AUD/USD tests 0.6800 as Fed hawks drive USD to 19-month high
AUD/USD has come under heightened downside pressure, briefly slipping back below the 0.6800 yardstick on Thursday. Indeed, the pair has revisited levels last seen in late January in response to the continuation of the bullish momentum favouring the Greenback, which remained propped up by rising bets over extra Fed tightening.
EUR/USD: No relief for bulls as 1.1000 comes into focus
EUR/USD extends its sharp sell-off to levels last traded in April 2025 below 1.1050 as the NA session draws to a close on Thursday. The pair hits its third consecutive daily pullback following the still unabated march north in the US Dollar, as investors continue to price in further rate hikes by the Fed. Moving forward, US Producer Prices and another estimate of the EMU’s Q3 Growth Rate will be in the limelight on Friday.
Gold shifts the focus to $3,800 amid stronger US Dollar
Gold comes under heightened downside pressure, retreating for the third consecutive day and approaching the $3,800 region per troy ounce on Thursday. Increasing speculation of a 50-bps rate hike by the Fed in December continues to weigh on the precious metal amid further gains in US Treasury yields.
Dogecoin Price Forecast: DOGE tests three-year low as selling pressure deepens
DEEPER DIVE
What the US CPI headline doesn’t tell you about inflation
Brent crude has fallen about a third since mid-October on hopes the Iran war is ending, but diesel, freight and fertiliser costs haven't followed. Those costs reach US consumer prices in stages through 2027 and could keep inflation high after gasoline gets cheaper.
The US Dollar just hit a 19-month high — and the Fed isn't done
The Japanese Yen's 160 line is back — and this time the setup is different
USD/JPY is approaching the psychologically important 160.00 round mark again, its highest level since early September, bringing the Japanese Yen (JPY) dangerously close to levels that have previously triggered intervention by Japanese authorities.
CRYPTOCURRENCIES
Top Altcoins Price Forecast: Ripple, Cardano and Solana halt decline amid signs of exhaustion
Top altcoins, Ripple, Cardano, and Solana, hold steady on Thursday, halting the prevailing decline linked to hot US inflation data and the post-US midterms period. The brief pause suggests that the markets have priced in October’s hot CPI of 0.4%, beating the 0.3% market expectation.
Ripple pares losses above $1.00 amid subdued investor interest
Ripple pares losses on Thursday, trading around $1.05 amid a largely lethargic broader cryptocurrency market. Bulls have found no relief since the sharp correction on November 5 and are banking on support between $1.00 and $1.05 to push for range trading ahead of fresh recovery attempts.
Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as bottom signals remain elusive
Bitcoin corrects near a key support range near $73,000 on Thursday, trading alongside altcoin majors Ethereum and Ripple. The smart contract token, ETH, holds above its $2,000 demand area, while the remittance token XRP upholds technical weakness, raising correction odds below $1.00.
STOCKS
Nvidia shares crash as Jensen Huang resigns as CEO
Nvidia (NVDA) shares collapsed in Thursday's premarket after longtime CEO and co-founder Jensen Huang resigned as CEO in the face of board scrutiny over several affairs.
Nasdaq 100 rebound looks strong… or is it just a trap?
The Nasdaq 100 spent the past few sessions recovering strongly from its November lows, rebounding from 24,307 and climbing back into the 25,100–25,150 mid-range zone. While the candles look convincing, the broader picture reveals a different story: the index remains trapped inside a 4H range structure.
WEEKLY FORECAST
EUR/USD: Greenback holds firm despite looming US political stalemate
Canadian Dollar stares at 114.7K lost jobs and a Fed rate hike
Gold: Post-midterm elections relief rally loses momentum
Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss
US Dollar: The Dollar survives the midterms; now comes inflation
Week ahead – Inflation and geopolitics in focus as US political landscape shifts
Post-midterm election euphoria fizzles out as risk aversion prevails. US CPI, PPI and Fedspeak on the radar as Fed hike bets remain supported. Oil retreat pauses on mixed hopes about the ongoing conflicts.
EDUCATION
How economic uncertainty changes bullion buying patterns across generations
When the economy becomes uncertain, investors react differently depending on their goals and circumstances. But, generally, periods of high inflation, market volatility, or geopolitical tension push investors to look beyond traditional assets for ways to diversify and manage uncertainty.
![You’re watching pre-market levels wrong [Video]](https://editorial.fxsstatic.com/images/i/Fear-2_Medium.png)
You’re watching pre-market levels wrong [Video]
If you trade NQ, you’ve probably been told to watch the pre-market high and pre-market low. That part is easy. The harder question is: what are you actually supposed to do when price gets there? Most traders react too quickly, and that’s usually where the trouble starts.
PRESS RELEASES
The Trading Festival Mexico opens today
With 3,000+ attendees expected, 50+ exhibiting brands and 60+ speakers, the two-day festival brings together trading, learning, competition and networking at the World Trade Center, starting today, 12 November.
Axi joins Babypips as an advertising partner through its trusted partner programme
The arrangement gives Axi an opportunity to introduce its trading services to Babypips’ established global audience through its advertising platform.
Maharashtra Minister Ashish Shelar addresses Unchained Summit India on digital innovation and asset tokenisation
Maharashtra’s Minister of Electronics, IT, AI & Cultural Affairs, Ashish Shelar addressed industry leaders at Unchained Summit India, held in Mumbai on 5–6 November, speaking about the role of emerging technologies in India's digital future, the importance of stronger legal frameworks, consumer prot