AI Market Pulse, Wednesday, 11 November 2026

The AI’s last read of the day on each major currency, gold, silver, oil and bitcoin.

• USD

  USD at fresh yearly highs after a hot CPI and Waller's 50bp threat. A 25bp December hike is fully priced, so further gains need the 50bp debate kept alive by PPI and Fed speakers.

  The dollar extended its post-CPI rally across the board.

• EUR

  EUR heavy after testing the 1.1100 range floor as hot US CPI locks in a December Fed hike; ECB hawkishness is already known, so Lagarde must surprise to stem the slide.

  EUR/USD fell for a second day, from the 1.1150-1.1166 area to 1.1092, its first push below the 1.1100 floor of the five-week 1.1100-1.1300 range.

• GBP

  GBP heavy vs a Fed-driven USD, sub-1.3300 at a three-week low. BoE hawks (Greene, Lombardelli) keep the crosses supported into Thursday's UK GDP (Q3 f/c 0.7%).

  GBP/USD extended its slide below 1.3300 as hot US CPI (core 0.3% MoM vs 0.2%) and Fed hawks pushed the DXY toward 103.00 and US 10y yields to 5%.

• JPY

  Yen on the back foot: USD/JPY broke a seven-week range to just under 160.00 on a hot US CPI. Fed-driven USD strength is running into the 160 intervention line.

  USD/JPY extended gains to about 159.65 and then pushed just under 160.00, its highest since September 2.

• CHF

  CHF on the back foot. USD/CHF is near 0.8335, a four-week high, as hot US CPI lifts December Fed-hike odds to ~85% against an SNB at 0%. Haven demand is fading as Middle East tensions ease.

  A hotter-than-expected US inflation report and hawkish Fed remarks drove a broad USD rally to a fresh yearly high.

• AUD

  AUD heavy near 7-month lows sub-0.6850. Hot US CPI lifted Dec Fed hike odds to 87% while the RBA leans to a pause, so policy divergence drives the trade.

  AUD/USD lost about 0.9% on Tuesday through 0.6900 after hot US core CPI (+0.3% MoM) and Waller's 50bp-hike warning.

• CAD

  CAD on the back foot: Fed-hike repricing, weak Canadian jobs and softer oil have pushed USD/CAD to a four-week high at 1.4230. Monday's Canada CPI is the CAD-specific test.

  A hotter-than-expected US October CPI cemented December Fed hike bets and lifted the USD across the board.

• NZD

  NZD heavy at ~0.5565 after hot US CPI erased half its election bounce. Fed-hike vs dovish-RBNZ divergence is back in charge, with the 0.5540-0.5560 lows in view.

  NZD/USD fell 0.68% on Wednesday to around 0.5565 as October US CPI came in hotter than expected and revived Fed tightening bets.

• XAU/USD

  Gold heavy just under $4,000 after hot CPI pushed 10y yields to 5% and December Fed hike odds to 87%. Bears control while it stays capped below $4,050.

  Gold extended Tuesday's ~2.7% plunge, slipping back below $4,000 (~$3,999, -0.7%).

• XAG/USD

  Silver resilient: it erased most of Tuesday's CPI-driven drop and is back near $52.35-52.90 despite firmer yields and USD. Hawkish Fed largely priced; $53.00 caps it into PPI.

  Silver rebounded 1.6-2.7% on Wednesday to about $52.35-52.92 after Tuesday's slide to roughly $51.23.

• BTC/USD

  BTC heavy near $73.7K–74K after hot CPI revived Fed-hike fears. Stablecoin drain, ETF outflows and short-term-holder loss-selling put a $70K test in focus.

  BTC slipped to ~$73,700 overnight as $744M in liquidations followed hotter-than-expected CPI and rising US yields.

• USOIL

  WTI bouncing off two-month lows near $83 to consolidate ~$85.50, but trend stays lower on US-Iran deal hopes. The rally is headline-driven and capped by an API build and a hawkish-Fed USD.

  WTI rebounded more than $2 from Tuesday's lows near $83.00 and consolidated around $85.50–85.70.