The post Pace of decline moderates – OCBC appeared on BitcoinEthereumNews.com. Euro (EUR) was a touch softer, amid broad USD rebound. EUR last seen at 1.1515 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Some consolidation not ruled out “Developments in France — including a fragile government that only narrowly survived two no-confidence votes, ongoing budget tensions, and new proposals for a wealth tax — added to investor unease.” “A hung parliament in the Netherlands, underwhelming French inflation data, and Italy’s calls for the ECB to restart quantitative easing also dampened sentiment. While near-term political noise may keep the euro capped, the broader outlook remains constructive.” “Daily momentum is mild bearish but decline in RSI shows tentative signs of moderating near oversold conditions. Some consolidation not ruled out. Support at 1.1460 (38.2% fibo retracement of Apr low to Sep high), 1.1320 (200 DMA, 50% fibo). Resistance at 1.1630/40 (21 DMA, 23.6% fibo), 1.1670/80 (50, 100 DMAs).” Source: https://www.fxstreet.com/news/eur-usd-pace-of-decline-moderates-ocbc-202511040900The post Pace of decline moderates – OCBC appeared on BitcoinEthereumNews.com. Euro (EUR) was a touch softer, amid broad USD rebound. EUR last seen at 1.1515 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Some consolidation not ruled out “Developments in France — including a fragile government that only narrowly survived two no-confidence votes, ongoing budget tensions, and new proposals for a wealth tax — added to investor unease.” “A hung parliament in the Netherlands, underwhelming French inflation data, and Italy’s calls for the ECB to restart quantitative easing also dampened sentiment. While near-term political noise may keep the euro capped, the broader outlook remains constructive.” “Daily momentum is mild bearish but decline in RSI shows tentative signs of moderating near oversold conditions. Some consolidation not ruled out. Support at 1.1460 (38.2% fibo retracement of Apr low to Sep high), 1.1320 (200 DMA, 50% fibo). Resistance at 1.1630/40 (21 DMA, 23.6% fibo), 1.1670/80 (50, 100 DMAs).” Source: https://www.fxstreet.com/news/eur-usd-pace-of-decline-moderates-ocbc-202511040900

                                                                               Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion dollar growth over the next five years will help push down interest rates.                     A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran.The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or impede the economy.If the neutral rate drops, then the central bank would also react by dropping its interest rate, he said.Read more