Gold Price Forecast: XAU/USD ticks lower while early trend points to Democrats victory in House

Gold trades with caution at around $3,930 in the Asian trading session on Wednesday. The precious metal struggles to gain direction as investors shift their focus to United States (US) Midterm elections where early trend shows that Democrats would have a clear majority in House of Representatives.

New Zealand Dollar struggles to build on weak USD-led gains amid RBNZ's dovish tilt

The NZD/USD pair gains some positive traction during the Asian session on Wednesday as a broad-based US Dollar (USD) selloff counters New Zealand's disappointing employment details.

US Midterm Elections: Democrats score early wins, weighing on US Dollar

Americans voted in midterm elections on Tuesday, which will determine who controls Congress for the final two years of US President Donald Trump’s term.

Australian Dollar holds gains following China's RatingDog Services PMI data

AUD/USD gains ground after two days of losses, trading around 0.6970 during Asian hours on Wednesday. The currency pair holds its recent gains as the Australian Dollar (AUD) remains stronger following economic data from China, Australia’s key trading partner.

British Pound rallies to September 16 highs as USD slumps on election results

The GBP/USD pair catches aggressive bids during the Asian session on Wednesday, rallying beyond mid-1.3400s and hitting a fresh high since September 16 in the last hour amid a broadly weaker US Dollar (USD).

Binance routes withdrawals through new wallets, but a tenth of the breach remains uncovered

Binance's updated Proof of Reserves shows new withdrawal wallets and reserve ratios above 100%, yet roughly 10% of breach-affected assets remain un-replenished by its own figures.

The post Binance routes withdrawals through new wallets, but a tenth of the breach remains uncovered appeared first on Forex Crunch.

ICE’s Hyperliquid perps deal is the first real test of the CFTC’s onshore perp pathway

ICE and Trade[XYZ] will build a regulated U.S. market for Hyperliquid-based perpetual futures, pending CFTC approval, with ICE taking a minority stake in Trade[XYZ].

The post ICE’s Hyperliquid perps deal is the first real test of the CFTC’s onshore perp pathway appeared first on Forex Crunch.

Binance reopens withdrawals Sunday with 90% of stolen crypto replenished

Binance says 90% of the stolen crypto is replenished and withdrawals reopen Sunday, 1 November, with full proof of reserves due 3 November.

The post Binance reopens withdrawals Sunday with 90% of stolen crypto replenished appeared first on Forex Crunch.

Fed holds rates at 3.75%-4% as two dissents back a hike and bitcoin hovers near $81K

The Fed held rates at 3.75%-4% in a 10-2 vote with Cook and Hammack dissenting for a hike; bitcoin slipped below $80,000 as markets priced a December move.

The post Fed holds rates at 3.75%-4% as two dissents back a hike and bitcoin hovers near $81K appeared first on Forex Crunch.

Wall Street’s fast money dumped $5.4 billion of Bitcoin ETFs, and it wasn’t a Bitcoin bet

Nine hedge funds and banks cut 68,000 BTC of Bitcoin ETF exposure as the cash-and-carry basis collapsed, Galaxy Research says, while sovereign funds bought.

The post Wall Street’s fast money dumped $5.4 billion of Bitcoin ETFs, and it wasn’t a Bitcoin bet appeared first on Forex Crunch.