eToro Expects to Close Q4 2021 with 33% Higher Commission Revenue
The company is expecting the commissions to be between $285 million and $295 million. It added 2.1 million new users in Q4 alone.
SEC Indicts 5 Russians for $82M Hacking and Insider Trading Scheme
The accused hacked into the systems of two US filing agencies. They generated a profit of $82 million in around 3 years.
OANDA CONFIRMS CHIEF REVENUE OFFICER DAVID HODGE RESIGNED
OANDA has confirmed the news and will certainly be looking to fill his position at the helm of the EMEA operation as well as the Chief Revenue Officer for the global operation.
USGFX UK CEO Simon Quirke Leaves the Company
Quirke joined the company in 2018 and previously worked at Credit Suisse and Lehman Brothers.
Japanese Yen Caught Out on Fed Hawkishness and Omicron. Will USD/JPY Break?
The Japanese Yen weakened on Fed Chair Powell confirmed hawkishness. APAC equities were mixed, and crude oil remains mired before OPEC+. Omicron universal uncertainty continues. Will USD/JPY gain traction?
Malaysia in a recession, but also at a turning point
As we had pointed out in our commentary on the latest economic performance data for Q3 2021, Malaysia is in a technical recession, which is defined by the US Federal Reserve as two successive quarters of economic contraction.
US Dollar Leaps on Fed Re-Nomination Pumping Up Treasury Yields. Will USD Keep Going?
The US Dollar rode higher as US yields rose across the curve. Crude oil prices recovered after OPEC+ threw a curve ball. With Thanksgiving almost here, where will USD go on holiday?
BNM to conduct RM3.5b Malaysian Government Securities switch auction
In a rarely-announced move, Bank Negara Malaysia (BNM) will, on behalf of the Malaysian government, conduct a Malaysian Government Securities (MGS) switch auction involving an indicative amount of RM3.5 billion worth of MGS under a scheme which aims to create more liquidity in the bond market and enable the government to restructure its debt.
AUD/USD Eyes Upside on Potential Loan Prime Rate Cut in China
Australian Dollar eyes China’s monthly 1- and 5-year Loan Prime Rate fixing. Traders await news over US/China oil inventory releases and Biden’s Fed pick. AUD/USD downside may continue as bearish SMA crossover nears.
Australian Dollar Technical Outlook Ahead: AUD/USD, AUD/CAD, EUR/AUD
Australian Dollar facing mixed signals vs. USD, CAD and EUR. AUD/USD may reverse higher on support, AUD/CAD ranging. EUR/AUD downtrend remains despite recent consolidation.
Euro (EUR) Price Outlook: No End Yet in Sight for EUR/USD Weakness
EUR/USD continues to tumble, with no sign yet of a rally or even a near-term bounce.. The pair has dropped already beneath the support line of a downward-sloping channel in place since late May this year to its lowest level since July 2020 and there is now little support between here and 1.1170. From a fundamental perspective, the Euro is suffering from a continued insistence by the European Central Bank that much higher Eurozone interest rates are not needed.
Dollar Index (DXY) Soars on Data and Hawkish Fed Lifting Yields. Can USD Fly Higher?
The US Dollar continues to break new ground as momentum gathers. Encouraging economic data and hawkish comments boost yields and USD. Commodities and currencies weaken against the Dollar. Will USD keep going?
Gold Prices Rise Post CPI, But US Dollar Strength Outshines. Will XAU/USD Go Higher?
Gold broke higher after eye popping US inflation last week before pausing. Treasury yields continued higher and USD buying eventually dominated gold. Inflation focus has faded but Fed action lingers. Where to for XAU/USD?
British Pound Technical Analysis - GBP/USD. Trend to Resume or Reversal For Sterling?
GBP/USD Technical Analysis - the pair has bounced back after making a new low for the year. The Pound has seen increased volatility as it looks to hold ground. Will Sterling continue to be undermined and make fresh lows again?
Euro Forecast: Risks Remain Lower for EUR/USD, Covid Surge Adds to Weakness
Risks Remain Lower for EUR/USD. Sharp Increase in Covid Cases Adds Another Concern for the Euro.
DXY Dollar Index Slips on Treasury Yield Dip and Mixed Data in Asia. Can USD Get a Grip?
The US Dollar struggled to hold last week’s gains in Asian trade today. Economic data was mixed with Japan missing and China beating projections. US yields continue to dominate after CPI last week. Will USD get a kick-along?
Moody’s Analytics sees Malaysia’s economy rebounding in Q4
Malaysia’s fourth-quarter growth is expected to rebound on the back of a strong export performance, as well as a pick-up in private consumption as borders reopen, Moody’s Analytics said.
Australian Dollar Eyes Chinese Economic Data, Will AUD/USD React
Australian Dollar is in focus with Chinese economic data on tap to kick off APAC trading. Japan’s Q3 GDP crossed the wires at -3.0% q/q, missing analysts’ expectations of -0.7%. AUD/USD looks to move higher after a Bullish Engulfing candlestick pattern forms
Weekly Fundamental Gold Price Forecast: Real Yields to Determine Next Move
Rising inflation expectations and falling long-end bond yields have given a new shine to gold prices. If real yields – nominal yields less inflation – continue to fall, gold prices will likely continue their rally.
Dollar hits 16-month high as inflation fears set it up for best week since June
The U.S. dollar headed for its best week in almost five months against major peers on Friday, amid bets for earlier Federal Reserve interest rate hikes after data this week showed the fastest U.S. inflation in three decades.