FOREX NEWS & BLOG

Eurostoxx futures -0.1% in early European trading

Eurostoxx futures -0.1% in early European trading

January 22, 2025 9:58 am |

  • German DAX futures -0.1%
  • French CAC 40 futures -0.2%
  • UK FTSE futures -0.2%

Trump warned that the EU is going to be in for tariffs in saying that “they treat us very, very badly”. Adding that “you can’t get fairness unless you do that (tariffs)”. And that’s a striking remark that is going to reverberate around the bloc to start the day. The euro is taking things in stride though, only down slightly to 1.0410 against the dollar. Going back to equities, US futures remain the standout with tech shares leading the charge. S&P 500 futures are up 0.2% with Nasdaq futures up 0.6% currently.

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

Feed from Forexlive.com

MoneyMaker FX EA Trading Robot

read more
Short-Term Analysis for Oil, Gold, and EURUSD for 22.01.2025

Short-Term Analysis for Oil, Gold, and EURUSD for 22.01.2025

January 22, 2025 9:31 am |

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. Long trades on the euro, opened at the support (A) 1.0342–1.0333, have yielded profits. Major Takeaways USCrude: oil continues to trade in a downward correction and is approaching the support (B) 74.85 – 74.40. XAUUSD: gold has touched the Target Zone 2773 – 2756 within a short-term uptrend. EURUSD: Long trades on the euro, initiated at the support (A) 1.0342 – 1.0333,… Read full author’s opinion and review in blog of #LiteFinance

Feed from Litefinance.com

MoneyMaker FX EA Trading Robot

read more
Today’s Nasdaq Futures Analysis

Today’s Nasdaq Futures Analysis

January 22, 2025 9:30 am |

TradeCompass for Nasdaq Futures – January 22, 2025

Current Price of Nasdaq Futures: Approximately 21,843

Key Thresholds Within Today’s Nasdaq Futures Analysis

  • Bullish above 21,880
  • Bearish below 21,827

Nasdaq Futures Bearish Scenario

Why 21,827?Crossing below 21,827 signals bearish momentum, as the price moves beneath key intraday support levels, potentially triggering selling pressure.

Nasdaq Bearish Targets:

  1. 21,817 – Just above today’s developing Value Area Low (VAL).
  2. 21,798 – Near the psychological round number of 21,800 and slightly above today’s opening VWAP.
  3. 21,777 – Above the Value Area High (VAH) from two days ago.
  4. 21,765 – Above yesterday’s VAH.
  5. 21,732 – Above yesterday’s POC and near the first standard deviation of yesterday’s VWAP.
  6. 21,671 – Above yesterday’s VAL.
  7. 21,632 – Just above the VAL from yesterday, marking a deeper bearish move.

Nasdaq Futures Bullish Scenario

Why 21,880?A break above 21,880 would place the price above today’s high and the second standard deviation of VWAP, suggesting a strong bullish trend.

Nasdaq Bullish Targets:

  1. 21,900 – A key psychological round number.
  2. 21,942 – Just below the next round number of 21,950.
  3. 21,994 – Just below the major round number of 22,000.

Risk Management for Nasdaq Futures Trading

  • Partial Profit-Taking:After hitting the first profit target, consider taking partial profits to secure gains and reduce risk exposure.

  • Stop Placement:Once partial profits are taken, move your stop to the entry level to neutralize further risk.

  • Range or Stop Hunts:Be cautious of potential range-bound trading or stop hunts around key levels; protecting capital is essential.

Why Use the TradeCompass for Nasdaq Futures?

The TradeCompass provides clear thresholds for bullish and bearish scenarios, precise profit targets, and guidance on risk management, helping you align with professional trading strategies while protecting your capital.

Trade responsibly and always adjust your risk according to your personal strategy and capital. Visit ForexLive.com for more.

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

Feed from Forexlive.com

MoneyMaker FX EA Trading Robot

read more
Dow Jones Forecast & Predictions for 2025, 2026, 2027–2030 and Beyond

Dow Jones Forecast & Predictions for 2025, 2026, 2027–2030 and Beyond

January 22, 2025 9:22 am |

The Dow Jones Industrial Average (DJIA) index is a crucial indicator of the US economy and the global stock market. Evaluating and forecasting its performance is essential for investors, traders, and analysts, as it showcases the state of major US companies and influences strategic decisions. This article provides a detailed analysis of current trends, a technical forecast for 2025, and a long-term trading plan. It emphasizes the fundamental and technical factors influencing the index rate, enabling traders to make informed predictions and create effective strategies. Major Takeaways The current price of YM stands at $44 083.1 as of {var_date}. The… Read full author’s opinion and review in blog of #LiteFinance

Feed from Litefinance.com

MoneyMaker FX EA Trading Robot

read more
Ross Ulbricht: Trump Pardons Silk Road Founder in Landmark Crypto Case

Ross Ulbricht: Trump Pardons Silk Road Founder in Landmark Crypto Case

January 22, 2025 9:20 am |

U.S.
President Donald Trump granted a full and unconditional pardon to Ross
Ulbricht, the founder of the infamous darknet marketplace Silk Road, who had
been serving multiple life sentences for operating the platform that
facilitated over $200 million in illicit trade using Bitcoin (BTC).

Trump Pardons Silk Road
Founder Ross Ulbricht After Decade-Long Imprisonment

The
40-year-old Ulbricht, who had been imprisoned in Arizona, was arrested in 2013
and sentenced in 2015 for running what prosecutors described as a global black
market bazaar used by more than 100,000 people to trade illegal drugs and other
illicit services.

Trump
announced the decision on his Truth Social platform, criticizing those involved
in Ulbricht’s conviction and highlighting support from the Libertarian movement.
The pardon fulfills a campaign promise Trump made during a speech at the
Libertarian National Convention.

“I just
called the mother of Ross William Ulbricht to let her know that in honor of her
and the Libertarian Movement, which supported me so strongly, it was my
pleasure to have just signed a full and unconditional pardon of her son, Ross,”
Trump
commented.

“The scum
that worked to convict him were some of the same lunatics who were involved in
the modern day weaponization of government against me.”

Who Is Ross Ulbricht?

Ulbricht
operated Silk Road under the alias “Dread Pirate Roberts” from 2011
to 2013, creating a platform that leveraged the Tor network for anonymous
communications and bitcoin for payments. While his defense argued the site was
intended as a “freewheeling, free market site,” prosecutors alleged
Ulbricht took extreme measures to protect the operation, including allegedly
soliciting murders, though no evidence showed any were carried out.

Silk Road
was so popular in 2013 that it is speculated that 80% of all Bitcoin mined up
to that point (over 50% of the total supply of 21 million) had been involved
with the dark market founded by Ulbricht. In 2022, the U.S. seized $3.5 billion worth of Bitcoins allegedly linked to marketplace operations.

The
landmark prosecution came during the early days of cryptocurrency adoption,
with Ulbricht’s case highlighting the intersection of digital currencies and
illicit activities. His original sentence included 40 years plus two life
terms, which Trump called “ridiculous” in his pardon announcement.

“I wanted to empower people to make choices in their lives and have privacy and anonymity,” Ulbricht said during his sentencing almost 10 years ago.

The verdict sparked significant controversy, and for years, a “Free Ross” campaign has been ongoing, gathering over 600,000 signatures on petitions.

“After enduring over a decade of incarceration, this decision offers Ross the opportunity to begin anew, to rebuild his life, and to contribute positively to society,” Ulbricht’s clemency attorney, Brandon Sample, commented.

This article was written by Damian Chmiel at www.financemagnates.com.

Feed from Financemagnates.com

MoneyMaker FX EA Trading Robot

read more
XTX Markets Plans €1 Billion Data Center Push in Finnish Arctic

XTX Markets Plans €1 Billion Data Center Push in Finnish Arctic

January 22, 2025 8:53 am |

Billionaire
quant trader Alex Gerko’s XTX Markets unveiled plans today (Wednesday) for a €1
billion investment in Finland, marking one of the largest data center
developments in the Nordic region. The ambitious project, centered in the
northern city of Kajaani, kicks off with the construction of the first facility
scheduled for completion in 2026.

XTX Markets Breaks Ground on Nordic Computing Hub in €1 Billion Deal

The
development, situated on a 478-acre site, represents a shift for the
algorithmic trading firm as it moves to house its extensive computing
operations. The initial facility will span 15,000 square meters and feature
three data halls with 22.5MW of IT power capacity, alongside office space for
50 personnel, according to the official press release.

“We’re
building ahead of our needs to establish a backbone for future growth,”
said Joshua Leahy, Chief Technology Officer at XTX Markets. “Our need for
compute has outgrown available leasing options.”

The
facility’s design incorporates environmental considerations, using the region’s
natural climate for cooling systems rather than water-intensive methods. The
company states it will offer excess heat from the facility to the local
community without charge.

XTX Markets
currently handles $250 billion in daily trading volume across 35 countries. The
company intends to construct four additional data centers at the same location
in subsequent phases. The selection of Kajaani reflects Finland’s position as a
data center location, with its infrastructure and climate conditions.

“We do
not believe data centers need to be constructed in cities or in built-up areas
with warmer climates,” explained Michael Irwin, Chief Operating Officer at
XTX Markets. “In Kajaani, we can bring real benefits in terms of energy
and local employment throughout the duration of the project and beyond.”

The
construction phase is expected to generate hundreds of local employment
opportunities. The company has engaged Finnish firms Granlund Oy for design
services and A-Insinöörit Rakennuttaminen OY for construction management.

Gerko and UK’s Court

According to a Bloomberg report, Gerko lost a legal dispute with British tax authorities in July 2024 concerning the tax treatment of a deferred payment plan. The ruling results in Gerko
facing a £22.5 million ($29.1 million) tax liability, which he argues
constitutes double taxation.

Appeal judges determined that
Gerko, along with other traders at GSA Capital Partners, where he was employed
between 2010 and 2015, is required to pay income tax on their share of trading
profits. The core of the dispute revolves around whether the profits from the
deferred payment plan, allocated to an internal investment unit prior to
distribution, should be subject to both corporation tax and the higher-rate
income tax.

In a separate development in
May, the UK subsidiaries of XTX Markets disclosed their 2023 financial results,
revealing a significant decline in profitability. Despite the drop, the
company’s management expressed satisfaction with the outcomes, emphasizing that
2022 was an exceptionally strong financial year.

According to the report, XTX
Holdings (UK) Limited, which includes XTX Markets Limited and XTX Markets
Trading Limited, posted net revenue of £654.4 million, a 33% decrease from
£972.7 million in 2022. The decline in net profit was even steeper, falling 56%
from £19.2 million to £8.4 million. Nonetheless, the company’s leadership
described the results as acceptable.

XTX Markets Technologies
Limited, another UK subsidiary responsible for a significant portion of the
firm’s revenue and profits, also reported declines. Its net revenue fell by
over 13%, from £1.51 billion to £1.35 billion, while net profit dropped 23%, from
£1.08 billion to £826.9 million. Despite these declines, the company remains a
key contributor to XTX’s overall operations in the UK.

This article was written by Damian Chmiel at www.financemagnates.com.

Feed from Financemagnates.com

MoneyMaker FX EA Trading Robot

read more
ECB’s Stournaras says rates should be close to 2% by end of the year

ECB’s Stournaras says rates should be close to 2% by end of the year

January 22, 2025 8:41 am |

He had previously say that the ECB should continue with “a series of rate cuts” last week. So, the remark above is consistent with that. The current deposit rate is 3.00%, so he is pretty much touting four more 25 bps rate cuts essentially.

As for market pricing, traders are seeing ~96 bps of rate cuts for the year in total as of today.

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

Feed from Forexlive.com

MoneyMaker FX EA Trading Robot

read more
Dow Jones Futures Analysis for Today

Dow Jones Futures Analysis for Today

January 22, 2025 8:38 am |

TradeCompass for Dow Jones Futures – January 22, 2025

At the time of this analysis, Dow Jones Futures (YM) are trading at 44,239, which places the market below the key bearish threshold of 44,243. This supports a bearish outlook for the day. Below is a detailed Dow Jones Futures analysis and price prediction outlining key levels and targets for both bearish and bullish scenarios:

Bearish Price Prediction for Dow Jones Futures

If Dow Jones Futures remain below 44,243, bearish momentum is likely to continue. Here are the profit targets for sellers:

  1. 44,228 – A quick initial target, located just above today’s VWAP and the first lower standard deviation.
  2. 44,200 – A psychological level, often attracting significant trading activity.
  3. 44,178 – Corresponds to the first upper standard deviation of yesterday’s VWAP.
  4. 44,139 – Positioned just above yesterday’s POC (Point of Control), a critical liquidity level.
  5. 44,017 – Slightly below yesterday’s VWAP, suggesting extended bearish momentum.
  6. 43,918 – Above the value area low (VAL) of yesterday, where buyers might attempt to counter.

Bullish Price Prediction for Dow Jones Futures

Should the market recover and sustain above 44,258, a bullish scenario may unfold. Here are the key profit targets for buyers:

  1. 44,274 – Located just below yesterday’s VAH, a potential resistance level.
  2. 44,337 – Represents higher momentum and liquidity levels, signaling strength in buying.
  3. 44,497 – An extended bullish target, indicating strong continuation potential.

Key Insights for Dow Jones Futures Traders

  • VWAP and Standard Deviations: Monitor price reactions around the VWAP and its standard deviations, as these dynamic levels are crucial for identifying intraday trends in Dow Jones price movements.
  • Volume Analysis: Assess cumulative delta and volume progression to gauge buyer/seller strength near critical levels like POC, VAH, and VAL.
  • Psychological Levels: Round numbers like 44,200 and 44,500 often act as magnets for price action, influencing market behavior.
  • Risk Management: Implement tight stop-loss levels and utilize partial profit-taking strategies at the outlined targets to optimize your risk-to-reward ratio.

Dow Jones Futures Price Prediction Summary

  • Bearish Bias Below 44,243: Targets include 44,228, 44,200, 44,178, 44,139, 44,017, and 43,918.
  • Bullish Bias Above 44,258: Targets include 44,274, 44,337, and 44,497.

This Dow Jones Futures analysis provides a comprehensive roadmap for navigating today’s price action. Stay attentive to how the price interacts with these levels and adjust your trades accordingly.

Trade at your own risk. Remain flexible and adapt to the evolving market conditions for Dow Jones Futures (YM).

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

Feed from Forexlive.com

MoneyMaker FX EA Trading Robot

read more
Crypto.com Targets Corporations: Launches Institutional Exchange in the US

Crypto.com Targets Corporations: Launches Institutional Exchange in the US

January 22, 2025 8:32 am |

Crypto.com, a major global cryptocurrency exchange, has expanded its presence in the United States with the launch of institutional services.

Institutional Crypto Exchange in the US

Announced yesterday (Tuesday), the exchange will operate under the brand Crypto.com Exchange, offering institutional services. The company already serves retail users in the US.

“Since testing an early version of the Crypto.com Exchange in the US in 2022, we have made significant investments in the Exchange’s technological capabilities and banking infrastructure, resulting in substantial global growth and positioning ourselves as the leading USD-supporting cryptocurrency exchange,” said Kris Marszalek, Co-Founder and CEO of Crypto.com.

“We took the time to build the best possible product for institutional and advanced users worldwide, and we are now thrilled to fully introduce it in a market we remain optimistic about – the US.”

Challenging Coinbase’s Leadership

The launch of the institutional exchange comes at a time when many US corporations are exploring the idea of adding Bitcoin to their reserves. Microstrategy alone holds 461,000 Bitcoins, valued at approximately $48.5 billion. Other American companies holding Bitcoin include Tesla and Coinbase.

Interestingly, shareholders of tech companies like Microsoft, Amazon, and Meta have also suggested that these firms should consider holding Bitcoin reserves.

While Coinbase dominates the US crypto market in both retail and institutional segments, global players like Crypto.com are gradually challenging its position.

According to the announcement, Crypto.com Exchange will enable institutions to trade over 300 cryptocurrencies and 480 trading pairs. The platform is designed to accommodate both active traders and passive users.

Additionally, the exchange will provide instant transfers to institutional clients via CUBIX and offer OTC trading services supported by FIX 4.4, WebSockets, and REST APIs. Clients can fund their accounts through direct Fedwire transfers from local bank accounts.

Meanwhile, Crypto.com is broadening its reach beyond the US. Last November, it acquired an Australia-licensed contract for differences (CFDs) broker and recently obtained an in-principal crypto license from the regulator in Malta.

This article was written by Arnab Shome at www.financemagnates.com.

Feed from Financemagnates.com

MoneyMaker FX EA Trading Robot

read more