easyMarkets a leading Forex/CFD Broker, has officially announced the launch of its ‘Trade with the Champions’ competition, set to take place from December 2, 2024, to January 15, 2025. This competition is open to both new and existing traders, offering them an exclusive opportunity to test their strategies and compete for prestigious prizes, recognizing excellence and dedication in the field.With the launch of the ‚Trade with the Champions‘ competition, participants will have the opportunity to engage in a community-driven event that emphasizes skill development, learning, and recognition of outstanding performance in the trading field.Garen Meserlian, CMO at easyMarkets, comments, ‘The ‚Trade with the Champions‘ Competition exemplifies our commitment to providing an arena where traders can challenge themselves and gain recognition. We want to create an experience where every participant can grow and be supported by a community of like-minded individuals.’

About the Competition

‘Trade with the Champions’ creates a structured, yet accessible environment for traders to enhance their abilities while enjoying exclusive benefits. All participants receive 50% rebates on spreads, dealCancellation, and easyTrade fees, allowing them to maximize their trading potential with greater financial flexibility.This initiative highlights the importance of disciplined trading while reinforcing easyMarkets’ reputation as a supportive platform dedicated to fostering skill development and celebrating traders‘ success.

Prizes and Rewards

Participants will have the chance to compete for exciting rewards through a multi-tier prize system, designed to recognize and celebrate exceptional performance at every level:

Supreme Prize Package for the top Champion: $5,000 in trading credit, a trip to Madrid for two, luxury accommodation, VIP Real Madrid tickets for a home game, and customized Real Madrid jerseys.

Deluxe Prize Package for two distinguished traders: $2,000 in trading credit and a Real Madrid jersey.

Elite Prize Package for seven participants: $100 in trading credit and $100 risk-free trade.

To participate, traders can sign up through this link and find out more about the details of the competition and overall prizes.The Trade with the Champions’ competition is part of easyMarkets ongoing commitment to empowering traders and providing opportunities for growth, learning, and success in the dynamic world of trading.

ABOUT easyMarkets 

easyMarkets, founded in 2001, is an award-winning global broker. One of the first to offer an online experience with innovative risk management tools, including free guaranteed stop loss, easyTrade, Freeze Rate, and dealCancellation, easyMarkets provides its sizeable clientele with a streamlined, accessible, and flexible trading experience. Offering over 275 tradeable instruments, tight fixed spreads, and 24/5 dedicated support to traders around the world, easyMarkets continues to revolutionize the trading sector by providing unparalleled security and safeguards for client funds and consistently prioritizing client commitment and satisfaction.  

This article was written by FL Contributors at www.forexlive.com.

• Fed: 15 bps (61% probability of rate cut at the upcoming meeting)

2025: 78 bps

• ECB: 31 bps (77% probability of 25 bps rate cut at the upcoming meeting)

2025: 162 bps

• BoE: 4 bps (86% probability of no change at the upcoming meeting)

2025: 77 bps

• BoC: 36 bps (53% probability of 25 bps rate cut at the upcoming meeting)

2025: 104 bps

• RBA: 2 bps (91% probability of no change at the upcoming meeting)

2025: 56 bps

• RBNZ: 33 bps (66% probability of 25 bps rate cut at the upcoming meeting)

2025: 86 bps

• SNB: 32 bps (72% probability of 25 bps rate cut at the upcoming meeting)

2025: 70 bps

Rate hikes by year-end

• BoJ: 15 bps (58% probability of rate hike at the upcoming meeting)

2025: 51 bps

*where you see 25 bps rate cut, the rest of the probability is for a 50 bps cut

This article was written by Giuseppe Dellamotta at www.forexlive.com.

• To continue supportive monetary policy direction next year
• Will strengthen counter-cyclical adjustments
• Will promote stable developments of real estate, capital markets
• Wil enhance monitoring of M2 and other levels of money supply, social liquidity

The language on monetary policy this year has been consistent in that they will make it „supportive“. It looks like with the troubling state of the Chinese economy, they will have to carry that over into next year as well. Besides that, Pan is staying in his lane as he doesn’t make any quib remarks about the fiscal side of things.

This article was written by Justin Low at www.forexlive.com.

Considering economic developments, it would make sense for them to discuss a potential 50 bps rate cut. But as the job is not quite done yet on inflation, it may be an overreach to move that quickly especially with core inflation still seen at 2.7% in the latest report here. The disinflation process is facing a couple of bumps and I doubt policymakers will be too confident in dismissing that for now.

This article was written by Justin Low at www.forexlive.com.

The US Dollar continues to
pull back from the highs as the market reached the peak in the repricing of
interest rates expectations and it will need stronger reasons to price out the
remaining rate cuts for 2025.

This was signalled by the
lack of US Dollar strength after lots of strong US data with the market’s
pricing remaining largely unchanged around three rate cuts by the end of 2025.
We might see the greenback remaining on the backfoot at least until the US CPI
due next week.

On the JPY side, the latest
Tokyo CPI showed inflation accelerating across the board. BoJ Governor Ueda
said that interest rate hikes are nearing as economic trends develop in line
with the central bank’s forecasts.

The market is pricing a 58%
chance of a rate hike in December and a total of 51 bps of tightening by the
end of 2025. We will get the Japanese wage data on Friday and an upside
surprise might give the JPY another boost. The December meeting is now
definitely live.

USDJPY
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that USDJPY eventually fell all the way back to the 149.50 level. The price
bounced from it as the buyers stepped in with a defined risk below the level to
position for a rally back into the highs. The sellers will want to see the
price breaking lower to increase the bearish bets into new lows.

USDJPY Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see that from a risk management perspective, the sellers will have a much
better risk to reward setup around the 151.90 level where we can find the confluence of the trendline and the 38.2% Fibonacci retracement level. The buyers, on the other
hand, will look for a break above that resistance zone to increase the bullish bets
into the 160.00 handle next.

USDJPY Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can
see that we a minor resistance zone around the 150.50 level where the price
reacted from several times in the past days. We can expect the sellers to step
in again here to position for the break below the 149.50 support. The buyers,
on the other hand, will look for a break higher to increase the bullish bets
into the 151.90 resistance. The red lines define the average daily range for today.

Upcoming
Catalysts

Today, we
have the US ISM Manufacturing PMI and Fed’s Waller speaking. Tomorrow, we get
the US Job Openings data. On Wednesday, we have the US ADP, the US ISM Services
PMI and Fed Chair Powell speaking. On Thursday, we get the latest US Jobless
Claims figures. Finally, on Friday, we conclude the week with the Japanese
Average Cash Earnings and the US NFP report.

See the video below

This article was written by Giuseppe Dellamotta at www.forexlive.com.