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Forex Daily

The New Zealand Dollar takes its winning streak into the inflation report

Stats NZ's third-quarter Consumer Price Index (CPI) comes at 21:45 GMT on Wednesday, with NZD/USD just under its 50-day average and the Reserve Bank of New Zealand (RBNZ) deciding on October 28. The pair trades just above 0.5700 after five straight daily gains, its highest since September 23.

Taiwan Dollar: Strong exports but FX under strain – Commerzbank

Commerzbank’s Lay and Hao highlight Taiwan’s record export orders driven by AI-related ICT and electronics, supporting a robust export-led expansion into Q4.

Gold rebounds from 1 (100%) support Arc. Potential advance toward 4,227

Based on Arc Cycle Analysis applied to the 4h chart, Gold Spot/U.S. Dollar has rebounded from the 1 (100%) Support Arc within the current Arc Cycle after failing to break below this strong support.

Silver Price Forecast: Failed rebound leaves $57 exposed

Silver (XAG/USD) retreats on Wednesday after hitting a daily high of $58.18, falling below the $58.00 mark as the US Dollar strengthens amid rising US Treasury yields. At the time of writing, XAG/USD trades at $57.87 a troy ounce, down 0.20%.

Dow Jones Industrial Average climbs with the AI trade, led by a bank

The Dow Jones Industrial Average got most of its share of Wednesday's artificial intelligence (AI) rally from a bank and a bulldozer maker. The index closed near 52,800, its highest close since early September.

Market News

Tether says Iran-linked USDT volumes fell 94% after freezes

Stylised illustration of a frozen wallet block contained within a blue pane on a dark financial terminal backdrop

Tether CEO Paolo Ardoino says wallet freezes cut Iran-linked USDT volumes 94%, rebutting a Senate report on shadow banking flows. He posted the figures on 19 October.

The post Tether says Iran-linked USDT volumes fell 94% after freezes appeared first on Forex Crunch.

EBA classifies Circle’s USDC as EU’s first ‘significant’ e-money token under MiCA

Stylised illustration of a regulatory oversight handover over abstract market depth bands, in navy, blue and amber

The EBA has classified Circle's USDC as the EU's first significant e-money token under MiCA, with joint EBA-ACPR supervision from 12 November 2026.

The post EBA classifies Circle’s USDC as EU’s first ‘significant’ e-money token under MiCA appeared first on Forex Crunch.

BIS paper: banks can slow stablecoin growth by paying savers more

Stylised financial-terminal illustration of money flow between bank deposits and stablecoins

A BIS working paper finds a one basis point rise in bank deposit rates cut ten-week stablecoin growth from about 15% to about 12%, with USDC more sensitive than USDT.

The post BIS paper: banks can slow stablecoin growth by paying savers more appeared first on Forex Crunch.

MSCI rules could drop Strategy and Metaplanet from indexes from 30 November

Abstract financial illustration of index-driven capital flowing away from a stock, in navy and blue flat vector style

MSCI adopts rules that could remove Strategy and Metaplanet from its global indexes, with the final list of affected companies due on 11 November and removals effective 30 November.

The post MSCI rules could drop Strategy and Metaplanet from indexes from 30 November appeared first on Forex Crunch.

Japan’s megabanks complete first joint yen stablecoin payment test

Illustration of cross-border payment flows between institutional buildings on a financial-terminal background

MUFG, Mizuho and SMBC completed Japan's first joint yen stablecoin pilot, testing cross-border payments for Mitsubishi Corporation with real transactions targeted in fiscal 2026.

The post Japan’s megabanks complete first joint yen stablecoin payment test appeared first on Forex Crunch.

 
 
 

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