Fundamental
Overview

The US Dollar is now lower
across the board as the market erased most of the greenback’s gains following
Trump’s victory. This has been a puzzling reaction as Trump’s policies are
likely to spur growth and potentially end the Fed’s easing cycle earlier than
expected.

We can argue that the
market was already positioned for a Trump’s victory as we saw the greenback
rallying for a couple of weeks leading into the US election. So, this might
just be a “sell the fact” reaction and the market might now need more to keep
bidding the USD.

Another possible
explanation is that the market is more focused on global growth now and that’s
generally bearish for the greenback. We saw something similar in 2016 when the
USD rallied strongly once Trump got elected but after a couple of months, it went
into a 2-year long downtrend.

The Fed for now remains
neutral and on track to keep cutting rates. Yesterday, they cut by 25 bps as expected and given the overall neutral
message, the market expects another 25 bps cut in December. Strong data from
now until the December meeting though could change their plans for 2025.

We have the US CPI report
next week and that’s going to be a test. If the US Dollar sells off on hot
data, then the market might be indeed focusing on global growth rather than the
potential for an earlier pause in the Fed’s easing cycle.

AUDUSD
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that AUDUSD spiked to a new low as Trump got elected President but
eventually reversed course and rallied into a new high. We have a key level
around 0.6622. The buyers will likely step in there with a defined risk below
the level to position for a rally into new highs. The sellers, on the other
hand, will want to see the price breaking lower to pile in for a drop into the
0.64 handle.

AUDUSD Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see that the price is reacting to the key level as we got the first rejection.
There’s not much more we can add here as the buyers will look for a bounce,
while the sellers will look for a break lower.

AUDUSD Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can
see that at the moment we have a downward trend on this timeframe. The buyers
will want to see the price breaking above the most recent lower high around the
0.6660 level to increase the bullish bets into new highs. The red lines define
the average daily range for today.

Upcoming
Catalysts

Today we conclude the week with the University of Michigan Consumer Sentiment
report.

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

Fundamental
Overview

The US Dollar is now lower
across the board as the market erased most of the greenback’s gains following
Trump’s victory. This has been a puzzling reaction as Trump’s policies are
likely to spur growth and potentially end the Fed’s easing cycle earlier than
expected.

We can argue that the
market was already positioned for a Trump’s victory as we saw the greenback
rallying for a couple of weeks leading into the US election. So, this might
just be a “sell the fact” reaction and the market might now need more to keep
bidding the USD.

Another possible
explanation is that the market is more focused on global growth now and that’s
generally bearish for the greenback. We saw something similar in 2016 when the
USD rallied strongly once Trump got elected but after a couple of months, it went
into a 2-year long downtrend.

The Fed for now remains
neutral and on track to keep cutting rates. Yesterday, they cut by 25 bps as expected and given the overall neutral
message, the market expects another 25 bps cut in December. Strong data from
now until the December meeting though could change their plans for 2025.

We have the US CPI report
next week and that’s going to be a test. If the US Dollar sells off on hot
data, then the market might be indeed focusing on global growth rather than the
potential for an earlier pause in the Fed’s easing cycle.

USDCHF
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that USDCHF couldn’t extend the rally above the key resistance zone around the 0.8730 level. We now
have an upward trendline
defining the bullish momentum. We can expect the buyers to lean on it to
position for a rally into new highs, while the sellers will look for a break lower
to increase the bearish bets into new lows.

USDCHF Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see that we have a minor support around the 0.87 handle. The buyers will likely
step in there with a defined risk below it to target new highs, while the
sellers will look for a break lower to increase the bearish bets into the major
trendline.

USDCHF Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, there’s
not much to add here as the buyers will look for a bounce around the 0.87
handle, while the sellers will look for a break. The red lines define the average daily range for today.

Upcoming
Catalysts

Today we conclude the week with the University of Michigan Consumer Sentiment
report.

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

Fundamental
Overview

The Nasdaq tested the
all-time high following Trump’s victory and the red sweep as the market started
to look forward to bullish drivers like tax cuts and deregulation.

One potential bearish
reason people are looking at is rising Treasury yields. That’s generally
bearish when the Fed is tightening though as the market looks forward to an
economic slowdown.

Right now, the Fed’s
reaction function is that a strong economy would warrant an earlier pause in
the easing cycle and not a tightening. That should still be supportive for the
stock market.

If the Fed’s reaction
function changes to a potential tightening, then that will likely see the stock
market correcting lower.

Nasdaq
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that the Nasdaq bounced on the trendline and extended the rally into the
all-time high following Trump’s victory. The sellers will likely step in around
these levels with a defined risk above the all-time high to position for a drop
back into the trendline. The buyers, on the other hand, will want to see the
price breaking higher to increase the bullish bets into new highs.

Nasdaq Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see more clearly the incredible rally since the bounce on the trendline. The
price is now testing the all-time high with the Fed’s decision looming. The
momentum is strong but if we get a bearish reaction to the Fed’s decision in
the afternoon, the dip-buyers will likely step in around the 20700 level. The
sellers, on the other hand, will look for a break lower to target the
trendline.

Nasdaq Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can
see that the strong bullish momentum on this timeframe is fading a bit as the price
broke below the minor upward trendline. This price action might signal a
pullback into the 20700 level. The red lines define the average daily range for today.

Upcoming Catalysts

Today we have the US Jobless Claims and the FOMC Policy Decision. Tomorrow,
we conclude the week with the University of Michigan Consumer Sentiment report.

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

Fundamental
Overview

The S&P 500 soared into
a new all-time high following Trump’s victory and the red sweep as the market
started to look forward to bullish drivers like tax cuts and deregulation.

One potential bearish
reason people are looking at is rising Treasury yields. That’s generally bearish
when the Fed is tightening though as the market looks forward to an economic
slowdown.

Right now, the Fed’s
reaction function is that a strong economy would warrant an earlier pause in
the easing cycle and not a tightening. That should still be supportive for the
stock market.

If the Fed’s reaction function
changes to a potential tightening, then that will likely see the stock market
correcting lower.

S&P 500
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that the S&P 500 bounced from the key support
zone around the 5720 level and extended the rally into a new all-time high
following Trump’s victory. The only technical level of note now is the resistance
turned support around the 5918 level.

If we get a pullback, we
can expect the buyers to step in there to position for a rally into new highs,
while the sellers will look for a break lower to start targeting the 5830 level
next.

S&P 500 Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see more clearly the support around the 5918 level on this timeframe where we
did get a bounce yesterday already. The momentum is strong but if we get a
bearish reaction to the Fed’s decision in the afternoon, the dip-buyers will
likely step in around that level to target new highs. The sellers, on the other
hand, will look for a break lower to target the 5830 level.

S&P 500 Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, there’s
not much we can add here although the price action here looks like the momentum
has slowed and we might get the pullback. The red lines define the average daily range for today

Upcoming
Catalysts

Today we have the US Jobless Claims and the FOMC Policy Decision. Tomorrow,
we conclude the week with the University of Michigan Consumer Sentiment report.

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

• Prior +0.2%; revised to +1.1%

Euro area retail sales grew by more than expected and that is on top of a sharp revision higher to the August figure. Looking at the details, food sales were down 0.4% but non-food store retail sales were up 1.1% with automotive fuel store sales up 0.2% on the month. That being said, all this is Q3 data and feeds into the overall picture here already.

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

Fundamental
Overview

The US Dollar rallied
across the board yesterday as Trump got elected President of the US. The
Republicans won also the Senate and the House giving us a red sweep and therefore
high chances of tax cuts.

This should be the most
bullish scenario for the greenback as it should lead to higher growth and less
rate cuts expectations.

In fact, given the red
sweep and the strong US data we keep on getting, the Fed might start to change
its stance, and we could see a much earlier than expected pause in 2025.

On the GBP side, we have
the BoE rate decision today where the central bank is expected to cut by 25 bps
with potentially 1 member voting for a hold and 2 members voting for a 50 bps
cut.

Looking ahead, the market
priced out the high chances of a back-to-back cut in December but if the data
were to worsen further, we might see the market pricing that back in.

GBPUSD
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that GBPUSD bounced from the recent low around the 1.2843 level. This is
where the buyers are stepping in to position for a pullback into the 1.30
handle. The sellers, on the other hand, will want to see the price breaking lower
to increase the bearish bets into the 1.27 handle next.

GBPUSD Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see more clearly the bounce from the recent low which is now a strong support
zone. There’s not much we can add here as we could get stuck in a range between
the 1.2843 support and the 1.3044 resistance. A breakout on either side should
lead to a more sustained trend.

GBPUSD Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can
see that we have a minor counter-trendline
defining the current pullback on this timeframe. The buyers will likely keep on
leaning on the trendline to position for new highs, while the sellers will look
for a break lower to position for the break of the support zone. The red lines
define the average daily range for today.

Upcoming
Catalysts

Today we have the BoE Policy Decision, the US Jobless Claims and the FOMC
Policy Decision. Tomorrow, we conclude the week with the University of Michigan
Consumer Sentiment report.

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

Cryptocurrency
payments have made financial transactions faster and safer. Forex brokers that
integrate a cryptocurrency payment gateway can provide these advantages and
more for their users. Crypto payment integration results in real-time
transaction settlement, lower fees, and improved fraud prevention. These
benefits increase forex brokers‘ operational efficiency, help them attract a
global clientele, and remove geographical barriers. To grow and scale as a
broker in this dynamic era, blockchain technology must be applied strategically
to increase a business’s competitive edge, and drive scalability. Discover how
accepting crypto payments can improve your forex brokerage business in this
article.

Increased Global Reach

Forex
brokers can expand their global reach by integrating a cryptocurrency payment
gateway. Research by
Oxprocessing and B2Broker shows that forex brokers saw
a 20-30% increase in their client base when they started accepting
cryptocurrency payments.

The
rising forex broker client base after crypto adoption stems from the popularity
and user realization of the benefits of crypto like real-time transaction
settlement, unlike banks. The lower fees, flexibility, and additional security
also attract many users as we shall see subsequently.

Accepting
crypto through payment gateway solutions like Onchainpay.io
connects a forex broker and its customers with the innovation and flexibility
offered by decentralized finance. Crypto payment gateway integration is crucial
in expanding and getting a bigger global customer market share.

Improved User Security

Integrating
a proven and transparent cryptocurrency payment gateway like Onchainpay.io
which uses two-factor authentication, permissioned API access, and real
blockchain addresses to secure user funds offers all the advantages.

Advanced
encryption and decentralized verification through blockchain technology ensure
secure transactions and minimize fraud. No one can alter blockchain
transactions as they are recorded on a public ledger that is almost impossible
to counterfeit.

Transactions
are traceable and secure onchain, increasing user confidence in the forex
brokers who adopt crypto payments. With crypto payment, transactions occur in
simple sends or receives between wallet addresses without intermediaries that
can delay the process. By adopting crypto payment forex brokers can establish
user trust and stand out from the competition.

Transaction Speed and Overall
Efficiency

Real-time
payment settlement is a game changer for forex brokers. Payment gateway
comparison experts Crypto Payment Gateways note that while the average
traditional payment processing time takes 7-14 days, cryptocurrency payments
settle in a few seconds to a few minutes.

Crypto
payments increase speed, boost operational efficiency, and drive forex broker
customer satisfaction by providing quick access to funds. Lower transaction
fees from crypto payment integration lead to massive cost savings. Forex
brokers can operate more efficiently, save customer time, and remain at the
forefront of innovation by integrating state-of-the-art crypto payment
processing solutions like Onchainpay.io.

Affordable Fees

Analysis from Blockdata shows that cryptocurrency
payments can cut transaction costs by 70% compared to traditional methods.
Paying with known methods like credit cards often incurs 1.5% to 3.5% in
transaction fees. Cryptocurrency transactions using payment methods like Bitcoin
cost about 0.01%-1%.

Reduced
transaction cost presents a business advantage for brokers who can also attract
customers seeking affordable trading options. With blockchain technology forex
brokers can offer real-time and competitive transaction costs as a strategic
move to increase overall user experience.

Seamless Cross-Border Payment
Processing

Decentralized
finance offers direct and seamless cross-border payment settlement with lower
fees and zero delays. Through digital currency payment integration, forex
brokers can attract a global user base interested in innovation and
opportunities in decentralized finance. Crypto payment integration makes
cross-border transactions more efficient with no intermediary and additional
security. With it, forex brokers can enjoy frictionless cross-border payment
processing and devote more time to expanding other aspects of their business.

Easy Scalability

From
declined card transactions to restricted regions, the limitations of
traditional payment systems impact forex brokers’ ability to scale. Brokers can
tap into the global market and attract clients across the globe by adopting
crypto payment solutions. The flexibility of crypto integration also helps
brokers build adaptable business models and solutions that serve their client
base perfectly. These benefits coupled with cost savings and instant settlement
mentioned before improve brokerage efficiency and user satisfaction helping
forex brokers grow their business beyond expectations.

User Satisfaction and Competitive
Edge

Crypto Wallet

Self-custody
wallets are a huge advantage for crypto users. Imagine the ability to own and
control 100% of your assets. Crypto wallets make this possible and withdrawing
forex profit into self-custodial crypto wallets is a dream for most
participants in the financial market today. Crypto wallets are a convenient
option that improves customer satisfaction. Hence brokers who accept crypto win
more customers and stand out from the crowd of available options.

Crypto Adoption

Through
crypto payment and transaction settlement integration, forex brokers can get
along with the current trend and preference for digital assets. A report released by
Fxleaders notes that traders and investors are ahead of the pack in the rapid race
toward cryptocurrency adoption which has already attracted over 300 million
users globally.

Profit Withdrawal and Deposit

The
last thing traders want after the close shave of almost getting drowned due to
market volatility is waiting forever to withdraw. Instant settlement
cryptocurrency payment gateways like Onchainpay.io
provide an excellent payment processing solution for instant deposits and
withdrawals. With real-time secure payments on Onchainpay.io,
users enjoy a better experience while the forex broker competes favorably among
the available alternatives.

Smart Contracts

Smart
contracts are self-executing codes on the blockchain designed to streamline
user experience. They ensure secure transactions as they cannot be altered once
deployed, and are transparently verifiable onchain. Recurring payment solutions
on Onchainpay.io, for example, are powered by a series of secure smart
contracts and can also be helpful in automated withdrawals for trader’s
discipline and plan.

Conclusion

Cryptocurrency
payments save time lower cost and offer competitive advantages to forex
brokers. It enables instant settlement of cross-border transactions and
enhances user experience with a range of options such as self-custody which
gives users complete control over their assets. Onchainpay.io’s
cryptocurrency payment gateway and merchant solution are designed to help
brokers provide secure, flexible, and reliable crypto withdrawals and deposit
options for their customers. Onchainpay is simple to integrate and works
perfectly with almost all known payment setups. With customizability,
segregated payments, and automatic settlements Onchainpay.io is the best thing
since sliced bread for forex broker payment.

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

That is the highest level in four months and carries on from the surging run since October. And this is in part fueling the dollar gains on the day with EUR/USD now down nearly 2% at 1.0715 and USD/JPY up 1.7% to 154.15 currently.

Trump’s domestic policies are largely aimed at boosting growth, spending and with regards to foreign trade, tariffs and trade conflicts are going to stir up some added drama. All of which markets are anticipating to feed into higher inflationary pressures in due time.

That is partly why there’s so much angst in bonds now but also if Trump digs into the fiscal checkbook i.e. more borrowing, it does put upward pressure on yields as well.

It’s still too early to judge the exact nature and magnitude of how Trump’s presidency will impact the above issues. But for traders, the considerations are definitely there already as evident in the bond market reaction we’re seeing.

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

The Associated Press has made their call and we’re seeing everyone else chime in with CBS, Fox, and CNN all making their calls as well. Even Edison Research and FiveThirtyEight are also now calling it for Trump. What is impressive is that it looks to be a clean sweep of all the swing states. That will see Trump end with 312 votes against Harris‘ 226 votes.

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

Fundamental
Overview

Gold is trading lower today
as Trump got elected President of the US. The Republicans won the Senate, and
they just need the House now to get a red sweep.

That is the most bearish
scenario for gold in the short-term as it would make the tax cuts easier to
pass which should lead to higher growth and less rate cuts expectations. As of
now, the probabilities are in favour of the Republicans.

Given the above and the
strong US data we keep on getting, the Fed might start to change its stance,
and we could see a much earlier than expected pause in 2025.

Gold
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that gold bounced near the major trendline as the buyers stepped in to
position for a rally into a new all-time high. The sellers, on the other hand,
will want to see the price breaking lower to increase the bearish bets into new
lows.

Gold Technical Analysis
– 4 hour Timeframe

On the 4 hour chart, we can
see that we now have a minor downward trendline defining the current bearish
momentum on this timeframe. The sellers will likely lean on the trendline to
position for the break below the major trendline. The buyers, on the other
hand, will want to see the price breaking higher to increase the bullish bets
into new highs.

Gold Technical Analysis
– 1 hour Timeframe

On the 1 hour chart, we can
see that the price bounced from the lower bound of the average daily range for today. We can also see that we
have a pretty strong resistance zone around the 2730 level now.

The sellers will likely
pile in around the resistance and the trendline to keep pushing
into new lows, while the buyers will look for a breakout to the upside to
invalidate the bearish setup and increase the bullish bets into a new all-time
high.

Upcoming Catalysts

Tomorrow we have the US Jobless Claims and the FOMC Policy Decision. On Friday,
we conclude the week with the University of Michigan Consumer Sentiment report.

See the video below

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