Forex News
Latest News: Institutional Research
Editor’s Picks
EUR/USD comes under pressure near 1.1600
EUR/USD is now facing increasing selling pressure, abandoning the area of recent daily highs and refocusing on the 1.1600 region amid decent losses for the day. The pair’s correction comes in response to the acceptable bounce in the US Dollar, while traders gear up for upcoming key data releases in the US.
GBP/USD recedes to 1.3140 on USD rebound
GBP/USD remains on the back foot on Friday, retreating to the 1.3140 region on the back of the marked upside impulse in the Greenback. In the meantime, worries about the UK’s fiscal discipline and political stability keep the British Pound under scrutiny, weighing on Cable. Adding to the noise, reports suggested PM Starmer and Chancellor Reeves have shelved plans to raise income tax rates.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold meets some contention just above $4,000
Gold trade with heavy losses, approaching the key $4,000 mark per troy ounce on the back of the marked bounce in the US Dollar, higher US Treasury yields across the curve and fading expectations for a Fed rate cut in December.
Crypto Today: Bitcoin, Ethereum, XRP sell-off persists amid low institutional and retail demand
Bitcoin is trading above $97,000 at the time of writing on Friday amid a sticky bearish wave in the broader cryptocurrency market. The sell-off extends to altcoins, with Ethereum and Ripple hovering below $3,200 and $2.30, respectively.
Disney stock plummets 8% on weaker TV and movie revenue
It was a volatile day for Walt Disney (NYSE:DIS) stock, as shares were down some 8% on mixed fiscal fourth quarter earnings. Disney could not buck the downward trend, as it fell short of revenue expectations while beating earnings estimates.
PRESS RELEASES
OnePrime hires former Deutsche Bank Senior Executive Mark Glover as Financial Controller
OnePrime, a provider of CFD liquidity and custom technology solutions to the brokerage sector and part of the OneRoyal Group run by Royal Financial Trading Pty Ltd, announces the appointment of long-serving senior executive Mark Glover.
New and exclusive trading bonus from HFM
Multi-asset broker HFM announces the launch of the Shield 500 Bonus, designed to give new traders a powerful start with extra protection.
Innovation and infrastructure: OneRoyal and OnePrime recognised as industry leaders
On 6 November, the global financial technology community gathered in Limassol, Cyprus, for the annual Finance Magnates Awards, an evening dedicated to recognising the firms shaping the future of trading.