United States ISM Manufacturing PMI came in at 46.5, below expectations (47.6) in October

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

EUR/USD: Cautiously optimistic near 1.1550 ahead of the ECB

EUR/USD extends its weekly recovery for the third day in a row on Wednesday, navigating in a sidelined fashion around 1.1550 on the back of humble losses in the US Dollar. In the meantime, market participants continue to closely follow developments in the Middle East while slowly gearing up for the ECB gathering on Thursday.

GBP/USD is hawkish for all the wrong reasons

Pound Sterling was handed a gift on Wednesday and dropped it within the hour. A soft core reading inside the US Consumer Price Index report knocked the Dollar back just long enough for GBP/USD to reclaim the 200-day Exponential Moving Average around 1.3400, tagging session highs just beyond it before the entire move was methodically sold through the US afternoon to a close at the day's lows near 1.3350.

Gold falls to multi‑month low near $4,050 as hot US inflation boosts Fed hawkish bets

Gold price tumbles to around $4,050, the lowest since November 2025, during the early Asian session on Thursday. The precious metal extends the decline as a hot US inflation report and ongoing tensions in the Middle East fueled expectations for higher-for-longer US Federal Reserve interest rates.

Ethereum: Network activity remains elevated despite recent declines

Ethereum Active Addresses have maintained a downtrend since declining from peak levels in early February. The 14-day moving average of the metric shows that unique on-chain participation has been contracting MoM since the sharp decline in February.

From sizzle to fizzle: Tech sinks as Oil puts the Fed tail back on the table

Wall Street was not hit by one punch. It was caught between three swinging doors at the same time: a renewed technology unwind, a fresh geopolitical oil bid, and a wave of equity supply that is starting to look less like capital formation and more like a liquidity test for the entire AI complex.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.