US Dollar Price Forecast: Fed Minutes Back DXY, Can GBP/USD and EUR/USD Recover？
Fed minutes keep year-end tightening alive as DXY eyes 102.49, while EUR/USD targets 1.1161 and GBP/USD risks another test of 1.3180.
Moomoo Partners With Crossover to Accelerate US Crypto Trading
Moomoo is intensifying its push into the United States cryptocurrency market through a strategic partnership with Crossover Markets, bringing advanced institutional trading infrastructure to retail investors as competition among digital asset platforms continues to escalate.
Gold Near Nine Week Low as Fed Rate Fears Intensify
Gold prices remained under pressure on Thursday, October 8, hovering near their lowest levels in nine weeks as escalating tensions in the Middle East strengthened inflation concerns and raised expectations of further interest rate increases by the United States Federal Reserve.
Kuantan Investment Scam Raids Expose RM215,000 Operation
A suspected international investment fraud operation in Kuantan has been disrupted following the arrest of 12 foreign nationals, exposing another alleged criminal network that used digital investment platforms and promises of attractive returns to approach unsuspecting investors.
Doctor Loses RM300,000 in an Investment That Promised 10% Monthly Returns
A Malaysian doctor has lost RM300,000 after investing in an alleged project linked to a student welfare initiative that police say did not exist.
Retiree Loses RM367,950 in a WhatsApp Investment Trap
An accidental WhatsApp message has ended in a RM367,950 loss for a 70-year-old government retiree in Kuala Terengganu.
Prop Firms Face New Scrutiny by the Financial Commission Over Trader Payouts
The rapidly expanding proprietary trading industry is facing a fresh attempt to impose order on a market where disputes over rejected payouts, shifting trading rules and alleged trader misconduct have increasingly tested confidence.
Binance Pushes AI Deeper Into Retail Crypto Trading
Binance is pushing artificial intelligence closer to the everyday crypto trader, introducing a retail AI assistant while bringing several existing automation products under a broader Binance Intelligence banner.
Tag Markets Broker Review: Regulated but Is It Safe for Traders?
This Tag Markets review examines the broker's WikiScore, regulatory status, trading accounts, leverage, spreads, MetaTrader 5 offering and available financial instruments.
Bitget Broker Review: Regulated but Is It Safe for Traders?
This Bitget review examines Bitget regulation, its WikiFX rating, Mauritius licence, trading platform, available instruments, and overall risk profile.
Luxury Brand Owner Shot Dead After Losing US$100 Million in Trading Last Month
Bryan Walker and Michelle Min, the couple behind women's fashion label Bryn Walker, were found fatally shot outside their home. It was believed that Walker had lost over US$100 million in risky and leveraged trading.
eToro Backs Euro Stablecoin Challenge to Dollar Dominance
Europe's cryptocurrency industry is mounting a fresh challenge to the overwhelming dominance of the US dollar in digital assets, with eToro joining a group of European firms seeking to expand the use of a regulated euro denominated stablecoin
Italy Blocks ICloudFX, Ambrosiafx as Crackdown Hits 1834 Sites
Italy's financial regulator has ordered another group of unauthorised investment websites to be blocked, pushing the number of sites targeted under its enforcement powers to a total of 1834.
RBI Vows to Steady 'Undervalued' Rupee After It Hits Five-Month Low
The Reserve Bank of India (RBI) said on Wednesday it would ensure that the "undervalued" rupee finds its correct level, after the currency slid to a five-month low of 96.8450 per dollar. The central bank also raised its policy rate by 25 basis points, its first tightening since February 2023, but the rupee still weakened as foreign capital flowed out of Indian markets.
India's Forex Reserves Fall to $747.56 Billion in Week Ended September 25
India's foreign exchange reserves stood at $747.56 billion in the week ended September 25, according to The Economic Times, which reported the figure alongside a headline decline of $18.34 billion. The same report said the fall was driven mainly by a reduction in foreign currency assets, the largest component of the reserves.
RBI Hikes Repo to 5.50%, Its First Rise in Nearly Four Years — What It Does to USD/INR
The Reserve Bank of India raised its policy repo rate by 25 basis points to 5.50% on Wednesday, October 7, its first increase in nearly four years, and shifted its stance to "calibrated tightening". Governor Sanjay Malhotra said outright that rate cuts are off the table for now. "Rate cuts are off the table in the near term and policy action ahead can only be a rate hike or a pause, depending on the evolving conditions and the outlook," Malhotra said. The six-member Monetary Policy Committee voted unanimously, according to multiple reports. For a retail trader, the number to sit with is not 5.50%. It is 5.25% — the Standing Deposit Facility rate, the floor of the RBI's corridor, and the rate that effectively sets what it costs to fund a short-rupee position overnight. The rupee has been weakening, and reports describe that weakness as one of the reasons the RBI moved.
Oil, Yields and French Debt Keep Global Markets Under Pressure
Rising oil prices, elevated bond yields and renewed French fiscal concerns are pressuring global markets ahead of the Fed minutes.
AI chip boom pushes Samsung profits to record $80bn
The tech giant is also expected to get a boost from its latest folding devices that were launched in August.
U.S. Dollar Gains Ground Amid Global Bond Sell-Off: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
U.S. dollar is moving higher as traders focus on problems in European debt markets.
Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023
The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.
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