Briefings

Friday, 13 November 2026

Week in Review: Fed hike bets put the dollar at 19-month highs; gold, silver and bitcoin take the hit

The week belonged to the Fed. A hot US CPI on Tuesday (0.4% MoM vs 0.3% forecast, core 0.3% vs 0.2%) and a run of hawkish Fed speakers built roughly 85bp of Dec/Jan hikes into the curve.

New York Open: Dollar firm into US PPI; USDCHF extends, EURUSD sits on its 19-month low

US October PPI at 13:30 UTC is the event.

London Open: Crypto rout deepens in Asia, BTC under $69K; dollar steady at highs into US PPI

Crypto did the damage overnight. BTCUSD is down 3.41% since the Asia Open at 68867.01 and ETHUSD is down 4.14% at 1931.3, after more than $1.4B of liquidations and ETF outflows.

Asia Open: Quiet Asia open: USDJPY parked at 159.85 under 160.00, Williams is first test

Little has changed since the Daily Wrap. USDJPY is flat at 159.849 and EURUSD at 1.1055 is trading a range just 0.05 times normal.

Thursday, 12 November 2026

Daily Wrap: Gold drops 2.89% to a yearly low as Fed-hike bets keep the dollar on top

The dollar stayed in charge into the close.

New York Open: Dollar cools below highs into claims and Fedspeak; gold slides to 3937.62

London took some heat out of the dollar. USD's 24h strength score eased to 0.35 from 0.63 in the last note.

London Open: UK Q3 GDP lands into a firm dollar; USDJPY at 159.85 presses the 160.00 line

Asia added to the dollar's lead. USD tops the 24h strength table at 0.63, up from 0.58 in the last note, and NZD is now bottom at -0.43.

Asia Open: USDJPY idles at 159.629 under the 160 line as AUD inflation expectations open Asia

Little has changed in FX since the Daily Wrap.

Wednesday, 11 November 2026

Daily Wrap: Dollar ends the day at yearly highs as gold loses $4,000 and USDJPY sits just under 160

The dollar finished the FX day on top. USD leads our strength table at 0.55 with CHF bottom at -0.54.

New York Open: USDJPY pushes above its 159 range top as the dollar bid extends; no US data today

London extended the dollar bid. USD leads our strength table at 0.78, USDJPY is at 159.189, above the 159.032 D1 range top, and USDCHF is up 0.62% on the day with CHF last at -0.5.

London Open: Nikkei +1.9%, silver +2.9% in Asia; USD still on top into German HICP, Lagarde

Asia leaned risk-friendly. JPN225 rose 1.86% and NAS100 1.01% since the Asia Open note.

Asia Open: Quiet Asia open: USDJPY at 158.7 near range top as Bowman, Paulson speak

Little has changed since the Daily Wrap. USD still leads our strength table at 0.59 and AUD is weakest at -0.35.

Tuesday, 10 November 2026

Daily Wrap: Hot US CPI lifts the dollar across the board; gold -2.46% and silver -3.34% on day

US October CPI ran hot. Headline came in at 0.4% m/m vs 0.3% forecast and core at 0.3% vs 0.2%.

New York Open: US CPI at 08:30 ET: core seen at 0.2% m/m as Waller's hike warning weighs on metals

US October CPI lands at 13:30 UTC (08:30 ET).

London Open: WTI slips toward its $84.25 low and metals ease as FX coils into 13:30 UTC US CPI

Asia was quiet in FX, with EURUSD ranging 0.25x a normal day and USDJPY 0.28x.

Asia Open: NZD extends election bounce into Asia as WTI sits just above its two-month-low zone

Little has changed since the Daily Wrap. Ranges are well below normal (EURUSD 0.07x typical, USDJPY 0.1x), and US500 is +0.01% on the day after its 2.29% 24h gain.

Monday, 9 November 2026

Daily Wrap: WTI down 4.63% on Iran-deal hopes as USD sinks; US500 up 2.63% before Tuesday's CPI

Oil set the tone. XTIUSD fell 4.63% on the day to 86.67 after Trump called further Iran strikes 'highly unlikely' and Iraq secured US agreement to resume Hormuz exports.

New York Open: WTI drops 2.67% on Iran-deal hopes as USD stays weakest; Fed speakers and Bailey ahead

No high-impact US data in today's calendar.

London Open: Dollar slips across the board; NZD leads on coalition count, gold up 1.13%

USD is at the bottom of the strength table on -0.36 and NZD is at the top on 0.73.

Asia Open: NZDUSD up 0.4% at the open with no election result in our feed; China CPI next

NZD tops the strength table at 0.31 and USD sits at the bottom on -0.11.

Sunday, 8 November 2026

Week Ahead: US CPI on Tuesday tests 77% Dec Fed hike odds after NFP put the dollar back on top

The week turns on US CPI, Tue 13:30 UTC. Headline MoM is forecast at 0.3% (prior 0.6%) and core MoM at 0.2% (prior 0.3%); no YoY forecasts are in our feed.

Friday, 6 November 2026

Week in Review: Blowout NFP caps a week of oil flush and AI sell-off; dollar finishes on top

US payrolls rewrote the end of the week. NFP printed 165K vs 65K expected, wages ran 0.4% m/m and 3.1% y/y, and unemployment fell to 4.1%.

New York Open: Payrolls at 08:30 ET land on a risk-off tape: dollar leads, European stocks slide

The US jobs report lands at 13:30 UTC. NFP is forecast at 65K (prior 29K), average hourly earnings at 0.3% m/m and 2.9% y/y, and unemployment at 4.2%.

London Open: Dollar leads into payrolls as gold and Aussie slide; yen gives back wage-beat gains

The dollar has replaced the yen at the top of the 24h strength table, USD 0.83 vs JPY 0.59, with AUD last at -1.41.

Asia Open: Equity slide carries into Asia; yen firm as Japan wages land (f/c 3.8%)

The selling has not stopped since the Daily Wrap.