Forexlive European FX news wrap: Switzerland CPI falls more than expected 0 (0)

Markets:

  • GBP leads, CHF lags on the day
  • European equities higher;
    S&P 500 futures up 0.39%
  • US 10-year yields flat at 4.289%
  • Gold
    up 0.30% to $2,752
  • WTI
    crude up 2.12% to $70.73
  • Bitcoin
    down 0.19% to $70,088

It’s been a rather slow session in terms of data releases. The main highlight was the Switzerland CPI report which missed expectations by a big margin and will likely lead the SNB to cut by 50 bps in December.

In FX, we had some mixed moves. The US Dollar is up a bit against the commodity currencies but down against the GBP. In fact, the GBP has been recovering some ground from yesterday’s selloff, although we haven’t got any catalyst for today’s bounce.

In the equities space, the risk sentiment is tentatively positive with US and European markets up on the day. Overall, there’s been a rangebound price action in the last couple of weeks as we await the US election on Tuesday.

The bond markets are basically flat on the day. The biggest movers have been the UK’s bonds after the budget announcement but it looks like they stabilised.

The focus will now switch to the US data in the American session as we get the NFP and the ISM Manufacturing PMI. As a reminder, this is going to
be a tricky report given the distortions from hurricanes and strikes in
October. Thankfully, the market and the Fed are unlikely to care that much given the distortions and the focus
on the US election on Tuesday.

Therefore, I
expect a weak report to be „forgiven“, while a strong one would just
confirm that the labour market is still doing good and add to the
expectations that the Fed might be forced to pause its easing cycle
earlier than expected in 2025.

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

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Markets trade cautiously into the US NFP report 0 (0)

Overall, it wouldn’t have been a pretty slow session if it wasn’t for the Swiss Franc selloff following the big miss in the Swiss CPI report. The market should now start to look for a 50 bps cut from the SNB in December as inflation is much lower than their latest forecasts which saw the CPI ending the year at 1.2%.

The US Dollar is mixed on the day with small gains against the commodity currencies.The British Pound is showing some life after yesterday’s selloff although there’s wasn’t any catalyst for the bounce.

The focus remains on the US elections as real money will likely want to wait for the result. Today’s NFP report is not going to change much for the market. Weak data will likely be faded due to expected distortions, while a strong reading should reaffirm the market’s view that the Fed might pause earlier than expected in 2025.

I still see the Fed cutting by 25 bps in November and December, although the Fed might deliver a hawkish cut in December if we get Trump.

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

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CreationNetwork.ai Integrates 22+ Tools for Enhanced Digital Engagement 0 (0)

CreationNetwork.ai, a groundbreaking digital platform, today
announces its public launch, redefining digital engagement for businesses,
content creators, and influencers. As an all-in-one solution for content
creation, e-commerce, social media management, and digital marketing,
CreationNetwork.ai combines 22+ proprietary AI-powered tools and 29+ platform
integrations to deliver the most extensive digital ecosystem available.

Empowering Digital Transformation with 22+ AI-Powered
Tools

CreationNetwork.ai’s suite of tools spans every facet of
digital engagement, equipping users with powerful AI technologies to streamline
operations, engage audiences, and optimize performance. Each tool is
meticulously designed to enhance productivity and efficiency, making it easy to
create, manage, and analyze content across multiple channels. Key tools
include:

  • AI
    Copywriter: Generates high-quality, unique content for blogs, social
    media, and business communications.
  • AI
    Page Maker: Simplifies landing page creation with zero design or coding
    knowledge.
  • AI
    Trend Briefs: Provides market insights and trends, positioning users at
    the forefront of innovation.
  • AI Bot
    Maker: Creates intelligent chatbots for seamless user interaction and
    customer support.
  • AI
    Video Maker: Produces captivating, brand-aligned promotional videos.
  • AI
    Video Ambassador: Transforms text scripts into spokesperson videos with
    customizable avatars.
  • AI
    Voiceovers Studio: Offers lifelike voiceovers in multiple languages and
    accents.
  • AI
    SmartVoice Replicator: Clones voices to maintain brand consistency across
    content.
  • AI
    Voice Modifier: Enhances voice recordings, elevating audio quality
    effortlessly.
  • AI
    SmartTranscriber: Converts audio into text with accuracy, ideal for
    transcription and subtitles.
  • AI
    Design Studio: Enables professional-quality graphic creation without
    design skills.
  • AI
    BrandMagic: Instantly creates essential brand assets like logos and
    business cards.
  • AI
    Banners: Tailors banners for digital platforms and campaigns.
  • Art
    Academy – Image Genius: Allows text-to-image transformation, animations,
    and editing with AI.
  • Social
    Metrics Analytics: Offers detailed insights on social media performance
    metrics.
  • Social
    SmartEngagement: Increases engagement through targeted AI-driven insights.
  • Social
    PublishMaster: Automates social publishing with optimized timing and
    platform synchronization.
  • Social
    Listen Monitor: Tracks brand mentions and audience sentiment across social
    media.
  • Social
    Automation Optimize: Automates repetitive tasks, improving workflow and
    engagement.
  • Social
    CollaborationPro: Fosters team collaboration, managing content creation
    and approval processes.
  • AI
    & Automation: Integrates AI-driven insights across content creation,
    engagement, and analytics.
  • Team-Powered
    Branding: Amplifies brand messaging through employee advocacy.

Each of these tools is designed to optimize digital
engagement, reduce manual workload, and enable users to focus on impactful,
strategic actions. CreationNetwork.ai’s suite harnesses the transformative
power of AI and blockchain, fostering both creativity and precision.

Comprehensive Integration Network: 29+ Platform
Connections for Maximum Reach

One of the most distinguishing features of
CreationNetwork.ai is its extensive integration network. With over 29
integrations, users can synchronize their digital activities across major
social media, e-commerce, and content platforms, providing centralized
management and engagement capabilities.

Social Media Integrations: Facebook, X (Twitter), Instagram,
LinkedIn, Pinterest, TikTok, YouTube, WhatsApp, Telegram, Discord, and
Snapchat.

E-commerce Integrations: Google Business Profile, Shopify,
WooCommerce, Etsy, BigCommerce, Ecwid, and Wix Commerce, supporting online
retailers with seamless inventory and order management.

Content Creation Integrations: Canva, Grammarly, Airtable,
Zapier, Make, Adobe Express, Unsplash, Giphy, Pexels, Pixabay, and Dropbox
allow users to access resources for content creation and file management
without leaving the CreationNetwork.ai platform.

This integration network empowers users to manage their
brand presence across platforms from a single, unified dashboard, significantly
enhancing efficiency and reach.

Community Incentives: CRNT Token Airdrop and ICO
Whitelisting

In preparation for its Initial Coin Offering (ICO),
CreationNetwork.ai is launching a $750,000 CRNT Token Airdrop to reward early
supporters and incentivize participation in the CreationNetwork.ai ecosystem.
Qualified participants can secure their position by following
CreationNetwork.ai’s social media accounts and completing the whitelist form
available on the official website. This initiative highlights
CreationNetwork.ai’s commitment to building a strong, engaged community.

CreationNetwork.ai: The Future of Digital Content and
Marketing

CreationNetwork.ai is also a comprehensive digital ecosystem
for businesses, creators, and marketers. Combining the power of AI and
blockchain, CreationNetwork.ai redefines how users manage their digital
presence, from crafting content to engaging with audiences across diverse
channels. Its suite of tools, extensive integrations, and commitment to
community-building make CreationNetwork.ai a leading solution for digital
transformation.

“CreationNetwork.ai is built to set a new benchmark in
digital engagement,” said Ali Demir, CEO of CreationNetwork.ai. “We’re
providing creators and businesses with an all-encompassing solution that
combines innovative AI, deep platform integrations, and automation. Our
platform is truly one of a kind, empowering users to harness the full potential
of digital technology.”

About CreationNetwork.ai

CreationNetwork.ai (https://creationnetwork.ai/) is a leader
in AI-driven content creation, social media management, and e-commerce
solutions, leveraging blockchain technology to empower its users with advanced
digital engagement tools. Through a broad spectrum of AI tools and extensive
integrations, CreationNetwork.ai is dedicated to transforming the way brands,
businesses, and creators connect with audiences in an ever-evolving digital
world.

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

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Flipster Partners with BNB Chain for Fee-Free Withdrawals 0 (0)

Flipster, a global crypto derivatives exchange, has
announced a collaboration with BNB Chain, a community-driven blockchain
ecosystem, to offer fee-free withdrawals, aiming to democratize access to
cryptocurrency trading.

This collaboration builds on Flipster’s existing zero-fee
trading model, aligning with both Flipster and BNB Chain’s shared mission to
make cryptocurrency trading more user-friendly and cost-effective. By backing
BNB Chain’s gas-free withdrawals initiative, Flipster users will be able to
transact with ease and capitalize on market movements effectively while
avoiding hidden fees and slippage.

CEO of Flipster, commented, “We’ve always been focused on
building an inclusive and user-centric environment to enhance the trading
experience for our users. Collaborating with BNB Chain on fee-free withdrawals
is a natural step toward advancing our shared vision of opening up crypto
trading to the masses. We are committed to fostering a thriving ecosystem where
digital assets are easily accessible to everyone.“

Beyond bridging the gap between traditional finance and
crypto, Flipster aims to explore further synergistic initiatives that
accelerate crypto adoption. This includes fostering connections within the
ecosystem, providing seamless entry into the market, and enhancing the overall
trading experience, to encourage greater participation in the ecosystem.

Gala Wen, Director of Ecosystem Development at BNB Chain,
added „Collaborating with Flipster to provide gas-free withdrawals is a
key part of our ongoing efforts to lower barriers to entry in the crypto
market. By removing withdrawal fees, we empower more users to engage with
digital assets and expand access to cryptocurrency, aligning with BNB Chain’s
mission to onboard the next billion users into Web3. We look forward to
exploring further initiatives with Flipster to enhance user empowerment.”

Flipster’s platform is designed for rapid trade execution,
deep liquidity, and zero trading fees. With the integration of BNB Chain’s
fee-free withdrawals, users can withdraw stablecoins without incurring
additional costs until the end of the month.

Processing over $10 billion in monthly trading volume and
serving over a million users, more than 98% of asset deposits and withdrawals
on Flipster are stablecoins, making the zero-fee withdrawal offering on BNB
Chain even more valuable for users looking to maximize their returns.

For more information about the campaign, please refer to
Flipster’s blog.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem that is
removing barriers to Web3 adoption. It is composed of:

·
BNB Smart Chain (BSC): A secure DeFi hub with
the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s
governance chain.

·
opBNB: A scalability L2 that delivers the lowest
gas fees of any L2 and rapid processing speeds.

·
BNB Greenfield: Meets decentralized storage
needs for the ecosystem and lets users establish their own data marketplaces.

Setting a high bar for security, the AvengerDAO community
protects BNB Chain users while Red Alarm provides a real-time risk-scanner for
Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as
part of its Builder Support Program.

About Flipster

Flipster (https://tinyurl.com/) is a crypto derivatives
exchange known for its lightning-fast perpetual futures listings, zero trading
fees, high liquidity, and rapid trade executions. The easy-to-use platform
provides users with an all-in-one trading experience with leverage of up to 100x
on over 250 tokens, supporting traders globally in capitalizing on market
opportunities. For media enquiries or interview requests with the team, please
reach out to pr@flipster.io.

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

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UK October final manufacturing PMI 49.9 vs. 50.3 prelim 0 (0)

  • Final Manufacturing PMI 49.9 vs. 50.3 expected and 51.5 prior.

Key findings:

  • Manufacturing PMI at 49.9 in October.
  • Reduced new order intakes rein in output growth.
  • Input price inflation eases sharply.

Comment:

Rob Dobson, Director at S&P Global Market Intelligence:

“UK manufacturing started the final quarter of the year
on an uncertain footing amid speculation on government
policies ahead of the Budget, which was widely reported
to have led to a wait-and-see approach on investment
and spending. This domestic headwind, combined with an
ongoing loss of export business, led to the first outright
contraction in new work intakes since April.

Output growth
came close to stalling as a result.
The generally lacklustre environment was also reflected
in the headline PMI slipping below its neutral 50.0 mark
and business optimism hovering only slightly above
September’s nine-month low.
There was better news on the price front. Input cost
inflation fell to a ten-month low, easing to one of the
greatest extents in the 33-year survey history.

Selling
price inflation also moderated. This may provide some
headroom for policy makers to support growth if demand
weakens.
The November PMI will be especially keenly anticipated
to see the near-term impact of the Budget on business
conditions and in particular the effect on confidence.”

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

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How to Start Trading: A Beginner’s Guide by Octa Broker 0 (0)

The
Asian financial markets are experiencing a substantial increase in interest
from novice traders. In Southeast Asia, online trading has expanded rapidly,
driven by growing internet access and an increasingly digital-savvy population.
In Indonesia, active online traders grew by 18%,
supported by a thriving e-commerce sector and rising financial literacy. Across
Southeast Asia, the digital economy is projected to reach $1 trillion by 2030, highlighting the region’s fast-paced growth and
the broadening appeal of financial trading as a means to diversify income
streams and improve financial security.

While
the trend for trading is obvious, beginners often find themselves lost in the
whirlpool of markets, assets, graphs, and tools. To facilitate entry for novice
traders, Octa, a broker with globally recognised licences, explains how to get
started and what assets to consider for first trades. It also offers vital tips
on diversification and risk management.

3 assets for beginner traders

For
those just starting their trading journey, selecting the right assets is
crucial. Beginners should focus on stable, liquid, and widely traded
instruments that offer enough volatility for profit opportunities but not too
much unpredictability. In this guide, Octa explores three such assets.

Gold

Gold’s
historical stability makes it a great choice for beginner traders. It is less
volatile than other financial instruments, and its liquidity ensures that
traders can always find buyers or sellers when they need to close a position.
Additionally, gold is well-supported by fundamental factors like inflation and
geopolitical tensions, offering traders steady opportunities over the long
term.

In
2024, with global markets facing heightened volatility and currencies in key
Asian economies, including India and China, experiencing depreciation
pressures, gold’s appeal has strengthened. According to the OECD Economic
Outlook for Southeast Asia, China, and India 2024
, currency fluctuations and rising inflation in
these regions have prompted investors to seek more stable assets, making gold
an increasingly attractive option.

Gold
demand in Asia has surged to notable levels in 2024, driven by increased
investments in gold bars and jewellery across the region. Thailand, for
instance, saw consumer gold demand soar by 20% to 9 tonnes in Q2 2024, marking the highest growth rate in Southeast Asia.
With the festive season approaching in countries like India, the World Gold
Council anticipates further boosts in gold demand, which, combined with global
inflationary pressures, has pushed gold prices higher. For beginner traders,
these stable and growing trends make gold an attractive asset for both
stability and long-term growth potential.

For beginners, trading gold is
fairly straightforward. They can either take long positions (buy gold when they
believe prices will rise) or short positions (sell when they expect prices to
fall). As a basic example below shows, those who opened long positions at
$2,604 per ounce have already seen gains of $116 per ounce. With a 1,000-ounce
trade, this translates into a profit of $116,000.

EURUSD

The EURUSD pair is among the most
popular and liquid in the Forex market, making it perfect for beginners.
Liquidity is key here, as it promotes tight spreads and allows traders to enter
and exit positions without facing significant slippage. Furthermore, EURUSD
trading volumes are among the highest globally, allowing beginners to buy and
sell easily, even with small amounts of capital.

Moreover, this currency pair is
preferable for beginners due to the wide availability of market information.
Anyone can easily find analyses, forecasts, and educational resources online,
making it simpler to understand how the asset behaves. The EURUSD pair is also
relatively stable, meaning that wild price swings are less common, allowing
beginners to learn the market without excessive volatility. As the example
below shows, traders who sold EURUSD at $1.12 and closed at $1.08 earned $333
from a 0.1-lot trade. This illustrates that even small trades can bring
tangible profits.

Beginners can start by analysing
key economic data from both the U.S. and the Eurozone. The pair reacts to major
announcements like GDP figures, interest rate changes, and employment reports.
However, it’s advised to avoid trading when news is released, to protect one’s
capital from unexpected volatility.

Brent and WTI

Brent and WTI (West Texas
Intermediate) crude oil are two of the most significant commodities traded
worldwide, often referred to as ‚black gold‘. They are attractive assets for
beginners because of their liquidity and frequent price movements, allowing for
opportunities to profit in both rising and falling markets.

Oil is a highly liquid commodity,
meaning that traders can easily buy and sell contracts without much risk of
slippage. Furthermore, oil prices are strongly influenced by global factors
such as geopolitical events, supply chain disruptions, and shifts in energy
policies. This gives traders clear cues to watch for when planning their
trades. One of the most common strategies for trading oil is to follow
geopolitical events and OPEC’s (The Organization of the Petroleum Exporting
Countries) decisions, which can influence prices dramatically. However, traders
should also keep in mind that such events may provoke increased volatility.

Beginners can easily enter oil
trading as a rather small deposit is enough. In the example below, traders who
opened a sell order on Brent at $79 and closed it at $69 earned a $1,000 profit
from just a $100 capital investment.

Diversification as the #1 rule for beginners

Diversification is spreading your
investments across different asset classes to reduce risk. The idea is that if
one asset underperforms, others in the portfolio may still do well, helping to
protect your capital.

For beginner traders,
diversification is an essential risk management strategy. Instead of putting
their whole capital into one asset, such as gold or oil, they can spread their
investment across multiple assets, reducing the risk of large losses. Diversifying
also allows traders to take advantage of different market conditions. For
instance, when gold prices rise during times of uncertainty, oil may experience
price drops due to falling demand.

Kar Yong Ang, financial market
analyst at Octa broker, notes: ‚Diversification
isn’t just a strategy—it’s a
necessity for new traders. By allocating funds across multiple assets, you
protect your portfolio from unexpected market movements, ensuring that no
single downturn significantly impacts your trading results.‘ He adds that a
well-diversified portfolio might allocate 40% to gold, 30% to EURUSD, and 30%
to Brent crude oil.

5 tips for beginner traders

  1. Learn the market basics: Start
    by understanding the fundamentals of the financial markets. Learn what
    drives asset prices and how market events, like geopolitical changes or
    central bank announcements, can affect the assets you’re trading.
  2. Practise on a demo account: Before
    risking real money, use a demo account to trade in simulated conditions.
    This gives you a chance to familiarise yourself with the platform, learn
    the ropes, and refine your strategies without financial risk.
  3. Limit exposure to 5% of your
    deposit: One of the biggest mistakes beginners make is over-leveraging.
    Never risk more than 5% of your total deposit on any single trade. This
    way, even if a trade goes wrong, you won’t lose your entire account
    balance.
  4. Diversify your portfolio: Spread
    your investments across different assets. By diversifying, you reduce risk
    and make your portfolio more resilient to market fluctuations.
  5. Commit to continuous learning: The
    financial markets are always changing, and successful traders are those
    who never stop learning. Stay up-to-date on market news, attend webinars,
    and continuously study new strategies to stay ahead.

Conclusion

For beginner traders in Asia
starting with reliable assets such as gold, the EURUSD currency pair, and oil
provides a solid foundation. Trading offers the opportunity to create
additional income but requires careful planning, strategic diversification, and
continuous learning.

By following these tips and
focusing on stable, widely traded assets, you can build a profitable trading
strategy while managing risk effectively. Remember that patience and discipline
are key, and with the right approach, trading can become a valuable source of
income.

About
Octa

Octa is an
international broker that has been providing online trading services worldwide
since 2011. It offers commission-free access to financial markets and a variety
of services used by clients from 180 countries who have opened more than 52
million trading accounts. To help its clients reach their investment goals,
Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a
comprehensive network of charitable and humanitarian initiatives, including the
improvement of educational infrastructure and short-notice relief projects
supporting local communities.

Since its foundation, Octa has won
more than 70 awards, including the ‘Best Forex Broker 2023’ award from
AllForexRating and the ‘Best Mobile Trading Platform 2024’ award from Global
Brand Magazine.

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

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US October Challenger layoffs 55.60k vs 72.82k prior 0 (0)

  • Prior 72.82k

US-based employers announced 55,597 job cuts in October and that is a near 24% decrease from the number of layoffs announced in September. That said, it is up almost 51% compared to the October of 2023. From last month’s report, we already saw the number of layoffs year-to-date in 2024 surpassing the entire total for 2023. So, this continues with that trend and suggests softening in the labour market this year.

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

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GBPUSD Technical Analysis – The US Dollar momentum looks exhausted 0 (0)

Fundamental
Overview

The strong bullish momentum
in the US Dollar waned a bit in this final part of the week as we got a
pullback in Treasury yields. In fact, the main culprit for the US Dollar
strength lately has been the rally in long term Treasury yields.

The yield curve has been
bear-flattening which is what you would expect with higher growth and
potentially higher inflation expectations. There’s a good argument that this
rally was a reflection of higher Trump’s winning odds.

On the GBP side, we got the
UK budget announcement yesterday which led to some choppy
price action in the British Pound. It looks like the market took it as less
contractionary than expected with the markets scaling back rate cuts
expectations for the BoE.

GBPUSD
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that GBPUSD seems to be bottoming out around the major trendline with the buyers stepping in for a
potential rally into the 1.32 handle. The sellers will want to see the price
breaking below the trendline to extend the drop into the 1.27 handle.

GBPUSD Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see that the price is breaking above the downward trendline that was defining
the bearish momentum on this timeframe. This might be a signal of a bigger
pullback to the upside.

The buyers will need to
break above the 1.3050 level to gain more conviction and increase the bullish
bets into the 1.32 handle next. The sellers, on the other hand, will likely
step in around the 1.3050 level to position for the break of the major trendline.

GBPUSD Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can
see the choppy price action since yesterday with no clear direction. There’s
not much to do here other than waiting for the price to either break above the
1.3050 level or below the trendline. The red lines define the average daily range for today.

Upcoming
Catalysts

Today we have the US PCE, the US Jobless Claims and the US Employment Cost
Index data. Tomorrow, we conclude the week with the US NFP and the US ISM
Manufacturing PMI.

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

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What is the distribution of forecasts for the US PCE report? 0 (0)

Why it’s
important?

The ranges
of estimates are important in terms of market reaction because when the actual
data deviates from the expectations, it creates a surprise effect. Another
important input in market’s reaction is the distribution of forecasts.

In fact,
although we can have a range of estimates, most forecasts might be clustered on
the upper bound of the range, so even if the data comes out inside the range of
estimates but on the lower bound of the range, it can still create a surprise
effect.

Distribution
of forecasts for PCE

PCE Y/Y

  • 2.2%
    (9%)
  • 2.1%
    (66%) – consensus
  • 2.0%
    (25%)

PCE M/M

  • 0.2%
    (85%) – consensus
  • 0.1%
    (15%)

Core PCE Y/Y

  • 2.7%
    (19%)
  • 2.6%
    (81%) – consensus

Core PCE M/M

  • 0.3%
    (71%) – consensus
  • 0.2%
    (29%)

Overall, I don’t think that the data this week matters that much as we have the US elections on Tuesday, but it could still move the market and add some more info to the bigger picture.

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

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Italy October preliminary CPI +0.9% vs +1.0% y/y expected 0 (0)

  • Prior +0.7%
  • HICP +1.0% vs +0.8% y/y expected
  • Prior +0.7%

This matches up to what we are seeing with Spain, Germany, and France this week. Headline prices are marked higher in October but this did not lead to much change in core prices as seen with the Eurozone release at the same time.

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

Go to Forexlive