As fully expected, the ECB cut rates by 25bps today, TDS’ economists note.   Fragmentation risks in euro area grow “The tone of the decision was marginally dovish, with Lagarde refusing to rule out that a 50bps cut was debated, and pointing to emerging downside risks to inflation. This leaves sequential 25bps cuts firmly on
U2U Network, a Layer-1 blockchain pioneer in decentralized infrastructure backed by top investors like KuCoin Ventures, Chain Capital, and IDG Blockchain, is excited to announce the launch of its first-ever DePIN Node Sale. This sale provides an opportunity for participants to acquire decentralized nodes and contribute to U2U’s growing DePIN infrastructure. With this sale, U2U
EUR/USD extends its downside to near 1.0850 as traders brace for the ECB policy meeting. The ECB is expected to cut its key borrowing rates by 25 bps for the second straight meeting. Growing speculation for Trump’s victory has strengthened the US Dollar. EUR/USD exhibits weakness near 1.0850 on Thursday. The major currency pair faces
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
While gold and silver often move in tandem, their relationship can sometimes be complicated. Despite sharing similar characteristics and applications, differences in underlying demand and supply dynamics can lead to occasional divergences. Octa broker discovers the nuances behind the gold-silver correlation and explores potential trading opportunities with the gold-silver ratio. Over the past 40 years,
The Pound Sterling falls vertically after the UK inflation data for September came in slower than expected. UK annual headline CPI decelerated below the bank’s target of 2%. Traders expect the Fed to cut interest rates moderately in the remainder of the year. The Pound Sterling (GBP) faces an intense sell-off as the United Kingdom
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
GBP/USD churned just north of 1.3000 for a fourth straight trading day. UK labor figures were a non-starter on Tuesday. Cable markets are awaiting Wednesday’s upcoming UK CPI inflation update. GBP/USD churned chart paper in familiar territory for a fourth consecutive trading day on Tuesday. Cable continues to cycle in a dead zone between 1.3100
October began strong for the oil market, with WTI crude prices rising 16% in the first week to $78, above the VWAP and indicating an uptrend. Some feared prices could hit $100, raising worries about inflation. Several factors led to this change in sentiment after months of decline. First, China announced its largest stimulus package
Oil daily Various reports suggest that Israel won’t strike Iran’s oil infrastructure in retaliation for recent strikes. The latest report cited officials from the Biden administration, speaking anonymously to the Associated Press, was said that Israel has pledged not to attack Iranian oil and nuclear sites. However, these officials express skepticism about the reliability of
The Dow Jones Futures have been trading within a well-established upward price channel since October 2022, with clear instances of both resistance and support interactions within the channel. Dow Jones futures – important potential sell zone to watch Key Highlights of the Dow Jones futures chart below: Price Channel Overview: The price has respected the
Here’s a snapshot of things at the moment: S&P 500 futures flat Nasdaq futures -0.1% Dow futures +0.2% Eurostoxx -0.4% Germany DAX +0.2% France CAC 40 -0.7% UK FTSE -0.4% In Europe, the overall mood is more mixed with only the DAX looking to push up. The German index briefly touched record highs earlier as