FOREX NEWS & BLOG

USD/CHF: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25

USD/CHF: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25

January 20, 2025 1:20 pm |

Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.9201 with a target of 0.8724 – 0.8386. A sell signal: the price holds below 0.9201. Stop Loss: above 0.9245, Take Profit: 0.8724 – 0.8386. Alternative scenario: Breakout and consolidation above the level of 0.9201 will allow the pair to continue rising to the levels of 0.9340 – 0.9530. A buy signal: the level of 0.9201 is broken to the upside. Stop Loss: below 0.9150, Take Profit: 0.9340 – 0.9530. Main Scenario Consider short positions from corrections below the level of 0.9201 with a target of 0.8724… Read full author’s opinion and review in blog of #LiteFinance

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Short-Term Analysis for Oil, Gold, and EURUSD for 17.01.2025

Short-Term Analysis for Oil, Gold, and EURUSD for 17.01.2025

January 20, 2025 12:59 pm |

I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold has reversed its short-term downtrend this week. Major Takeaways USCrude: oil has tested the Gold Zone 77.21 – 76.95 again. XAUUSD: gold is rising within a short-term uptrend. EURUSD: bears are trying to drag the euro down in the impulse movement after the resistance (A) 1.0329 – 1.0315 was tested. Oil Price Forecast for Today: USCrude Analysis Oil continues to… Read full author’s opinion and review in blog of #LiteFinance

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BoJ Keeps Door Open for Rate Hike. Forecast as of 20.01.2025

BoJ Keeps Door Open for Rate Hike. Forecast as of 20.01.2025

January 20, 2025 12:58 pm |

The Bank of Japan has demonstrated a notable degree of inconsistency in its policies, leading to significant fluctuations in the USDJPY exchange rate. In December, Kazuo Ueda had no intention of raising the overnight rate in January. Today, he keeps the door open for a rate hike. Let’s discuss this topic and make a trading plan. Major Takeaways The Bank of Japan awaits market reaction to Trump’s inauguration. US tariffs could prolong a BoJ pause. An overnight rate hike odds have jumped to 99%. The USDJPY pair may soar to 160 or slump to 153. Weekly Fundamental Forecast for Yen… Read full author’s opinion and review in blog of #LiteFinance

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CFD Brokers Face Direct Challenge from Crypto Exchanges, Fintechs: A New Era

CFD Brokers Face Direct Challenge from Crypto Exchanges, Fintechs: A New Era

January 20, 2025 12:55 pm |

There is an emerging trend in the retail forex and
CFD brokerage sector. Today, Forex and CFD brokers find
themselves fighting not only existing competition but
also new competition in neo-brokers, crypto brokers and fintech
apps, which outmatch them in terms of pocket
depth, sizeable databases, and the number of products
that is increasing by the day, really rewriting the rules of
engagement for traditional forex and cfd brokers..

The
Regulatory and Products Arms Race

This competitive landscape
has recently been reshaped by the aggressive geographic
expansion of Coinbase, Robinhood, Crypto.com, Revolut, PayPal, and
Trade Republic. Each of these firms has secured regulatory licenses in key
markets that enable them to broaden their product offerings and
appeal to a more extensive client base.

  • Coinbase:
    Having recently expanded in the UK and obtaining a Cyprus license,
    Coinbase is more than just a cryptocurrency exchange. These
    licenses allow it to offer a wider range of financial products,
    making it a formidable competitor to traditional FX/CFD brokers.
  • Robinhood: Already having set up shop in
    the US, Robinhood is now taking a
    leap into the UK    . With its commission-free model and user-friendly
    interface, it has already disrupted the brokerage industry.
    However, its entry into new markets, along with aggressively
    adopting crypto trading products and services, is likely to capture a
    significant share of retail investors who might otherwise have turned to FX/CFD
    brokers.
  • Crypto.com: Crypto.com acquired an Australian company with an ASIC license and, thus, gains immediate regulatory approval to operate in a highly competitive market. This move allows it to introduce existing products—and potentially innovative new ones—to Australian consumers.
  • Revolut: Initially Revolut was mobile banking app offering low cost currency exchange, bu now it has expanded its offerings to include equity and crypto trading. With licenses in multiple jurisdictions, it has a robust global presence and the ability to cross-sell financial services effectively.
  • PayPal: Known for its dominance in digital payments, PayPal has ventured into the investment space with crypto trading and other financial products. Its established trust and massive user base make it a serious competitor.
  • Trade Republic: A European neo broker, Trade Republic has rapidly gained traction by offering commission-free trading and intuitive platforms. Its expansion into new geographies in Europe outside their home country of Germany with a mobile first focus and adding savings products continues to challenge traditional brokers. Trade Republic just hit a milestone with 100B in assets and 8M user base.

The ability of these companies to secure
licenses in multiple jurisdictions not only signals their growth ambitions but
also underscores their commitment to complying with local regulatory
frameworks, an area where many FX/CFD brokers struggle.

Neo
Brokers, Crypto Brokers and Fintech Apps: Their Strategic Advantage

Neo brokers and other fintech apps have entered
the fray. These companies began by offering simplified solutions but have since
diversified into investment products, including equities, crypto, and even providing
fractional ownership of assets. Their strategic advantage lies in their:

  • Deep Pockets: These companies have substantial funding from venture capital and private equity and thus have the financial muscle to underwrite aggressive marketing campaigns and product development.
  • Large Databases: These firms often leverage their large user bases—acquired through free or low-cost services—to cross-sell new financial products effectively.
  • Mindshare: Many neo brokers and fintech apps have established themselves as household names, especially among younger, tech-savvy investors. These companies have focused on building a brand and not just focus their marketing on a digital acquisition strategy.

Why
FX/CFD Brokers Are at a Disadvantage

The traditional FX/CFD brokerage model is under
threat because of several disadvantages:

  1. High Customer Acquisition Costs: FX/CFD brokers face increasing advertising costs due to saturated markets and stricter regulations on promoting leveraged products. Additionally, if these new entrants spend more monies to advertise then acquisition costs will go up for Forex and CFD brokers. Additionally, they all can leverage their existing ecosystems to onboard customers at lower costs.
  2. Product Limitations: Many FX/CFD brokers focus primarily on trading instruments like forex, CFDs, and commodities. In contrast, neo brokers and fintech apps offer a broader range of services, including payments, banking, and diverse investment options. This more all-inclusive offering allows them to retain mindshare and customers.
  3. Technology Gap: Neo brokers and fintech apps have set a high bar for user experience with sleek, intuitive apps that appeal to modern investors. In contrast, many FX/CFD platforms lag in terms of technology and user interface.
  4. Regulatory Scrutiny: Leveraged trading products, a staple of FX/CFD brokers, are often subject to stricter regulatory oversight compared to the relatively straightforward investment products offered by neo brokers.

FX/CFD
Brokers: Adopt New Strategies

To compete effectively in this new landscape,
FX/CFD brokers need to adopt a multi-pronged strategy:

  1. Invest in Technology and User Experience: Upgrading trading platforms to match the user experience of fintech apps is crucial. Mobile-first designs, seamless onboarding, and AI-driven personalization can make a significant difference. And this is now the expectation of users. Have a goal of building something that the user will want to come back to often.
  2. Unique USP: To many brokers are using very similar messaging around “commission free”, “discounted spreads”, “free bonuses”, or “fast execution”. Traders and Investors have become numb to this messaging. Brokers must solve a pain point for users which can provide them with a unique USP against this new competition.
  3. Diversify Product Offerings: Brokers must move beyond traditional forex and CFDs. Adding equities, ETFs, and even crypto trading can attract a broader audience.
  4. Expand Geographically: Securing licenses in new markets can unlock growth opportunities. Brokers should prioritize regions with growing retail investment markets but less intense competition. But this will require focusing on a particular country so as not to spread your budgets too thin, especially if it requires more language services.
  5. Enhance Marketing Strategies: Brokers need to focus on building a brand and not solely rely on digital optimization and return on advertising spend (ROAS).

The
Long-Term Outlook

The rise of neo brokers and fintech apps
represents both a challenge and an opportunity for FX/CFD brokers. The
challenge lies in adapting to a rapidly evolving market where customer
expectations are shaped by tech-driven innovations. Regardless of whether these
companies offer forex and cfd products, these companies will make it extremely
difficult for current forex and cfd brokers to scale and attract customers. As these new entrants continue to grow their
users bases and offer more products and thus take up mindshare it will become
increasingly difficult for traditional forex and cfd brokers to scale. However,
for brokers willing to innovate and expand, the opportunity to capture a share
of the growing retail investment market remains significant.

Ultimately, the success of FX/CFD brokers will
depend on their ability to think beyond traditional boundaries and embrace a
broader vision of financial services. The competitive landscape has shifted—and
the time to adapt is now.

This article was written by Sameer Bhopale at www.financemagnates.com.

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Reminder: US markets will be closed today

Reminder: US markets will be closed today

January 20, 2025 12:48 pm |

It is a US holiday in conjunction with Martin Luther King Day. That means markets will be closed in what is a long weekend of sorts. If you’re looking for CME hours, you can check out Eamonn’s post earlier here. Anyway, even with it being a holiday there will be something for market players to watch out for later. Trump’s second inauguration as US president will take place at 1700 GMT.

So, what can we expect?

Trump and his vice president, JD Vance, will be sworn in to their respective posts. And thereafter, we will be hearing Trump’s address to the nation. That is the first thing to watch out for before he goes on to the signing ceremony in which he will make known all the executive orders he wants to start his presidency with.

All of this should be within an hour or so before the inaugural procession. And finally, that should be wrapped up with a signing ceremony at the White House in which after Trump is very well expected to deliver another big speech.

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

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Spotware Concludes iFX Expo Dubai 2025 with Award for Best Trading Platform MEA

Spotware Concludes iFX Expo Dubai 2025 with Award for Best Trading Platform MEA

January 20, 2025 12:20 pm |

Spotware is proud to announce the resounding success of its participation at iFX Expo Dubai 2025. From engaging with industry leaders to showcasing our latest advancements, the event marked a significant milestone for our team. Notably, our efforts were recognised with the prestigious UF AWARDS MEA 2025 accolade for Best Trading Platform, a testament to our commitment to innovation, excellence and driving progress in the Middle East and Africa trading landscape.

A Platform for Success: iFX Expo Dubai 2025

This year’s expo brought together a dynamic community of industry professionals and our booth was a hub of activity. Visitors from the MEA region and beyond expressed a keen interest in exploring how cTrader can elevate the success of their business. Attendees recognised cTrader as a transformative platform capable of driving growth, enhancing trading experiences, and addressing the ever-evolving demands of today’s market.

Our expert team shared their in-depth knowledge of our comprehensive suite of solutions, providing visitors with valuable insights into the future of trading technology. With a focus on innovation and adaptability, we showcased how brokers and proprietary trading firms can elevate their operations and achieve long-term success in a competitive environment.

Spotlight on Innovation: cTrader 5.0

The spotlight was firmly on cTrader 5.0, our most advanced and innovative trading platform to date, capturing the attention of visitors with its updated features. Among the highlights were its enhanced UI personalisation options, allowing traders to customise their experience to suit their individual needs. Attendees were particularly impressed by the platform’s free algo hosting and cloud execution for cBots, enabling uninterrupted algorithmic trading across devices. Additionally, cTrader 5.0 set a new benchmark with its unparalleled platform extensibility, offering 100+ integrations from industry leaders – a true Open Trading Platform™. Coupled with its mobile-first approach, the platform delivers a powerful, flexible, and user-centric solution that resonated with traders seeking a next-generation trading experience.

Extensibility: The most extensible platform on the market with 100+ integrations – a true Open Trading Platform™. Use plugins to integrate 3rd party services and customise the platform UI and more. cTrader enables brokers and traders to develop and integrate their own apps into an existing framework.

Empowering Developers with cTrader Store

Another highlight was cTrader Store, our dynamic marketplace designed for algo creators to monetise their plugins, trading robots, indicators, and Open API apps. Introducing brokers (IBs) will obtain a recognisable role in cTrader Store and, over time, leverage the marketplace to diversify their offering of algo tools, thereby attracting more leads and enhancing referral conversions. This is key to the success of cTrader brokers’ growth. Visitors appreciated the Store’s secure transactions, built-in licencing and access to a global audience of over 8 million traders. The streamlined onboarding process and algo publishing capabilities were also well-received, empowering developers to focus on innovation while reaching a vast pool of potential buyers.

Learn more about how to sell algos on the cTrader Store.

Celebrating Excellence: UF AWARDS MEA 2025

Spotware was honored to receive the award for Best Trading Platform MEA at the UF AWARDS MEA 2025. This accolade acknowledges our commitment to delivering cutting-edge trading solutions and unmatched user experiences. Through this lens, the nomination for an UF Award MEA is a remarkable accomplishment in itself, conferring distinction and a prominent position amongst the industry’s top fintech and online trading brands.

The Award Ceremony was held on the 15 January at Dubai World Trade Centre, closing the first day of iFX EXPO Dubai 2025 on a high note.

Engaging with the Trading Community

We extend our thanks to everyone who visited our booth and engaged with our team. The constructive feedback and enthusiastic response to our offerings have been invaluable. These interactions provide critical insights that help us refine and advance our ecosystem to meet the evolving needs of our clients and the broader trading community.

Continue the Journey Online

For those who couldn’t attend, we invite you to explore cTrader 5.0 and cTrader Store online to experience firsthand the advancements that are setting new standards in the trading industry.

Any questions, please get in touch. Together, let’s continue driving success and innovation in the trading world.

This article was written by FM Contributors at www.financemagnates.com.

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From Oath to $TRUMP: Inauguration Day Swears in a President & a Meme Coin Market Frenzy!

From Oath to $TRUMP: Inauguration Day Swears in a President & a Meme Coin Market Frenzy!

January 20, 2025 12:19 pm |

$TRUMP Meme Coin Dominates Crypto Markets Amid Frenzy and Controversy

The cryptocurrency world is abuzz as President-elect Donald Trump makes waves with the surprise launch of his official meme coin, $TRUMP. Announced across social media platforms on Friday night, this token has skyrocketed in popularity, capturing the imagination of supporters while raising concerns among critics.

With its debut driving $20 billion in market cap at its peak and sparking a frenzy across the Solana blockchain, $TRUMP has introduced a volatile yet intriguing mix of politics, finance, and crypto culture.

Key developments: $TRUMP’s explosive debut

🚀 A historic launch

The $TRUMP token launched unexpectedly on the Solana blockchain, surging 1,000% overnight to hit a peak price of $70 per token. While prices have since retraced by 30%, settling near $49, the initial excitement cemented $TRUMP as a major talking point in the crypto space.

💬 Social media frenzy

Trump announced the launch with a bold statement on Truth Social and X, inviting supporters to join the “Trump Community”:

“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW.”

This messaging resonated with his loyal base, driving early adoption and fueling the token’s meteoric rise.

🔥 Ripple effects in the crypto market

Trading activity surrounding $TRUMP boosted Solana’s price to an all-time high of $292, further cementing the blockchain’s position as a hub for innovation and meme coin culture. Other assets experienced mixed results, with Bitcoin benefiting from the hype and smaller altcoins facing increased volatility.

The fine print: what’s behind $TRUMP?

Despite the buzz, $TRUMP’s terms and conditions reveal significant caveats:

  • Not an investment or security: The token is marketed as a cultural product rather than a financial instrument.
  • Revenue streams: The Trump Organization derives income from $TRUMP’s trading activity.
  • Ownership concentration: Approximately 80% of the supply is controlled by Trump-affiliated entities, raising questions about decentralization and fairness.

Melania’s entry adds drama

In an unexpected twist, Melania Trump launched her own cryptocurrency, $MELANIA, just days after $TRUMP’s debut. The competing token sparked temporary price declines in $TRUMP, cutting its value in half before a partial recovery. This family-backed crypto rivalry has added fuel to an already contentious narrative.

Pros and cons of the $TRUMP meme coin

Pros:

  1. Market buzz and liquidity: The launch of $TRUMP has invigorated the crypto market, boosting demand, liquidity, and trading activity on Solana.
  2. Community engagement: $TRUMP appeals to Trump’s dedicated supporter base, fostering a unique blend of political identity and financial participation.
  3. Innovative fundraising: The token highlights how cryptocurrency can merge political branding with fundraising efforts, potentially setting a precedent for future campaigns.
  4. Broader crypto impact: The excitement around $TRUMP has lifted market sentiment, with Bitcoin and other cryptocurrencies benefiting indirectly.

Cons:

  1. Centralization risks: With 80% of $TRUMP controlled by Trump-linked entities, concerns about transparency and price manipulation loom large.
  2. Volatility and speculative risk: The wild price swings make $TRUMP highly speculative, posing significant risks to retail investors.
  3. Ethical and legal concerns: Critics highlight potential conflicts of interest, particularly as Trump assumes office, raising questions about the interplay between personal financial gain and public service.
  4. Sustainability doubts: As a meme coin without intrinsic value, $TRUMP’s long-term viability is uncertain and may fade once the initial hype subsides.
  5. Market manipulation suspicions: Large-scale ownership raises the possibility of coordinated price movements that could harm smaller investors.

$TRUMP’s impact on crypto markets

The $TRUMP meme coin has ignited a whirlwind of excitement, speculation, and controversy, redefining the relationship between cryptocurrency and politics. While its long-term value remains uncertain, its short-term impact on market dynamics is undeniable. The launch has not only elevated Solana but also sparked discussions about ethics, decentralization, and the evolving role of cryptocurrencies in branding and fundraising.

As the crypto world keeps an eye on $TRUMP and $MELANIA, traders and investors should approach these meme coins with caution, balancing potential gains against the significant risks involved. Whether $TRUMP becomes a lasting phenomenon or a fleeting fad, its launch underscores the powerful intersection of technology, culture, and politics in the digital age.

Crypto Fans Bet Big on Dogecoin Rally as Musk-Trump Bromance Fuels Speculation—But Is $TRUMP the New Doge?

In the ever-volatile world of cryptocurrencies, Dogecoin ($DOGE) has long been the go-to speculative token for fans of Elon Musk, whose tweets and memes have often sent the “joke coin” to meteoric heights. However, a new contender has entered the ring: $TRUMP, the meme coin launched by President-elect Donald Trump. With Musk and Trump recently bonding over their shared influence on social media, some crypto enthusiasts are wagering that Dogecoin might surge again in solidarity with Musk’s new political ally.

But not everyone is sticking with $DOGE. A growing number of traders are eyeing $TRUMP as the next meme coin phenomenon, calling it “the new Doge” due to its explosive debut and political connections.

Why Some Fans Still Back Dogecoin

  1. Elon Musk’s Power to Influence:Musk’s unwavering support for Dogecoin, combined with his massive reach on X (formerly Twitter), has historically led to sharp price spikes. Some crypto fans are banking on Musk to mention $DOGE in a tweet aligning with his apparent camaraderie with Trump, creating a dual rally in both assets.

  2. Cultural Legacy:Unlike $TRUMP, Dogecoin has an established history as the internet’s favorite meme coin. Its quirky, community-driven ethos has kept it relevant, even as other meme coins rise and fall.

$TRUMP: The New Challenger?

  1. Explosive Growth:Since its launch, $TRUMP has surged by over 1,000%, momentarily reaching a $20 billion market cap, and it has ignited widespread interest on platforms like Solana. Its rapid rise suggests that it could rival Dogecoin’s dominance among speculative traders.

  2. Political and Media Buzz:With Trump actively promoting $TRUMP across his platforms, including Truth Social, and Musk subtly amplifying their new “bromance,” the coin has gained attention beyond traditional crypto circles. The hype has led some to dub $TRUMP the “Dogecoin of politics.”

  3. Shift in Sentiment:$TRUMP’s popularity stems from its novelty and ties to Trump’s personality-driven brand. As Dogecoin fans focus on Musk, others see Trump’s endorsement as a key driver for $TRUMP’s long-term appeal.

The Big Question: Can $TRUMP Replace Dogecoin?

While Dogecoin enjoys widespread recognition and Musk’s consistent support, $TRUMP has something Dogecoin lacks: a direct link to a former president and his massive, loyal fanbase. For now, the two coins are riding parallel waves of speculation, but crypto fans are asking:

  • Will Musk’s influence extend to $TRUMP, indirectly boosting its value alongside $DOGE?
  • Can $TRUMP sustain its meteoric rise, or will it fade like other meme coins with no intrinsic utility?

Only time will tell if $TRUMP can dethrone Dogecoin, but for now, the speculation around both coins ensures that crypto markets remain as unpredictable—and entertaining—as ever. Stay informed with different perspectives with ForexLive.com

This article was written by Itai Levitan at www.forexlive.com.

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US Dollar Awaits Trump’s Inauguration. Forecast as of 17.01.2025

US Dollar Awaits Trump’s Inauguration. Forecast as of 17.01.2025

January 20, 2025 11:59 am |

Mixed data on US inflation and retail sales, along with the dovish rhetoric voiced by Fed officials, has prompted EURUSD bears to retreat. The market displays subdued trading ahead of Donald Trump’s inauguration. Let’s discuss these topics and make a trading plan. Major Takeaways US retail sales data fell short of expectations. The Fed may cut rates in the first half of the year. Investors are refraining from entering the market ahead of the inauguration. The EURUSD pair’s trajectory depends on its ability to settle above 1.03. Weekly US Dollar Fundamental Forecast As a rule, markets tend to gravitate towards… Read full author’s opinion and review in blog of #LiteFinance

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Taurex Announces $1 Million Insurance Coverage for Client Funds

Taurex Announces $1 Million Insurance Coverage for Client Funds

January 20, 2025 11:53 am |

In a bold step to redefine trust and security in the trading industry, Taurex, a leading broker in Forex and CFD trading, has announced the provision of up to $1 Million in Insurance Coverage for all client funds. This is part of Taurex’s ongoing commitment to asset protection, ensuring that all clients can trade with confidence and peace of mind. This initiative is just one of many that Taurex has planned for this year, as part of its dedication to a clients-first approach that continues to raise the bar for transparency and financial protection in the trading industry.

Fund Security

With the introduction of this new insurance coverage, clients’ funds are now protected up to $1 million, ensuring that assets remain safeguarded against even the rarest and most unforeseen circumstances. This coverage offers an additional layer of security, enabling clients to focus on their trading strategies.

Transparency

Taurex prides itself on maintaining a transparent approach to trading. The introduction of the $1 million insurance coverage reinforces the company’s commitment to transparency, knowledge and information in all aspects of trading. This initiative further strengthens the trust that clients place in Taurex, by keeping clients fully informed about the security measures in place to protect their funds.

Trust

In the world of trading, trust is essential. Taurex understands that making informed decisions requires confidence in the safety of one’s funds. This new insurance coverage offers a safety net that enhances traders’ peace of mind. With this extra layer of security, clients can refine their trading strategies with confidence and peace of mind, knowing that their assets are secure, no matter what.

Nick Cooke, CEO of Taurex, commented: “Taurex is committed to ensuring that its clients feel supported and confident as they navigate the markets. The introduction of up to $1 million in insurance coverage is another important step in our ongoing mission to create a secure and reliable environment for all traders.”

For more information or inquiries, visit www.tradetaurex.com or contact support@tradetaurex.com

This article was written by FM Contributors at www.financemagnates.com.

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