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EUR/USD drops below 1.1150 on persistent USD strength

Forex Today: US Dollar shows resilience after US inflation data

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GBP/USD drops to fresh November low near 1.3300

Gold sticks to gains near $4,050 amid steeper Fed rate hike bets

Bitcoin at risk of sharp moves as leverage builds in derivatives markets

Hot CPI helps cement December Fed hike as Nvidia slumps

October CPI inflation landed yesterday and beat expectations across the board. Note that we only received the MM figures because of last year’s government shutdown. Headline MM came in at 0.4%, beating the 0.3% forecast, though below September's 0.6%. Core MM also came in at 0.3%, slightly higher than the 0.2% estimate and matching the prior month’s reading.

Latest News

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Gold struggles near $4,050 as Fed rate-hike bets intensify

Vishal Chaturvedi

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Japanese Yen weakens toward 160 as US inflation bolsters Fed hike bets

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WTI Oil steadies above $85 as hopes of a Middle East peace agreement start to fade

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In-Depth Analysis

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.

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The Australian Dollar is at make-or-break near 0.6900

The Canadian Dollar's crude problem

Crude prices have climbed in 2026 while the Canadian Dollar (CAD) has weakened against the US Dollar (USD). Oil now moves the currency only when it falls, because cheaper fuel removes the Bank of Canada's (BoC) reason for raising interest rates.

Can the New Zealand Dollar hold 0.5600 this time?

Gold buyers brace for the $4,000 retest

Cryptocurrencies

Pi Network Price Forecast: PI extends gains against a bearish market backdrop

Pi Network continues to attract some buyers on Wednesday after an over 8% rebound the previous day. PI token sustains above $0.070 as the price extends its rebound after reaching an oversold level, decoupling from the broader market correction. Technically, Pi Network must break above the overhead trendline near $0.0740 to resume an upward trend.

Dogecoin Price Forecast: DOGE slips to a new yearly low

Dogecoin recovers mildly, trading around $0.068 on Wednesday after hitting a new yearly low the previous day. Santiment data shows whale wallets offloading DOGE holdings, fueling near-term selling pressure. Meanwhile, weakening on-chain metrics and bearish technical indicators suggest that the meme coin could face further downside risks.

Zcash Price Forecast: ZEC tests $1,000 support as hot US CPI data offsets Grayscale’s marketing

Zcash is down to almost $1,000 on Wednesday, facing intense selling pressure over the last five days, with losses totaling over 20%. The hotter-than-expected US monthly inflation data offset the Grayscale’s Zcash-focused marketing campaign and the sponsor fees contribution to the network.

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Stocks

Elliott Wave view: Nvidia selling off in a clear impulsive structure

Short-term Elliott Wave analysis in Nvidia (NVDA) suggests that the decline from the October 2026 high is unfolding as a five-wave impulsive structure. This price action indicates that the broader trend remains bearish, with the stock continuing to develop lower-degree impulsive sequences within the larger decline. From the October 2026 peak, wave (1) ended at $210.18.

Weekly Forecast

EUR/USD: Greenback holds firm despite looming US political stalemate

The EUR/USD pair finished the first week of November trading around 1.1140 after spending pretty much a month ranging around 1.1200. Critical headlines were partially overshadowed by persistent uncertainty, with the pair leaning bearish but still trapped.

Canadian Dollar stares at 114.7K lost jobs and a Fed rate hike

The Canadian Dollar (CAD) faces pressure from two directions. Canada's labour market continued to deteriorate, while job creation in the United States (US) significantly exceeded expectations, strengthening market bets on another interest rate hike by the Federal Reserve (Fed). This divergence puts the Loonie in a particularly difficult position.

Gold: Post-midterm elections relief rally loses momentum

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.

US Dollar: The Dollar survives the midterms; now comes inflation

The US Dollar (USD) weathered the post-US midterm election results better than expected, adding to the previous week’s bullish move and managing to keep the trade above the key 102.00 barrier on the US Dollar Index (DXY).