News
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CAD steady despite election delivering another minority government – Scotiabank
The Canadian election results brought disappointment for pretty much everyone—the Liberals won, but are short of a majority, the Conservatives saw a jump in popular support but their leader failed to hold his own riding while both the NDP and Bloc lost heavily, Scotiabank's Chief FX Strategist Shaun
Fxstreet
Tue, Apr 29
USD/CNH fails to sustain break above 7.37 – Société Générale
USD/CNH's attempt to break above key resistance at 7.37 lost traction, with the pair retreating sharply after hitting 7.43. Now trading below its 50-day moving average, the currency risks further losses unless it can reclaim 7.32 in the short term, Société Générale's FX analysts note.Fxstreet
Tue, Apr 29
Cardano Lace Wallet integrates Bitcoin, boosting cross-chain capabilities
Cardano (ADA) co-founder Charles Hoskinson announced Monday that Bitcoin (BTC) is integrated into the Lace Wallet, expanding Cardano’s ecosystem and cross-chain capabilities. This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality.
Tariff shenanigans weigh on the USD – OCBC
Tariff developments remain fluid even if we are in a de-escalation phase. Trump/Bessent continued to speak about how 'all aspects' of the US government are in contact with China regarding trade even as Beijing denied the existence of negotiations.Fxstreet
Tue, Apr 29
CAD: Carney projected to lead minority government – ING
Canadian media projects that the Liberal party has won the general election, and Mark Carney has been confirmed as prime minister. The results have, however, been much narrower than implied by polls. Liberals are currently projected at 167 parliament seats, short of the 172 majority.Fxstreet
Tue, Apr 29
EUR/USD: Watch price action – OCBC
Euro (EUR) drifted lower after rising to >3Y high of 1.1570 levels last week. De-escalation in tariff angst somewhat slowed USD’s decline and helped to moderate the pace of rally in EUR. EUR was last seen at 1.1390 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Tue, Apr 29
Ripple Price Prediction: Crypto market stability could spark XRP price rally to $3
Ripple (XRP) price consolidates gains at the time of writing on Tuesday, following three consecutive daily green candles. Trading at $2.26, XRP is down over 1% on the day, mirroring the stability in the broader crypto market.
USD/CHF Price Forecast: Tests nine-day EMA barrier near 0.8250
The USD/CHF pair halts its three-day losing streak, trading around 0.8240 during the Asian hours on Tuesday. The daily chart analysis indicates a potential bullish shift, as the pair consolidates above the descending channel pattern.
Fxstreet
Tue, Apr 29