The British Pound (GBP) is trading practically flat against the US Dollar (USD) on Friday, hardly affected by the weak retail consumption data released earlier in the day. The GBP/USD pair flatlines near 1.3390, just below the monthly high at 1.3419 … [Continue reading]
Canadian Dollar advances as US Dollar weakens on tech earnings, Middle East risk aversion
USD/CAD extends its losing streak for the seventh successive day, trading around 1.4000 during Asian hours on Friday. The pair has depreciated as the US Dollar (USD) struggles under pressure from mounting doubts regarding the sustainability of the AI … [Continue reading]
Ethereum Price Forecast: ETH dips below $2,400 as exchange reserves fall
Ethereum price today: $2,370ETH drops 5% alongside stocks as Middle East tensions and AI-related spending reverse gains from the last two days.Exchange reserves are falling and large wallets are accumulating ETH, which suggests some dip buying.ETH … [Continue reading]
European Central Bank: December hike signalled as markets overprice path – Nomura
Nomura’s Andrzej Szczepaniak, George Buckley and Josie Anderson expect the ECB to keep the depo rate at 2.50% on 29 October, maintaining current quantitative tightening guidance. They project further rate hikes in December 2026 and March 2027, taking … [Continue reading]
WTI Oil Price Forecast: Buyers eye breakout above $100 as upside pressure builds
West Texas Intermediate (WTI) Oil rebounds on Thursday as ongoing tensions in the Middle East keep supply risks elevated, maintaining a significant geopolitical risk premium in energy markets. At the time of writing, WTI trades around $99, hovering … [Continue reading]
New Zealand Dollar weakens amid softer Q3 inflation data
NZD/USD halts its five-day winning streak, trading around 0.5700 during European hours on Thursday. The pair has experienced a decline as the New Zealand Dollar (NZD) faces pressure from softer-than-expected inflation data. Figures released by … [Continue reading]
Ripple and Stellar outlook: XRP and XLM recovery stalls below EMAs
Ripple (XRP) and Stellar (XLM) remain under pressure on Thursday as both struggle to sustain their recent recovery attempts. XRP trades below $1.36, while XLM slips beneath $0.183, as mixed derivatives metrics, weakening momentum indicators and … [Continue reading]
The Japanese Yen barely moves as a Bank of Japan deputy talks up inflation risk
The Bank of Japan (BoJ) has raised its rate twice this year, to 1.25% in September, with core inflation below its 2% target in each of the seven months to August. USD/JPY trades near 158.00 and has held between 157.50 and 159.00 for 12 sessions. BoJ … [Continue reading]
Asia FX: Risk-off bias and safe havens – MUFG
MUFG’s Michael Wan notes stabilising global risk sentiment but highlights growing concerns over sustainability of the AI trade and its spillover to FX markets. He expects 2027 to be more challenging for risk assets, with Asia’s export growth rolling … [Continue reading]
XRP rebound faces technical headwinds as Binance traders cut leverage
Ripple (XRP) appears intent on making a comeback on Wednesday, as the price edges higher above $1.36. The token has sustained gains for the second consecutive day, sending subtle signals of a possible turnaround following the recent sell-off below … [Continue reading]