Silver price tumbles over 1.45% on Wednesday, dives to $53.60 per troy ounce, remaining within familiar levels with investors waiting for the Federal Reserve’s decision. Bearish momentum seems to have paused, though the market structure remains tilted to the downside.

Bitcoin (BTC) ticks lower near $80,000 on Wednesday, while Gold (XAU/USD) holds above $4,000. Both assets reflect the broader risk-off sentiment as focus remains on the Federal Reserve’s (Fed) interest rate decision later in the day.

Technically, XRP is still in the woods, with the 50-day EMA limiting the token’s recovery potential.Ripple (XRP) faces short-term hurdles, trading around $1.33 on Wednesday. The remittance token signals a potential break of its two-day recovery streak, from the weekly low of $1.27.

Here is what you need to know on Wednesday, October 28:

Lloyd Chan at MUFG focuses on Thai Baht as a key expression of the Oil shock in Asia. He cites September trade data showing a sharply wider deficit, driven by surging imports outpacing strong exports. MUFG expects the Bank of Thailand to keep its policy rate at 1.00% to support growth, leaving USD/THB biased higher while Oil remains elevated.

Brown Brothers Harriman’s (BBH) Elias Haddad expects Chile’s central bank to keep its policy rate at 4.50% for a sixth meeting, despite market pricing for future hikes.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground for the third successive day and trading near 102.20 during the European hours on Tuesday.

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann maintain a negative stance on USD/CNH, expecting the Dollar to edge lower within a defined range. Intraday, they see only mild downside momentum, limiting losses.

Bitcoin (BTC) is bouncing back above $80,000 on Monday, while Gold (XAU/USD) is springing above the pivotal $4,000 level, up a modest 0.34% and 0.64%, respectively.

Ripple’s (XRP) correction on Monday is deepening below $1.30, reflecting growing headwinds in the broader cryptocurrency market. Based on the token’s technical picture, the path of least resistance could stay downward until the $1.30 supply area flips into support.

United Overseas Bank analysts Quek Ser Leang and Lee Sue Ann note that USD/CHF has shifted from a prior negative bias into a range-trading phase. They see the Dollar’s rapid rebound losing momentum below key resistance, with intraday support levels defining near-term risks.

The Euro (EUR) bounces up against the British Pound (GBP) on Monday, favoured by a somewhat brighter market sentiment, as Oil prices retreat from six-month highs and France’s debt rating spared a downgrade over the weekend.

The Japanese Yen finished the week on a higher note as the USD/JPY pair registered losses of over 0.74% in the week, while holding firm daily amid a sour market mood. The pair trades at 156.85 as a ‘hammer candle pattern’ forms.

The Australian Dollar finished Friday’s session with gains of over 0.22% and the week up by more than 1.20%, with the pair reclaiming the 0.7000 figure and poised to test a confluence of key resistance levels within the 0.7000-0.7100 range. At the time of writing, the AUD/USD trades at 0.7035.

Cryptocurrency prices are broadly rising on Friday, led by Bitcoin (BTC) as it approaches the immediate resistance at $82,000. The path of least resistance appears upward, supported by solid structural support levels.

Ripple (XRP) holds near recently confirmed support at $1.30 on Friday, as bulls eye a short-term recovery toward $1.40. The remittance token’s upside remains capped by structural levels, suggesting recovery would depend on whether buyers can sustain momentum.

The Euro (EUR) keeps struggling to find a bottom against a strong British Pound (GBP) on Friday, as UK business activity data strengthened the case for a Bank of England (BoE) interest rate hike in November, while Eurozone data increased concerns about France.

The Euro (EUR) pares recent gains against the US Dollar (USD) on Thursday, as the escalation in France's bond yields and the higher Oil prices amid growing uncertainty in the Middle East prove a heavy weight for any significant recovery.

Ripple (XRP) is correcting toward $1.30 on Thursday, giving back early-week gains. Attempts to push recovery toward $1.40 failed, leaving buyers demoralized and sellers gaining ground.

Dogecoin (DOGE) price remains under pressure, trading below $0.081 on Thursday despite a modest rebound earlier this week. Santiment data shows signs of accumulation, and Wednesday’s announcement of a Dogecoin Labs partnership with the Dogecoin Foundation adds a mildly bullish sentiment.

Ripple (XRP) and Stellar (XLM) are regaining momentum on Wednesday, mirroring gains across major digital assets. XRP has climbed above $1.36, while XLM has reached $0.1854, reinforcing support levels recently tested.

Bitcoin (BTC) edges higher on Wednesday as buyers appear to increase risk exposure.

UOB strategists Quek Ser Leang and Lee Sue Ann report that GBP/USD surged as Sterling outperformed major peers, though short-term conditions are now overbought. Intraday, they expect consolidation within a tight band, but the 1–3 week view still allows for further gains toward higher resistance, with downside invalidation only on a break of revised strong support levels.

Ripple (XRP) appears intent on making a comeback on Wednesday, as the price edges higher above $1.36. The token has sustained gains for the second consecutive day, sending subtle signals of a possible turnaround following the recent sell-off below $1.30.

Dogecoin (DOGE) is trading marginally above $0.0800 on Tuesday, up 1% on the day, against lows around $0.0785. The meme coin is cautiously navigating a broader lethargic cryptocurrency market where Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are struggling to gain momentum.

United Overseas Bank’s (UOB) Quek Ser Leang notes AUD/USD outperformed on Monday, closing at 0.6980 after China’s stronger Q3 GDP print. Short term, the Australian Dollar is seen probing 0.7000, though a sustained break above this level and the major resistance at 0.7015 is deemed unlikely.

United Overseas Bank’s (UOB) Quek Ser Leang notes USD/CHF closed firmer at 0.8265 after trading in a tight 0.8228–0.8270 band. Intraday, a slight uptick in momentum points to modest gains within 0.8240–0.8285.

MUFG’s Lloyd Chan highlights that the Dollar has softened after comments from Fed Chair Warsh reduced expectations of another rate hike, but still-high global yields keep the backdrop challenging for Asia FX.

The US Dollar (USD) has managed to regain some composure, leaving behind two daily drops in a row helped by rising US Treasury yields and reignited social/political concerns in France.

Bitcoin (BTC) trades higher, above $82,000 on Monday, helping lift broader crypto market sentiment after last week's correction near $80,000.