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Forex Daily

Singapore Dollar: Range trading persists against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD remains supported within the Monetary Authority of Singapore’s policy band, with SGD NEER likely between 1.50% and 1.80% above midpoint, implying a 1.279–1.283 range. Short-term price action shows limited upward momentum, with resistance near 1.2835 and revised strong support at 1.2775.

Taiwan Dollar: Trade strength but losses capped against US Dollar – Commerzbank

Commerzbank analysts note Taiwan’s September trade surplus hit a record USD23.6bn, with exports surging 60.9% year-on-year on strong AI-related demand. The Central Bank of the Republic of China may lean more hawkish if inflation’s uptrend persists.

Market News

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FinCEN has withdrawn its 2020 proposal requiring reports on $10,000-plus crypto transfers to unhosted wallets and a 2023 mixer rule, in a deregulatory move.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

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.

 
 
 

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