Forex Analysis

Latest Analysis

Editors’ Picks

EUR/USD clings to gains around 1.1200; focus is on US Midterms

EUR/USD looks to consolidate its daily gains, navigating around the 1.1200 region on Tuesday. The pair’s marginal advance comes on the back of the equally humble gains in the US Dollar, as investors remain cautious ahead of the US Midterm elections, with results expected to start emerging early on Wednesday in Europe.

GBP/USD extends the upside momentum past 1.3400

GBP/USD adds to its ongoing multi-day positive streak, managing to reclaim the area beyond 1.3400 the figure on turnaround Tuesday. Indeed, Cable’s continuation of the uptrend follows the Greenback’s inconclusive price action as the US Midterm elections are under way, while bets for a rate hike by the BoE on Thursday also underpins the upbeat tone.

FXS SIGNALS

Deeper dive

The 2% inflation target came from a throwaway remark. It now moves trillions

The Federal Reserve's 2% inflation goal grew out of an off-the-cuff remark by a New Zealand politician in 1988. Bond investors still price long-term US debt as if 2% holds, so a change in how the Fed measures inflation would move markets.

Warsh is cutting the Fed's rate meetings. Fewer decisions, bigger moves

Federal Reserve Chair Kevin Warsh will drop the interest rate vote from one Fed meeting a year in 2027 to two in 2028. More news will pile up before each remaining decision, so each should move rates and bond yields further. From the fall of 2027, the Fed will vote on interest rates at seven of its eight yearly meetings instead of all eight, and in 2028 at six.

The Fed can't fix this inflation. It's a mechanical weight, not a demand problem

Producer prices are rising 2.6 points faster than consumer prices, the widest gap since 2022, because most of the Iran war's costs haven't reached shoppers yet. The part that has is fuel, and rate hikes can't make fuel cheaper. The Producer Price Index (PPI), which tracks what US businesses get for the goods and services they sell, rose 6.3% through September.

upcoming calendar events

REAL-TIME RATES

CRYPTO KEYS

Ripple clings to $1.25 support as Binance reserves hit five-year low

XRP bulls gather around $1.25, eyeing a short-term recovery attempt as the broader crypto market consolidates. Binance's XRP reserves fall sharply, reaching the lowest level since 2021 following the resumption of withdrawals on the exchange.

Crypto Today: Bitcoin, Ethereum, XRP under pressure as investors pull capital

Bitcoin trades downward at $76,566 on Tuesday, testing six-week lows. Ethereum, like Bitcoin, trades under pressure as it consolidates within a narrow support range. Meanwhile, Ripple hovers marginally above $1.25.

Bitcoin risks deeper losses as the 200-day EMA comes under pressure

Bitcoin slips toward the key support zone around $76,455 on Tuesday, after falling nearly 2% the previous day. The largest cryptocurrency by market capitalization nears a make-or-break level, with a daily close below $76,455 suggesting a deeper breakdown.