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Platinum price succeeded in forming a new bullish rally this morning, achieving the previously suggested main target by reaching $1973.00, facing a %161.8 Fibonacci extension level which forms strong barrier against bullish trading.
The stability of the trading below this barrier might activate the attempts of gathering some gains, to reach $1900.00 then attempts to test the extra support at $1860.00, while breaching the barrier and holding above it will ease the mission of recording new historical gains that might extend towards 2000.00 psychological barrier.
The expected trading range for today is between $1890.00 and $1970.00
Trend forecast: Fluctuated within the bullish track
The Bird and Blend matcha maker (Image: Hanna )
Flavoured matcha lattes are everywhere at the moment – from plain vanilla to blueberry, gingersnap and even banana bread, the possibilities are endless. Matcha, the bright green powder made from shade-grown green tea leaves, is said to have health benefits. It’s rich in antioxidants, which have anti-inflammatory properties, and studies have shown that it may help lower blood pressure and cholesterol levels.
While the flavoured versions might not be as virtuous as the plain, non-sweetened options, I’m hooked. But at a cost of around £4 per cup from a coffee shop, my favourite afternoon treat is becoming a pricey habit.
So, I was thrilled when I got the chance to try Bird & Blend Tea Co’s Matcha Latte Magic Whisk. Retailing at £99, it claims to be the world’s first machine “designed for perfect hot or iced matcha lattes at home”. Bird & Blend also sent me its Magical Matcha Selection Box with 12 flavours including peaches and cream, birthday cake, buttermint and lemon matcha.
The short answer is no. Many people make matcha lattes at home, and there are various methods for doing so. Unlike instant coffee or chocolate powder, matcha doesn’t dissolve, and aficionados say that it needs to be rapidly aerated to achieve the velvety, smooth texture we’ve come to expect from our drinks.
Some swear by a traditional bamboo whisk – a chasen – which can be bought widely for under £10. These have finer, flexible prongs than kitchen whisks. Another option is a hand-held electric milk frother. While a standard one will do, some report that they are prone to producing bigger bubbles and can struggle to tackle lumps. Aerolatte makes a £19 model specifically designed for matcha. The brand says this goes at the optimum speed, and has a nylon whisk head for making silky, frothy matcha lattes.
All of these options are more faff and messier than a one-and-done machine, but are also considerably cheaper. I was intrigued to see whether the Bird & Blend machine would be worth the considerable spend.
First the milk goes into the Magic Whisk (Image: Hanna Geissler)
The Magic Whisk comes in two styles – Bamboo Gloss, the one I tried (pictured), or a brushed stainless steel. The large black ‘power’ button doesn’t do much for aesthetics, but it looks fine on the counter top or can be stashed away in a cupboard.
I found the blending process surprisingly simple. For a hot drink, you add 250ml of milk and press the button to set the whisk attachment spinning.
After a couple of seconds, sprinkle half a teaspoon of your chosen matcha powder over the milk. You then put the lid on and wait around two minutes for the whisk to stop, before pouring the frothy latte into a mug.
To make an iced latte, use 125ml of milk, follow the same steps and pour the mixture into a glass filled with ice before topping up with 125ml cold milk.
Then the matcha powder goes in (Image: Hanna Geissler)
Taking less than three minutes from preparation to steaming cup, the matcha maker delivered a perfectly smooth, slightly frothy cup every time with not a clump in sight.
The lattes were not as sweet as my usual coffee shop selection, but this was easily remedied by adding a few drops of syrup to the spinning milk.
You have to be a little careful when washing out the whisk to ensure the base does not get wet, but this was easy enough.
My finished smooth and lump-free creation (Image: Hanna Geissler)
I was impressed by the results, but the machine is undoubtedly an investment. To weigh up the value, I looked at my own matcha habit.
Refill packs of matcha cost around £22 for 30 cups. If you set aside the initial £99 cost for the machine, then this works out at around 73p per cup.
Buying an average of two matcha lattes per week at a coffee shop would set me back around £416 per year, compared to roughly £75.92 per year with the Magic Whisk. According to my matcha maths, that means I could save around £340 annually by making all my lattes at home.
If you’re a fairly frequent matcha drinker, this could definitely work out as the cheaper option. Having tried it, I’m confident that I would use it often enough to recoup the money back. I do think it would make a great gift for any matcha latte lovers.
Shoppers mostly seem to agree. One review describes the machine as an “absolute game-changer”. That user adds: “This is the best kitchen gadget I’ve bought in years.”
Another describes the drinks as “super creamy and delicious”, adding: “Very easy to clean after use. I bought the matcha selection box and working my way through the different flavours, I’ve loved them all so far.”
However, one user complains that you have to wait for the matcha to cool down if making an iced latte. They add: “If it was half the price I’d be fine with it but struggling to see why it’s £99.”
Cardano price is testing the crucial $0.38 support zone as bearish technical signals raise the risk of a deeper pullback towards $0.29, keeping participants cautious on near-term direction.
Cardano price is trading near a technically sensitive zone as price action consolidates around the $0.38 level, a threshold analysts consider critical for near-term stability. While ADA has avoided an aggressive breakdown so far, multiple technical signals suggest downside risk remains if buyers fail to defend current levels.
Despite modest intraday strength, the broader structure continues to reflect weakness, keeping participants cautious as Cardano searches for directional clarity.
As of December 17, 2025, Cardano price was trading around $0.38, posting minor gains on the day but remaining under pressure on higher timeframes. Price action has slipped below previous consolidation ranges, leaving Cardano price vulnerable to further downside if demand fails to step in.
Cardano trades near $0.38 as price tests a key short-term demand area. Source: Brave New Coin
From a technical perspective, the $0.38–$0.36 region stands out as the nearest support band where buyers have historically attempted to slow declines. A clean hold above this zone could allow for short-term stabilization, while a decisive breakdown would weaken the structure further.
Technical analyst Ali Martinez recently highlighted a bearish development on Cardano’s higher timeframe chart, noting that the SuperTrend indicator has flipped bearish. Historically, similar signal shifts on ADA have coincided with extended corrective phases rather than brief pullbacks.

Previous SuperTrend reversals on ADA coincided with major corrective phases. Source: Ali Martinez via X
Ali pointed out that the last comparable SuperTrend reversal preceded a sharp decline, reinforcing the importance of current support levels. While historical comparisons do not guarantee identical outcomes, the signal adds weight to the broader bearish bias unless structure improves.
Adding to downside concerns, Cardano price has recently broken down from a long-standing price channel on the daily timeframe. In another chart from Ali Martinez, the analyst points out that this structural failure places the $0.29 level into focus as the next major area of interest.

A confirmed channel breakdown places $0.29 as a key downside reference. Source: Ali Martinez via X
This level aligns with prior accumulation zones and historically strong demand, suggesting it could act as a reaction point if selling pressure accelerates. However, a move towards $0.29 would represent a continuation of the current downtrend rather than a confirmed bottom.
While price structure remains fragile, Cardano’s on-chain metrics paint a more mixed picture. Recent data indicates that Cardano DEX volumes have increased 2–3x on average following recent ecosystem developments tied to the NIGHT protocol.

Cardano DEX activity shows elevated volumes despite price consolidation. Source: melon via X
Rising decentralized exchange activity suggests growing network usage, even as price struggles to regain momentum. Melon notes that increased on-chain activity does not always translate into immediate price appreciation, particularly during broader market corrections.
Adding to the mixed outlook, Cardano price continues to see strong adoption in key markets. Recent data indicates that ADA ranks among the top 10 most held cryptocurrencies in India, overtaking assets such as Solana (SOL) and Polygon (POL) in investor ownership.

ADA ranks among the top 10 most held cryptocurrencies in India. Source: MinswapIntern via X
While adoption metrics support Cardano’s long-term relevance, short-term price action remains driven primarily by technical structure and overall market sentiment.
Cardano remains significantly below its 2021 all-time high of $3.09, reflecting a prolonged corrective phase shared by many large-cap altcoins. Short-term traders remain focused on defending the $0.38 region, while longer-term investors view deeper pullbacks as potential structural retests rather than a breakdown of fundamentals. Market sentiment around ADA remains mixed, with price direction likely influenced by broader crypto market conditions, particularly Bitcoin’s trend.
Cardano price is at a pivotal point. The $0.38 support level serves as a key reference for short-term stability, while a confirmed breakdown could expose ADA to a move towards $0.29. Technical indicators lean cautiously, though on-chain activity and adoption trends provide partial balance to the bearish narrative.
For now, ADA’s outlook remains conditional. Holding current support could allow consolidation, while further weakness would reinforce the broader downtrend. Monitoring structural levels and broader market cues remains essential for assessing Cardano’s next move.
Silver continues to trade near all-time highs, showing resilience even as other precious metals experience rotational pullbacks. Unlike gold, which is predominantly driven by monetary policy expectations and geopolitical hedging, silver benefits from a dual demand profile—acting both as a precious metal and a critical industrial input.
This unique positioning allows silver to sustain momentum during periods when gold consolidates. Current price behavior reflects acceptance at elevated levels, not rejection. Rather than sharply selling off from the highs, silver has transitioned into controlled consolidation, a hallmark of strong trending markets.
From a broader macro perspective, silver’s strength remains supported by:
As a result, silver has been able to hold premium pricing, keeping it near record levels while gold digests earlier gains.
Silver’s outperformance relative to gold is structural, not coincidental.
Silver plays a crucial role in:
This means silver demand persists even during periods of macro stabilization. Gold, by contrast, relies more heavily on fear-based or policy-driven flows.
Silver supply growth remains structurally constrained, with mine output struggling to keep pace with demand. Gold markets are deeper and more liquid, making silver more responsive to demand shocks and allowing trends to persist longer once momentum builds.
While both metals respond to inflation expectations, silver tends to outperform when growth and inflation risks coexist. Gold typically leads during crisis hedging phases; silver leads during inflationary expansion phases, which better describes the current environment.

Previous expectations for silver emphasized continuation rather than reversal, with pullbacks expected to remain corrective as long as structure held.

That view has been validated:
This confirms that recent price action reflects acceptance at higher value, not speculative excess.

From a technical standpoint, silver continues to validate bullish structure.
After the most recent impulsive rally, XAG/USD retraced into a clearly defined 4-hour Fair Value Gap (FVG) and reacted precisely as expected. Buyers stepped in aggressively, rejecting lower prices and pushing the market back into balance above the FVG.
This reaction confirms that:
Following the bounce, silver entered a tight consolidation just below recent highs. Rather than breaking down, price is coiling—suggesting liquidity absorption and position building, not exit.
As long as silver continues to hold above the 4-hour FVG, the probability favors directional expansion, not deeper rotation.

The bullish scenario remains favored if silver:
In this scenario:
This outcome aligns with:
A clean upside resolution would reinforce silver’s role as the higher-beta expression of precious metals strength.

The bearish scenario only develops if silver fails to hold the 4-hour FVG and price begins accepting below it.
If that occurs:
Importantly, this would still be viewed as rebalancing, not reversal, unless daily structure breaks decisively. As long as silver remains above major breakout levels on the daily chart, downside moves remain corrective in nature.
|
Factor |
Silver |
Gold |
|---|---|---|
|
Industrial Demand |
High |
Minimal |
|
Inflation Sensitivity |
High |
Moderate |
|
Supply Constraints |
Tight |
More Flexible |
|
Volatility |
Higher |
Lower |
|
Trend Acceleration |
Faster |
Slower |
This structural advantage explains why silver continues to hold near all-time highs while gold consolidates.
Silver’s strength is not accidental. It is driven by structural demand, constrained supply, and favorable macro conditions.
The clean reaction from the 4-hour FVG and ongoing consolidation near highs suggest the market is preparing for its next expansion, not rolling over. As long as price holds above key value zones, the broader bullish narrative remains intact.
Silver continues to lead—not lag—the precious metals complex.
EUR/USD is currently transitioning from impulsive expansion into balance, consolidating above the 1.1728 multi-week high. This behavior reflects acceptance at higher prices, rather than exhaustion or trend failure.
After reclaiming a key structural level, the market has paused to allow two-sided trade — a natural and healthy process in trending environments. Importantly, price has not collapsed back below prior resistance, nor has it shown aggressive distribution. Instead, EUR/USD is oscillating within a defined range, signaling re-pricing rather than rejection.
From a macro perspective, this consolidation is occurring against a backdrop of persistent USD softness. The Federal Reserve’s shift toward rate cuts and a more data-dependent stance has reduced the dollar’s yield advantage, while expectations for aggressive ECB easing remain restrained. This narrowing policy divergence continues to favor EUR/USD on a medium-term basis.
As a result, the current price action should be viewed as digesting gains, not undoing them.


The prior EUR/USD forecast did not call for immediate continuation higher. Instead, it emphasized that acceptance above the multi-week high would be more important than chasing momentum.
Specifically, the expectation was for:
That scenario has materialized cleanly.

Following the breakout, EUR/USD pulled back into the highlighted re-pricing zone, held above the multi-week high, and formed higher lows rather than accelerating lower. Sellers failed to force acceptance back below prior resistance, while buyers consistently absorbed downside pressure.
This confirms that the breakout was structural, not false. The current consolidation reflects controlled digestion, aligning with the original expectation that the market would pause before determining its next expansion leg.
In short, the market followed process, not prediction — rewarding patience and structural alignment rather than aggressive positioning.
EUR/USD is now trading inside a defined range, with both buyers and sellers actively participating. In this environment, the most important reference is no longer the highs or lows — but equilibrium, or the middle of the range.
Equilibrium represents fair value. How price behaves around this level reveals intent.

The bullish scenario re-engages if EUR/USD breaks above the equilibrium level and holds above it.
Acceptance above the midpoint of the range signals that buyers are willing to transact at premium prices, not just defend the lows. In strong trends, equilibrium often acts as a launchpad, not resistance.
If price reclaims equilibrium and stays above it:
Bullish expectation:
Rotation toward the range high, followed by a potential continuation toward new multi-week highs if momentum builds.

The bearish scenario develops if EUR/USD fails to reclaim equilibrium and consistently trades below the midpoint of the range.
In this case, equilibrium acts as resistance, suggesting sellers control fair value. This would likely lead to:
However, it is critical to distinguish correction from reversal. Even a sustained move below equilibrium would still be considered rebalancing, unless broader daily structure breaks decisively.
EUR/USD is not weakening — it is pausing with structure intact.
The market is currently balanced, and equilibrium is the line that separates continuation from deeper correction. Acceptance above it favors renewed strength, while failure keeps price rotational.
Until that decision is made, patience remains the edge.
Follow all the action from the second day of the NRMA Insurance Men’s Ashes third Test in Adelaide
Full scorecard and wicket replays here
Third Test session times
First Session: 10am – 12noon (10.30am – 12.30pm AEDT; 11.30pm – 1.30am GMT)
Second Session: 12.40pm – 2.40pm (1.10pm – 3.10pm AEDT; 2.10am – 4.10am GMT)
Third Session: 3pm – 5pm (3.30pm – 5.30pm AEDT; 4.30am – 6.30am GMT)
*An extra 30 minutes is available to complete daily overs
First Test: Australia won by eight wickets
Second Test: Australia won by eight wickets
Third Test: December 17-21: Adelaide Oval, 10:30am AEDT
Fourth Test: December 26-30: MCG, Melbourne, 10:30am AEDT
Fifth Test: January 4-8: SCG, Sydney, 10:30am AEDT
Australia squad (second Test only): Steve Smith (c), Scott Boland, Alex Carey, Brendan Doggett, Cameron Green, Travis Head, Josh Inglis, Marnus Labuschagne, Nathan Lyon, Michael Neser, Mitchell Starc, Jake Weatherald, Beau Webster
England squad: Ben Stokes (c), Harry Brook (vc), Jofra Archer, Gus Atkinson, Shoaib Bashir, Jacob Bethell, Brydon Carse, Zak Crawley, Ben Duckett, Will Jacks, Ollie Pope, Matthew Potts, Joe Root, Jamie Smith (wk), Josh Tongue, Mark Wood
Dec. 17, 2025 — Solana’s U.S. dollar pair (SOL-USD) is trading around the $123 area as the broader crypto market remains cautious and risk-sensitive, while Solana-specific headlines range from a major network stress test (a large DDoS attack) to fresh security research around post-quantum signatures. [1]
Multiple pricing feeds show SOL down roughly ~3.6% to ~3.8% over the past 24 hours, with heavy turnover and an unusually wide intraday range — a setup that has kept short-term “breakout or breakdown” talk front and center in today’s technical commentary. [2]
At the time of writing, widely followed trackers place Solana around $123:
Context: CoinGecko also shows SOL down about ~11% over the past 7 days, highlighting that the latest slide is part of a broader December pullback rather than a single-candle move. [9]
Today’s SOL price action is being pulled by two forces at once: (1) a risk-off crypto tape and (2) Solana-specific headlines that are, paradoxically, long-term constructive even as price chops lower in the short term.
Reuters reports crypto investors have become more cautious after the market’s downturn from October highs, with greater emphasis on hedged/active strategies and risk management tools. That kind of positioning shift can reduce dip-buying urgency in large-cap alts like SOL. [10]
(Separate market coverage also points to crypto behaving more like a risk asset than a gold-like hedge in this phase, which can keep pressure on majors when sentiment turns defensive.) [11]
A widely discussed Solana story on Dec. 17 is the network’s ability to remain operational through a massive DDoS attack. Unchained reports the attack lasted over a week and peaked around 6 Tbps, yet the network appeared “unimpacted” and saw zero downtime or performance degradation in that account. [12]
Unchained also notes Solana co-founder Anatoly Yakovenko publicly framed the attack as “bullish” in the sense that an attacker was allegedly spending heavily to generate traffic without taking the chain down—adding to the narrative that Solana’s infrastructure resilience has improved. [13]
Why it matters for SOL-USD: In past cycles, Solana’s reliability has been a major investor talking point. Stories that emphasize resilience can strengthen long-term confidence, but they don’t always translate into immediate upside if the overall market is risk-off.
Another major Dec. 17 headline: Cointelegraph (via TradingView) reports the Solana Foundation partnered with Project Eleven for a quantum computing threat assessment and prototyped a Solana testnet using post-quantum digital signatures, claiming end-to-end “quantum-resistant transactions” can be practical and scalable. [14]
BeInCrypto similarly reports Solana deployed post-quantum signatures on a testnet as a proactive security measure amid growing industry focus on quantum readiness. [15]
Why it matters for the forecast: This is not a “next week” price catalyst in most models, but it supports a longer-term investment narrative: Solana positioning itself as infrastructure that can evolve with future security standards.
Although announced Dec. 16, Visa’s move is part of what traders are still digesting on Dec. 17 because it directly references Solana in a TradFi settlement context. Visa says initial U.S. banking participants Cross River Bank and Lead Bank have begun settling with Visa in USDC over the Solana blockchain, with broader availability planned through 2026. [16]
Why it matters for SOL-USD: Even when SOL token price doesn’t respond immediately, the “Solana as payments/settlement infrastructure” storyline is strengthened when a global network like Visa names Solana as a settlement rail in an official release.
Earlier this month, Reuters reported J.P. Morgan arranged a $50 million short-term debt deal for Galaxy Digital on Solana’s blockchain, with USDC used in the flow—another signal of institutional experimentation on Solana. [17]
Separately, State Street Investment Management and Galaxy Asset Management announced plans (Dec. 10) for the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), anticipating ~$200 million seed from Ondo Finance and an early 2026 debut on Solana, using stablecoins (including PYUSD) for subscriptions and redemptions. [18]
Galaxy’s own research recap from Breakpoint week framed these types of announcements as evidence of ecosystem maturation and increasing institutional traction around the “internet capital markets” thesis. [19]
Today’s technical commentary is unusually aligned on one point: SOL is coiling, and the next big move likely depends on whether support breaks or holds.
Takeaway: Market structure is “compressed.” In practice, that often means traders watch for a decisive move below ~$120–$122 (bearish expansion) or a reclaim above ~$132 (bullish relief rally). [26]
No forecast is guaranteed—crypto is notoriously headline- and liquidity-driven—but today’s mix of price structure and news flow lends itself to scenario-based expectations.
Given the tight compression highlighted by multiple analysts, a common near-term path is continued sideways-to-choppy trade as long as SOL holds the widely watched support band. [27]
In this base case, traders often look for mean reversion toward the $130–$132 area (the first meaningful resistance cluster) rather than an immediate trend reversal. [28]
A bullish break typically requires SOL to:
If that happens, some technical roadmaps start pointing toward $135 and beyond (with higher resistance levels mentioned in certain write-ups), though follow-through will likely depend on whether the broader crypto market stabilizes. [30]
If SOL loses the $120–$122 support area decisively, analysts highlighting the compression pattern argue the move could accelerate, with $100 often cited as a psychological downside target from the current structure. [31]
This scenario becomes more plausible if macro-driven crypto weakness persists and risk appetite remains subdued. [32]
A number of widely circulated SOL price prediction pages updated around this period broadly cluster around “low $120s to low/mid $130s” for late December, but they vary meaningfully on timing and volatility assumptions.
Important nuance: These models can lag real-time developments (macro shocks, security headlines, liquidity events) and may not “understand” Solana-specific catalysts like Visa settlement rails or post-quantum testnets in a fundamental sense. Treat them as reference points, not promises. [35]
If you’re tracking SOL-USD into the end of 2025, today’s coverage suggests five practical watch items:
On Dec. 17, 2025, Solana USD (SOL-USD) sits at a technically sensitive spot near $123, with analysts largely converging on a simple framework: $120–$122 is key support; $130–$132 is the first major resistance. [41]
Meanwhile, Solana’s news cycle is unusually infrastructure-heavy—DDoS resilience, post-quantum signature experiments, and large institutional rails name-checking Solana for settlement—suggesting the ecosystem story remains active even as price stays tied to a cautious, risk-off crypto tape. [42]
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency prices can change rapidly, and different data providers may show slightly different prices due to exchange and methodology differences. [43]
1. coinmarketcap.com, 2. coinmarketcap.com, 3. coinmarketcap.com, 4. coinmarketcap.com, 5. coinmarketcap.com, 6. coinmarketcap.com, 7. coinmarketcap.com, 8. www.investing.com, 9. www.coingecko.com, 10. www.reuters.com, 11. www.barrons.com, 12. unchainedcrypto.com, 13. unchainedcrypto.com, 14. www.tradingview.com, 15. beincrypto.com, 16. usa.visa.com, 17. www.reuters.com, 18. investors.statestreet.com, 19. www.galaxy.com, 20. crypto.news, 21. bravenewcoin.com, 22. www.altcoinbuzz.io, 23. cryptorank.io, 24. cryptorank.io, 25. www.altcoinbuzz.io, 26. crypto.news, 27. crypto.news, 28. cryptorank.io, 29. cryptorank.io, 30. cryptorank.io, 31. crypto.news, 32. www.reuters.com, 33. changelly.com, 34. coincodex.com, 35. usa.visa.com, 36. crypto.news, 37. cryptorank.io, 38. unchainedcrypto.com, 39. usa.visa.com, 40. www.reuters.com, 41. coinmarketcap.com, 42. unchainedcrypto.com, 43. coinmarketcap.com
A new higher swing high for the short-term advance at $4,353 was reached last Friday, resulting in three tight days of consolidation near that high. Wednesday’s high of $4,349 marked the third recent test of that resistance zone. A decisive breakout above triggers resolution of the four-day range and continuation of the short-term uptrend. Retained bullish momentum thereafter positions gold for a new trend high breakout above $4,381.
The bull trend in gold has been rebounding from an October retracement low of $3,886 with strength confirmed by breakouts above the 20-day and 10-day averages, subsequently defended as support during pullbacks. The advance also delivered a second bull breakout of two rising trend channels—one long-term and the other measuring the advance begun in March 2024—after the first October attempt failed and produced the brief bearish correction.
Gold is expected to resolve to the upside if it remains above the key dynamic support area. The 10-day average at $4,256 is rising and about to advance above the top of the shorter channel. Momentum has been lacking overall during the recent advance, but momentum could be triggered once the 10-day average meets up with price. In its current location, it represents potential support along with the top channel line and near-term uptrend line, which cross in a day. Three indicators identifying a similar potential support area strengthens its significance either as support or a pivot that breaks to the downside.
Gold’s persistent tight range near the $4,353 high and advancing averages keep the bull case dominant with buyers positioned to deliver the strongest close in months. Clearance of $4,353–$4,381 unlocks new record territory; hold the converging 10-day/channel/uptrend support on any weakness and the path of least resistance stays higher.
For a look at all of today’s economic events, check out our economic calendar.
The GBP/USD exchange rate dropped by 0.75% on Wednesday after the UK published encouraging consumer inflation data. Sterling dropped to a low of 1.3327, down from this week’s high of 1.3460.
The GBP/USD exchange rate pulled back and erased some of the recent gains as investors reacted to the latest UK inflation data. This also explains why the UK bond yields dropped as the FTSE 100 Index rose.
A report by the Office of National Statistics (ONS) showed that the headline Consumer Price Index (CPI) dropped from 3.5% in October to 3.2% in November.
UK’s inflation dropped by minus 0.2% on a MoM basis after rising by 0.3% in the previous month.
Meanwhile, core CPI, which excludes the volatile food and energy prices, dropped by 0.1% on a MoM basis, bringing the annual inflation figure to 3.2%.
More data shows that the retail price index (RPI) dropped from 4.3% to 3.8%, while the Producer Price Index (PPI) dropped from 3.6% to 3.4%.
These numbers mean that the country’s inflation is moving in the right direction, a move that confirms that the Bank of England will cut interest rates by 0.25% in the final meeting of the year on Thursday this week.
The BoE has delivered several interest rate cuts in the past few months, moving from a high 5.25% in August 2024 to the current 4%. As such, a cut will bring the headline interest rates to 3.75%, even as the inflation remains above 2%.
The bank will cut rates as the economy has remained under pressure in the past few months. For example, a report released on Tuesday showed that the unemployment rate rose to 5.1% from the previous 5.0%. The average earnings with bonus dropped to 4.7% from the previous 4.9%.
The next important catalyst for the GBP/USD exchange rate will be the upcoming US consumer inflation report, which will come out on Thursday.
Economists polled by Reuters and Bloomberg expect the upcoming US inflation report will come in at 3.0%, much higher than the Federal Reserve’s target of 2.0%.
Data compiled by Polymarket also places the odds of inflation coming in at 3.0% rising to 44%. It is followed by 3.1%, which is at 42%.
The US inflation report comes a week after the Federal Reserve delivered the third interest rate cut of the year and pointed to one more in 2026.

The daily timeframe chart shows that the GBP/USD exchange rate rose from the psychological level of 1.3000 in November to a high of 1.3460.
It pulled back to a low 1.3327, its lowest level on October 10. It has dropped to the 50-day and 100-day Exponential Moving Averages.
The pair has formed an inverse head-and-shoulders pattern, which is a common bullish reversal sign. Therefore, the pair will likely rebound as bulls target the next psychological level at 1.3500. A move above that level will point to more gains, potentially to the year-to-date high of 1.3725
The post GBP/USD forecast as odds of BoE interest rate cut jump on Polymarket appeared first on Invezz
Ethereum USD (ETHUSD) has seen a sharp drop to $2810.69, a significant decrease of $153.71 since opening. This downturn, reflected by a 5.19% drop today, raises questions about the market’s next move for this top cryptocurrency.
Ethereum USD has just hit $2810.69, recording a notable decline of 5.19% today. The intraday low touched $2790.01, while the high reached $3028.99. With a market cap of approximately $354 billion, Ethereum’s trading volume climbed to 369,841,310, surpassing its average volume of 291,012,931. This surge in volume indicates growing market interest amidst volatility.
Several technical indicators suggest a bearish trend for Ethereum USD. The RSI stands at 40.89, indicating potential oversold conditions. The MACD, at -86.59 with a histogram of 36.25, further supports a bearish outlook. Meanwhile, the ADX at 38.15 shows a strong trend, reinforcing current market conditions.
ETHUSD’s monthly forecast predicts a potential dip to $2644.67, aligning with current bearish signals. However, a quarterly forecast of $3457.34 suggests possible recovery in the medium term. Long-term predictions show promising growth, with a yearly target of $3367.76 and a five-year forecast of $4809.89. Forecasts can change due to macroeconomic shifts, regulations, or unexpected events affecting the crypto market.
Recent coverage by Yahoo Finance highlights broader market declines impacting Ethereum. With major cryptos experiencing downturns, Ethereum’s recent price action reflects broader market jitters. The fluctuating sentiment underscores caution, and traders are closely monitoring global economic pointers and regulatory updates for cues.
Ethereum USD’s recent price drop highlights significant market volatility. While technical indicators lean bearish, the forecast suggests mixed signals with potential for mid-term recovery. Traders should stay informed, considering factors like economic policy changes or regulatory shifts that could alter the crypto landscape drastically.
As of the latest data, the price of ETHUSD is $2810.69 after a decline of 5.19% today, dropping by $153.71 from its previous close of $2964.4.
ETHUSD
Key indicators include an RSI of 40.89, MACD at -86.59, and ADX at 38.15, all pointing to a bearish sentiment in the current market conditions for ETHUSD.
The monthly forecast is $2644.67, while the quarterly forecast is $3457.34. Long-term projections expect ETHUSD to reach $3367.76 annually and $4809.89 in five years.
Recent news coverage indicates broader market declines, impacting Ethereum USD and reflecting general market uncertainty. Economic policies and regulations are closely watched for potential impacts.
While current technical indicators show a bearish trend, the mid-term forecast suggests a possible recovery. Traders should keep an eye on macroeconomic and regulatory developments.
Disclaimer:
Cryptocurrency markets are highly volatile. This content is for informational purposes only.
The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice.
Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice.
Always do your own research and consider consulting a licensed financial advisor before making investment decisions.