spread can generate income while wagering that the pair will not exceed key resistance levels. A spread with a short strike above 1.1550 aligns with technical analysis, which indicates strong selling pressure at that price. This approach benefits from both price drops and time decay if the pair moves sideways or downwards. This scenario echoes late 2023 and early 2024 when differences in policy between the Fed and the ECB led to significant strength for the Dollar. During that time, the market consistently underestimated the US economy’s strength compared to Europe. We may be seeing a similar trend now, making short Euro positions more attractive. Create your live VT Markets account and start trading now.Governor Bailey suggests that rates will probably continue to decline gradually as policy discussions proceed.
The Bank of England (BoE) decided to keep its policy rate at 4% during its November meeting. Governor Andrew Bailey mentioned that rates are likely to decrease gradually in the future. However, he emphasized that a clear drop in inflation is necessary before any rate cuts can be considered.
The BoE’s key goal is to ensure price stability. It does this by adjusting the base lending rates, which affects how attractive the Pound Sterling is to investors. When inflation rises above the target, interest rates typically go up, making the UK a more appealing place for foreign investments. Conversely, if inflation falls below the target, it suggests the economy is slowing, potentially leading to lower interest rates.
BoE’s Intervention Strategies
In extreme situations, the BoE uses Quantitative Easing (QE) to boost the flow of credit by buying assets, which can weaken the Pound. On the other hand, when the economy strengthens, the BoE uses Quantitative Tightening (QT) to stop bond purchases, which usually benefits the Pound Sterling. Bailey noted that September’s inflation peak was 0.2 percentage points lower than expected, cautioning about further effects from high food and energy prices. The BoE anticipates that rising non-wage labor costs will keep services price inflation from dropping soon. They project a possible half-point decrease in services price inflation by the second half of 2026, assuming there are no further increases in administered prices. Based on the Bank of England’s comments on November 6th, 2025, it looks like they are set to gradually ease monetary policy. Keeping the policy rate at 4% suggests a dovish hold, indicating that the next step will likely be a cut rather than an increase. This outlook points to a medium-term bearish trend for the Pound Sterling. This perspective is backed by recent economic data. The latest October Consumer Price Index (CPI) showed inflation easing to 4.2%, down from its peak in September, which supports the idea that price pressures are declining. Additionally, Q3 GDP data revealed a 0.1% contraction in the economy, putting more pressure on the central bank to spur growth.Market Implications for Traders
This difference in policy is evident when comparing the BoE to other central banks, especially the US Federal Reserve, which is maintaining a “higher for longer” approach. As a result, the interest rate gap between the UK and the US is likely to widen, which will likely lower the GBP/USD exchange rate. We saw a similar situation in late 2023 when expectations about rate changes were the main influence on currency markets. For derivative traders, this indicates a need to prepare for a weaker Pound in the upcoming weeks and into the first quarter of 2026. Buying put options on GBP/USD or setting up bearish risk reversals would align with this forecast. Futures traders might consider shorting the Pound against currencies from central banks that are more aggressive in raising rates. However, the word “gradual” suggests the Bank won’t rush its decisions, possibly keeping short-term volatility in check. This might make selling out-of-the-money call options on GBP an appealing strategy for those looking to profit while still favoring a bearish outlook. It’s essential to keep an eye on new wage and service inflation data; any surprising increase could postpone the first rate cut. This outlook also has clear consequences for UK interest rate markets. The “gradual downward path” serves as a clear signal to prepare for lower rates over the next year. SONIA futures are already pricing in about 50 basis points of cuts through 2026, a trend likely to continue unless data changes significantly. Create your live VT Markets account and start trading now.In October, the US saw 153,074 job cuts, significantly higher than the previous total of 54,064.
Central banks are currently in focus as the Bank of England has decided to keep its interest rate at 4%. A close vote hints at possible changes soon. The Federal Reserve is being cautious, aiming to lower inflation to 2% over the next few years while also wanting to support jobs.
Market responses include the EUR/USD pair dropping to 1.1520, even though it’s steady against a weaker US Dollar. On the other hand, the GBP/USD is fluctuating, retreating below 1.3100 after the Bank of England’s decisions and the strengthening of the US Dollar.
Gold And Market Movements
Gold has fallen below $4,000 per troy ounce, affected by a decrease in US Treasury yields. Recent market activity shows an increase in US Challenger Job Cuts, which rose to 153,074 in October, up from 54,064 earlier. Solana shows strength, trading above $160, boosted by rising retail interest. Oil prices have also declined, with WTI crude dropping below $59 as the market shifts its attention away from geopolitical issues. Risk sentiment is under review with upcoming central bank meetings that could influence currency trends, particularly for the Australian and British Pounds. Investors are keeping an eye on economic data and geopolitical events. The jump in Challenger Job Cuts to over 153,000 is alarming for the US economy. This is the highest figure since the spike in layoffs after the pandemic in early 2023, indicating a quicker-than-expected weakening of the job market. This data raises doubts about the strength of the job market and heightens fears of a recession.Federal Reserve Outlook
In light of this report, we expect the Federal Reserve will likely take a more cautious approach in the coming weeks. Fed officials have indicated that it may take two to three years to bring inflation back to their 2% goal. The weak job figures make additional interest rate hikes unlikely and open the door for potential rate cuts in the first half of 2026. This outlook is putting pressure on the US Dollar, making long positions in EUR/USD appealing as it approaches the 1.1520 mark. Considering options for volatility on the dollar might be wise, as a clear shift to a dovish position from the Fed could lead to sharp price movements. For now, it seems the dollar is likely to decline. Meanwhile, the Bank of England’s 5-4 vote to maintain rates at 4% signals a move toward easing. This is the tightest vote we’ve seen in over a year, making a December rate cut a real possibility. This fundamental weakness suggests that selling GBP/USD rallies below 1.3100 could be a good strategy. The sharp decline in WTI Crude Oil below $59 a barrel highlights concerns about a global economic slowdown and falling demand. We haven’t seen prices this low since the 2023 banking crisis, indicating the market is preparing for downturns. Derivative traders might consider buying put options on oil ETFs to profit from further price drops. Gold’s inability to stay above the crucial $4,000 level is a warning sign, even with a weaker dollar. This failure suggests that buyers may be losing interest, which could lead to a significant pullback before the next upward movement. We should be careful about chasing new highs and consider using protective puts as a hedge against a potential bull trap. Create your live VT Markets account and start trading now.As the US dollar weakens, XAU/USD approaches key resistance near $4,045.
Gold’s value has risen for the second day in a row, nearing a resistance level of $4,045, aided by a weakening US Dollar. However, technical indicators show that this upward movement may be limited.
The US Dollar Index has fallen from recent highs, lowering the demand for safe-haven assets. This boost for Gold comes alongside strong US employment and services data, which reduces the pressure on the Federal Reserve to cut rates right away.
