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Chinese Yuan: Gradual upside within defined bands – UOB

United Overseas Bank strategists Quek Ser Leang and Lee Sue Ann expect USD/CNH to edge lower intraday while staying confined to a narrow 6.7000–6.7100 band. Over the coming one to three weeks, they maintain a range-trading view between 6.6950 and 6.7270. On a one to three month basis, they see USD/CNH continuing to drift lower as long as it remains below the cloud resistance near 6.7815.

Silver-bearing ore is scarcer than Copper itself

Copper smelters in China ended September effectively paying miners over $230 a tonne for ore, not because copper is short but because silver-bearing ore is, and that favours silver holders.

Singapore Dollar: Range trade against US Dollar with MAS in focus – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong observe USD/SGD consolidating near recent highs, with bullish daily momentum showing signs of fading and RSI near overbought.

Philippines: One more BSP hike expected in October - Standard Chartered

Standard Chartered Bank economists Jonathan Koh and Edward Lee now expect Bangko Sentral ng Pilipinas to raise its policy rate by 25bps to 5.25% in October, revising their previous call for a hold. They attribute the move to broader September inflation, higher Oil prices and Philippine Peso depreciation. The bank still anticipates easing from Q3-2027 once inflation returns to target.

Market News

CFTC and SEC write parallel crypto rulebooks as CTX and CAM frameworks unveiled

Illustration of two parallel regulatory frameworks channelling crypto market flows

The CFTC has published an advance notice proposing Regulations CTX and CAM, bringing leveraged crypto trading onto federally registered exchanges while the SEC runs its own rulemaking.

The post CFTC and SEC write parallel crypto rulebooks as CTX and CAM frameworks unveiled appeared first on Forex Crunch.

ESMA Asks EU to End Custody of Non-Compliant Stablecoins as Data Shows USDT Retreat

Illustration of a flow of orders meeting a barrier wall, with one arrow deflected into a side channel, in navy, blue and amber

ESMA has asked the European Commission to end EU custody and transfer services for stablecoins that fail MiCA rules, as trading data already shows USDT losing ground on regulated European-facing venues.

The post ESMA Asks EU to End Custody of Non-Compliant Stablecoins as Data Shows USDT Retreat appeared first on Forex Crunch.

SEC proposes crypto custody rules giving advisers a conditional path to self-custody

US Securities and Exchange Commission social media card

The SEC has proposed rules letting investment advisers self-custody crypto when no permitted custodian is available, with quarterly reviews and dual-approval transfers.

The post SEC proposes crypto custody rules giving advisers a conditional path to self-custody appeared first on Forex Crunch.

Community bankers sue the OCC over crypto trust charters

Illustration of a courthouse colonnade overlaid with trading-terminal graphics, representing a lawsuit against a banking regulator

The ICBA sued the OCC over its rule letting non-fiduciary crypto firms obtain national trust bank charters, arguing it exceeds the National Bank Act.

The post Community bankers sue the OCC over crypto trust charters appeared first on Forex Crunch.

UK FCA opens crypto authorization window ahead of 2027 regime

Stylised gateway arch with order-book depth bands and a clock face approaching a deadline marker, in navy, blue and amber

The FCA began accepting crypto authorization applications on 30 September. Firms must apply by 28 February 2027 ahead of the regime taking effect on 25 October 2027.

The post UK FCA opens crypto authorization window ahead of 2027 regime appeared first on Forex Crunch.

 
 
 

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