3 Assets to Watch This Week: Nov 17-21

Markets attempt comeback as FOMC minutes, Nvidia earnings loom

After dramatic selloffs last week, risk assets are attempting a rebound at the onset of this new week:

• S&P 500 futures are up 0.6%, moving closer to the 6,800 psychological level

• Nasdaq 100 futures are up 0.9%, keeping its head above the 25,000 mark

• CoinDesk 20 Index is up over 2%, as this broad-based measure of top digital assets bounces off the psychological 3k line

• Gold is holding above its 21-day simple moving average (SMA).

Last Friday's (Nov. 14) selloff saw XAUUSD+ hitting the lower bound of the trading range highlighted earlier on Nov 11th by Han Tan, Chief Market Analyst at Bybit Learn's "Daily Market Open" Livestream.

Trade SP500, NAS100, Gold and more on Bybit MT5 using this link.



Fed/US data watch still in play

This week, 8 Fed officials are set to deliver 11 scheduled speeches this week.

These will be gleamed for further clues about December's FOMC rate decision, with markets currently expecting just a 42% chance of a 25-bps rate cut on December 10th - a far cry from the near-certain odds accorded a month ago.

Traders and investors will also be on the lookout as to when the US government may resume its economic data releases, given that markets (and the Fed) had been "flying blind" during the just-concluded US shutdown.



Uniswap up 40% so far in November

Remarkably, Uniswap has risen nearly 40% on a month-to-date basis. At the time of writing, UNI is up 12.8%, outperforming other major peers within the CoinDesk 20 index.

There has been some relative resilience in the defi space, with swap volumes on Uniswap v4 crossing US$ 200 billion on November 10th. That same day, UNI - the governance token of Uniswap - even spiked above $10 for the first time since mid-September.

More recently, on November 13th, Uniswap - the first defi exchange built on the Ethereum blockchain - launched its Continuous Clearing Auction Protocol that aims for more credible, transparent, and efficient price discovery.

Such defi developments are likely helping Uniswap swim against the tide of broader woes across the crypto complex.



Assets & Events Watchlist: Nov 17-21

1. Bitcoin forms 'death cross'

• Downside scenario: Further declines in Bitcoin may see a revisiting of the $89,000 region - a level not seen since April 2025.

• Upside scenario: A sudden spurt of risk-on sentiment could push Bitcoin back to reclaim the $100k psychological level, with the 21-day SMA set to exert resistance further north.

NOTE: A "death Cross" is a technical event where an asset's 50-day simple moving average (SMA) crosses below its 200-day counterpart; often seen as a bearish sign.





2. NVIDIA: world's most-valuable company

• Nov 19: Earnings due after US markets close Wednesday

• Markets expect this stock to move 6.45% up/down after the earnings release

NOTE: Trade Nvidia and many other US stocks, 24/5 on Bybit TradFi.



3. USDJPY+ to set 10-month high?

• Nov 19: FOMC meeting minutes

• Nov 21: Japan October national CPI

NOTE: Bloomberg's FX model predicts that USDJPY is set to trade between 152.7 - 156.5 over the next 1-week period.