Industry

Forex Today: Will the Fed add to the euphoria?

EUR/USD made a sharp U-turn and plummeted to the 1.0680 region in response to the robust performance of the Greenback. Germany’s Balance of Trade results and Industrial Production are due, along with the HCOB Construction PMI in Germany and the euro area, as well as Retail Sales in the bloc. In addition, the ECB’s Elderson, Buch, Lane, and Schnabel are all due to speak. GBP/USD followed its risk peers and broke below the 1.2900 support following the strong resurgence of the bid bias in the US Dollar. The release of the Halifax House Prices Index will precede the BoE’s interest rate decision and the speech by Governor Bailey. USD/JPY advanced to levels last seen in late July past the 154.00 barrier on the back of the intense bid bias in the Greenback after Trump wan the US election. Average Cash Earnings, and weekly Foreign Bond Investment figures are due. AUD/USD plummeted to the vicinity of the 0.6500 support, where some contention appears to have turned up so far. Australia’s Balance of Trade, Private House Approvals, and Building Permits are all expected Down Under. Prices of WTI managed to regain some balance following the early breakdown of the key $70.00 mark per barrel amidst a stronger dollar and the weekly build of US crude oil inventories, as per the EIA’s report. Prices of Gold retreated to three-week lows near $2,650 per ounce troy in response to the firmer dollar and higher US yields across the board. By the same token, Silver Prices sold off sharply to three-week lows in the sub-$31.00 region.

2024-11-07 03:26

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IndustryForex Today: Will the Fed add to the euphoria?

EUR/USD made a sharp U-turn and plummeted to the 1.0680 region in response to the robust performance of the Greenback. Germany’s Balance of Trade results and Industrial Production are due, along with the HCOB Construction PMI in Germany and the euro area, as well as Retail Sales in the bloc. In addition, the ECB’s Elderson, Buch, Lane, and Schnabel are all due to speak. GBP/USD followed its risk peers and broke below the 1.2900 support following the strong resurgence of the bid bias in the US Dollar. The release of the Halifax House Prices Index will precede the BoE’s interest rate decision and the speech by Governor Bailey. USD/JPY advanced to levels last seen in late July past the 154.00 barrier on the back of the intense bid bias in the Greenback after Trump wan the US election. Average Cash Earnings, and weekly Foreign Bond Investment figures are due. AUD/USD plummeted to the vicinity of the 0.6500 support, where some contention appears to have turned up so far. Australia’s Balance of Trade, Private House Approvals, and Building Permits are all expected Down Under. Prices of WTI managed to regain some balance following the early breakdown of the key $70.00 mark per barrel amidst a stronger dollar and the weekly build of US crude oil inventories, as per the EIA’s report. Prices of Gold retreated to three-week lows near $2,650 per ounce troy in response to the firmer dollar and higher US yields across the board. By the same token, Silver Prices sold off sharply to three-week lows in the sub-$31.00 region.

唯爱殷美娜

2024-11-07 03:26

IndustryCrypto Cities:Futures vs. Options in Crypto Market

The cryptocurrency market is evolving rapidly, and with it, advanced financial instruments like futures and options have emerged as popular tools for traders seeking to maximize their investment strategies. While these derivatives allow for speculative trades and strategic risk management, they each have unique characteristics, pros and cons, and complexities that make them suitable for different types of traders. As these instruments gain popularity, especially in crypto-focused financial hubs often termed as "Crypto Cities," understanding the nuances between futures and options has become essential for modern investors. In this article, we’ll take an in-depth look at the mechanisms behind futures and options, their applications in cryptocurrency markets, and which scenarios favor each instrument. Whether you are looking to leverage a small investment into potentially higher returns or hedge your existing crypto holdings, this guide will provide you with a comprehensive understanding of futures and options and how they fit into the ever-expanding landscape of crypto trading.

唯爱殷美娜

2024-11-07 02:06

IndustryHedge Funds Turn to Lira

Bloomberg) -- Turkey’s lira was the only emerging-market currency to gain against the dollar on Wednesday, as peers around the world tumbled on the prospect of a return to the White House for Donald Trump. The currency rose as much as 0.3% against the dollar as of 9:55 a.m. in London, benefiting from strong support from state-run banks that also encouraged foreign funds to enter the market, according to traders familiar with the transactions, who asked not to be identified because they weren’t authorized to speak publicly. The state lenders sold more than $500 million to defend the lira at a level around 34.3550 per dollar mostly during Asian trading hours, when other emerging-market currencies were tanking on the prospect of a Trump victory, the traders said. On the back of that support, hedge funds joined in, the people said.

FX1804825042

2024-11-06 23:04

IndustryTrump Sends Gold to 2300?

On October 25, the author shared a bearish mid-term outlook for gold, anticipating downward pressure. Today, influenced by the U.S. election, gold prices dropped sharply, entering a mid-term bear market. With political factors affecting sentiment and reduced demand for safe-haven assets, coupled with a stronger dollar, the downward trend has intensified. US Election Sends Gold to $2300-$2400,,,,,,,,,,,,,,,,,,,,,,,,,,,,,On October 25, the author shared a bearish mid-term outlook for gold, anticipating downward pressure. Today, influenced by the U.S. election, gold prices dropped sharply, entering a mid-term bear market. With political factors affecting sentiment and reduced demand for safe-haven assets, coupled with a stronger dollar, the downward trend has intensified. The mid-term target range for gold is now set at $2300-$2400. In this range, volatility is expected, yet the overall bearish pressure remains strong. As election results settle, further market adjustments may follow. mid-term target range for gold is now set at $2300-$2400. In this range, volatility is expected, yet the overall bearish pressure remains strong. As election results settle, further market adjustments may follow.

Kevin Cao

2024-11-06 22:57

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