Forex Today: Risk-off mood supported the Dollar

Source Fxstreet

Fresh demand for the greenback put the risk-linked universe under extra downside pressure against the backdrop of rising cautiousness prior to the publication of US inflation figures measured by the CPI. Moving forward, inflation prints in Australia will gather all the attention early in the session, while BoE Governor A. Bailey is due to speak in the European afternoon.

Here is what you need to know on Wednesday, January 10:

Fresh demand for the greenback supported a marked bounce in the US Dollar Index (DXY) to the 102.70 zone, or two-day highs, despite the directionless stance in US yields across the curve.

In the US, equities tracked by the Dow Jones and the S&P 500 reversed the promising start of the week on the back of rising prudence ahead of key US data releases.

EUR/USD remained on the defensive and briefly approached the proximity of the 1.0900 key support amidst the resumption of the buying interest in the dollar and the safe haven space.

GBP/USD followed the rest of its risky peers and broke below the 1.2700 yardstick, eroding Monday’s gains and halting a four-day positive streak at the same time.

The robust move higher in the greenback motivated USD/JPY to leave behind two consecutive sessions of losses and print a decent advance beyond the key barrier at 144.00 amidst inconclusive developments in US yields and the downtick in JGB 10-year yields.

AUD/USD resumed the decline and retreated markedly to the 0.6680/75 band on Tuesday, setting aside two straight days of slight gains ahead of the release of key inflation data in Oz.

Extra gains in the greenback pushed USD/CAD to fresh four-week tops north of 1.3400 the figure. Poor results from the Canadian trade balance and building permits also kept the selling pressure well and sound around CAD.

Gold closed Tuesday’s session around the previous day’s closing levels near $2030 per troy ounce on the back of the intense demand for the greenback and the vacillating mood in the US money markets. By the same token, silver prices added to the negative start of the week and challenged the key $23.00 mark once again.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changedRate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.
Author  Irene Q.
Sep 23, Wed
Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.
placeholder
Strong profits, falling shares: bank earnings day one meets a memory-chip rout — with CPI and ASML aheadGoldman Sachs blew past estimates (EPS $17.01 vs $13.09 expected, profit +33%) while JPMorgan missed ($5.75 vs $5.93) and Wells Fargo fell 3% — yet the S&P 500 finished flat at 7,805.45, pinned below its record close as a memory-chip rout (SOX −2.67%, Micron under $1,000) kept the pressure on. Tonight brings the week's decider: US September CPI at 8:30 ET, then Bank of America, Morgan Stanley, BlackRock and ASML before the open. Here are the levels, both cases, and the watch list.
Author  Irene Q.
Oct 14, Wed
Goldman Sachs blew past estimates (EPS $17.01 vs $13.09 expected, profit +33%) while JPMorgan missed ($5.75 vs $5.93) and Wells Fargo fell 3% — yet the S&P 500 finished flat at 7,805.45, pinned below its record close as a memory-chip rout (SOX −2.67%, Micron under $1,000) kept the pressure on. Tonight brings the week's decider: US September CPI at 8:30 ET, then Bank of America, Morgan Stanley, BlackRock and ASML before the open. Here are the levels, both cases, and the watch list.
placeholder
US September CPI recap: inflation hits 3.7% as core runs hot — is an October Fed hike back on the table?September CPI landed hot: headline 3.7% y/y, core 2.6% y/y and 0.3% m/m. October hike odds jumped from ~22% to ~37% — yet the dollar faded to 101.74, gold closed higher and the S&P 500 fell 1.11%. Here is the full repricing, the levels and what to watch next.
Author  Irene Q.
Yesterday 05: 52
September CPI landed hot: headline 3.7% y/y, core 2.6% y/y and 0.3% m/m. October hike odds jumped from ~22% to ~37% — yet the dollar faded to 101.74, gold closed higher and the S&P 500 fell 1.11%. Here is the full repricing, the levels and what to watch next.
placeholder
Gold defends $4,100 as BofA targets a break below $4,000 — why the Middle East bid is missingSpot gold flushed to $4,099.89, a whisker above October's $4,090 low, then rebounded to close at $4,138.25 (+0.82%) — even as US CPI ran hot. Bank of America sees gold below $4,000 within three months, citing shrinking demand and official-sector selling. Here are the levels, the drivers and what would flip the script.
Author  Irene Q.
23 hours ago
Spot gold flushed to $4,099.89, a whisker above October's $4,090 low, then rebounded to close at $4,138.25 (+0.82%) — even as US CPI ran hot. Bank of America sees gold below $4,000 within three months, citing shrinking demand and official-sector selling. Here are the levels, the drivers and what would flip the script.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 15, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 15, 2026. Read on for the details.
Author  Mitrade
23 hours ago
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 15, 2026. Read on for the details.
Related Instrument
goTop
quote