S&P 500 Monthly Forecast: November 2025 – 31 October 2025
The S&P 500 remains in a strong uptrend into November 2025, with bullish momentum fueled by Fed rate cut expectations and continued global equity inflows.

The S&P 500 remains in a strong uptrend into November 2025, with bullish momentum fueled by Fed rate cut expectations and continued global equity inflows.
Following Wednesday’s sharp decline, EUR/USD failed to shake off the bearish pressure on Thursday and dropped to its weakest level in more than two weeks, below 1.1550. Early Friday, the pair stays in a consolidation phase but the technical outlook suggests that the bearish bias remains unchanged.
The NASDAQ 100 remains in a strong uptrend after breaking above 25,000, with momentum favoring a potential move toward 27,000 by month’s end.
The USD/MXN pair remains under pressure below 18.50, with peso strength likely to persist in November unless the Fed signals a major policy shift.
Gold enters November 2025 at a critical juncture after a sharp rally and recent volatility. While technicals remain bullish, growing retail interest and resistance near $4,000 signal a potential pause or pullback.
Crude oil prices face headwinds heading into November 2025, with robust global supply from the U.S., OPEC, and Russia keeping prices subdued.