🌅 Morning Update (24.11.2025) 💱 Major currency pairs are moving in tight ranges today, while 🇯🇵 Japan’s market is closed for a holiday. 🌍 Weekend reports suggest Washington is pushing Kyiv to accept concessions to Russia under a revised peace plan, although territorial and security questions remain open. 🛢️ Brent and WTI dipped early in the session on speculation that a Russia–Ukraine deal could unlock sanctions, but the losses have now been fully recovered. 🇨🇳 Chinese semiconductor stocks slipped after rumours that Trump may approve sales of Nvidia’s H200 chips to China. 🇳🇿 Markets expect a 25 bp cut to 2.25% at Wednesday’s RBNZ meeting, which economists see as the final move of the easing cycle. 💵 Barclays anticipates a firm US dollar in 2026, supported by strong AI-related investment, rising global demand for US tech and reduced tariff concerns. The bank also sees a steadier environment for risk assets next year. 🏦 Barclays expects Powell to lean toward a cut at the December FOMC meeting. At present, 6 Fed officials favour a pause and 5 favour a cut, excluding Powell, who is expected to guide the committee toward easing. ✨ Stay tuned with NordFX for the latest market developments!