AI Market Pulse, Thursday, 12 November 2026

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

• USD

  USD firm near 19-month highs after a hot October CPI. DXY is consolidating below the 103.08 peak into Friday's PPI, with a 25bp December Fed hike fully priced and some 50bp talk.

  DXY hit a fresh year-to-date high of 103.08, back to April 2025 levels, then eased to around 102.80 as the rally cooled ahead of more Fed speakers.

• EUR

  EUR heavy at 18-month lows near 1.1050 after breaking October's floor. Fed hike repricing drives it, ECB December hike is fully priced, and 1.1000 is the next magnet.

  EUR/USD extended a third daily fall to around 1.1050, slipping below the 1.1066 intraday low.

• GBP

  GBP heavy vs a surging USD: GBP/USD on a three-day slide to four-week lows near 1.3225, with solid UK GDP ignored. Fed-BoE hawkish duel; US PPI, then UK jobs/CPI, decide it.

  GBP/USD extended its losing streak to three days and fell to about 1.3224, the lowest since October 15.

• JPY

  JPY pinned just under USD/JPY 160.00. Fed-hike bets and US 10y above 5% push yen weaker, but MoF warnings at the line where Japan intervened twice this year cap the move.

  USD/JPY touched 160.00 for the first time since early September, briefly traded just above it and then stalled.

• CHF

  CHF heavy after a ~1.7% two-day USD/CHF rally on hot US CPI and December Fed-hike bets. The pair is now correcting from 0.8337 to test 0.8310-0.8315 support, with Fed-SNB divergence still driving.

  USD/CHF peaked at four-week highs near 0.8337-0.8340 after hotter-than-expected US CPI and hawkish Fed remarks lifted the dollar to a fresh yearly high.

• AUD

  AUD heavy at 10-month lows, testing 0.6800 as Fed-RBA divergence widens. An 87% December Fed hike is priced against an RBA pause, and the USD sits at 19-month highs.

  AUD/USD fell about 0.67% toward 0.6800, a fresh low since January.

• CAD

  CAD heavy near four-week lows vs USD as hawkish Fed meets soft Canadian jobs and weaker oil. USD/CAD is consolidating just under 1.4265–1.4300 into Monday's Canada CPI.

  USD/CAD tagged a four-week high at 1.4265 on Thursday, then eased to ~1.4240 as the USD lost some steam in quiet trade.

• NZD

  NZD heavy near 0.5550, pinned just above the 0.5527 YTD low; Fed-RBNZ divergence (Dec Fed hike ~fully priced vs RBNZ 2.75%) dominates. Tuesday's RBNZ inflation-expectations survey is next.

  NZD/USD has fallen three straight days and sits around 0.5550.

• XAU/USD

  Gold in a three-day liquidation to a yearly low near $3,852 as hot CPI, 5% 10y yields and a 19-month DXY high cement December Fed hike bets. Hot PPI is the next test.

  Gold fell nearly 3% on Thursday, taking out $4,000 and $3,950 to print a yearly low of $3,852 before steadying near $3,874.

• XAG/USD

  XAGUSD heavy near $50.15 after losing the $51.15-51.20 weekly floor. Hot CPI and hawkish Fed talk keep hike bets and the USD in control into Friday's PPI.

  Silver fell more than 3% Thursday to around $50.15, breaking the $51.15-51.20 weekly trough.

• BTC/USD

  BTC heavy at 3-month lows near $71.2K after the Nvidia CEO shock and MSCI's Strategy exit. $70K is the line into Friday PPI, with hot-inflation risk still skewed against crypto.

  Jensen Huang's abrupt resignation as Nvidia CEO, with CFO Colette Kress named interim, triggered a tech sell-off that spilled into crypto.

• USOIL

  WTI heavy in the mid-$80s after a ~20% slide from the October peak. Hormuz mine strikes and Trump's 'no deal needed' line put a floor in, but bounces keep failing below $86.80.

  WTI slipped to around $84.75 early Thursday on several drags: a reported 9M-barrel API build, OPEC+ output jumping 2.04M bpd to 41.23M, and Russia-Ukraine peace-talk progress.