Economic calendar in Asia Friday, November 28, 2025: Japan inflation indicator (Tokyo CPI).For those not celebrating Thanksgiving, and for those who are but just can't stayaway from markets (can relate!), it's a heavy data day from Japan.

US Dollar Forecast: DXY Slips Below 100 After Dovish Fed Signals Hit the Market.DXY falls below 100 as weak U.S. data, dovish Fed signals, and rising rate-cut bets pressure the dollar, while euro strength adds to the downside.

FX Today: Focus shifts to inflation data in Japan and Germany.FX Today: Focus shifts to inflation data in Japan and Germany

Central bank body BIS warns of hedge fund leverage in government bond markets.The new head of the Bank for International Settlements has said reining in hedge funds' ability to make highly leveraged bets in government bond markets should be a key priority for policymakers given rapidly increasing public debt levels.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders React To Putin's Comments On Peace Deal.Russian President said that no final version of a peace plan existed.

U.S. Dollar Stays Close To Recent Lows: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The American currency made an attempt to rebound but lost momentum and pulled back.

BoE's Greene: Inflation outturns are feeding into expectations.BoE's Greene: Inflation outturns are feeding into expectations

USD/JPY Price Forecast: Uptrend remains intact despite early signs of bullish exhaustion.USD/JPY Price Forecast: Uptrend remains intact despite early signs of bullish exhaustion

EUR/JPY steady as ECB minutes support Euro, Yen pressured by fiscal concerns.EUR/JPY steady as ECB minutes support Euro, Yen pressured by fiscal concerns

Crude Oil Price Outlook – Oil Continues to Look Soft.The commentary highlights quiet, low-volume holiday trading in crude oil, with both WTI and Brent stuck in consolidation. Rallies face strong technical barriers, while oversupply and slowing global demand continue to pressure prices.

Crude oil outlook: WTI still looks frail despite modest bounce.Oil prices have bounced back from their mid-week lows, but it remains to be seen whether the recovery can hold. I remain doubtful.

Pound Sterling Price News and Forecast: GBP sterling gains on UK budget relief.Pound Sterling Price News and Forecast: GBP sterling gains on UK budget relief

GBP: Growth vacuum leaves GBP exposed – Société Générale.GBP: Growth vacuum leaves GBP exposed – Société Générale

Brazil seeks US cooperation as money laundering probe flags Delaware firms.Brazil's government will seek a cooperation agreement with the U.S. to fight money laundering and the illegal export of weapons, Finance Minister Fernando Haddad told reporters on Thursday.

Dollar Stays Soft Into Thanksgiving Lull.Trading turned subdued as markets moved into the U.S. session, with activity expected to slow further as Thanksgiving approaches. Liquidity conditions were already thinning in early trade, and the muted tone across majors reflects a market unwilling to take fresh positions before the long weekend.

Canada Current Account came in at -9.68B, above forecasts (-16.5B) in 3Q.Canada Current Account came in at -9.68B, above forecasts (-16.5B) in 3Q

GBP/JPY Price Forecast: Strong momentum signals point to further gains in the near term.GBP/JPY Price Forecast: Strong momentum signals point to further gains in the near term

ECB accounts show unified hold, but debates on future cut threshold.ECB meeting accounts from October showed unanimous agreement to keep all three key interest rates unchanged, with policymakers noting that both the inflation outlook and incoming activity data had broadly aligned with September's baseline. The economy was still expanding despite global headwinds, giving the Governing Council confidence that the current stance remained appropriate.

Natural Gas Price Outlook – Natural Gas Continues to Grind Back and Forth.Natural gas eased slightly in thin Thanksgiving trading, remaining in consolidation after a sharp rally. A pullback toward $4 or $4.25 could offer value, with seasonal strength favoring buying only.

investingLive European session wrap: Markets muted as Thanksgiving holiday saps appetite.The holiday break is also leading to a lull in Europe, with traders and investors looking fairly disinterested during the session. That especially with no major data releases or headlines to deal with as well.

ECB Accounts: Outlook broadly unchanged, waiting for more data.ECB Accounts: Outlook broadly unchanged, waiting for more data

Dollar: Internal Weakness Plus Improvement Among Competitors.As soon as the US dollar weakened, its competitors immediately stiffened their resolve. The pound rose due to the markets' acceptance of Rachel Reeves' draft budget, the yen rose following the government's strongest verbal interventions, the Australian dollar rose amid speculation about a key rate hike by the Reserve Bank, and the euro rose on hopes for a resolution to the Ukrainian conflict.

Oil News: Peace Deal Bets Hit Oil Outlook as Crude Oil Futures Slide on Supply Fears.Crude oil slides as peace deal speculation, rising inventories, and OPEC production plans pressure prices, leaving the short-term oil outlook firmly bearish.

ECB's Kazaks says time is not ripe for a rate cut.It is too early for the European Central Bank to discuss another interest rate cut as inflation in the euro zone might still turn out higher than expected, ECB policymaker Martins Kazaks said on Thursday.

China expresses stern concerns over certain contents in US-Malaysia trade deal.With Malaysia housing the largest rare earth processing facility outside of China, it's a big deal in terms of who is able to get the supplies of these processed rare earth compounds. And Trump's recent visit was to ensure that the US stands to benefit from that, no doubt as China continues to use this as an ace in the hole in terms of negotiating prowess.

Belgium Consumer Price Index (YoY): 2.4% (November) vs 2%.Belgium Consumer Price Index (YoY): 2.4% (November) vs 2%

Belgium Consumer Price Index (MoM): 0.56% (November) vs 0.36%.Belgium Consumer Price Index (MoM): 0.56% (November) vs 0.36%

Eurozone economic sentiment marks mild gains, but stay below long-term average.EU and Eurozone posted only marginal improvements in sentiment in November, with the Economic Sentiment Indicator rising 0.2 points in both regions to 96.8 and 97.0. While the Employment Expectations Indicator saw a more meaningful lift—up to 98.8 in the EU and 97.8 in the Eurozone.

South Africa Producer Price Index (MoM) remains unchanged at -0.1% in October.South Africa Producer Price Index (MoM) remains unchanged at -0.1% in October

Portugal Consumer Confidence rose from previous -15.9 to -15.2 in November.Portugal Consumer Confidence rose from previous -15.9 to -15.2 in November