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Forex Daily

Gold tumbles below $4,200 on higher oil prices, firmer US Dollar

Gold price (XAU/USD) falls to around $4,170 during the early Asian session on Tuesday. The precious metal retreats from a ‌one-week high on a stronger US Dollar (USD) and higher crude oil prices.

The Japanese Yen slips on a Tokyo holiday

Brent climbed above $107 a barrel on Monday with Japan shut for the Health and Sports Day holiday and the US government bond market shut for Columbus Day. USD/JPY closed near 158.60, its highest close since September 24, and its low for the day came within minutes of Brent's.

Bitcoin shows bottoming signs despite recent macro pressures

Bitcoin (BTC) remained range-bound above $82,000 on Monday as upcoming US economic data and onchain indicators weigh on market sentiment.

Euro collapses below 1.12 as Fed hawkish rhetoric lifts the US Dollar

The Euro extends its losses against the US Dollar on Monday, even falling below the psychological 1.1200 level as sellers step in following hawkish comments from a Fed policymaker and growing geopolitical concerns on two fronts: the US-Iran war and Russia’s invasion of Ukraine.

Market News

ESMA gives EU crypto firms three months to unwind non-MiCA stablecoin exposure

Illustration of a three-month wind-down window for stablecoin exposure on a trading terminal

ESMA has told national regulators to make MiCA-licensed firms resolve EU clients' exposure to non-compliant stablecoins within roughly three months, by about 8 January 2027.

The post ESMA gives EU crypto firms three months to unwind non-MiCA stablecoin exposure appeared first on Forex Crunch.

Circle’s USDC earnings are really a bet on US interest rates

Terminal-style illustration of a declining rate curve in blue and amber on dark navy

Circle's Q2 2026: USDC moved $14.8 trillion on-chain, up 151% year over year, yet 95% of Circle's $701.3 million revenue came from reserve interest, mostly US Treasuries.

The post Circle’s USDC earnings are really a bet on US interest rates appeared first on Forex Crunch.

Bitcoin breaks key support as macro bond rout drags crypto lower

Illustration of candlesticks breaking through a support level under bond-market pressure

Bitcoin fell to $82,734 on Bitstamp on 7 October 2026, its lowest of the month, as US 10- and 30-year yields hit 24-year highs and Brent crude reached $102 on Iran's Strait of Hormuz warnings.

The post Bitcoin breaks key support as macro bond rout drags crypto lower appeared first on Forex Crunch.

FinCEN withdraws proposed $10,000 crypto private-wallet reporting rule

Illustration of a compliance monitoring terminal with faded transaction report outlines dissolving away

FinCEN has withdrawn its 2020 proposal requiring reports on $10,000-plus crypto transfers to unhosted wallets and a 2023 mixer rule, in a deregulatory move.

The post FinCEN withdraws proposed $10,000 crypto private-wallet reporting rule appeared first on Forex Crunch.

TD Securities urge caution on OKXICE tokenised stock filing

Illustration of a trading terminal with sceptical, muted market data imagery

TD Securities see limited near-term institutional relevance for OKXICE's plan to tokenize more than 60 US stocks including Nvidia and Tesla, warning the five-year SEC relief may deter large firms.

The post TD Securities urge caution on OKXICE tokenised stock filing appeared first on Forex Crunch.

 
 
 

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