EUR/USD drops below 1.1200 as USD strengthens after CPI data
EUR/USD remains under bearish pressure in the second half of the day and trades below 1.1200, erasing a large portion of Monday's gains in the process. The US Dollar (USD) gathers strength after the latest data from the US showed that the CPI increased more than expected in October, forcing the pair to stay on the back foot.
GBP/USD retreats below 1.3400 following US inflation report
GBP/USD comes under fresh downside pressure on Tuesday and trades below 1.3400, failing to build on Monday's gains. The Greenback recovers following the stronger-than-forecast monthly CPI readings, causing the pair to stretch lower.
Gold approaches $4,000 following US inflation data
Gold surrenders a big chunk of Monday’s advance and approaches the key $4,000 mark per troy ounce on Tuesday. The precious metal’s decline follows the solid performance of the US Dollar and rising US Treasury yields after US inflation figures.
Pi Network rebounds from record lows, exits oversold territory as momentum improves
Pi Network (PI) shows a strong recovery on Tuesday, up over 7% after recording its all-time low of $0.0624 the previous day. PI token’s appeal in the derivatives market shows minor improvement, with Open Interest rising to $6.21 million.
DEEPER DIVE
Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds
The Australian Dollar eyes its March low
The Australian Dollar is at make-or-break near 0.6900
CRYPTOCURRENCIES
Ripple sell-off persists as $1.00 support level beckons
Ripple (XRP) sustains downside pressure, slipping below $1.00 at the time of writing on Tuesday. The path of least resistance remains firmly downward, as the token’s upside is capped by downtrending technical indicators.
Pi Network rebounds from record lows, exits oversold territory as momentum improves
Pi Network (PI) shows a strong recovery on Tuesday, up over 7% after recording its all-time low of $0.0624 the previous day. PI token’s appeal in the derivatives market shows minor improvement, with Open Interest rising to $6.21 million.
Top Altcoins Price Forecast: Ripple, Cardano, and Solana remain vulnerable to further losses
Ripple (XRP), Cardano (ADA), and Solana (SOL) struggle to find their footing after last week’s decline amid a decline in institutional investors’ risk appetite.
STOCKS
NASDAQ soars on Monday despite Nvidia sell-off
The NASDAQ Composite surprisingly rallied despite a major sell-off by Nvidia (NVDA). The leading chipmaker of the AI boom shed between 4-6% on Monday after CEO Jensen Huang admitted to an extra-marital affair with an alleged Chinese spy over the weekend. That $270 billion sell-off hasn't stopped the broader market, and the NASDAQ Composite rallied 2.6% at last look.
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
Versus Trade marks 11.11 Sale Day with special bonuses for traders
Forex and CFD broker Versus Trade is celebrating 11.11 Sale Day with a limited-time campaign offering eligible traders access to special bonuses and promotional rewards.
Dollar volatility spikes as Middle East tensions meet US election results
Geopolitical developments in the Middle East and conflicting messages from Washington shape current valuations of the US dollar and the euro. Financial markets react to uncertainties surrounding peace negotiations and political shifts in the United States.
Betski secures a $15 million investment commitment from Nimbus Capital to accelerate its global growth
Betski ($BETSKI), a proprietary next-generation real-money gaming platform, today announced a long-term strategic commitment of $15 million from Nimbus Capital, a private alternative investment group specializing in bridging emerging digital economies with institutional capital markets.