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What Silver (and I) told you
The center of the FX market remains the USD/JPY carry trade and, so far, bulls have held on relatively well. To be sure the pair has pushed down by more than 1,000 pips in the past six weeks which may not sound like buyers are holding the bid, but given the backdrop and the fact that we haven't seen a larger case of unwind, I think credit should be given to the fact that buyers have, so far, responded to pullbacks quite well.
NZD/USD Price Forecast: Kiwi breaks 0.5800 as bears take control
Gold remains at an important inflection point after the August rally gave way to a sharp correction late last month. Price has since stabilized at support near the yearly open, but the September range remains unresolved as traders await fresh direction.
Pound Sterling Price News and Forecast: GBP/USD under pressure as hot PPI puts Fed hike in play
Gold bulls blink as hot US PPI, $100 Oil send yields flying
Why Silver costs $8 more in Shanghai
Today's session has been particularly relevant for the euro's performance in the short term. After the EUR/USD registered a decline of nearly 0.3% during the session, the European currency has managed to recover a large part of its losses.
Nordea expects further ECB increases in December and March, while Scotiabank sees scope towards 1.1700 if EUR/USD clears resistance. The Euro to Dollar (EUR/USD) exchange rate recovered from a sharp fall below 1.1600 on Thursday as investors assessed US producer-price inflation and the European Central Bank's latest rate increase.
The strong rally in the oil markets provided additional support to the American currency.
![The battle of the Gold whales [Video]](https://static.pipvero.com/pipvero/uploads/2026-09/general-1-1789056665-f0e9dc1b95fc7bbb.webp)
The battle of the Gold whales [Video]
Silver slides below $65 as US PPI revives Fed rate-hike bets
Gold drops as $100 WTI drives Treasury yields above 4.9%, strengthening the dollar and putting $4,319 support in focus ahead of Friday's CPI.
Silver selloff deepens as us PPI lifts Fed hike expectations
British Pound: Consolidation against US Dollar before UK data and BoE – Scotiabank
