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Forex Daily

Chinese Yuan: Strengthens against US Dollar on better China growth – BBH

Brown Brothers Harriman’s Elias Haddad reports that USD/CNH has broken to fresh multi‑year lows near 6.6800 after stronger‑than‑expected China Q3 GDP, which keeps growth on track for the government’s 4.5%–5.0% 2026 target. BBH stresses that structural weaknesses in consumption and investment persist, but still sees the USD/CNH downtrend intact, supported by CNH internationalization and internal rebalancing.

GBP/JPY Price Forecast: Trendline breakout puts 213.00 in sight

GBP/JPY advances about 0.16% at the time of writing on Monday and extends its rally for the third straight day, with the cross pair trading at 210.93 as it approaches the September 18 high of 211.28, the next key resistance ahead of the 50-day Simple Moving Average (SMA).

Indonesian Rupiah: MSCI shock keeps Rupiah pressured – OCBC

OCBC remains cautiously negative on the Indonesian Rupiah (IDR) after MSCI proposed reclassifying Indonesia from emerging market to standalone status, triggering sharp equity outflows and USD/IDR gains. The bank expects Bank Indonesia’s (BI) intervention to cap volatility but sees a sustained recovery needing clearer reforms and better external conditions, with 18,190 flagged as key resistance and Fibonacci supports below.

Silver Price Forecast: Weak rebound leaves $55.00 exposed

Silver (XAG/USD) drifts higher during Monday’s North American session, up 0.38% to $57.21, yet it remains near last week's low of $55.38, suggesting the white metal could be poised for a near-term bearish continuation.

One wedge failed: Could Copper be next?

Sometimes the most interesting market signals come from comparing two charts rather than studying one in isolation.

Market News

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.

Bitcoin Tests $81,300 as Hot CPI Revives Fed Hike Bets

Abstract financial-terminal illustration of falling candlestick shapes toward a glowing support band on a navy background

Bitcoin slid toward $81,300 support after September CPI exceeded forecasts, liquidating more than $220 million in crypto positions.

The post Bitcoin Tests $81,300 as Hot CPI Revives Fed Hike Bets appeared first on Forex Crunch.

VanEck withdraws SEC registration for its Lido Staked Ethereum ETF

Abstract financial illustration of candlestick fragments dissolving downward against a navy background, symbolising a withdrawn ETF filing

VanEck told the SEC it does not intend to proceed with the planned distribution of its Lido Staked Ethereum ETF shares, without giving a reason.

The post VanEck withdraws SEC registration for its Lido Staked Ethereum ETF appeared first on Forex Crunch.

 
 
 

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