Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Forex

Forex Today: Attention shifts to UK hard data and Fedspeak

Source Fxstreet

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.

The US Dollar Index (DXY) has clinched fresh tops just pips away from the key 103.00 hurdle, a move widely underpinned by a marked rebound in US Treasury yields across the curve. The usual weekly Initial Jobless Claims are due alongside Existing Home Sales and the EIA’s weekly report on US crude oil stockpiles. Additionally, the Fed’s Hammack, Barr, Goolsbee and Daly are expected to speak.

EUR/USD has collapsed below 1.1100, reaching levels last traded in May 2025, always on the back of the sharp rebound in the US Dollar. The ECB’s Vujčić and Lagarde will speak amid an otherwise empty domestic calendar.

GBP/USD has tumbled to four-week lows, revisiting the 1.3270-1.3260 band following the Greenback’s solid performance. Next on tap in the UK will be the RICS House Price Balance, along with the preliminary Q3 GDP Growth Rate, flash quarterly Business Investment figures, Balance of Trade results, Construction Orders/Output, Industrial/Manufacturing Production and the NIESR Monthly GDP Tracker.

USD/JPY has climbed further, hitting fresh two-month tops while trading closer to the key 160.00 barrier. The weekly Foreign Bond Investment figures are due, followed by Producer Prices and the speech by the BoJ’s Asada.

AUD/USD has dropped to the vicinity of 0.6840 for the first time since January on the back of the increasingly offered stance in the risk-linked universe. Next in Oz will be the Consumer Inflation Expectations tracked by the Melbourne Institute, along with the speech by the RBA’s Baker.

Front-month WTI futures (December contract) have regained some traction, reversing three daily pullbacks in a row and reclaiming the area beyond the $87.00 mark per barrel following the resurgence of some effervescence in the Middle East.

Gold has built on Tuesday’s retracement, slipping back to the area below the key $4,000 mark per troy ounce. The continuation of the bearish tone in the precious metal has followed extra gains in the Greenback and a marked bounce in US Treasury yields across the board.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Author Mitrade

Nov 11, Wed

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Nvidia slid 7.7% after hours while AMD and Broadcom rose — the AI trade changed hands, it didn't break Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.

Author Irene Q.

Nov 12, Thu

Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.

US October PPI Preview: Fed Rate Hike Expectations Rise, PPI May Be Key Variable; How Will US Stocks, Dollar, and Gold Move?On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP

Author TradingKey

Nov 12, Thu

On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP

Gold hit a one-year low while central banks bought 321 tonnes — the sellers were never the ones you think Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.

Author Irene Q.

Yesterday 02: 40

Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.

Brent rose 3.3% and US crude stocks built 4.66 million barrels in the same week Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.

Author Irene Q.

Yesterday 03: 06

Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.

Related Instrument