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Forex Today: US Dollar firms ahead of a packed session
The US Dollar (USD) has extended its recovery on Wednesday following a Consumer Price Index (CPI) report that printed in line with forecasts. The US Dollar Index (DXY) has pushed back above the 100.00 mark, and the bid has broadened out against most majors heading into a data-heavy Thursday.
Wed, Aug 12
Silver Price Forecast: XAG bullish with eyes on 200-day SMA
Silver price surges over 1.40% on Wednesday as the latest inflation report in the United States (US) shows that prices are cooling, on its way towards the Federal Reserve’s goal of 2%. The XAG/USD trades at $65.53.
Wed, Aug 12
Gold price shines above $4,400 as inflation dip fuels Fed relief
Gold price (XAU/USD) registers gains of over 1% on Wednesday as US inflation data aligns with estimates, easing the Federal Reserve’s (Fed) task of further tightening monetary policy. The Consumer Price Index (CPI) continues its downward trajectory.
Wed, Aug 12
Japanese Yen stumbles as US Dollar strengthens
USD/JPY is back around the mid-159.00s area, testing the day's highs after rebounding sharply from a low around the 158.60 level.
Wed, Aug 12
Ethereum Price Forecast: Fidelity plans to add staking to ETH ETF amid yield debate
Asset manager Fidelity has filed with the US Securities and Exchange Commission (SEC) to permit staking in its Ethereum (ETH) exchange-traded fund (ETF), the Fidelity Ethereum Fund (FETH), which holds over $898 million in net assets.
Wed, Aug 12
EUR/USD Price Forecast: Fading bullish momentum puts focus on 1.1500 support
EUR/USD edges lower on Wednesday, reversing earlier gains as the US Dollar (USD) shrugs off in-line US Consumer Price Index (CPI) data. At the time of writing, the pair trades around 1.1521 after touching an intraday high of 1.1563.
Wed, Aug 12
WTI holds firm as Strait of Hormuz concerns outweigh sharp US inventory build
West Texas Intermediate (WTI) Oil trades in a narrow range on Wednesday as traders weigh a sharp rise in US crude inventories against persistent supply risks in the Middle East. At the time of writing, WTI trades around $82.20 per barrel, hovering near a one-and-a-half-week high.
Wed, Aug 12
British Pound holds near 1.3500 as CPI relief meets Hormuz risk
The Pound Sterling holds firm within familiar levels after the US inflation report was aligned with estimates, a relief for the Federal Reserve, which is laser-focussed on tackling higher prices. The GBP/USD trades at around 1.3500 after reaching a high of 1.3546.
Wed, Aug 12
Australian Dollar slips as US Dollar steadies post CPI
AUD/USD is trading near the 0.7070 zone, holding onto a minority of Wednesday's gains after the pair touched a session high near 0.7090.
Wed, Aug 12
Russia Consumer Price Index (MoM) down to 0.5% in July from previous 0.87%
Wed, Aug 12
Gold vs Bitcoin Prediction: XAU eyes $4,500 breakout, BTC dips post US CPI data
Bitcoin (BTC) is extending its decline below $64,000 at the time of writing on Wednesday, as Gold (XAU/USD) maintains its breakout momentum, trading near $4,420.
Wed, Aug 12
Singapore Dollar: Strong Singapore growth supports SGD against US Dollar – Commerzbank
Commerzbank analysts highlight that Singapore’s final Q2 GDP was revised up, lifting H1 growth to 6.1% year-on-year and prompting MTI to raise its 2026 GDP forecast to 4.5–5.5%.
Wed, Aug 12
New Zealand Dollar struggles as political uncertainty overshadows US inflation
NZD/USD retreats to around 0.5865 on Wednesday at the time of writing, down 0.25% on the day. The New Zealand Dollar (NZD) remains under pressure against the US Dollar (USD), while inflation data from the United States (US) triggers only a limited reaction across the foreign exchange market.
Wed, Aug 12
Cooler inflation buys the Dow Jones Industrial Average nothing
The July Consumer Price Index (CPI) landed at 12:30 GMT on every line the consensus had written for it, and the Dow Jones Industrial Average has spent the hours since handing back the few minutes of enthusiasm that followed.
Wed, Aug 12
Japanese Yen pares gains against US Dollar as markets digest US CPI
The Japanese Yen trims its gains against the US Dollar (USD) on Wednesday as in-line US CPI data fails to trigger a significant move. At the time of writing, USD/JPY trades around 159.20 after touching an intraday low of 158.58.
Wed, Aug 12
Oil: Tightening supply supports elevated prices – BNY
BNY notes Crude Oil prices remain elevated as doubts over a U.S.–Iran deal heighten supply concerns. The IEA reports global Oil markets tightened further in July, with demand, supply, refining runs and inventories all affected by geopolitical disruptions and high fuel prices.
Wed, Aug 12
Silver jumps more than 2% after US inflation meets expectations
Silver (XAG/USD) accelerates its advance on Wednesday and trades around $66.00 at the time of writing, up 2.18% on the day.
Wed, Aug 12
US Dollar: Bearish momentum extends after CPI – TD Securities
TD Securities strategists note that July US inflation came in broadly in line with expectations, with headline CPI rising 0.1% m/m and core CPI increasing 0.2% m/m.
Wed, Aug 12
President Trump says US has "total control" of Hormuz
United States (US) President Donald Trump used a post on Truth Social to declare that the US has "total control" over the Strait of Hormuz on Wednesday., Trump boasted about the American naval presence near the Persian Gulf, which he described as "a wall of steel".
Wed, Aug 12
Top AI Coins Forecast: Bittensor, Near Protocol gain as Wintermute plans $1B AI bet
Wintermute, a London-based algorithmic trading company and liquidity provider, is planning to invest roughly $1 billion in high-frequency trading and Artificial Intelligence (AI) data centers over the next five years.
Wed, Aug 12
