Good morning. In 1985, the Plaza Accord was signed by the U.S., Japan, Germany, France, and the U.K. to intentionally weaken the U.S. dollar. After the agreement, USD/JPY fell from around 250 to nearly 120 over the next few years.

It was one of the most dramatic currency moves in history, proof that when governments team up, the chart listens.

-Shaun A, Jonathan Kibbler, Jordon Mellor

MARKETS

Prices supplied by Google Finance as of 4:00am ET - stock prices as of close. Here is what the prices mean.

FOREX

We’re mid-week and the market is finally showing some personality. Not in the loud, news-driven kind of way but in that quiet, slow-burn shift where positioning starts to matter more than intraday noise.

Oil weakness is tugging CAD lower, safe-haven demand is giving JPY some backbone, and AUD is trying to keep itself together at trendline support while China and the U.S. pretend to play nice again.

Not a breakout day, but definitely a setup day.

This pair has pushed into the high 1.41s, its highest levels in roughly seven months. The move is less about USD strength and more about CAD being dragged by falling oil prices.

With crude inventory data showing a large buildup, oversupply fears hit the energy market and when oil falls, CAD tends to fall with it. But the USD side of the equation is not pure strength either the U.S. shutdown is still hanging over sentiment.

The real question is whether USD/CAD can hold above the upper boundary of that ascending channel. If price starts rejecting the top, we could see some rotation lower. If it stabilizes above, then the next leg higher opens up. Right now, this is a reaction area, not a breakout area.

This pair is hovering around the 153.30 to 153.60 area, and you can almost feel the intervention fear in the air. JPY is getting a bit of safe-haven support as equities wobble, and verbal jawboning from Japanese officials is back.

They’re not pulling the trigger, just reminding everyone that they could. Meanwhile, the U.S. dollar is softening slightly as shutdown uncertainty lingers. This pair is still in an uptrend, but this is not the spot to be aggressive. It either pulls back first, or it forces a squeeze after everyone gives up waiting. Patience here pays more than prediction.

The Aussie is sitting right on top of its long-term trendline support, the same one that’s held since April. China announcing plans to ease some tariffs helped AUD steady, but the currency is still lacking real momentum.

Data out of Australia isn’t bad, but it isn’t inspiring either. If AUD/USD holds this trendline, the path back toward the mid-0.65s opens. If it breaks, then lower support around 0.64 to 0.6370 quickly comes into play.

This is one of those charts where emotion wants to guess, but logic says: wait for the candle to close.

This week isn’t about chasing anything. It’s about letting the market position itself before we commit. USD/CAD is testing its limits, USD/JPY is dancing near intervention territory, and AUD/USD is clinging to structure that either holds or breaks.

We don’t predict here, we just respond when the market finally shows conviction. No rush. The move comes to the patient.

-Shaun A

If you want to take advantage of the current bull market but are hesitant about investing, online stock brokers could help take the intimidation out of the process. These platforms offer a simpler, user-friendly way to buy and sell stocks, options and ETFs from the comfort of your home. Check out Money’s list of the Best Online Stock Brokers and start putting your money to work!

Start investing

MARKET ANALYSIS

Oil prices have rebounded from the $56.00 lows over the past couple of weeks.

Largely due to sanctions on Russia’s largest oil companies.

However, OPEC+ have announced an upcoming pause on production in January.

What could this mean for oil prices in the future?

OPEC+ confirmed a 137,000 barrel-per-day increase for December 2025, a small step that keeps supply edging higher but they also paused all further hikes through Q1 2026.

Their reasoning? Seasonality and oversupply risks.

In plain English they’re trying to avoid flooding the market just as winter demand cools off.

This is seeing the oil price consolidate between $62.50 and $59.75.

If OPEC shifts to production cuts it could lead to a higher oil price. However, the likelihood of this is low for the time being.

The daily chart shows the clear resistance and support zones. Waiting for a break on either side could decide the next move for the commodity.

-Jonathan Kibbler

WATCH

CHART BREAKDOWN OF THE DAY (GBP/USD)

DAILY TRADING PSYCHOLOGY NUGGET

TODAY’S MOST TRENDING MARKET NEWS (NOVEMBER 05, 2025)

Global stock markets are in a sharp correction mode today as concerns over stretched valuations crash through the tech sector, with the Nikkei 225 tumbling 4.6% and South Korea’s index down over 6%. Meanwhile, oil prices slid and the dollar ticked higher, underscoring a sudden shift toward risk-off sentiment. (source:reuters)

GAMES

SHARE

{{rp_personalized_text}}

Copy & paste this link: {{rp_refer_url}}

GET TO IT

🦖 Understand how Market Makers work

🦖 Check out these recommended trading tools.

🦖 Watch Professional Traders trade live in London

🦖 Do a super quick challenge that will have missive impacts on your results.

🦖 Get funded as a trader with up to $4,000,000.

ANSWER

Answer: Quantitative Easing