• OPEC+ is likely to extend its output cuts until the end of Q1 at its meeting on Thursday.
• The move is intended to provide an additional support for the oil market.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Fundamental
Overview

The US Dollar continues to
consolidate around the highs as the market reached the peak in the repricing of
interest rates expectations and it will need stronger reasons to price out the
remaining rate cuts for 2025.

This was signalled by the
lack of US Dollar strength after lots of strong US data with the market’s
pricing remaining largely unchanged around three rate cuts by the end of 2025.
We might see the greenback remaining on the backfoot at least until the US CPI
due next week.

Yesterday, Fed’s Waller and Fed’s Williams sounded like a rate cut in December
is basically a done deal with the plan to slow the pace of rate cuts
considerably in 2025. We will likely need another hot CPI report to force them
to skip the December cut.

On the NZD side, the RBNZ cut interest rates by 50 bps as expected
recently but overall was less dovish than the market’s aggressive view. Right
now, the market sees a 67% chance of a 25 bps cut in February 2025 and a total
of 88 bps of easing by the end of next year.

NZDUSD
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that NZDUSD probed above the key resistance zone around the 0.5912 level but
eventually failed to sustain the breakout. The buyers will want to see the
price breaking higher to increase the bullish bets into the 0.6050 level next.
The sellers, on the other hand, will likely continue to step in around the
resistance to target a drop into the 0.5773 level.

NZDUSD Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see that the recent price action formed an inverse head
and shoulders. This is generally a signal of a loss in momentum, but the
price will need to break above the neckline around the 0.5912 level to potentially
trigger a rally into the 0.6050 resistance next.

NZDUSD Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can
see that we have a minor support zone around the 0.5885 level where the price
reacted from several times in the past days. The buyers will likely step in here
to position for the break above the resistance. The sellers, on the other hand,
will look for a break lower to target a drop into the lows. The red lines
define the average daily range for today.

Upcoming
Catalysts

Today,
we get the US Job Openings data. Tomorrow, we have the US ADP, the US ISM
Services PMI and Fed Chair Powell speaking. On Thursday, we get the latest US
Jobless Claims figures. Finally, on Friday, we conclude the week with the US
NFP report.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Fundamental
Overview

The US Dollar continues to
consolidate around the highs as the market reached the peak in the repricing of
interest rates expectations and it will need stronger reasons to price out the
remaining rate cuts for 2025.

This was signalled by the
lack of US Dollar strength after lots of strong US data with the market’s
pricing remaining largely unchanged around three rate cuts by the end of 2025.
We might see the greenback remaining on the backfoot at least until the US CPI
due next week.

Yesterday, Fed’s Waller and Fed’s Williams sounded like a rate cut in December
is basically a done deal with the plan to slow the pace of rate cuts
considerably in 2025. We will likely need another hot CPI report to force them
to skip the December cut.

On the AUD side, the market
expects just two rate cuts by the RBA next year with the first one fully priced
in for May 2025. The Australian economic data remains solid while inflation
continues to fall slowly keeping the central bank in a neutral stance.

AUDUSD
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that AUDUSD is stuck in a range between the 0.6440 support and the 0.6540 resistance. The market
participants will likely keep on playing the range until we get a breakout on
either side.

AUDUSD Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see that we have a very strong resistance zone around the 0.6540 level where we
can also find the major trendline for confluence.

That’s where we can expect
the sellers to step in with a defined risk above the resistance to position for
the continuation of the downtrend. The buyers, on the other hand, will want to
see the price breaking higher to invalidate the bearish setup and position for
a rally into the next resistance at 0.6687.

AUDUSD Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can
see that we have a minor upward trendline defining the current pullback into
the resistance. The buyers will likely lean on it to keep pushing higher, while
the sellers will look for a break lower to target a break below the support. The
red lines define the average daily range for today.

Upcoming
Catalysts

Today,
we get the US Job Openings data. Tomorrow, we have the US ADP, the US ISM
Services PMI and Fed Chair Powell speaking. On Thursday, we get the latest US
Jobless Claims figures. Finally, on Friday, we conclude the week with the US
NFP report.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Smile Shop, the premier Asian e-commerce platform, has
partnered with Conflux Network, China’s only regulatory-compliant public
blockchain, to launch the BitUnion prepaid card. This partnership signifies a
major expansion into global digital asset payment with cards welcome in 183
countries and regions.

The BitUnion prepaid card operates on the recently launched
UnionPay International USD prepaid card framework. UnionPay International, the
world’s second-largest card payment processor, ensures seamless financial
transactions. Users can load funds onto the card to make online purchases, use
it at point-of-sale machines, or withdraw cash from UnionPay ATMs across 183
countries. The card can also be linked with popular third-party payment
platforms like Alipay and WeChat Pay. Whether offline or online, transactions
are settled at real-time exchange rates between local currencies and USD. The
account approval process is quick, and management fees are waived during the
initial launch period.

As a key product in Conflux’s PayFi ecosystem, the prepaid
card incorporates experienced security authentication systems from traditional
finance. User data is managed by professional institutions, ensuring security
and compliance. Fiat assets are held within the UnionPay account system,
guaranteeing absolute security and reliability. The BitUnion prepaid card has
obtained the highest-level financial security certifications, including 3DS and
PCI-DSS, comprehensively protecting cardholders‘ payment security.

The prepaid card will support digital asset transactions and
transfers within the Conflux Network, leveraging the blockchain-based PayFi
system to overcome limitations in traditional payment infrastructure.
Introducing traditional financial models (from credit cards to invoice
financing and reverse factoring) into blockchain creates a more integrated
value network. Conflux’s PayFi (Pay Finance) addresses inefficiencies in
traditional payment systems while keeping financial operations aligned with
real-time data, creating a large-scale model for blockchain consumer
application ecosystems.

As a high-performance Layer1 blockchain, Conflux has been at
the forefront of technological advancements, particularly in the development of
Stablecoins. They are now expanding their focus to encompass a comprehensive
Payments infrastructure and cultivate the PayFi ecosystem. Aiming to become the
blockchain of choice for consumer-grade Payments in the future, Conflux
Foundation has committed 500 million CFX from the ecosystem fund to fuel the
growth of PayFi stack components.

About Smile Shop

Smile Shop (https://www.smileshop.com.kh/) is a super
e-commerce platform under Smile Shop Holdings Pte (Singapore), targeting
Southeast Asian markets with the vision of becoming Southeast Asia’s most
trusted fintech super e-commerce platform.

About Conflux Network

Conflux Network is a permissionless Layer 1 blockchain that
connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS
consensus mechanism, ensuring a fast, secure, and scalable blockchain
environment. Conflux operates without congestion, maintains low fees, and
prioritizes network security.

Being the leading regulatory-compliant public blockchain in
China, Conflux offers advantages for projects entering the Asian market. In its
partnerships, Conflux collaborates with global brands and government entities
including, Shanghai, China Telecom, Little Red Book (China’s Instagram),
McDonald’s China, and Oreo. These noteworthy collaborations serve as a
testament to Conflux’s unwavering dedication to driving blockchain and
metaverse initiatives.

This article was written by FL Contributors at www.forexlive.com.

Streamr, the decentralized real-time data network, and JDI,
a manufacturing leader and venture capital in decentralized physical
infrastructure networks (DePIN), are teaming up to transform home-based mining
through the launch of the Terminal Multi-Miner. This new mining device combines
multi-token mining capabilities with decentralized protocol participation,
providing a new way for users to engage with DePIN and the decentralized
economy from the comfort of their homes.

Terminal Multi-Miner: a new gateway to home-based mining

The Terminal Multi-Miner from JDI supports multiple
cryptocurrencies, including $DATA, $ANYONE, and other projects that are added
through future updates. Its modular “mining lego” framework allows users to
customize their setups for efficiency and flexibility, creating a
straightforward way to engage with DePIN.

Terminal T2: A powerful multi-miner designed for seamless
multi-token mining, supporting $DATA and other tokens.

The Terminal T2 model, scheduled for launch in Q1 2025, will
enable seamless multi-token mining, featuring integration with projects such as
the Streamr Network. With Terminal T2, users can receive $DATA while
contributing to the Streamr protocol, simplifying participation in the
ecosystem.

New accessibility in DePIN

The Terminal Multi-Miner is designed with everyday users in
mind to make advanced crypto-mining technology more accessible. Its
plug-and-play functionality is designed to lower technical barriers and allow
more individuals to participate in DePIN and crypto mining.

“We have been fans of Streamr tech for some time, especially
their severless capability—and we are excited to explore how we will leverage
this against multiple data propagation use cases across the Terminal
Multi-Miner Network” said Yiming Wang, Founder of JDI. “Together,
Terminal and Streamr will deliver a unique, user-centric mining experience for
Web3.”

Engaging with the Streamr Network and mining $DATA

The $DATA token of the Streamr Network plays a key role in
the Terminal Multi-Miner. As one of the mining options available, $DATA allows
users to actively participate in the Streamr Network by becoming nodes that
support its peer-to-peer data broadcasting infrastructure.

“Our collaboration with JDI and Terminal represents an
important step forward for DePIN and decentralized data networks,” said Matthew
Fontana, CEO of Streamr. “By providing a simple, accessible way to
participate in Streamr and other Web3 protocols, we’re helping to make DePIN
more decentralized and scalable, critical for ensuring its long-term success.”

A partnership built on expertise

JDI, with a strong track record in hardware manufacturing
for decentralized networks, has supported communities like DIMO and Helium,
deploying over 500,000 devices. Streamr, a ‘DePIN original’ founded in 2017,
complements this expertise with its scalable P2P infrastructure and tools,
which has been trusted by more than 20 DePIN projects, including Flux, Arkreen,
and Minima.

The Terminal Multi-Miner is just the beginning of what
Streamr and JDI aim to achieve together in making DePIN a mainstream reality.

About Streamr

Streamr is building the real-time data protocol for the
decentralized web. Its scalable, low-latency and secure P2P Network enables
data broadcasting and monetization at scale. By powering applications for DePIN
projects and beyond, Streamr aims to decentralize data pipelines and create new
opportunities for data-driven innovation. To learn more, users can visit
streamr.network.

About JDI Global Group Limited

Founded in 2016, JDI is a manufacturing and venture capital
leader specializing in decentralized physical infrastructure networks. With
investments in projects like Grass, Ator, and Geodnet, and hardware for
networks like DIMO and Helium, JDI is shaping the future of Web3 and
decentralized wireless networks.

This article was written by FL Contributors at www.forexlive.com.