Gold bears await $4,100 break amid oil-driven Fed hike bets and USD uptick

Gold (XAU/USD) hits a fresh weekly low during the Asian session on Wednesday, with bears still awaiting a sustained break and acceptance below the $4,100 mark before positioning for further losses.

EUR/JPY Price Forecast: Tests nine-day EMA support near 177.50

EUR/JPY halts its four-day winning streak, trading around 177.70 during Asian hours on Tuesday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias.

Morning briefing: EUR/USD could see limited rise in the near term

Dollar index can rise towards 102 while Euro could see limited rise in the near term. USDJPY could rise towards 158/159 while EURJPY can dip to 177/176 while below 178. EURINR looks bearish towards 106/105 while below 107. USDCNY has declined sharply and could be headed lower towards 6.65.

Gold Price Forecast: XAU/USD extends losing spree as US bond yields hold ground

Gold extends its losing streak for the fourth trading day on Wednesday, trading 0.2% lower to near $4,115 in the Asian session. The precious metal is under pressure as United States (US) Treasury Yields on the back of significant gains in oil prices in past few weeks.

Canadian Dollar holds ground as oil prices surge

USD/CAD moves little after four days of losses, trading around 1.4060 during Asian hours on Wednesday. The currency pair maintains its stance as the US Dollar (USD) stays firm amid rising oil prices that have heightened inflation concerns and driven safe-haven demand.

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

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

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

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

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

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.