ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala

Index

A crypto Index provides a way for investors to gain diversified exposure to a specific basket of digital assets through a single tokenized product. These indices often track specific sectors, such as DeFi, DePIN, or RWA, and are automatically rebalanced via smart contracts. In 2026, AI-managed thematic indices have become the gold standard for passive investing, allowing users to track the "blue chips" of the Web3 economy without manual portfolio management. This tag covers index methodology, rebalancing frequency, and the benefits of diversified crypto baskets.

26450 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Arthur Hayes' Token2049 speech: Global Transformation: From "America First" to the Eurozone's Systemic Crisis

Arthur Hayes' Token2049 speech: Global Transformation: From "America First" to the Eurozone's Systemic Crisis

Compiled and edited by Yuliya, PANews Maelstrom Chief Investment Officer Arthur Hayes once again delivered a striking statement at the TOKEN2049 conference. In his speech, titled "Bastille Day: Celebrating France's Exit from the Eurozone," he boldly predicted that France would eventually leave the Eurozone due to irreconcilable internal economic pressures and continued capital flight, potentially triggering a global banking crisis. PANews compiled and edited the speech; the following is the full text: Since Trump ascended to the throne of "American hegemony" in 2016, his core policy has always revolved around "America First." What does this mean? It means reversing the pattern of surpluses and deficits among countries. The Trump administration has long grown weary of the US model whereby the rest of the world provides financing for the US, which in turn holds assets in the US. It believes that US companies should be able to export their products and profitably compete with countries like Germany and Japan. Therefore, the implementation of the "America First" policy effectively closes off this vast US export market. This shift has forced traditionally export-oriented countries like Germany and Japan to adopt corresponding "Germany First" and "Japan First" policies in response. They need to repatriate their overseas savings and capital to counter the closure of the US market. The direct consequence of this move is that these countries will no longer be able to provide financing to deficit countries like France or even the United States as they did in the past. The French crisis: The truth about capital flight In the European financial system, there's a key indicator: the Target Balance. The European Central Bank publishes the net balance of the Target System monthly, reflecting capital flows within the eurozone. For example, France still had a surplus at the beginning of 2021, indicating capital inflows. However, a comparison of the changes between 2021 and now reveals a massive outflow of capital from the French banking system. Data shows that France is experiencing the most severe capital outflows in the eurozone. French depositors and capital holders have clearly lost confidence in their country's financial system and are reluctant to deposit their funds in French banks. Instead, they are transferring euros to locations like Germany and Luxembourg. As this situation worsens, France may be forced to implement measures such as capital controls to address the imbalances. So, what exactly are Target Balances? It's essentially a centralized clearing system operated by the ECB, designed to allow the Eurozone, which consists of around 17-18 different central banks, to function smoothly. Through this system, countries like Germany and France can run surpluses and deficits with each other without requiring each country's central bank to have bilateral accounts with all the others. To understand the essence of the Target system, consider this: If a Eurozone country exits the Eurozone and redenominates its currency to its own, such as the franc or the Deutsche Mark, would investors be willing to hold that currency? If a country runs a deficit and gradually loses its ability to raise funds, it may impose capital controls. Rational investors would choose to shift funds to a strong country like Germany while the Euro remains freely circulated, as Germany is the wealthiest and most stable country in the Eurozone. The deterioration of the Target balance is the "canary in the coal mine," demonstrating the unease of French domestic capital about the system. By transferring funds, the French public has expressed their distrust in the most direct way. *Note: Target Balances in the financial field specifically refer to the balance of claims or liabilities formed by the central banks of Eurozone countries in cross-border payments within the Eurosystem through the pan-European Real-time Gross Automated Clearing System (TARGET2). The ECB's Dilemma and Lagarde's Role Christine Lagarde, the President of the European Central Bank, is nicknamed the "Crocodile Countess." A French-born lawyer, she ultimately rose to the top position at the European Central Bank. Her role is not to respect the will of the people of the eurozone, but to maintain the ECB's control over its member states. Looking back at the Greek debt crisis of 2011-2012 and other Eurozone elections, we can see the ECB's consistent approach: it presents an ultimatum to governments: "If you don't do what we say, we will stop printing money to buy your bonds." This leads directly to government bankruptcy, currency devaluation, and an inability to buy oil, food, and medicine. The subtext is: "Shut up and vote for the party that complies, and we'll keep financing you." Lagarde achieves this control precisely by controlling the printing press. Since the COVID-19 pandemic, the European Central Bank has maintained a relatively tight monetary policy, setting rules such as "fiscal deficits must not exceed 3% of GDP." If a country's spending exceeds this limit, the ECB threatens to withhold support for its bond market until it passes an "acceptable" budget. This presents a significant dilemma for domestic politicians, particularly Macron of France. Macron's desperate situation and the government's inevitable choice French President Emmanuel Macron is caught in a dilemma. On the one hand, the French people want more social welfare and demand increased government spending. On the other hand, the European Central Bank is adamantly opposed, demanding fiscal austerity or threatening to cut off financial support. This conflict has degenerated into a constitutional crisis. In the past year, two French prime ministers have resigned for failing to pass budgets. Every hint of austerity measures and spending cuts from the government has been met with widespread street protests and strikes. The public's message is clear: "We don't want austerity. We want to print money for France and for ourselves. We don't care what the ECB or Brussels says." This puts Macron in an unresolvable dilemma. When a government is under pressure to fill a fiscal hole, what does it do first? The answer is: steal foreign assets. This isn't an exaggeration. Although France prides itself on being a capitalist nation that respects property rights, when national solvency is threatened, the first option is to plunder foreign wealth. Data shows that 53% of French stocks and bonds are held by foreigners. As a leading Communist Party member of the French parliament put it a few months ago, "Don't worry about raising taxes on the French people. All our debts are owed abroad; we just need to take their money first." This action would trigger a chain reaction. First, the plundering of foreign assets would scare away domestic capital, forcing the government to implement stricter domestic capital controls. Ultimately, private capital remaining in France would be forced to purchase government bonds at interest rates the government could afford, which is far from optimal for capital holders. Systemic Risk and the Future of Global Money Printing Any move by France to seize foreign assets or impose capital controls would have disastrous consequences. First, it would directly lead to the insolvency of the entire EU banking system. Since EU banks hold significant French assets, a French default would trigger a systemic collapse. It is estimated that the European Central Bank would need to provide a massive bailout of approximately €5 trillion to ensure the solvency of the EU banking system. Second, the crisis would quickly spread globally. What would the Bank of Japan do if it found hundreds of billions of dollars in investments trapped in France? What would the Federal Reserve do if the US faced the same situation? They would all be forced to print money to bail out their financial institutions that had lent money to France. Thus, this localized crisis in Europe would become the catalyst for a new round of massive money printing worldwide. To understand how this will play out, we must continue to monitor the evolution of the Target 2 system. Once France sets a precedent for capital controls, all investors will ask, "Who's next?" Capital will flee from all other vulnerable eurozone countries. No country's citizens will accept a fiscal deficit cap of just 3% when they crave more, not less, government spending. Ultimately, the question falls on Germany. What will it choose? Stay in the eurozone and pay for all this, or leave? This is a political decision fraught with uncertainty, and investors hate this kind of binary political game. For the European Central Bank, the so-called "choice" it faces is actually a false proposition: Printing money now : accepting fiscal expansion in various countries, restarting quantitative easing (QE), and buying bonds in various countries. This means returning power to national politicians and the ECB losing control. Print money later : Wait for France to threaten to leave the EU and seize foreign assets, then be forced to print 5 trillion euros for bailouts and restart QE for the remaining countries. The result is also out of control. The conclusion is obvious: the euro is fundamentally a failure, a fact that has taken us 30 years to recognize. The ECB has no choice but to print money. Without it, the euro is doomed; by printing money, Lagarde and her successors might be able to maintain their grip on Europe. Investment Lesson: Escape Europe and Embrace Real Assets From an investment perspective, historical data clearly illustrates the plight of European assets. Since the COVID-19 pandemic, the Euro Stoxx Index has not only underperformed the MSCI World Equity Index, but has also performed miserably compared to real hard assets like gold and Bitcoin. Given this information, and the fact that capital is fleeing France, it's hard to justify holding onto European assets. The conclusion is clear: get out while you still can. The most important monitoring tool remains the Target system balance. It is the core indicator for determining when the ECB is forced to print money. Simply checking the Target balances of various countries each month on the ECB website or Bloomberg provides a true insight into fund flows. With France's funding gap widening, the ECB has no way out. In reality, the ECB has exhausted all its options. France is too large to be rescued, yet it is also impossible not to rescue it. Once capital flight from France reaches a critical point, local measures will no longer be sufficient to maintain stability. The only response will be massive money printing. Whether or not France actually leaves the euro, the outcome will be the same: trillions of euros will be created out of thin air. This is particularly important for cryptocurrency investors. The United States is reshaping the global order, reversing the pattern of surpluses and deficits. Deficit countries will shift to surpluses, and surplus countries will shift to deficits. Countries like France, which lack reserve currencies, face a lack of buyers for their bonds, forcing them to rely on central bank money printing. For investors, this means European assets will remain unattractive for a long time, further emphasizing the importance of Bitcoin and other decentralized assets.

Author: PANews

2025/10/01

Philippines rises to 50th spot in Global Innovation Index 2025

Philippines rises to 50th spot in Global Innovation Index 2025

The post Philippines rises to 50th spot in Global Innovation Index 2025 appeared on BitcoinEthereumNews.com. Homepage > News > Business > Philippines rises to 50th spot in Global Innovation Index 2025 The Philippines has achieved its highest-ever position in the Global Innovation Index (GII), ranking 50th out of 139 economies in the 2025 edition released by the World Intellectual Property Organization (WIPO). This latest performance exceeds the country’s target of 52nd place under the Philippine Development Plan (PDP) 2023–2028 and matches its previous best performance in 2020. “This achievement reflects the country’s sustained efforts to strengthen its innovation ecosystem,” the Department of Economy, Planning, and Development (DEPDev) said in a statement. Surpassing targets and maintaining overperformer status The GII measures the innovation capacity and performance of economies worldwide based on around 80 indicators covering inputs such as research and infrastructure, as well as outputs such as knowledge, technology, and creative goods. “Surpassing our 2025 target is the result of sustained reforms, targeted investments, and strong collaboration across sectors and key players in the country’s innovation ecosystem,” said Arsenio Balisacan, DEPDev Secretary and National Innovation Council (NIC) Vice Chair. “We remain committed to scaling our innovation capacity, bridging critical gaps in research and digital infrastructure, and ensuring that innovation drives inclusive and sustainable development.” The Philippines also maintained its classification as an “Innovation Overperformer” for the seventh consecutive year, a recognition for economies that perform above expectations relative to their level of development. It is one of only a handful of middle-income countries, including China, India, Indonesia, Turkey, and Vietnam, that have consistently advanced in the rankings since 2013. Among 37 economies classified as lower middle-income, the Philippines ranked third, demonstrating its steady climb. Back to the top ↑ Steady gains since 2022 Philippines GII Ranking from 2020 to 2025. (Source: Global Innovation Index/World Intellectual Property Organization) The country’s 2025 ranking is an improvement from 59th…

Author: BitcoinEthereumNews

2025/10/01

ETH Consolidates Above $4,000 as Bears Test Critical Support Zone

ETH Consolidates Above $4,000 as Bears Test Critical Support Zone

The post ETH Consolidates Above $4,000 as Bears Test Critical Support Zone appeared on BitcoinEthereumNews.com. Ted Hisokawa Sep 30, 2025 06:11 Ethereum trades at $4,182.87 with 1.85% daily gains, but technical indicators suggest consolidation phase as price remains below key moving averages. Market Overview ETH is trading at $4,182.87, posting a modest 1.85% gain over the past 24 hours after testing intraday lows near $4,082. The second-largest cryptocurrency by market capitalization remains in a consolidation phase, trading below both its 20-day and 50-day simple moving averages while maintaining significant distance above the 200-day SMA at $2,975. Trading volume of $1.68 billion indicates moderate institutional interest as the market digests recent price action. Technical Picture The technical landscape presents a mixed but cautiously bearish outlook for ETH. The Relative Strength Index sits at 45.8, indicating neutral momentum with neither oversold nor overbought conditions. More concerning is the MACD histogram reading of -26.48, which suggests bearish momentum remains intact despite today’s modest recovery. ETH price action shows the asset struggling below the 20-day SMA at $4,351, a level that has acted as dynamic resistance over recent sessions. The 4.9% gap below the 50-day SMA at $4,398 indicates that medium-term trend momentum has shifted in favor of sellers. However, the substantial 40.6% premium above the 200-day moving average suggests the longer-term uptrend structure remains intact. Critical Levels to Watch Immediate Resistance: $4,245 – Today’s session high represents the first hurdle for bulls attempting to regain control. A decisive break above this level could trigger short covering. Key Resistance Zone: $4,351-$4,398 – The convergence of the 20-day and 50-day SMAs creates a formidable resistance cluster. Reclaiming this zone would signal a potential trend reversal. Primary Support: $4,082-$4,000 – Today’s low coincides with psychological support at $4,000. A breakdown below this level could accelerate selling toward the next major support. Critical Support:…

Author: BitcoinEthereumNews

2025/10/01

Plan to exercise caution in further reductions

Plan to exercise caution in further reductions

The post Plan to exercise caution in further reductions appeared on BitcoinEthereumNews.com. Dallas Federal Reserve (Fed) President Lorie Logan said late Tuesday that he “plans to exercise caution in further reductions.” Additional quotes Anchored inflation expectations cannot be taken for granted. Excluding tariff impacts inflation may rise to 2.4%, driven by non-housing services. May require more labor market slack to hit 2% inflation target. Financial conditions are a tailwind now, evidence policy is only modestly restrictive. Resilient consumption and business investment, also signs policy only modestly restrictive. Market reaction The US Dollar Index fails to find any inspiration from these hawkish remarks, trading flat on the day at 97.80, as of writing. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Euro. USD EUR GBP JPY CAD AUD NZD CHF USD -0.05% 0.00% 0.04% 0.03% 0.16% 0.02% -0.02% EUR 0.05% 0.07% 0.07% 0.07% 0.23% 0.10% 0.02% GBP -0.00% -0.07% 0.04% 0.00% 0.17% 0.04% -0.03% JPY -0.04% -0.07% -0.04% 0.00% 0.10% 0.22% 0.03% CAD -0.03% -0.07% -0.01% -0.00% 0.13% 0.02% -0.05% AUD -0.16% -0.23% -0.17% -0.10% -0.13% -0.13% -0.20% NZD -0.02% -0.10% -0.04% -0.22% -0.02% 0.13% -0.07% CHF 0.02% -0.02% 0.03% -0.03% 0.05% 0.20% 0.07% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Source: https://www.fxstreet.com/news/feds-logan-plan-to-exercise-caution-in-further-reductions-202510010149

Author: BitcoinEthereumNews

2025/10/01

BREAKING: Insider Sources Make Statement Regarding Approval of Solana Spot ETFs

BREAKING: Insider Sources Make Statement Regarding Approval of Solana Spot ETFs

The post BREAKING: Insider Sources Make Statement Regarding Approval of Solana Spot ETFs appeared on BitcoinEthereumNews.com. The U.S. Securities and Exchange Commission (SEC) is reportedly preparing to approve Solana (SOL) exchange-traded funds (ETFs). According to Blockworks, sources close to the process say that approval may come in the coming days. Following the SEC’s recent adoption of general listing standards for crypto assets, a number of Solana fund filings have also been updated. These developments have fueled expectations of a new wave of cryptocurrency ETFs entering the market. People familiar with three separate ETF issuers said next week is a “realistic timetable” for Solana ETF approval. However, they added that a potential U.S. government shutdown could disrupt the process. One of the sources said it’s “highly likely” that the Solana ETF S-1 forms will be finalized in the first half of October. It’s also worth noting that recent updates to the filings also addressed staking, but it’s not yet clear whether spot ETFs will include staking. If approved, Solana would be the third crypto asset to gain spot ETF status, following Bitcoin and Ethereum. With a market capitalization of $113 billion, Solana is among the largest assets, but it lags behind Bitcoin’s $2.2 trillion and Ethereum’s $503 billion. Following the SEC’s new general standards, it’s anticipated that ETF applications for other crypto assets like Ripple and Litecoin will also be approved quickly. While funders were previously required to withdraw their 19b-4 applications, the new rules make this process unnecessary. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/breaking-insider-sources-make-statement-regarding-approval-of-solana-spot-etfs/

Author: BitcoinEthereumNews

2025/10/01

Increasing Housing Affordability By Cutting Crime, Indexing Cap Gains

Increasing Housing Affordability By Cutting Crime, Indexing Cap Gains

The post Increasing Housing Affordability By Cutting Crime, Indexing Cap Gains appeared on BitcoinEthereumNews.com. Ending taxation of inflationary capital gains, reforms that strengthen property rights, and public safety measures that reduces crime, together could all help rectify the housing affordability crisis. getty North Carolina lawmakers returned to Raleigh last week to pass House Bill 307, a reform package referred to by many as “Iryna’s Law” in honor of the Ukrainian refugee who was murdered on a Charlotte light rail train in August. As the Carolina Journal reported shortly after the bill received final passage on September 24, “HB 307 tightens pretrial conditions for the release of violent offenders, eliminates cashless bail, establishes a new protocol for ordering mental health evaluations in the criminal justice system, and sets a firmer timeline for appeal in death penalty cases.” “For too long, activist judges and magistrates have turned dangerous criminals loose, endangering lives and spreading chaos in our communities,” said North Carolina House Speaker Destin Hall (R) following the passage of HB 307, which Governor Josh Stein (D-N.C.) is still considering. “That ends now. Iryna Zarutska’s murder is a tragic reminder of what’s at stake. That’s why we are delivering some of the strongest tough-on-crime reforms in North Carolina history.” “The bill eliminates cashless bail for certain offenses, restricts judicial discretion in granting pretrial release, and creates a new category of ‘violent offenses’ requiring GPS monitoring, house arrest, or secured bond for those accused,” noted the Carolina Journal. “It also mandates mental health evaluations in specific cases, tightens deadlines on death penalty appeals, and adds committing a capital felony on public transportation to the list of aggravating factors that can make a defendant eligible for the death penalty. Republican leaders say the changes are designed to ensure violent and repeat offenders remain off the streets while holding magistrates more accountable for release decisions.” Reforms to reduce crime…

Author: BitcoinEthereumNews

2025/10/01

Holds 0.7939 support, eyes 0.8000 recovery

Holds 0.7939 support, eyes 0.8000 recovery

The post Holds 0.7939 support, eyes 0.8000 recovery appeared on BitcoinEthereumNews.com. USD/CHF holds above 0.7939 support, but sustained break risks retest of 0.7900 and September’s 0.7829 yearly low. RSI remains in bearish territory, though early signs suggest buyers may be gathering momentum at current levels. Bulls must reclaim 0.8000 and 50-day SMA at 0.8013 to target 0.8063 and ultimately the 0.8100 threshold. The USD/CHF consolidates at around the 20-day Simple Moving Average (SMA) at 0.7955 down 0.05% as Wednesday’s Asian Pacific session begins. The technical picture shows that the pair might bottom at around current levels, despite refreshing yearly lows in mid-September at 0.7829. USD/CHF Price Forecast: Technical outlook Price action indicates the USD/CHF printed losses for the last three trading days, but failed to clear key support at 0.7939, which could pave the way for testing 0.7900 and the low of the year at 0.7829. The Relative Strength Index (RSI) shows that sellers are in charge, but buyers seem to gather some steam. For them to regain control, they must clear 0.8000, followed by the 50-day Simple Moving Average (SMA) at 0.8013. A breach of the latter will expose the 100-day SMA at 0.8063, followed by the 0.8100 figure. USD/CHF Price Chart – Daily  Swiss Franc FAQs The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc’s value, causing a turmoil in markets. Even though the peg isn’t in force anymore, CHF fortunes tend to be highly correlated…

Author: BitcoinEthereumNews

2025/10/01

EUR/USD steadies as shutdown fears weigh on Dollar

EUR/USD steadies as shutdown fears weigh on Dollar

The post EUR/USD steadies as shutdown fears weigh on Dollar appeared on BitcoinEthereumNews.com. Dollar pressured as Senate fails to secure votes to avert looming October 1 government shutdown. US job openings steady, while confidence survey highlights growing household pessimism on labor and business outlook. Fed officials split on policy path, balancing downside risks to jobs against persistent inflationary pressures. EUR/USD holds firm on Tuesday during the North American session, although the Dollar weakens due to fears of a possible government shutdown that could disrupt the release of crucial jobs data for Fed officials. At the time of writing, the pair trades at 1.1735 up a modest 0.05%. Pair holds above 1.1730 despite mixed US data and cautious Fed rhetoric The financial markets narrative remains focused on the US government being able to doge a shutdown that will begin in October 1. Recently, a US Democratic bill to avoid the shutdown, failed to garner sufficient votes to pass in Senate as the voting continues. Data-wise, job openings in the US, ticked up but revealed the “no hiring, no firing” environment, highlighted by Fed officials. At the same time, the Conference Board latest Consumer Confidence poll revealed that households turned pessimistic on business and labor market conditions. Additionally, to this, Federal Reserve officials are grabbing the headlines. Chicago Fed Austan Goolsbee said that tariffs are halting business decisions regarding prices or hiring personnel. Boston Fed Susan Collins said that further cuts may be appropriate, but officials need to be wary about inflation. The Fed Vice Chair Philip Jeffersons revealed that “I see the risks to employment as tilted to the downside and risks to inflation to the upside.” Across the pond, German Retail Sales data for August, improved but disappointed investors falling below the mark monthly; while on a yearly basis, showed that consumer spending is slowing. Daily market movers: EUR/USD consolidates amid mixed US…

Author: BitcoinEthereumNews

2025/10/01

Unexpected Departure at Ripple (XRP): Legendary Name Leaves

Unexpected Departure at Ripple (XRP): Legendary Name Leaves

The post Unexpected Departure at Ripple (XRP): Legendary Name Leaves appeared on BitcoinEthereumNews.com. Ripple CTO David Schwartz, one of the most recognized names in the cryptocurrency industry, announced that he will leave his position at the end of the year, after more than 13 years. Schwartz, one of the founding developers of XRP Ledger (XRPL), is also known in the industry by the nickname “JoelKatz” and is among the names that played a key role in Ripple’s current position. In his farewell statement, Schwartz recalled the turning points of his career and used the following statements: “I reflect on the last 40 years of my life. It’s been a wild ride, from consulting for the NSA to covering the early stages of Bitcoin to meeting Arthur, Jed, and Chris and coding the XRP Ledger. I worked at Ripple for over 13 years, and it’s been one of the greatest honors of my life.” Schwartz, who announced that he will step down as CTO at the end of the year, said he will focus on spending time with his family and returning to his long-delayed hobbies. However, he added that he will not withdraw from the XRPL ecosystem entirely: “Be warned, I’m not shying away from the XRP community. In recent months, I’ve been working on my own XRPL node, exploring non-Ripple-focused use cases for XRP. Writing code and interacting directly with developers has always been a thrill for me. There’s much more to come in this area.” Schwartz also announced that he will join Ripple’s Board of Directors. After stepping down as CTO, he will continue to contribute to the company as CTO Emeritus. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/unexpected-departure-at-ripple-xrp-legendary-name-leaves/

Author: BitcoinEthereumNews

2025/10/01

Focus shifts to inflation in Europe and US ADP, ISM data

Focus shifts to inflation in Europe and US ADP, ISM data

The post Focus shifts to inflation in Europe and US ADP, ISM data appeared on BitcoinEthereumNews.com. Steady jitters around a potential US government shutdown kept the US Dollar under pressure on Tuesday, adding to the ongoing multi-day weakness hurting the currency. In addition, prospects for extra rate cuts by the Federal Reserve also collaborated with the bearish price action. Here’s what to watch on Wednesday, October 1: The US Dollar Index (DXY) fell to four-day lows in the 97.70-97.60 band on Tuesday, helped by further downward bias in US yields across the curve. The usual weekly MBA Mortgage Applications are due, prior to the ADP Employnment Change, the ISM Manufacturing PMI, the final S&P Global Manufacturing PMI, Construction Spending, and the EIA’s weekly report on US crude oil stockpiles. In addition, the Fed’s Logan is also due to speak. EUR/USD extended its recovery for the third straight day, revisiting multi-day highs around 1.1760. The preliminary Inflation Rate in the euro area will take centre stage along with the final HCOB Manufacturing PMI in Germany and the Euroland. Additionally, the ECB’S De Guindos and Elderson are due to speak. GBP/USD rose to multi-day highs, flirting with 1.3460 in response to the persistent selling mood hurting the Greenback. The Nationwide Housing Prices are expected seconded by the final S&P Global Manufacturing PMI. Further downward pressure sent USD/JPY back to the 147.70 region, down for the third consecutive day on Tuesday. The Tankan survey will be released, followed by the final S&P Global Manufacturing PMI. AUD/USD climbed to eight-day peaks, surpassing the 0.6600 hurdle and opening the door to a potential challenge of its YTD tops just over 0.6700. The Ai Group Industry Index is next on tap alongside Commodity Prices, and the final S&P Global Manufacturing PMI. WTI prices dropped further on Tuesday, this time confronting six-day lows near the $62.00 mark per barrel as traders assessed the…

Author: BitcoinEthereumNews

2025/10/01

Recommended by active authors

BitcoinEthereumNews
BitcoinEthereumNews
12530Articles
Coinstats
Coinstats
1852Articles
PANews
PANews
1164Articles
Coincentral
Coincentral
875Articles

Related Tags

#Airdrop#Token-Listing#On-chain#Whale#ETF#Liquidation#Perpetual-Contracts#Options#Futures

Latest Articles

XAU/USD consolidates with $5,100 on the bull’s focus

XAU/USD consolidates with $5,100 on the bull’s focus

2026/02/10 21:36
Trump's new Fed pick threatens to derail one of his biggest campaign promises: experts

Trump's new Fed pick threatens to derail one of his biggest campaign promises: experts

2026/02/10 21:00
mBit Alternatives: 7 Casinos Like mBit

mBit Alternatives: 7 Casinos Like mBit

2026/02/10 20:57
Where Next for Bitcoin? The Bull and Bear Case

Where Next for Bitcoin? The Bull and Bear Case

2026/02/10 20:53
Trust Is the Infrastructure: Building Ethical AI for Employee Decision

Trust Is the Infrastructure: Building Ethical AI for Employee Decision

2026/02/10 20:50