Gold defies Fed hike bets, tops $4,100 as Oil rout hits the USD

Gold (XAU/USD) price rises over 1.50% above $4,130 on Monday as the Greenback weakens, even though last Friday’s stellar US jobs data triggered a modest hawkish repricing, with markets increasing bets on a Federal Reserve (Fed) rate hike in December.

United States 3-Year Note Auction down to 4.627% from previous 4.932%

Forex Today: US inflation in the limelight

The US Dollar (USD) has partially faded Friday’s strong advance, coming under fresh downside pressure following reignited speculation over a probable US-Iran agreement, which in turn weighed heavily on crude oil prices.

Argentina Industrial Output n.s.a (YoY) increased to -1.8% in September from previous -3.2%

Fed’s Barkin sees rates near neutral, offers no December signal

Richmond Federal Reserve (Fed) President Tom Barkin said that “government, not consumer debt is at a historic level.” He added that there’s “no base case” regarding interest rates for the December meeting.

Nigeria tells stablecoin issuers: get licensed or leave

Nigeria's central bank has issued a licensing framework for stablecoin issuers: capital minimums, full reserve backing and a window for existing operators.

The post Nigeria tells stablecoin issuers: get licensed or leave appeared first on Forex Crunch.

CFTC gives exchanges 30 days to end geographic access restrictions

The CFTC has ordered designated contract markets to end domestic geographic access restrictions within 30 days under its Impartial Access Requirements interpretation, or explain why they cannot comply.

The post CFTC gives exchanges 30 days to end geographic access restrictions appeared first on Forex Crunch.

Bitcoin falls to seven-week low as over $1 billion in crypto longs liquidated

Bitcoin fell below $76,000 to a seven-week low as over $1.1 billion in long positions were liquidated and spot Bitcoin ETFs bled outflows.

The post Bitcoin falls to seven-week low as over $1 billion in crypto longs liquidated appeared first on Forex Crunch.

Hyperliquid Strategies files with CFTC to become a futures commission merchant

Hyperliquid Strategies has filed with the CFTC to register as a futures commission merchant, aiming to carry US client accounts for Hyperliquid's HIP-3 permissioned markets.

The post Hyperliquid Strategies files with CFTC to become a futures commission merchant appeared first on Forex Crunch.

Bhutan’s Gelephu central bank cleared to hold crypto in reserves

A royal decree has given the Gelephu Central Bank explicit legal permission to hold crypto in reserves, though no purchase is confirmed.

The post Bhutan’s Gelephu central bank cleared to hold crypto in reserves appeared first on Forex Crunch.