CAD

Equity and AI-hardware sentiment will hinge on whether Nvidia can exceed above-guidance expectations and deliver a confident Q4 outlook, with any softness likely to spark a sector-wide pullback. Report due November 19.

Australian data: Westpac Leading Index for October 2025 +0.11% m/m (prior –0.03%) The much-watched 6 month annualised growth rate stepped higher

Japan: September Core machinery orders +4.2% m/m (expected +2.5%) & +11.6^% y/y (v. +5.4%) Encouraging data

Trump signalled he has already decided who next Fed Chair will be, but doesn't drop a name. Trump usually just blurts stuff out, not this time though.

Deutsche Bank says gold remains a useful diversifier and expects central banks to keep buying on weakness, supporting prices. ETF demand is less responsive due to high volatility. The bank stays bullish, seeing upside to its US$4,000/oz forecast.

White House announces weapons sales to Saudi Arabia, also an AI MOU Trump met with the Saudi Crown Prince on Tuesday

Foreign holdings of U.S. Treasuries slipped to $9.249tn in September, the first decline in six months. Japan’s holdings hit a two-year high. China continued reducing exposure.