Market News
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Yen slides toward 160.00 with Fed speakers and US PPI ahead
The 160.00 level is within reach of USD/JPY for the first time since early September, with Fed speakers and US producer prices still to come before the weekend. USD/JPY has left the range it held for seven weeks and reached just under 160.00, its highest since September 2.
UK growth figures are next for a Pound at a three-week low
Third-quarter Gross Domestic Product (GDP) on Thursday is forecast to show the UK economy growing faster, and GBP/USD goes into it at its lowest since mid-October.
AI stocks rebound and carry the NASDAQ 100 to a one-week high
The more artificial intelligence (AI) a US index holds, the more of the fall that began on November 5 it has now recovered. The NASDAQ 100 touched just under 28,600, above where it started that session, and is trading near 28,400.
Mexican Peso defies Fed hike bets as Banxico signals longer pause
The Mexican Peso (MXN) recovered some ground against the US Dollar (USD) on Wednesday after losing 0.45% in the previous week, following a US inflation report that was higher than expected, which increased the odds of further Federal Reserve (Fed) tightening.
GBP/JPY Price Forecast: Bullish harami tests 213.00 resistance
GBP/JPY trades choppily despite posting gains of 0.17% on Wednesday, with price action remaining within Tuesday’s daily range of 211.44-212.65, suggesting a potential ‘bullish harami’ or inside-day pattern forming near a key resistance area.
EUR/USD Price Forecast: Break below 1.1100 puts 1.1000 in focus
The EUR/USD pair extends its losses below 1.1100 on Wednesday as traders digest the Federal Reserve's (Fed) hawkish comments, which have increased the odds of a rate hike. At the time of writing, the pair trades at 1.1092, its lowest level since May 2025.
Gold drifts below $4,000 as high US yields fuel December Fed hike odds
Gold (XAU/USD) price extends losses for the second straight day on Wednesday as traders fully price in a rate hike by the Federal Reserve (Fed) following a hotter-than-expected US inflation report and hawkish comments by Fed policymakers. At the time of writing, XAU/USD trades at $3,999, down 0.70%.
Forex Today: Attention shifts to UK hard data and Fedspeak
The US Dollar (USD) has pushed harder, reaching levels last seen in April 2025 on the back of persistent bets over another interest rate hike by the Federal Reserve at its December gathering.
Swiss Franc slides nearly 1% as US Dollar hits fresh yearly high
USD/CHF climbs nearly 1% on Wednesday, reaching a four-week high as the US Dollar (USD) strengthens across the board following a sharp shift in Federal Reserve (Fed) interest rate expectations. At the time of writing, the pair trades around 0.8335, extending gains for the second straight day.
US Dollar Index Price Forecast: DXY hits yearly high after bullish flag breakout
The US Dollar Index (DXY) rises for a second straight day on Wednesday, hitting a fresh year-to-date high as hotter-than-expected US consumer inflation and calls from Federal Reserve (Fed) officials for further tightening fuel bets on more aggressive rate hikes.
New Zealand Dollar takes a hit as Fed hawks regain control
NZD/USD comes under renewed selling pressure on Wednesday, falling 0.68% on the day to trade around 0.5565 at the time of writing.
Silver defies rising US yields, climbs above $52 despite Fed rate-hike bets
Silver (XAG/USD) advances on Wednesday, gaining 1.60% to trade around $52.35 at the time of writing.
British Pound tumbles below 1.33 post hot US CPI, Fed hawkish rhetoric
The Pound Sterling (GBP) drops against the US Dollar (USD) on Wednesday as traders digest hawkish comments from Federal Reserve (Fed) officials and Tuesday's hot US inflation report. At the time of writing, GBP/USD trades below the 1.3300 psychological figure, down 0.55%.