{"id":3304,"date":"2025-12-03T16:29:11","date_gmt":"2025-12-03T05:29:11","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3304"},"modified":"2025-12-23T19:32:45","modified_gmt":"2025-12-23T08:32:45","slug":"2025122en","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/it\/2025\/12\/03\/2025122en\/","title":{"rendered":"Amillex Daily Market Commentary: U.S.\u2013Japan Policy Divergence Drives Markets; Tech Leads Wall Street Higher; Gold Falls Below $4,190; Bitcoin Rebounds to $87,000"},"content":{"rendered":"<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<h2 class=\"wp-block-heading\">December 3, 2025 \u2014 U.S. equities opened higher across the board, with the Nasdaq up 0.45%. The U.S. dollar index was flat at 99.40, while the yen weakened to 155.76 per dollar. Spot gold slipped more than 1%, breaking below $4,190 per ounce. Bitcoin rebounded 1.2% to $87,457, ending its recent losing streak.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Key Market Moves &amp; Fundamental Analysis<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">1. U.S. Equities: Tech Stocks Lead Gains; Chinese ADRs Mixed<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">The S&amp;P 500 rose 0.27% to 6,830.96, the Dow climbed 0.27% to 47,416.91, and the Nasdaq gained 0.45% to 23,379.75.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Sector highlights:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Semiconductors advanced (Nvidia up nearly 3%), with AI-related names following higher.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Chinese ADRs were mixed: Pony.ai up 3.3%, Alibaba down 1.69%, Xpeng Motors down 4.33%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Market drivers:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Easing policy expectations: The probability of a Fed rate cut in December rose to 85%, easing valuation pressures.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Soft macro data: November ISM Manufacturing PMI fell to 48.2, reinforcing the need for monetary easing.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">2. FX Market: Yen Pulls Back; U.S. Treasury Yields Edge Higher<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">The U.S. dollar index held at 99.40, while EUR\/USD slipped slightly to 1.1605.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">The yen weakened to 155.76 per dollar as recent BoJ tightening expectations saw short-term profit-taking.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Key developments:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Strong JGB auction: 10-year JGB yields fell to 1.855%, with robust demand capping yen strength.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Fed in wait-and-see mode: Markets await Friday\u2019s PCE data and the December FOMC meeting.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">3. Precious Metals: Technical Pullback in Gold; Silver Retreats from Overbought Levels<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Spot gold fell 1%, dipping below $4,190, while silver declined 1.2% to $57.27.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Technical pressure:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Silver\u2019s RSI signaled overbought conditions, triggering short-term profit-taking.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Fundamental support remains:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Central bank buying: The PBoC increased gold reserves for the 12th consecutive month, total holdings surpassing 74.09 million ounces.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Geopolitical tensions: Stalemate in Russia\u2013Ukraine talks and Middle East conflict continues to provide long-term safe-haven support.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">4. Cryptocurrency: Bitcoin Rebounds as Leverage Pressure Eases<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Major tokens moved higher, with Bitcoin up 1.2% to $87,457 and Ethereum rising 1.2%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Market sentiment improves:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">The prior day saw $985 million in total liquidations (90% long positions), and short covering helped fuel the rebound.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Institutional demand stable: Coinbase registered $120 million in net institutional inflows.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">5. Crude Oil: Supply Risks vs. Weak Demand Outlook<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">WTI crude hovered at $59.4 per barrel, with Brent at $63.3.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bull and bear forces:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Supply risks: CPC pipeline disruptions in the Black Sea and escalating U.S.\u2013Venezuela tensions.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Demand headwinds: Weak global PMIs, steady OPEC+ output cuts, and a larger-than-expected EIA inventory build of 2.8 million barrels.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Today\u2019s focus<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. November ADP Employment Report<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Eurozone November Services PMI (final)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Eurozone October PPI (MoM)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Australia Q3 GDP (YoY)<\/h2>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"<p>December 3, 2025 \u2014 U.S. equities opened higher across the board, with the Nasdaq up 0.45%. The U.S. dollar index was flat at 99.40, while the yen weakened to 155.76 per dollar. Spot gold slipped more than 1%, breaking below $4,190 per ounce. Bitcoin rebounded 1.2% to $87,457, ending its recent losing streak. Key Market [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/3304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/comments?post=3304"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/3304\/revisions"}],"predecessor-version":[{"id":3306,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/3304\/revisions\/3306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/media\/3305"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/media?parent=3304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/categories?post=3304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/tags?post=3304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}