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1 11, 2025

XRP Price Today: XRP Climbs Back to $2.50 After a Sharp Pullback—What’s Driving the Recovery?

By |2025-11-01T02:14:20+02:00November 1, 2025|Crypto News, News|0 Comments

After a brief but sharp correction earlier this week, XRP price today has rebounded impressively, climbing back toward the $2.50 mark as traders regain confidence in Ripple’s native token.

The move comes amid improving market sentiment, renewed optimism around institutional adoption, and easing concerns tied to the broader crypto correction.

The current XRP price recovery highlights the token’s resilience following last week’s dip toward the $2.40 zone. Market data shows increased buying volume on major exchanges, suggesting that investors view the recent pullback as a temporary pause rather than the start of a deeper downtrend.

What’s Driving the XRP Recovery?

The recent rebound is being driven by a combination of technical, fundamental, and sentiment-based factors. Technically, XRP found a solid footing near its 20-day moving average, which has acted as a consistent support level since early October. This rebound indicates that bullish traders are defending the $2.40 region, while a breakout above $2.55 could confirm renewed upward momentum toward the $2.70 resistance.

XRP was trading at around $2.496, up 1.74% in the last 24 hours at press time. Source: XRP price via Brave New Coin

Beyond technicals, renewed optimism surrounding potential XRP ETF approval and improved clarity on Ripple’s regulatory front have boosted investor sentiment. Following the resolution of major legal hurdles in the XRP lawsuit, traders are now focusing on Ripple’s expanding global partnerships and payment integrations, which could strengthen the token’s long-term fundamentals.

XRP Price Today: Key Support and Resistance Levels

As of Friday, the price of XRP trades just above the $2.50 handle, marking a steady rebound from this week’s intraday low near $2.38. This level has become a critical short-term pivot point for traders monitoring whether XRP can maintain its bullish structure heading into the weekly close.

XRP Price Today: XRP Climbs Back to .50 After a Sharp Pullback—What’s Driving the Recovery?

XRP/USD remains capped below the $2.70 resistance trendline, with weakening momentum suggesting a potential pullback toward the $2.38 support zone. Source: DeGRAM on TradingView

If buyers continue to defend the $2.50 area, analysts expect a potential retest of $2.64, followed by a broader move toward $2.70 in the short term. On the downside, failure to hold this support could expose XRP to another decline toward $2.35. However, market sentiment remains cautiously optimistic, supported by consistent trading volumes and strengthening investor demand.

Market Analysts See Strength in Ripple XRP

Several analysts believe XRP’s recent performance reflects a healthy market correction within a broader uptrend. They point out that Ripple’s ongoing expansion across cross-border payment corridors could serve as a key catalyst for long-term appreciation. The company’s push into institutional liquidity services has also gained attention, further supporting bullish XRP price predictions for the coming months.

Market Analysts See Strength in Ripple XRP

XRP has turned bearish after rejecting the $2.68 Wave 4 resistance, with a declining RSI indicating the start of a potential Wave 5 downturn. Source: CasiTrades via X

Moreover, with increased speculation about a Grayscale XRP ETF and potential U.S. exchange listings, traders are beginning to position for another leg higher. The token’s stability above the $2.40 level has been interpreted as a sign of accumulation among both retail and institutional participants, adding to the recovery narrative.

Outlook: Can XRP Sustain Its Recovery?

Looking ahead, XRP’s ability to maintain momentum largely depends on the broader crypto market direction and the return of risk appetite among traders. If XRP crypto price continues to close above the $2.50 threshold, market analysts suggest that a push toward $2.75 or higher remains within reach.

Long-term projections for XRP price prediction 2025 remain broadly bullish, with several models estimating potential valuations between $5 and $8 depending on institutional inflows, Ripple’s payment network adoption, and overall regulatory stability. For now, the token’s rebound from a sharp pullback to a firm footing at $2.50 signals renewed optimism that the recovery could extend well into November.

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1 11, 2025

WTI Price Forecast: Crude to end week in the red after Tuesday’s sell-off

By |2025-11-01T00:47:21+02:00November 1, 2025|Forex News, News|0 Comments


Used primarily as a bargaining tool to encourage Putin to return to the negotiating table regarding the Russia-Ukraine conflict, markets are seriously questioning the effectiveness of recent sanctions.

While predictably, the Kremlin made comments shortly after the announcement to suggest that the domestic Russian oil industry would be unaffected by new American sanctions, markets are now taking these comments more seriously.

This goes double for Vladimir Putin, who went on record to say he would not be “cowed” by other nations into making concessions about Ukraine, while simultaneously boasting about the success of new nuclear technology.

While it is understandable that Trump wants to target Russian fossil fuels, with the three largest companies by market cap in Russia, Lukoil, Rosneft, and Gazprom, all being energy corporations, it will take more supply-side risk to secure higher pricing for WTI, which is on pace for its worst yearly performance since 2020.

As expected, the level of risk premium priced into WTI markets has reduced significantly this week, not only due to the above, but also because of the market’s inherent nature: sudden news events often cause the markets to overreact.



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1 11, 2025

Sam’s Club pulls supplement powder from shelves after salmonella outbreak

By |2025-11-01T00:22:16+02:00November 1, 2025|Dietary Supplements News, News|0 Comments


At least 11 people have been sickened, including three who were hospitalized, with salmonella infections linked to powder supplements sold at Sam’s Club stores nationwide and online, federal health officials said Friday. Member’s Mark Super Greens Powder Supplements have been pulled from store shelves because they contain moringa leaf powder that may be contaminated with salmonella bacteria, the U.S. Centers for Disease Control and Prevention said. Infections were confirmed in seven states: Florida, Kansas, Michigan, North Carolina, New York, South Carolina and Virginia. Illnesses were reported between May and September. The source of the salmonella was traced to a single lot of organic moringa leaf powder imported from Vallon Farm Direct in Jodhpur, India, according to an investigation by the U.S. Food and Drug Administration. State health officials in Virginia and Michigan collected and tested samples of the product from the homes of people who fell ill. Moringa is a plant native to India and other countries prized for essential nutrients including protein, amino acids, vitamins and minerals, according to research published by the National Institutes of Health. Its leaves can be dried and powdered.Consumers should not eat the supplements and should throw them away or return them to the store for a refund. Symptoms of salmonella poisoning include diarrhea, fever, severe vomiting, dehydration and stomach cramps. Most people who get sick recover within a week. Infections can be severe in young children, older adults and people with weakened immune systems, who may require hospitalization.

At least 11 people have been sickened, including three who were hospitalized, with salmonella infections linked to powder supplements sold at Sam’s Club stores nationwide and online, federal health officials said Friday.

Member’s Mark Super Greens Powder Supplements have been pulled from store shelves because they contain moringa leaf powder that may be contaminated with salmonella bacteria, the U.S. Centers for Disease Control and Prevention said.

Infections were confirmed in seven states: Florida, Kansas, Michigan, North Carolina, New York, South Carolina and Virginia. Illnesses were reported between May and September.

The source of the salmonella was traced to a single lot of organic moringa leaf powder imported from Vallon Farm Direct in Jodhpur, India, according to an investigation by the U.S. Food and Drug Administration. State health officials in Virginia and Michigan collected and tested samples of the product from the homes of people who fell ill.

Moringa is a plant native to India and other countries prized for essential nutrients including protein, amino acids, vitamins and minerals, according to research published by the National Institutes of Health. Its leaves can be dried and powdered.

Consumers should not eat the supplements and should throw them away or return them to the store for a refund.

Symptoms of salmonella poisoning include diarrhea, fever, severe vomiting, dehydration and stomach cramps. Most people who get sick recover within a week. Infections can be severe in young children, older adults and people with weakened immune systems, who may require hospitalization.



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1 11, 2025

Solana Price Prediction: If SOL Fails to Rebound Here, $150 May Be Next

By |2025-11-01T00:13:18+02:00November 1, 2025|Crypto News, News|0 Comments

Solana (SOL) is testing a critical support zone after its recent ETF-fueled rally lost steam. With SOL price hovering near $190, traders are watching closely; a failure to rebound here could drag it down toward $150.

As uncertainty grows, investors are hedging with alternative bets like Remittix (RTX), a PayFi token gaining traction for its real-world payment utility and upcoming exchange listings.

Solana Price Prediction Shows Neutral To Bearish Momentum Ahead

The Solana price is struggling to maintain momentum after its ETF-driven rally faded, with the SOL price today hovering around $189.5. Despite the hype from Grayscale and Bitwise launching the first Solana ETFs, the SOL news now paints a mixed picture. 

Solana Price Prediction: If SOL Fails to Rebound Here, 0 May Be Next

The charts point to the Solana price clinging to its $187-$190 support zone. This is a level that is crucial for keeping its bullish channel intact. If this area breaks, analysts warn that SOL price prediction models could shift toward $175 and possibly even $150. 

Late October saw outflows of up to $62.7 million. This suggests that traders are trading in profits and hedging on other altcoins. Institutional interest remains strong. However, retail traders appear cautious as spot selling offsets ETF inflows. For now, Solana’s short-term outlook remains uncertain. It’s a battle between optimism and fading strength.

Remittix Gains Momentum As Traders Hedge Away From Solana

While Solana traders watch for a rebound at $190, investors are quietly shifting toward Remittix (RTX), a PayFi project bridging crypto with real-world money. Remittix makes crypto spendable anywhere by enabling instant conversions from over 40 cryptocurrencies to fiat, allowing users to send funds straight to any bank account globally. 

It’s a real solution to crypto’s biggest flaw, utility. With over $22M raised, confirmed listings on BitMart and LBank and CertiK verification, RTX is quickly becoming a trader favorite.

  • The Remittix Wallet beta is live, letting users test real crypto-to-bank transfers before public rollout.
  • BitMart will list RTX, followed by LBank, expanding global liquidity and investor access.
  • The 15% USDT Referral Program pays users daily through the Remittix dashboard.
  • The ongoing $250,000 Remittix Giveaway continues to reward early community members.

While Solana price prediction signals caution, RTX is earning praise for doing what few altcoins can, solving real-world payment barriers. As traders hedge against market uncertainty, Remittix stands out as a crypto project with tangible use, transparent tokenomics and the potential to lead the next wave of adoption.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix 

$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway 

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31 10, 2025

Coffee Prices Slip on Forecasts for Rain in Brazil

By |2025-10-31T22:46:15+02:00October 31, 2025|Forex News, News|0 Comments


Coffee beans in canvas sack by Bragin Alexey via Shutterstock

December arabica coffee (KCZ25) today is down -2.30 (-0.59%), and January ICE robusta coffee (RMF26) is down -7 (-0.15%).

Coffee prices are under pressure today but remain above Tuesday’s 2-week lows.  Prices are sliding amid forecasts of rain this week in key coffee-growing areas of Brazil, which would partially alleviate the dry conditions from last week.  Somar Meteorologia reported Monday that Brazil’s largest arabica coffee-growing area, Minas Gerais, received only 0.3 mm of rain during the week ended October 24, or 1% of the historical average.

Arabica coffee prices are also being undercut by speculation that the US may soon lift its 50% tariff on Brazilian coffee.  On Monday, Brazil’s President Luiz Inacio Lula da Silva said he had a “surprisingly good” meeting with President Trump and said there could be a “definitive solution” on US-Brazil trade within days.

Shrinking ICE coffee inventories are supportive for prices.  The 50% tariffs imposed on US imports from Brazil have led to a sharp drawdown in ICE coffee inventories.  ICE-monitored arabica inventories fell to a 1.5-year low of 446,475 bags on Wednesday, and ICE robusta coffee inventories fell to a 3.25-month low of 6,111 lots.  American buyers are voiding new contracts for Brazilian coffee purchases due to the 50% tariffs on US imports from Brazil, thereby tightening US supplies, as about a third of America’s unroasted coffee comes from Brazil.

Last Thursday, arabica coffee rallied to an 8.5-month nearest-futures high due to concern that excessive dry conditions in Brazil during the critical flowering period for coffee trees will threaten the 2026/27 coffee crop.  According to the Bloomberg Brazil Weather Analysis, coffee-producing regions in Brazil have been experiencing an intense drought, with the state of Minas Gerais recording only about 70% of its average rainfall over the past month.

Coffee prices garnered support after the National Oceanic and Atmospheric Administration (NOAA) on September 16  increased the likelihood to 71% of a La Niña weather system in the southern hemisphere from October to December, which could bring excessive dry weather to Brazil and harm the 2026/27 coffee crop.  Brazil is the world’s largest producer of arabica coffee.

Robusta coffee is under pressure from increased Vietnamese supplies.  The Vietnam National Statistics Office reported on October 13 that Vietnam’s Jan-Sep 2025 coffee exports rose +10.9% y/y to 1.230 MMT.  Also, Vietnam’s 2025/26 coffee production is projected to climb +6% y/y to 1.76 MMT, or 29.4 million bags, a 4-year high.  In addition, the Vietnam Coffee and Cocoa Association (Vicofa) said last Friday that Vietnam’s coffee output in 2025/26 will be 10% higher than the previous crop year if weather conditions remain favorable.   Vietnam is the world’s largest producer of robusta coffee.  

Larger coffee exports are bearish for prices after the International Coffee Organization (ICO) reported on October 6 that global coffee exports for the current marketing year (Oct-Aug) rose +0.2% y/y to 127.92 million bags, indicating adequate exports and supplies.

Coffee prices found support after Conab, Brazil’s crop forecasting agency, cut its Brazil 2025 arabica coffee crop estimate on September 4 by -4.9% to 35.2 million bags from a May forecast of 37.0 million bags.  Conab also reduced its total Brazil 2025 coffee production estimate by 0.9% to 55.2 million bags, from a May estimate of 55.7 million bags.

The USDA’s Foreign Agriculture Service (FAS) projected on June 25 that world coffee production in 2025/26 will increase by +2.5% y/y to a record 178.68 million bags, with a -1.7% decrease in arabica production to 97.022 million bags and a +7.9% increase in robusta production to 81.658 million bags.  FAS forecasted that Brazil’s 2025/26 coffee production will increase by +0.5% y/y to 65 million bags and that Vietnam’s 2025/26 coffee output will rise by 6.9% y/y to a 4-year high of 31 million bags.  FAS forecasts that 2025/26 ending stocks will climb by +4.9% to 22.819 million bags from 21.752 million bags in 2024/25.
 


On the date of publication,

Rich Asplund

did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.

For more information please view the Barchart Disclosure Policy

here.



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31 10, 2025

Forecast update for EURUSD -31-10-2025.

By |2025-10-31T22:34:13+02:00October 31, 2025|Forex News, News|0 Comments

The price of (EURUSD) settled lower with calm trading on its last intraday levels, due to the stability of the critical support at 1.1550, with the beginning of the positive signals on the relative strength indicators, after reaching oversold levels, attempting to offload some of the oversold conditions, amid the continuation of the negative pressure and the dynamic resistance that is represented by its trading below EMA50, under the dominance of the main bearish trend on the short-term basis and its trading alongside trendline.

 

 

 

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31 10, 2025

New Boba Cafe Opens » Urban Milwaukee

By |2025-10-31T22:21:27+02:00October 31, 2025|Dietary Supplements News, News|0 Comments


Honeydew milk tea and mango green tea with coconut jelly. Photo taken Oct. 31, 2025 by Sophie Bolich.

While Skittles get most of the Halloween hype, a new southside cafe is offering its own taste of the rainbow. TMTea Boba opened earlier this month with a colorful menu of iced beverages—from grassy green matcha to a pastel spectrum of smoothies.

The family-owned business, led by Azwan Zubur Ahmad and his wife, Farida, occupies a cozy storefront at 3174 S. 27th St. Formerly a retail shop, the space was remodeled in recent months to include a walk-up counter and kitchen area, plus two high-top tables overlooking the busy thoroughfare.

The menu features classic boba drinks such as brown sugar milk tea and Thai tea, along with specialty options like banana matcha and chocolate cream tea. Fruit teas include passion fruit with cream cheese topping, mango with chewy boba and creamy lemon Yakult. The cafe also serves fruit smoothies—mango, strawberry, Oreo—and coffee drinks like cacao and caramel lattes.

Each drink can be customized to taste with a choice of whole, lactose-free or oat milk and an adjustable sweetness level. Toppings include extra tapioca pearls, popping boba, brulee cream, cheese foam and jellies such as coconut, grass and lychee.

Ahmad, who opened the doors in mid-October, said business has been steady so far, though the cafe is still gaining recognition throughout the neighborhood. Its prominent location along South 27th Street—near Leon’s Frozen Custard and St. Luke’s Medical Center—helps draw attention.

The married couple are longtime boba fans but first-time business owners. Both were born and raised in Myanmar, formerly known as Burma, and met in Malaysia before marrying and moving to the United States in 2015 through a refugee resettlement program. They became U.S. citizens in 2023.

Ahmad is now working toward a business degree while running the cafe with Farida, who completed an online training course focused on bubble tea and gained experience working part-time in a boba cafe. The couple has three children.

TMTea Boba is open Monday through Saturday from 11 a.m. to 8 p.m. Orders can be placed in person or online for pick-up or local delivery.

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31 10, 2025

Is ETH About to Dump as Millions in October Options Positions Expire Today?

By |2025-10-31T22:12:22+02:00October 31, 2025|Crypto News, News|0 Comments

Today’s Ethereum price prediction shows that ETH price is about to dump further as over 646,902 contracts totaling $2.49 billion in Ethereum October options are set to expire.

Options expirations of this scale often lead to short-term price swings as traders close or adjust their positions ahead of settlement.

Data from derivatives analytics platforms shows that Ethereum’s current put-to-call ratio stands at 1.25, reflecting a greater number of bearish bets (puts) relative to bullish bets (calls).

$2.49 Billion in ETH Options Expire Today As Bearish Bets Outnumber Bulls 1.25 to 1

Call open interest stands at 381,462 contracts, surpassing the put open interest of 265,440.

This heavy call side suggests that a considerable share of traders are either positioning for downside movement or hedging against potential price declines in the near term.

According to Deribit, Ethereum’s max pain sits around the $4,100 mark despite the improved macro sentiment following current events.

Ethereum Price Prediction: Is ETH About to Dump as Millions in October Options Positions Expire Today?
Source: Deribit

“ETH positioning leans cautious, with puts outweighing calls. The size of this expiry amplifies potential moves, but macro and policy risks still cap conviction,” they added.

The max pain level, the price point where the greatest number of option holders would incur losses, historically sees prices gravitate toward it as expiry approaches, since it minimizes losses for market makers and option sellers.

With ETH trying to find a footing around $3,800 at press time after a flash dump to the $3,670 zone, a short squeeze or post-expiry rally looks to be underway, which could cushion the effect of the October options about to expire.

Ethereum price prediction: Descending Channel Breakout Target $4,160

On the technical front, the Ethereum (ETH/USD) 1-hour chart shows a clear rebound from a strong support level around $3,780 after a sustained downtrend marked by a descending channel.

The chart highlights a breakout attempt above the upper trendline resistance, suggesting a potential shift in momentum from bearish to bullish.

Ethereum Price Prediction: Is ETH About to Dump as Millions in October Options Positions Expire Today?
Source: TradingView

If Ethereum successfully holds above the $3,880–$3,900 zone, it could confirm a reversal pattern with targets at $3,971.7, $4,065.7, and eventually $4,160.4, as indicated on the chart.

The stepwise projection implies a potential rally fueled by short-term accumulation near the support base.

However, if the price fails to sustain above the breakout zone, ETH might retest the lower support around $3,500 before gathering enough strength for an upward continuation.

Smart Money Rotates Into Ethereum Presale As Pepenode Raises $2M in Weeks

An Ethereum rally means ERC-20 tokens will benefit from liquidity rotation, and smart investors are already positioning for this possibility by stacking tokens of Ethereum-based projects currently in their presale phase.

One of the top presale picks right now is Pepenode (PEPENODE), a new mine-to-earn project that has raised over $2 million as investor interest continues to build.

Pepenode’s mine-to-earn model requires no hardware, no electricity costs, and no technical setup.

You buy virtual mining nodes as part of a browser-based game, upgrade them according to your own strategy, and earn rewards immediately.

Unlike most presale projects, you don’t need to wait for the exchange listing. Instead, you can buy and stake right away for an APY of 642%.

To secure your presale allocation, visit the PepeNode website and purchase PEPENODE for $0.0011272 each, using ETH, BNB, USDT (ERC-20 or BEP-20), or even credit or debit cards.

The post Ethereum Price Prediction: Is ETH About to Dump as Millions in October Options Positions Expire Today? appeared first on Cryptonews.



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31 10, 2025

Forecast update for Brent crude oil -31-10-2025

By |2025-10-31T20:45:19+02:00October 31, 2025|Forex News, News|0 Comments


Binance Coin (BNBUSD) declined slightly in its latest intraday trading under continued negative pressure from trading below the 50-day SMA and within the dominance of a short-term corrective bearish trend, with trading along a descending line. Meanwhile, the relative strength indicators have reached extremely overbought levels compared to the price movement, accompanied by the early appearance of a bearish crossover, which further intensifies the negative pressure around the cryptocurrency.

 

Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $1,181.90 holds, targeting the key support level of $1,020.50.

 

Today’s price forecast: Bearish.





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31 10, 2025

Pound Falls to 1.3116, Poised for Deeper Drop as UK Fiscal Risks Hit Sterling

By |2025-10-31T20:32:18+02:00October 31, 2025|Forex News, News|0 Comments

GBP/USD Extends Slide to Six-Month Lows as Fiscal Strains and Fed Tone Collide

The GBP/USD pair has plunged to 1.3116, marking its weakest level since April as a hawkish Federal Reserve stance collides with growing UK fiscal anxiety. The pound’s fourth straight day of declines underscores deep market unease over the Bank of England’s policy paralysis, a surging U.S. dollar, and expectations that the upcoming UK Autumn Budget will tighten spending rather than stimulate growth. Sterling has now fallen over 2% through October, and traders are eyeing a potential test of the 1.3080–1.3000 zone if downside momentum persists.

Fed’s Hawkish Pause Strengthens the Dollar and Squeezes GBP/USD

The Federal Reserve’s recent 25 bps rate cut, initially viewed as a dovish sign, turned sharply hawkish after Chair Jerome Powell warned that further easing in December was “not a foregone conclusion.” This recalibration pushed the U.S. Dollar Index (DXY) to 99.70, its highest in nearly three months, driving broad-based gains against major currencies. Futures pricing of another cut in December dropped from 100% to 70%, flattening the yield curve and tightening financial conditions. The dollar’s strength has crushed the pound’s fragile recovery attempts, with investors shifting capital toward higher-yielding U.S. assets while the UK remains stuck in policy indecision.

BoE Policy Dilemma and UK Economic Strain Erode Sterling Confidence

The Bank of England faces a dilemma as headline inflation remains at 3.8% year-over-year, nearly double its 2% target, while unemployment has risen to 4.8%, its highest since mid-2021. GDP growth for Q2 came in at a weak 0.3%, reflecting stagnation. Despite mounting pressure for stimulus, the BoE is widely expected to hold rates at 4.00% in the November 6 meeting. Market consensus now sees the first BoE rate cut delayed until February 2026, with policymakers fearing further pound depreciation could worsen imported inflation. This combination of sticky prices and slowing growth has revived concerns of stagflation, a toxic mix last seen during the late 1970s.

Fiscal Headwinds Deepen as UK Faces £30B Budget Gap

The looming Autumn Budget on November 26 adds another layer of uncertainty. The Office for Budget Responsibility (OBR) projects a £20 billion productivity shortfall and £7.2 billion in higher-than-expected borrowing in the first half of 2025, leaving the Chancellor with limited fiscal room. Rachel Reeves is cornered between keeping her no-tax-rise pledge and closing a widening deficit that could exceed £30 billion. Any sign of aggressive fiscal tightening could weigh further on domestic growth expectations and investor sentiment. Sterling traders are now demanding higher yields on gilts, reflecting greater risk premiums to hold UK-denominated assets amid this policy uncertainty.

Technical Pressure Builds Below 1.3140 as Market Eyes 1.3080–1.3000 Support

Technically, GBP/USD has broken through several critical support zones. The 1.3140 region—marking the 38.2% Fibonacci retracement of the 1.2099–1.3788 rally—failed to hold, confirming a medium-term bearish continuation. The next layer sits at 1.3080–1.3088, aligned with the 100% extension of the June decline and the 52-week moving average. A decisive close below this threshold would open a path toward 1.2940, the 50% retracement of the yearly range. Momentum indicators back the bearish tone: the RSI hovers near 30, showing oversold but not exhausted conditions, while price action remains capped below the 20-day and 50-day moving averages. Short-term rebounds toward 1.3200 or 1.3280 are likely to face heavy selling pressure as traders position for deeper downside.

U.S.–China Trade Sentiment Adds Volatility but Favors the Dollar

Hopes of improved U.S.–China relations offered brief relief earlier in the week after President Trump hinted at renewed energy purchases from Alaska, but traders quickly dismissed the optimism. With China’s PMI contracting to 49.0, its seventh straight month of decline, and U.S. sanctions on Russian oil limiting supply flows, risk sentiment remains fragile. The stronger dollar environment has persisted despite intermittent risk-on sessions, underscoring global preference for U.S. liquidity amid uncertainty.

Market Outlook: Further Downside Bias Dominates GBP/USD

With U.S. yields holding near cycle highs and UK macro fundamentals deteriorating, the pound remains vulnerable to further weakness. Market positioning shows elevated short interest on GBP/USD, suggesting continued bearish sentiment through early November. Unless the Bank of England surprises with dovish guidance or the U.S. data turns sharply weaker, upside potential appears limited. The pair could consolidate briefly above 1.3080, but a break lower would likely extend the decline toward 1.2940–1.3000, marking new multi-month lows.

Verdict: Bearish — GBP/USD likely to test 1.3000 before any meaningful recovery as fiscal and policy pressures intensify

That’s TradingNEWS



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