📊 Markets Continued to Trade in a Low Range Over the Weekend

During the week of November 17, the brief optimism brought by the postponement of the U.S. government shutdown deadline to January 30, 2026, gradually faded, replaced by global selling pressure triggered by hawkish signals from the Federal Reserve. U.S. stock momentum sectors experienced increased volatility, while the cryptocurrency market faced stronger selling pressure amid a decline in risk appetite, with $BTC falling below the $95,000 mark.

Capital clearly shifted toward defensive assets, as U.S. Treasury yields edged up to 4.15%, while the U.S. dollar index failed to firmly hold above the 100 level. In the crypto market, the large-scale deleveraging that began on October 10 continued, with a cascade of liquidations totaling over $190 billion.

In the coming week, a series of economic data releases—previously delayed due to the government shutdown—are expected to dominate market attention. Key reports, including the first post-shutdown Non-Farm Payrolls and factory orders data, will serve as critical catalysts influencing expectations for a December rate cut. Additionally, scheduled speeches by multiple Fed officials may further sway market expectations regarding the interest rate trajectory.