Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
John Deaton, a Republican candidate for Massachusetts’ US Senate seat, slammed incumbent Senator Elizabeth Warren for building an “anti-crypto army” in their first debate.
Senator Elizabeth Warren and crypto lawyer John Deaton exchanged blows over crypto policy in their first debate in the race for a United States Senate seat.
Deaton, a Republican candidate for Massachusetts’ US Senate spot, called out Democrat rival and incumbent Warren during the Oct. 15 debate for focusing on building an “anti-crypto army” instead of prioritizing other issues impacting the lower and middle class in the state.
“With illegal immigration bankrupting the state, with inflation pricing regulator people out of the economy [...] why did this Senator wake up one day and say with all that, I will build an anti-crypto army,” Deaton said.
Warren claimed she’s “fine” with people who want to buy and sell crypto but wants to make sure the industry “follows the same rules” as banks and stockbrokers — namely consumer protection and counter-terrorism laws.
The Senator added she believes crypto is often used by terrorists, drug traffickers and rogue notions to finance their illicit activities.
Warren and Deaton both agreed that traditional banking has failed many Americans.
However, Deaton claimed banking access hasn’t been a priority for Warren — pointing to a December Senate Banking Committee hearing where Warren spoke to JPMorgan CEO Jamie Dimon and focused her line of questioning on crypto crime rather than banking failures.
“She had the CEO of JPMorgan Chase available for questioning and they finance the largest child sex trafficking operation in history with Jeffrey Epstein and Senator Warren didn’t ask a single question.”
Warren hit back, saying that 90% of the funds supporting Deation’s campaign to unseat her has come from the crypto industry and they’d expect “return on investment” should he make the Senate.
Deaton didn’t directly respond to the claim but said he often upsets the crypto industry with controversial takes and has beef with many “crypto billionaires.”
The faceoff with Warren came after Deaton won the Republican nomination for the US Senate in the Massachusetts primary election on Sept. 4.
Warren has a 22.5% lead on Deaton based on six polls, The Hill’s 2024 Elections data shows.
Deaton is bidding to break an 11-year streak as Democrats have controlled both of Massachusetts’ seats in the US Senate since 2013.
Headline CPI inflation eased in September to 1.6% year-on-year (y/y), below expectations for a 1.8% y/y print and less than the 2.0% y/y reading from August.
The deceleration was led by gasoline, which was down 10.7% y/y and 7.1% in September alone. Fears over weakening global economic growth have pulled down oil prices, which has fed through to cheaper prices at the pump.
Encouragingly, inflation in services has started to ease (4.0% y/y from 4.3% y/y in August). Shelter costs have been a big driver of services inflation, but with lower interest rates, mortgage interest cost inflation has decelerated (16.7% y/y from 18.8% y/y in August), while rent prices too are easing (8.2% y/y from 8.9% y/y in August). Another swing factor over the last few months has been the cost of air travel. With the end of the summer travel season, this category is starting to drop (-4.4% y/y).
The Bank of Canada’s preferred “core” inflation measures held firm at 2.4% y/y in September. On a three-month annualized basis, the average moved from 2.3% in August to 2.1% in September, essentially at the BoC’s target. This points to further easing in the core metrics in the months ahead.
With headline inflation now decisively below the Bank of Canada’s (BoC’s) target and core inflation looking likely to follow, inflation risks have eroded over the last few months. Below the surface, this trend looks to continue with housing costs finally starting to subside, with inflation excluding shelter running at a paltry 0.4% y/y. All in, the inflation outlook is looking a bit softer than we expected in our recently published forecast.
The BoC is scheduled to meet next week and debate over whether the central bank will go big with a 50 basis point cut is rising. Thus far, the bank has been predictable, with a steady streak of 25 bp cuts over the last three meetings. Given the persistent strength of the jobs market, the BoC would be validated in maintaining its steady rate cutting pace. On the other side, market participants are increasingly betting on a 50 bp cut, assuming that the BoC will focus on the downside risks now that headline inflation has moved closer to the bottom end of its target range. Either way, it will be a close call for the BoC next week.
The ringgit has shown stronger performance versus regional currencies, driven by investor confidence in the country's reform agenda.
Malaysia's Finance Minister II Datuk Seri Amir Hamzah Azizan said that their confidence is premised on the clear direction of the Madani Economy Framework and the implementation of policy reforms, including the Public Finance and Fiscal Responsibility Act, as well as targeted subsidies for electricity, water, and diesel.
"The Madani Economy Framework is further supported by policies such as the New Industrial Master Plan 2030, which outlines the country's investment strategies and focus areas to support the economic transition towards greater prosperity, sustainability, and inclusiveness," he said.
He said this in a written reply read by Deputy Works Minister Datuk Seri Ahmad Maslan during a question-and-answer session in the Dewan Rakyat on Wednesday.
Amir Hamzah was replying to a question from Chong Zhemin (Pakatan Harapan-Kampar) on factors supporting the encouraging performance of the ringgit, which is projected to rise to 3.55 against the US dollar by end-2025.
According to the minister, the ringgit's performance this year has been driven by global market developments and strong domestic fundamentals, including the economy, inflation, and unemployment rates.
"With the shift in monetary policy stances of major global economies, particularly the US which has begun lowering its base rate, investor sentiment has also shifted as the interest rate differentials start to narrow.
"This development has increased investors' risk appetite for emerging-market currencies, including the ringgit," Amir Hamzah explained.
At the same time, he said the government and Bank Negara Malaysia are making coordinated efforts to encourage the repatriation and conversion of foreign investment income into ringgit by government-linked companies and corporates.
This has helped create more vibrant two-way flows in the domestic foreign exchange market, further supporting the strengthening of the local currency.
The GBP/USD pair extends its sideways consolidative price move on Wednesday and remains confined in a familiar range held over the past week or so. Spot prices currently trade around the 1.3070-1.3075 region, nearly unchanged for the day, as traders opt to wait on the sidelines ahead of the UK consumer inflation figures.
Heading into the key data risk, speculation that the Bank of England (BoE) might be headed towards speeding up its rate-cutting cycle continues to undermine the British Pound (GBP) and act as a headwind for the GBP/USD pair. That said, a modest US Dollar (USD) downtick offers some support to the currency pair and helps limit the downside.
From a technical perspective, the range-bound price action might still be categorized as a bearish consolidation phase against the backdrop of the recent pullback from the 1.3435 area, or the highest level since March 2022 touched last month. Furthermore, oscillators on the daily chart are holding in negative territory and are still far from being in the oversold zone.
This, in turn, suggests that the path of least resistance for the GBP/USD pair remains to the downside. Hence, a subsequent slide to the 1.3020 area, or a one-month low touched last Thursday, en route to the 1.3000 psychological mark, looks like a distinct possibility. The downfall could extend towards the 100-day Simple Moving Average (SMA), around mid-1.2900s.
On the flip side, the 1.3100 round figure is likely to act as an immediate hurdle ahead of the 1.3125 horizontal zone. A sustained strength beyond the latter might trigger a short-covering rally and allow the GBP/USD pair to aim to reclaim the 1.3200 mark. Spot prices could climb further towards the next relevant hurdle near the 1.3235-1.3240 region.
Gold price (XAU/USD) edges higher for the second straight day on Wednesday – also marking the fourth day of a positive move in the previous five – and touches a one-and-half-week high, around the $2,670 region during the Asian session. Retreating US Treasury bond yields drags the US Dollar (USD) away from over a two-month peak touched earlier this week and turns out to be a key factor underpinning the commodity. Furthermore, a turnaround in the global risk sentiment – as depicted by a weaker tone across the global equity markets – drives some haven flows towards the precious metal amid persistent geopolitical risks.
Adding to this, elevated demand from central banks offers additional support to the Gold price. That said, firming expectations for a less aggressive policy easing by the Federal Reserve (Fed) and bets for a regular 25 basis points (bps) rate cut in November should limit any meaningful USD corrective decline. This, in turn, might hold back bulls from placing fresh bets around the non-yielding yellow metal. Moreover, reports that Israel will refrain from targeting Iran's oil and nuclear sites might contribute to capping gains for the XAU/USD, warranting some caution before positioning for any further near-term appreciating move.
US Treasury bond yields fell for a second day on Tuesday as traders reacted to weaker-than-expected manufacturing data and easing inflation risks on the back of fall oil prices, boosting demand for the non-yielding Gold price.
The New York Federal Reserve's Empire State Manufacturing Index fell following a surge to a 29-month high in September, to -11.9 in October, marking the weakest reading since May and indicating deteriorating conditions.
Easing fears of a supply disruption, along with a weaker demand outlook, drag Crude Oil prices to a two-week low, which is expected to reduce inflationary pressures and allow the US central bank to cut interest rates further.
The markets, however, are pricing in a greater possibility of a smaller interest rate cut at the next FOMC policy meeting in November, which should underpin the US Dollar and keep a lid on any further gains for the XAU/USD.
Meanwhile, San Francisco Fed President Mary Daly noted on Tuesday that the US central bank has made significant progress on tamping down inflation and sees one or two more rate cuts this year if economic forecasts are met.
Separately, Atlanta Fed President Raphael Bostic said that he doesn't see strong signs of a potential recession looming over the horizon as the US economy continues to perform well and that the inflation is heading back to 2%.
On Tuesday, Israeli Prime Minister Benjamin Netanyahu rejected the idea of a ceasefire in Lebanon, while the militant group Hezbollah threatened to widen its attacks, raising the risk of a further escalation of the conflict.
The Biden administration has warned Israel that it faces possible punishment, including the potential stopping of US weapons transfers if it does not take immediate action to let more humanitarian aid into Gaza.
The market attention will be on the US economic releases – Monthly Retail Sales, Industrial Production, and the usual Weekly Initial Jobless Claims – and the Chinese macro data dump due later this week.
From a technical perspective, any subsequent move up is likely to confront some resistance near the $2,685-2,686 region, or the all-time peak touched in September. This is closely followed by the $2,700 round-figure mark, which if cleared decisively will set the stage for an extension of a well-established multi-month-old uptrend amid positive oscillators on the daily chart.
On the flip side, immediate support is pegged near the $2,650 area, below which the Gold price could slide to the $2,632-2,630 region. Any further decline is likely to attract some buyers and remain limited near the $2,600 round-figure mark. The latter should act as a key pivotal point, which if broken decisively might prompt some technical selling and pave the way for deeper losses.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.