Forex News
Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $52.43 per troy ounce, up 0.93% from the $51.95 it cost on Friday.
Silver prices have decreased by 26.24% since the beginning of the year.
Unit measure | Silver Price Today in USD |
|---|---|
Troy Ounce | 52.43 |
1 Gram | 1.69 |
The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 78.05 on Monday, down from 78.27 on Friday.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
(An automation tool was used in creating this post.)
Francesco Pesole at ING argues the recent EUR/USD drop is too sharp versus short-term rate differentials, with the pair around 2.1–2.3% undervalued in their models. He links this to tightened front-end spreads despite risk-off equities and expects EUR/USD to move back above 1.120, while ECB succession discussions should have only contained, short-lived impact on the Euro.
Euro seen undervalued vs Dollar
"The drop in EUR/USD looks too sharp relative to its short-term rate differential. We estimate short-term undervaluation at around 2.1-2.3%, exceeding what has been justified by the French risk premium. That’s mostly because front-end rate differentials have actually tightened on the back of the stock market turmoil, compensating for worsening risk sentiment."
"Unless risk sentiment faces new instability this week, we expect EUR/USD to make its way back above 1.120."
"Overall, the impact on the euro may prove relatively contained and short-lived. There are 21 voting rights for monetary policy decisions at the ECB, and we don’t see any candidate willing to cause seismic changes at this time of elevated uncertainty."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
- US index futures remain mixed as traders await inflation updates and earnings from AI companies this week.
- Nvidia faces pressure following a board probe into CEO Jensen Huang's reported espionage targeted affair.
- Markets digest potential Democratic efforts toward stricter AI regulations and data center growth restrictions.
Dow Jones futures advance 0.65% to trade around 51,720 during the European hours on Monday. Meanwhile, S&P 500 futures gain 0.30% to trade around 7,420 and Nasdaq 100 futures decline 0.12% to trade around 27,050.
US stock futures trade mixed amid easing energy prices and inflationary concerns. Crude oil pulled back after US President Donald Trump stated that further military action against Iran is "highly unlikely," contingent on continued progress on Iran's nuclear program and the Strait of Hormuz remaining open. Trump also acknowledged that the unpopular Middle East conflict had previously inflated energy costs and contributed to recent Republican midterm election losses.
Investors braced for crucial inflation updates and earnings from major AI-related technology companies this week, all while weighing fresh corporate uncertainty surrounding Nvidia. Nvidia is set to remain firmly in the market spotlight after its board launched an independent investigation following allegations that CEO Jensen Huang was targeted in a Chinese honey trap operation.
Earnings releases from key tech players, including CoreWeave, Cisco, and Applied Materials, are scheduled throughout the week, offering further insights into the overall demand and growth outlook for the AI sector. Meanwhile, market participants are heavily focused on Tuesday’s US Consumer Price Index (CPI) report and Friday’s Producer Price Index (PPI) for clearer signals on the Federal Reserve’s upcoming interest rate policy decisions.
Last week, Wall Street posted losses with the Dow Jones Industrial Average falling 0.93%, the S&P 500 dropping 2.68%, and the tech-heavy Nasdaq Composite sliding 3.37%. The broad sell-off was largely driven by growing investor concerns that Democrats could push for stricter AI regulations and potentially restrict data center expansions.
Fed hike expectations seen intact despite recent data
Analysts at Commerzbank Research point out that the Fed’s own projections already lean firmly toward further tightening this year. They note that “of the 18 Fed officials who submitted projections for the appropriate path of interest rates in September, 16 anticipated at least one more rate hike this year,” and judge that “the data released since then are unlikely to have changed that assessment materially.” In their view, the combination of robust October payrolls and still‑elevated inflation reinforces the case for another 25 basis point increase at the December FOMC meeting, in line with the Fed’s earlier guidance.
AI stocks FAQs
First and foremost, artificial intelligence is an academic discipline that seeks to recreate the cognitive functions, logical understanding, perceptions and pattern recognition of humans in machines. Often abbreviated as AI, artificial intelligence has a number of sub-fields including artificial neural networks, machine learning or predictive analytics, symbolic reasoning, deep learning, natural language processing, speech recognition, image recognition and expert systems. The end goal of the entire field is the creation of artificial general intelligence or AGI. This means producing a machine that can solve arbitrary problems that it has not been trained to solve.
There are a number of different use cases for artificial intelligence. The most well-known of them are generative AI platforms that use training on large language models (LLMs) to answer text-based queries. These include ChatGPT and Google’s Bard platform. Midjourney is a program that generates original images based on user-created text. Other forms of AI utilize probabilistic techniques to determine a quality or perception of an entity, like Upstart’s lending platform, which uses an AI-enhanced credit rating system to determine credit worthiness of applicants by scouring the internet for data related to their career, wealth profile and relationships. Other types of AI use large databases from scientific studies to generate new ideas for possible pharmaceuticals to be tested in laboratories. YouTube, Spotify, Facebook and other content aggregators use AI applications to suggest personalized content to users by collecting and organizing data on their viewing habits.
Nvidia (NVDA) is a semiconductor company that builds both the AI-focused computer chips and some of the platforms that AI engineers use to build their applications. Many proponents view Nvidia as the pick-and-shovel play for the AI revolution since it builds the tools needed to carry out further applications of artificial intelligence. Palantir Technologies (PLTR) is a “big data” analytics company. It has large contracts with the US intelligence community, which uses its Gotham platform to sift through data and determine intelligence leads and inform on pattern recognition. Its Foundry product is used by major corporations to track employee and customer data for use in predictive analytics and discovering anomalies. Microsoft (MSFT) has a large stake in ChatGPT creator OpenAI, the latter of which has not gone public. Microsoft has integrated OpenAI’s technology with its Bing search engine.
Following the introduction of ChatGPT to the general public in late 2022, many stocks associated with AI began to rally. Nvidia for instance advanced well over 200% in the six months following the release. Immediately, pundits on Wall Street began to wonder whether the market was being consumed by another tech bubble. Famous investor Stanley Druckenmiller, who has held major investments in both Palantir and Nvidia, said that bubbles never last just six months. He said that if the excitement over AI did become a bubble, then the extreme valuations would last at least two and a half years or long like the DotCom bubble in the late 1990s. At the midpoint of 2023, the best guess is that the market is not in a bubble, at least for now. Yes, Nvidia traded at 27 times forward sales at that time, but analysts were predicting extremely high revenue growth for years to come. At the height of the DotCom bubble, the NASDAQ 100 traded for 60 times earnings, but in mid-2023 the index traded at 25 times earnings.
- EUR/USD approaches 1.1200 after bouncing from lows near 1.1130 on Friday.
- The ongoing diplomatic efforts to end the US-Iran war and lower Oil prices have contributed to easing AI concerns at the week's opening.
- Strong US data and Fed tightening hopes are likely to limit Dollar losses.
The Euro (EUR) appreciates about 0.4% against the US Dollar (USD) on a calm week opening, and a mild appetite for risk, which has offset the downbeat German Trade Balance data released earlier on Monday. The EUR/USD pair is trading at the 1.1190 area at the time of writing, up from Friday’s high at 1.1130.
A mild optimism prevails at the week's opening, with the main European equity indexes showing moderate advances, as AI fears have eased, at least for now, and diplomatic efforts to end the Middle East conflict continue. Brent Oil prices consolidate below the key $100 level, which provides important relief to the Eurozone’s Oil-importing economies.
The positive market sentiment has offset the downbeat German Trade Balance figures seen earlier on Monday. Data released by Destatis revealed that the trade surplus narrowed to EUR 15.6 billion in September, from EUR 17.8 billion in August, against expectations of a EUR 19.2 billion surplus, as imports increased well above exports.
The safe-haven USD dives despite strong NFP data and Fed tightening hopes
In the US, Nonfarm Payrolls data released on Friday beat expectations, with net jobs increasing by 165K, overshooting the market consensus of a 65K growth, and the Unemployment rate declining to 4.1%.
These figures have strengthened market expectations that the Federal Reserve (Fed) will hike interest rates again at its December meeting, a view that was backed by New York Fed President John Williams, St. Louis Fed President Alberto Musalem, and San Francisco Fed President Mary Daly later in the day.
Analysts at Commerzbank Research observe that “of the 18 Fed officials who submitted projections for the appropriate path of interest rates in September, 16 anticipated at least one more rate hike this year (...) “the data released since then are unlikely to have changed that assessment materially,” says the bank in a note.
Economic Indicator
Trade Balance s.a.
The Trade Balance released by the Statistisches Bundesamt Deutschland is a balance between exports and imports of total goods and services. A positive value shows a trade surplus, while a negative value shows a trade deficit. It is an event that generates some volatility for the EUR. If a steady demand in exchange for German exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the EUR.
Review Alex Nekritin's Article - Trading the Euro with Germany Trade Balance
Last release: Mon Nov 09, 2026 07:00
Frequency: Monthly
Actual: €15.6B
Consensus: €19.2B
Previous: €19.5B
Source: Federal Statistics Office of Germany
Economic Indicator
Imports (MoM)
Imports of goods and services, released by Statistiches Bundesamt Deutschland, consist of transactions in goods and services (purchases, barters, gifts or grants) from non-residents to residents.
Read more.Last release: Mon Nov 09, 2026 07:00
Frequency: Monthly
Actual: 4.2%
Consensus: 0.5%
Previous: 0.9%
Source: Federal Statistics Office of Germany
Fed hike expectations underpinned by solid us labor market
Analysts at Commerzbank Research argue that recent data leave the Federal Reserve with room to tighten policy further, noting that “on balance, the U.S. labor market remains solid and poses no obstacle to further interest rate hikes.” The bank points out that “of the 18 Fed officials who submitted projections for the appropriate path of interest rates in September, 16 anticipated at least one more rate hike this year,” and judges that “the data released since then are unlikely to have changed that assessment materially.”
- USD/IDR falls as sliding oil prices after Trump's Middle East comments weigh on energy costs and the US Dollar.
- Downside for the US Dollar remains capped by strong US Nonfarm Payrolls and 78%+ December Fed hike odds.
- Elevated crude costs pressure Indonesia's fiscal outlook, prompting Bank Indonesia to intervene to curb volatility.
USD/IDR loses ground after posting modest gains in the previous day, trading around 18,100 during Asian hours on Monday. The USD/IDR pair depreciates as the US Dollar (USD) faces challenges amid easing energy prices.
Crude oil pulled back after US President Donald Trump stated that further military action against Iran is "highly unlikely," contingent on continued progress on Iran's nuclear program and the Strait of Hormuz remaining open. Trump also acknowledged that the unpopular Middle East conflict had previously inflated energy costs and contributed to recent Republican midterm election losses.
However, downside risk for the Greenback remains limited due to robust US labor market data that has heightened expectations for continued monetary tightening. According to the CME FedWatch tool, market-implied probabilities for a 25-basis-point rate hike at the December Federal Open Market Committee (FOMC) meeting have surged past 78%.
Fed hawkish sentiment is backed by October Nonfarm Payrolls (NFP), which added 165,000 jobs, substantially outperforming the 65,000 consensus estimate and building on September's revised 60,000 figure, while the Unemployment Rate dipped to 4.1%, beating forecasts of 4.2%. Investors are now awaiting Tuesday's Consumer Price Index (CPI) and Friday's Producer Price Index (PPI) reports for definitive signals on the Federal Reserve's policy trajectory.
However, the Indonesian Rupiah (IDR) may face downward pressure from elevated oil prices, which are straining fiscal conditions given Indonesia's status as a net oil importer. In response to this ongoing currency volatility, Bank Indonesia (BI) actively intervened in the foreign exchange market to smooth exchange rate fluctuations. Consequently, foreign exchange reserves edged slightly higher to USD 146.8 billion in October.
Meanwhile, market participants are closely monitoring upcoming equity catalysts. Traders are awaiting MSCI's November review later this week, alongside updates regarding its eventual decision on Indonesia's market classification, which is expected by June 2027.
US labor data averages point to solid Fed-consistent full employment
Analysts at Commerzbank argue that the recent volatility in monthly payroll prints is best assessed through a longer lens, noting that “given these fluctuations, it makes sense to look at averages over several months.” They highlight that “over the past six months, payrolls have risen by an average of 83,000 per month,” a pace that “may not seem like much” at first glance but, with immigration “significantly lower,” is nonetheless “enough to keep the unemployment rate steady at just over 4% – a level the Federal Reserve considers consistent with full employment.”
Indonesian Rupiah FAQs
The Indonesian Rupiah (IDR) is sensitive to a dynamic mix of global market conditions, domestic economic fundamentals, commodity price shifts, and proactive central bank interventions. As an emerging market currency, the Rupiah’s trajectory depends heavily on both domestic resilience and international economic momentum.
Bank Indonesia (BI) plays a central role in stabilizing the Rupiah through strategic monetary policy and direct market operations. By adjusting benchmark interest rates, the central bank manages yield differentials against major global central banks like the US Federal Reserve to attract and retain foreign portfolio investments. BI also utilizes a "triple-intervention" framework—operating across spot, derivative (DNDF), and government bond markets- to smooth out currency volatility, complemented by monetary instruments like Sekuritas Rupiah Bank Indonesia (SRBI) to bolster capital inflows.
From a broader macroeconomic perspective, domestic inflation rates, trade performance, and overall fiscal health dictate the IDR's underlying strength. Indonesia's trade and current account balances are closely tied to these fundamentals, while broader global factors, such as risk-on or risk-off sentiment among international investors and global liquidity trends, directly affect exchange rate movements.
As a major exporter of commodities such as palm oil, coal, nickel, and natural gas, Indonesia benefits from higher global commodity prices, which generate trade surpluses, increase foreign currency inflows, and strengthen the Rupiah. However, because Indonesia is also a net importer of crude oil, elevated global oil prices increase the foreign exchange burden, widening the current account deficit and weighing on the currency's value.
- AUD/NZD dives nearly 0.7% on Monday and hits fresh three-week lows below 1.2300.
- The New Zealand Dollar rallies on Monday as provisional results give the coalition government a narrow lead after Sunday's elections.
- Bears are looking at key support in the area between 1.2265 and 1.2270.
The Aussie Dollar (AUD) accelerated its decline against a stronger New Zealand Dollar (NZD) on Monday, as provisional results from New Zealand’s general election gave the governing coalition a tight win. The AUD/NZD pair dives 0.7% in the day so far, hitting session lows just below1.2300, with bears looking at the bottom of the last two months’ trading range, in the 1.2265-1.2270 area.
The first results of New Zealand’s elections show that Prime Minister Christopher Luxon’s centre-right National Party, together with his coalition partner, the Labour Party, have held 67 of the 131 seats in the parliament, which would give them a narrow majority. Final results, however, will have to wait until November 27, and the leaders of the major parties affirmed that they will wait until then to start negotiations.
On the macroeconomic front, data from China has been mixed on Monday. The Consumer Price Index (CPI) slowed down to a 0.7% yearly growth in October, from 0.9% in September, although the Producer Price Index surged 5.7% year-on-year, its highest level in more than four years. Both the Aussie and the Kiwi appreciated after the data release.
Technical Analysis: Bears aim for key support at the 1.2265 area
AUD/NZD trades at 1.2299, extending its slide from late October highs, below the bottom of the descending channel. Momentum indicators on 4-hour charts show a deeply bearish market, with the Relative Strength Index (14) nearing, but not yet at, oversold levels and the Moving Average Convergence Divergence (MACD) histogram showing widening red bars pointing to risks of further downside before any meaningful recovery.
Below the 1.2300 level, bears are likely to be tempted to retest September 8 and October 16 lows in the 1.2265-1.2270 area. Further down. the next target would be the September 4 low at 1.2220, although this level seems a bit out of reach for the coming sessions.
On the topside, initial resistance is seen at the channel’s lower boundary around 1.2335, followed by the previous support area ahead of 1.2375 (November 5 and 6 lows) and the 1.2425 area, where Friday's peak meets the channel's top.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
New Zealand Dollar Price Today
The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.38% | -0.47% | -0.38% | -0.26% | -0.41% | -0.99% | -0.31% | |
| EUR | 0.38% | -0.09% | 0.00% | 0.12% | -0.03% | -0.62% | 0.07% | |
| GBP | 0.47% | 0.09% | 0.11% | 0.20% | 0.05% | -0.54% | 0.15% | |
| JPY | 0.38% | 0.00% | -0.11% | 0.12% | -0.03% | -0.62% | 0.07% | |
| CAD | 0.26% | -0.12% | -0.20% | -0.12% | -0.15% | -0.74% | -0.05% | |
| AUD | 0.41% | 0.03% | -0.05% | 0.03% | 0.15% | -0.59% | 0.10% | |
| NZD | 0.99% | 0.62% | 0.54% | 0.62% | 0.74% | 0.59% | 0.69% | |
| CHF | 0.31% | -0.07% | -0.15% | -0.07% | 0.05% | -0.10% | -0.69% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).
Deutsche Bank highlights Gold rises to $4,100 region after a strong +5.06% weekly performance, its best since August. The bank attributes the move to risk-off sentiment from the AI-driven equity selloff and falling Oil prices. With equities under pressure and bond yields retreating, Gold benefited as a defensive asset in the current macro backdrop.
Safe-haven bid after equity turmoil
"Credit was actually fairly flat on both sides of the Atlantic but the risk-off tone in equities meant it was a good week for gold, which was up +5.06% (-0.42% Friday) in its best week since August."
"So along with the risk-off tone from the AI selloff, that helped to bring down sovereign bond yields around the world."
"Meanwhile, the 10-year US Treasury yield is up +1bps at 4.87% and Brent down around a percent as I type."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Commerzbank Research argues that strong October payrolls and still‑elevated inflation back expectations for another Federal Reserve rate increase in December. The bank highlights that most Fed officials already projected at least one more hike this year, and sees recent data as unlikely to alter that stance. It anticipates a further 25 basis point rise in the policy rate at the upcoming FOMC meeting.
Strong data back December hike call
"The report reinforces our view that the Federal Reserve will raise rates again in December because of inflation risks."
"Of the 18 Fed officials who submitted projections for the appropriate path of interest rates in September, 16 anticipated at least one more rate hike this year. The data released since then are unlikely to have changed that assessment materially."
"Following October's pause in rate hikes, attention now turns to the Federal Open Market Committee's December meeting. Today's figures reinforce our view that the Fed will raise its policy rate by another 25 basis points at that meeting."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Forex Market News
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