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

Indices

Forex Today: Attention is back to the real economy

Source Fxstreet

The US Dollar continued its ascent, reaching fresh 2024 highs, even as the Trump-led rally showed signs of slowing and US yields dipped slightly ahead of a busy economic calendar on Friday.

Here is what you need to know on Friday, November 15:

The US Dollar Index (DXY) printed a new 2024 peak north of 107.00 despite declining US yields across the curve. Retail Sales will be at the centre of the debate across the pond, seconded by the NY Empire State Manufacturing Index, Export and Import Prices, Industrial and Manufacturing Production, and Business Inventories.

EUR/USD broke below the 1.0500 support to hit new 2024 lows amidst the incessant move higher in the Greenback. Germany’s Wholesale Prices are due along with speeches by the ECB’s McCaul, Lane, and Cipollone.

GBP/USD broke below the 1.2700 support to reach new lows amid further gains in the Greenback. The advanced Q3 GDP Growth Rate figures takes centre stage on the UK docket, followed by Business Investment, Goods Trade Balance, Industrial and Manufacturing Production, Construction Output, the final Q2 Labour Productivity index, and the NIESR Monthly GDP Tracker.

USD/JPY climbed past the 156.00 hurdle for the first time since mid-July on the back of further gains in the US Dollar. Key data releases in Japan will include flash Q3 GDP Growth Rate, Capacity Utilization, Industrial Production, and the Tertiary Industry Index.

Extra strength in the Greenback and the inconclusive price action in the commodity complex dragged AUD/USD to new lows near 0.6450. The RBA’s Jones will be the sole event Down Under at the end of the week.

WTI prices added to Wednesday’s marginal gains and shifted their focus to the key $70.00 mark on the back of a positive EIA’s weekly report.

Prices of Gold advanced marginally and regained the $2,570 region after bottoming out in new lows near $2,535 earlier in the day. Silver prices bounced off the sub-$30.00 zone per ounce, making a decent U-turn and eventually ending the day with marked gains.

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

Recommended Articles

Gold Price Forecast: Gold Price Falls Below $4,000, PCE Data May Push Gold Down to $3,900 As of today (June 25) during the Asian session, gold ( XAUUSD) was last priced at $3,976.90, down 0.54% on the day. After gold prices fell below $4,000 yesterday, they fluctuated around $

Author TradingKey

14 hours ago

As of today (June 25) during the Asian session, gold ( XAUUSD) was last priced at $3,976.90, down 0.54% on the day. After gold prices fell below $4,000 yesterday, they fluctuated around $

Crypto market sheds over 50% of its value amid Bitcoin's brief decline below $60K The crypto market has erased more than half of its value since reaching an all-time high in late 2025. The decline underscores the severity of the recent bear market and lack of a fresh catalyst to revive investor interest, according to a Wednesday X post by The Kobeissi Letter.

Author FXStreet

21 hours ago

The crypto market has erased more than half of its value since reaching an all-time high in late 2025. The decline underscores the severity of the recent bear market and lack of a fresh catalyst to revive investor interest, according to a Wednesday X post by The Kobeissi Letter.

Gold Price Trend Forecast: Gold Price Risks Falling Below $4,000, PCE Data Is Key As of the European session today (June 24), gold prices ( XAUUSD) remained weak and fell intraday, touching an intraday low of $4,050 to hit a near two-week low, signaling clear short-ter

Author TradingKey

Yesterday 09: 11

As of the European session today (June 24), gold prices ( XAUUSD) remained weak and fell intraday, touching an intraday low of $4,050 to hit a near two-week low, signaling clear short-ter

$4,050: Gold dives to fresh two-week low as Fed rate hike bets boost US Dollar Gold (XAU/USD) drifts lower for the second straight day – also marking the fifth day of a negative move in the previous six – and drops to a nearly two-week low during the Asian session on Wednesday.

Author FXStreet

Yesterday 06: 10

Gold (XAU/USD) drifts lower for the second straight day – also marking the fifth day of a negative move in the previous six – and drops to a nearly two-week low during the Asian session on Wednesday.

WTI languishes near March lows, holds above mid-$72.00s amid easing supply concerns West Texas Intermediate (WTI) – the benchmark US Crude Oil price – consolidates during the Asian session on Wednesday and currently trades just above mid-$72.00s, near its lowest level since early March, touched the previous day.

Author FXStreet

Yesterday 01: 16

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – consolidates during the Asian session on Wednesday and currently trades just above mid-$72.00s, near its lowest level since early March, touched the previous day.

Related Instrument