MaestroBots, a prominent cryptocurrency trading bot on the Telegram messenger app, has swiftly taken action to refund users who were affected by a recent smart contract exploit. In an incident that unfolded on October 24, a total of 280 ETH was targeted.In response,...
US equities set for modest gains after the best week of the year
S&P 500 futures are up 7 points, or 0.2%, ahead of the open.Last week was the best one since November 2022. To my way of thinking, any gains today would be a big win following 5 days of non-stop buying, particularly with yields retracing higher today.S&P 500...
Markets Say Yes to Hiking Cycle’s End
A rally of major proportions ensued in bonds and stocks last week, supported by expectations that the hiking cycles of the FOMC, ECB, BoE, and BoC have come to an end. Though policymakers reiterated rates may have to be increased further, the “hawkish...
Putin has decided to run in the March 2024 election – report
The rumors about Vladimir Putin's health do the rounds every once in awhile but he's planning to run in the March election, according to six sources cited by Reuters.If he wins the election (spoiler: he will) that would keep in in power until 2030 when he will be 77...
Kickstart your FX trading for November 6 with technical look at EURUSD, USDJPY and GBPUSD
In this morning video on November 6, 2023, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What are the biases, the risks, the targets for those three major currency pairs?EURUSD: The EURUSD raced higher on Friday after the US...
Eyes on bonds as a retracement gathers momentum
The US economic calendar is light today and so market action will be the focus.So far, there has been a retracement in yields after last week's sharp fall. US 2-year yields and 10-year yields are up 6 bps to 4.89% and 4.61%, respectively. I think we trace out a range...
Most of the big names have announced, but what companies are on the calendar this week?
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Forexlive European FX news wrap 6 Nov || Stocks firmer in subdued trade
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Dollar extends drop, still vulnerable after Fed
The U.S. dollar extended its decline on Monday, having fallen last week by the most since July after the Federal Reserve dialled down its hawkish rhetoric and U.S. data showed signs of moderation.FULL STORYDane Cekov, senior FX strategist at Nordea, called last week's...
Hedge funds pile into US stock rally at fastest pace in 2 years – Goldman Sachs
Hedge funds pile into US stock rally at fastest pace in 2 years - Goldman SachsFULL STORYHedge funds last week "aggressively" bought U.S. stocks at the fastest pace in two years, said a Goldman Sachs note, with traders jumping into a stock rally fuelled by hopes that...
Oil up 1.5% as Saudi Arabia and Russia stick to supply cuts
Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year.FULL STORYOil was rebounding after both benchmarks lost about 6% in the week to Nov. 3.Saudi Arabia confirmed...
Learn More About Indices Trading
Indices trading is a popular form of financial trading where traders speculate on the price movements of stock indices. Stock indices are a compilation of stocks from different sectors, providing a snapshot of the overall performance of a particular stock market. Some...
Learn More About Arbitrage Trading and Risk
Arbitrage trading is a strategy that traders use to take advantage of price differences in different markets for the same asset. The concept behind this strategy is simple: buy low in one market and sell high in another. This allows traders to make a profit from the...
Nominations Now Open for the UF AWARDS MEA 2024
The online trading and fintech space are among some of the most competitive industries, where only the top performing brands can truly stand out. UF AWARDS MEA 2024 will look to showcase these leaders, taking place this January at the upcoming iFX EXPO Dubai 2024.UF...
China, Australia agree to turn the page as tensions ease
Chinese President Xi Jinping said on Monday that a "healthy and stable" relationship with Australia served each country's interests, and that it was important to move forward with strategic ties.FULL STORYMutual benefit is what China wants, Xi told Australian Prime...
Futures edge up on rate cut hopes; Fed speakers awaited
U.S. stock index futures inched higher on Monday as expectations that the Federal Reserve was done with its interest rate hikes gained steam ahead of commentary by a slew of policymakers later in the week.FULL STORYWall Street's main indexes posted their best weekly...
China’s clashing priorities behind rare money market distress
China's attempts to keep the yuan from falling contributed to last week's chaos in money markets, sources involved say, pointing to the pressure behind the scenes as Beijing tries to guide its economy and markets through a major slowdown.FULL STORYRoutine month-end...
$MEME’s New Contender: Memeinator Soars Past $1M Raise in Under 4 Weeks
Memeinator, the meme coin on a mission to reach a $1B market cap, is going from strength to strength, with the presale having already raised $1M in under 4 weeks. Stage 5 tokens look to be selling out imminently and will see the price increase from $0.0125 to $0.0133...
U.S. Treasury’s Yellen to meet Chinese vice premier ahead of APEC summit
U.S. Treasury Secretary Janet Yellen will meet with Chinese Vice Premier He Lifeng in San Francisco this week to try to deepen a fledgling economic dialogue between the world's two largest economies ahead of a U.S.-hosted summit of Pacific Rim leaders.The Treasury...
MetaBID Unveils Unprecedented 1 x Bitcoin (BTC) Auction as User Engagement Skyrockets
MetaBID, the groundbreaking digital asset auction platform that went live on November 4, is thrilled to report unparalleled user engagement and activity just two days after launch. The platform is attracting an ever-growing number of users eager to participate in...