The EUR/USD outlook reflects market caution amid a divided Fed and stable ECB.

EUR/USD remains under pressure heading into November, as Fed uncertainty, choppy trading, and weak sentiment continue to weigh on upside potential.

The reason why Fed Chair Jay Powell didn’t want to commit to a December rate cut is simple. A number of voting members at the FOMC are not convinced the weak labor market is actually all that weak.

ExxonMobil posted Q3 2025 earnings of $7.5 billion, or $1.76 per share, slightly below expectations but supported by $14.8 billion in cash flow and record production.

At first glance, everything seems under control: stocks are holding steady, and the U.S. economy is resilient. And yet, something is going wrong in the global financial system.