Author: FX
A prop firm is any financial institution that makes large amounts of capital available to traders for their trading activities in the hopes of securing profits that can be split between trader and firm. There are traditional prop firms that recruit traders through normal employment methods and pay them a salary. Then, there are new-age prop firms that operate almost completely online and recruit traders through a challenge or evaluation process. So many traders wish for a world where they magically pass a prop firm challenge of their choice and become funded. However, as most come to realize, passing a…
China suspends special port fees on US ships for one yearThe US Senate has approved the first vote needed to reopen government, 60-40 voteBoJ’s Nakagawa says the Bank expects to continue raising rates as economy, prices improveSatellite images show China’s missile buildup accelerating since 2020, CNN reportsUS suspends investigation of China targeting of maritime, logistics, shipbuilding sectorsWingtech shares jump as Beijing, Netherlands signal easing of Nexperia export disputeBuffett to release farewell letter Monday preparing to step down as Berkshire Hathaway CEOChina’s gold holdings surge as ETFs and central bank boost reserves despite weaker demandJapan PM Takaichi says not ruling out…
Market expectations seem to be running high for a December BOE cut, but what if the U.K. jobs report posts a strong upside surprise? Our Event Guide for the U.K. Jobs Report suggests that improvements in consumer sentiment could point to stronger hiring and wage growth, possibly dampening odds of further easing. Here’s what I’m watching on GBP/JPY and GBP/NZD in this scenario. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus…
West Texas Intermediate (WTI) Oil price extends its gains for the second consecutive session, trading around $60.00 per barrel during the Asian hours on Monday. Oil prices rise on optimism that the US government shutdown could end soon, boosting demand in the world’s top Oil consumer.Bloomberg reported on Monday that the record-breaking US government shutdown is nearing an end. A group of centrist Senate Democrats agreed to support a deal to reopen the government and fund some departments and agencies for the next year. The agreement would ensure federal employees receive back pay and allow states to resume delayed federal…
Australia’s economic capacity remains tight, top central banker says Source link
Oil gains on optimism US government to reopen soon Source link
Bank of Japan policymakers discussed the likelihood of a near-term rate hike at their October meeting, with most members leaning toward tightening if wage momentum and economic conditions stay supportive, according to a summary released Monday. I put up a piece on the Summary earlier:Reuters have a recap now, in summary:Of the 13 policy opinions expressed by the nine-member board, eight called for a rate increase soon or outlined conditions that could justify one. Several members said the Bank must not “miss the timing” to raise its policy rate, while others said a move would depend on confirming that firms’…
The USD/JPY pair trades in positive territory near 153.70 during the early Asian session on Monday. The Japanese Yen (JPY) retreats from an over one-week high amid the uncertainty over the timing of the next interest rate hike by the Bank of Japan (BoJ). The BoJ Summary of Opinions will be released later on Monday. Japan’s new Prime Minister Sanae Takaichi is reportedly looking to finalize an economic stimulus package of around $65 billion to address inflation and growth by late November and pass a supplementary budget to fund it. Additionally, the Japanese central bank remains reluctant to commit to further…
Mexico unveils security operation in violent Michoacan state after brazen assassination of mayor Source link
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 invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…