Financial Markets Update 27 November 2025
Drifting higher into Thanksgiving
News Overnight
Yet more confusing US numbers as Initial Jobless Claims fell but Chicago PMI dropped sharply. If the AI spend narrative is to believed then the Atlanta FED’s GDPNow tool should actually read 2%.
In the UK, the annual budget was greeted with relief by markets expecting a herd of black swans. The euphoria won’t last long.
Rachel Reeves’ Budget raises UK tax take to all-time high [FT]
In Australia however there was no confusion at all about CPI and the direction of interest rates.
Australia CPI Q3 2025
Breaking
Two National Guard troops shot near the White House in Washington [FT]
China Builder Vanke Seeks Yuan Bond Extension for First Time [Bloomberg]
CPI shock increases risk of interest rate hike [AFR]
Bank of Canada announces restart of Government of Canada treasury bill purchases [BoC]
BOJ’s Unrealized Gains From ETFs Surge Before Offloading Begins [Bloomberg]
SoftBank’s 40% Slide From Peak Shows Worry Over Giant OpenAI Bet [Bloomberg]
Crypto hoarders dump tokens as shares tumble [FT]
For Free Subscribers
Silver Update 27 November 2025
Silver had a really good day yesterday and without any pushback from London or COMEX. Price needs to break and consolidate above 54.30 for takeoff. Trend support is at 50.10 today.
Bitcoin Update 27 November 2025
Not too much to report other than finally the pressure got released. Trend resistance at the midline is at 93.6k. We think BTC can get back to 100k where it will meet a ton of resistance.
For Paid Subscribers
GBP/USD Update 27 November 2025
The currency spiked and Gilts rallied hard as the UK budget held no big surprises. Looks like a bull flag has formed after the initial move up from 1.2100 in January.
Dow Jones Update 27 November 2025
4 up days for US equity markets and we’re at the inflection point, beautifully demonstrated by the DJIA chart. Won’t see a resolution before next week and we’ll have to see what the market convinces itself of into the FOMC meeting on 10 December.
Economic Indicators Today
Hey, great read as always. My AI models cant predict this!