Backpack, a leading exchange and wallet known for its seamless user experience and versatility across multiple asset classes, will integrate with Sui, the Layer 1 blockchain delivering unparalleled scalability and speed.Backpack Exchange currently serves users from...
US equity futures point to a strong start, led by small caps
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,...
The USD moved lower and backed off after CPI. Stocks a bit higher.
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,...
US November CPI 2.7% y/y versus 2.7% expected
US CPI y/yHeadline CPI:Prior was +2.7% y/ym/m reading at +0.3% vs +0.3% expectedMonth-over-month unrounded 0.3130% vs 0.2441% priorCore measures:Core CPI 3.3% vs +3.3% expectedCore CPI m/m +0.3% vs +0.3% expectedCore unrounded +0.308% vs +0.2800% m/m priorReal weekly...
Big day on the docket: US CPI coming up and the Bank of Canada could cut by 50 bps
The main events of the week for both the US and Canada are coming up today.First is the US CPI report at 8:30 am ET (1330 GMT) and it comes with the market pricing in an 85% chance of a Fed cut next week and 82 bps in easing in 2025. I wrote a full preview of the...
Kickstart the trading day with a technical look at 3 major currency pairs
As the North American session begins, the US indices in pre-market are modestly higher led by the Nasdaq.Dow up 7 piointS&P up 8.59 pointsNasdaq up 43 pointsYesterday, the indices all fell. US yields are higher for the 3rd day in a row:2 year 4.169%, up 2.1 bps5...
How to Choose a Trading Platform as a Broker in 2025
The financial brokerage industry has seen remarkable changes, opening doors for smaller players to challenge the big names in the market. But with growth comes steep competition. To stand out, brokers must leverage advanced trading platforms. This guide is designed to...
US November CPI data due imminently – ranges of estimates (& why they’re crucial to know)
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,...
OPEC once again makes cuts to its 2024 and 2025 oil demand growth forecasts
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: Dollar gains as China looks to reignite currency wars
Headlines:Markets:USD and CAD lead, JPY lags on the dayEuropean equities mixed; S&P 500 futures up 0.1%US 10-year yields up 2.5 bps to 4.245%Gold up 0.1% to $2,695.83WTI crude up 1.5% to $69.59Bitcoin up 1.5% to $98,395The dollar was an indirect beneficiary in...
Uncover a Unique Buy-the-Dip Strategy for AMD Stock Investors
Key DisclaimersThis is not a price projection:The price might not necessarily reach our defined buy zone. This plan outlines a structured approach for buy-and-hold investors if the price does get there.Trade at your own risk:This plan provides a framework and should...
Gold’s Road to $3,000: Expert Analysis by Octa Broker
Gold has been valued for its stability when the financial fires are raging. That stable nature was underscored in 2024 when its price shot upward, gaining over $700 per ounce. This amounted to a 34% increase since January. The vibrant price increase has gotten traders...
US MBA mortgage applications w.e. 6 December +5.4% vs +2.8% prior
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,...
Crypto Market Surge: Bitcoin Inches Toward $100K, Solana Soars over 5% Today
🚀 Crypto Market Comeback: Bulls Are Back in Charge! 🐂The crypto market is flexing its muscles today, showing a strong rebound that’s got traders buzzing! Bitcoin (BTC) is leading the way, up 1.65% to $98,259.15—just shy of that magical $100K mark. Ethereum (ETH) isn’t...
NZDUSD Technical Analysis – The price is at the 2023 low ahead of the US CPI
Fundamental OverviewThe US Dollar continues to consolidate around the highs although it’s stronger against the commodity currencies. In the bigger picture, the market reached the peak in the repricing of interest rates expectations, and it will need stronger reasons...
Biden administration to unveil more tariffs in parting gift to China
It is being reported that the US trade representative's office will later today announce a doubling of tariff on Chinese solar wafers and polysilicon to 50%, with tungsten products also to be slapped with a 25% levy. This as part of Biden's final efforts to protect US...
EURUSD Technical Analysis – The US CPI should get us out of the range
Fundamental OverviewThe US Dollar continues to consolidate around the highs although it’s stronger against the commodity currencies. In the bigger picture, the market reached the peak in the repricing of interest rates expectations, and it will need stronger reasons...
USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
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,...
Aptos Foundation Expands Global Footprint with New Abu Dhabi Office
Aptos Foundation, a global blockchain leader dedicated to supporting the development of the Aptos ecosystem and Web3 worldwide, is proud to announce it will be opening a new office in ADGM, Abu Dhabi’s leading international financial centre. This strategic expansion...
BOJ reportedly sees little cost to waiting for next rate hike
Bloomberg is reporting that the Japanese central bank is seeing little cost to waiting for the next rate hike. And that some policymakers are not against a rate hike in December if it were to be proposed. The officials are said to see the next rate hike as a question...