The ECB is running a slightly accomodative policyThe economy is set to benefit from a pickup in domestic demand This is what the majority of ECB policymakers have been repeating. The European Central Bank is done with rate adjustments and it’s now just watching how the economy evolves in the next months. They have also made it clear that slight deviations from their inflation target on either side won’t be a reason for an adjustment. For inflation, they will look at the underlying inflation, so Core CPI. This article was written by Giuseppe Dellamotta at investinglive.com. Source: investinglive.com (Read Full Article)

Headlines:USD/JPY turns flat on the day after Ueda press conferenceBank of Japan leaves main policy rate unchanged at 0.5%, as widely expectedBOJ governor Ueda: Will continue to raise rates if economy, prices stick to forecastsBOJ governor Ueda: Underlying inflation is gradually rising towards 2%BOJ governor Ueda: Board members did not agree to proposal by Takata, TamuraGold consolidates near all-time highs as traders switch their focus to the dataHow have interest rates expectations changed after this week’s events?Fed’s Kashkari: See two more quarter point rate cuts this year as appropriateECB’s Muller: No need for further rate cutsECB’s Centeno: Can’t tolerate inflation below 2% for too longUK August retail sales +0.5% vs +0.3% m/m expectedFrance September business confidence 96 vs 96 priorMarkets:USD and JPY lead, GBP lags on the dayEuropean equities mixed; S&P 500 futures up 0.1%US 10-year yields up 3.3 bps to 4.137%Gold up 0.2% to $3,650.47WTI crude oil down 0.3% to $63.39Bitcoin down 1.0% to $116,460The early half of the session was dominated by the BOJ as the Japanese central bank kept interest rates unchanged in their policy meeting today. However, it was the rate vote that raised eyebrows with Tamura and Takata both dissenting in favour of a proposition to raise interest rates by 25 bps.That led USD/JPY to fall in late Asia trading to 147.20 before we got to BOJ governor Ueda’s press conference. Ueda played things down in trying to brush off the dissents, as he mostly reaffirmed the majority view as being part of the main line of communique from the BOJ.That alongside some modest dollar strength during the session led USD/JPY back up to remain close to flat levels now around 147.95.As mentioned, the greenback kept gains from yesterday and is still seen advancing slightly today with EUR/USD down 0.2% to 1.1757 though large option expiries is holding losses in the pair for now. The laggard though is the pound, continuing the downside run post-BOE despite increasing calls for no more rate cuts this year. Cable fell from 1.3540 to sit just under 1.3500 currently, down 0.5% on the day.Other major currencies also lagged behind against the dollar with USD/CHF seen up 0.4% to 0.7955 while USD/CAD is up 0.1% to 1.3808. Meanwhile, AUD/USD is also down slightly by 0.2% to hover near 0.6600 on the day.In other markets, stocks remain more muted amid some light pushing and pulling. European indices started off with marginal gains but are now keeping more mixed with the DAX down 0.2% but CAC 40 seen up 0.2%. S&P 500 futures fell a little by 0.2% during the session but are now just a touch higher by 0.1% ahead of US trading.Amid the surprise rate votes from the BOJ decision, that pulled up short-term JGB yields. 2-year and 5-year JGB yields soared to 0.90% and 1.20% respectively, both the highest since 2008. That’s also keeping with the continued rise in yields after the Fed in the US, with 10-year Treasury yields holding just a little higher on the day now.In the commodities space, gold is keeping steadier as it consolidates the drop in the past two days. There seems to be some exhaustion to the upside run, so we’ll see if that will lead to a pocket of correction for the precious metal in the weeks ahead. All that before we start gearing towards the stronger seasonal months in December and January of course. This article was written by Justin Low at investinglive.com. Source: investinglive.com (Read Full Article)

Fed decision is good, looks like a sequence of three to year-end75 bps of cuts by year-end would be significantNeutral rate is still fairly low, maybe 3.25%I would not have voted for 50 bps this weekFor doves, 25 this week and 25 in October is almost as goodBullard is a former President of the Federal Reserve Bank of St. Louis. He’s been generally leaning hawkish and this is also what transpires from these comments. He’s one of the candidates for becoming the next Fed Chair when Powell’s term expires in May 2026. If Trump just wants a dove who’s going to do whatever he asks, then I suspect Bullard is out of the race. This article was written by Giuseppe Dellamotta at investinglive.com. Source: investinglive.com (Read Full Article)

It’s September 2024.The Fed cuts interest rates by 50 bps in an effort to head off a slowdown in the labour market and projects two more cuts by the end of the year and two more in the following year. Fed Chair Powell frames the rate cut as insurance given the soft labour market data and ongoing disinflation. The market doesn’t believe the Fed’s forecast and prices three rate cuts by year-end and four more in the following year. In the following weeks, the US data surprises to the upside, Fed Chair Powell pushes back against the aggressive market pricing and we get a strong NFP report in October. The market realises it’s wrong, expectations turn more hawkish, the US dollar rallies across the board and Treasury yields rise. It’s September 2025.The Fed cuts interest rates by 25 bps given the slowdown in the labour market despite a pick up in inflation. Projects two more cuts by the end of the year and one more in the following year. Fed Chair Powell frames the rate cut as a risk management move due to the weakening labour market. The market doesn’t believe the Fed’s forecast and almost fully prices three cuts in the following year.Treasury yields bottom on the Fed’s decision and consolidate. The day after the Fed’s decision, US jobless claims come out much better than expected and Treasury yields and the US dollar rise. The focus remains on the US data with US PMIs, Jobless Claims and the NFP report coming up in the next two weeks. In case of strong US data, we will likely get a hawkish repricing in interest rates expectations and a rally in the US dollar and Treasury yields. On the other hand, weak data could strenghten the market’s view and keep weighing on the US dollar and Treasury yields.Will the market be wrong…again? This article was written by Giuseppe Dellamotta at investinglive.com. Source: investinglive.com (Read Full Article)

Hola Prime, a platform designed to support traders across forex, crypto, and futures, today announced the addition of Tradelocker to its lineup of advanced trading solutions.The way people trade has transformed considerably over time. There was a period when most traders relied on bulky software, but those days are now in the past. Modern traders are seeking platforms that are fast-paced, easy to operate, and adaptable to individual styles. Day traders often remain connected throughout the day, swing traders may log in only a few times a week, and others prefer the ability to manage different asset classes without the need for multiple applications.Hola Prime has been steadily building an ecosystem of platforms that grows alongside traders, and the latest move reflects that vision through the integration of Tradelocker.“When you look at the world of trading platforms, there’s no shortage of choices. Some have been around for decades, like MetaTrader, and others focus on specific niches, like futures trading with Tradeovate. But every once in a while, a new platform comes along that feels different – not just an upgrade, but something designed with today’s trader in mind”, said Somesh Kapuria, CEO of Hola Prime. To this, he added, “That’s where Tradelocker enters the picture. It’s modern, it’s cloud-based, and it’s built for a generation of traders who want simplicity without sacrificing power. Hola Prime adding Tradelocker to its ecosystem is a big deal because it’s not just another name on a list – it’s a tool that’s reshaping how traders approach their daily grind”. Why TradelockerAt its core, Tradelocker is a next-generation trading platform. Unlike older platforms that often feel clunky or intimidating, Tradelocker is all about making trading fast, intuitive, and accessible – without cutting corners on the tools professionals rely on.It runs in the cloud, eliminating the need for large downloads or complex installations. Users are able to access their workspace from a laptop, tablet, or smartphone, with settings preserved across devices. This mobility provides flexibility for traders who prefer not to be tied to a single device.In short, Tradelocker gives traders the freedom to trade from anywhere and at any time.Features of Tradelocker on Hola Prime· Fast Execution and ReliabilitySpeed in trading is not desirable – it’s vital. A trade that executes a second too late can mean the difference between a profit and a missed opportunity. With Tradelocker on Hola Prime, orders are processed almost instantly, giving traders the confidence that what they see on the chart is what they’ll get in their trade. It is about reliability, ensuring the platform remains stable and does not freeze at critical moments.· User-Friendly DesignNot every trader is expected to have advanced technical expertise. Tradelocker’s layout is designed to be simple and clean, with functions placed for intuitive navigation. Orders can be entered without repeatedly searching through menus, and whether managing a first trade or multiple positions simultaneously, the platform remains straightforward to use.· Advanced Charting and Analysis ToolsCharts are where traders live, and Tradelocker makes sure you get the tools you need without the clutter. From candlestick patterns to multiple timeframes, the charting experience is smooth and responsive. You can zoom in on details or step back for the bigger picture – all with just a few clicks. And the best part? It feels natural, not overwhelming.· Custom Indicators and Trading StrategiesEvery trader has their own style. Some traders like moving averages, some like momentum indicators, and many develop their strategies in the long term. With Tradelocker, they can bring these strategies to real life through customizable indicators and scripting facilities, providing an adaptive platform designed to align with individual trading styles.· Security and Data ProtectionTrust is everything in trading. Traders need to know that their data and money are safe. Tradelocker is supported by strong encryption, secure logins, and adherence to compliance standards. These measures are designed to allow traders to concentrate on activity within the platform without concern for the safety of personal or financial information.Advancing Platform Capabilities for Modern TradersThe trading landscape continues to evolve, and Hola Prime reflects this progression through the integration of Tradelocker into its platform lineup. Rather than serving as a standalone tool, the addition represents a step toward providing technology that adapts to the varied needs of traders.For some, this advancement means faster execution and a smoother trading flow. For others, it’s about having charts that actually make sense, or the freedom to build custom strategies without limitations. Across the board, it reinforces an environment designed to be secure, reliable, and aligned with diverse trading approaches.At the end of the day, platforms matter. They shape how traders experience the markets, how confident they feel placing trades, and how quickly they can act on opportunities. With Tradelocker, Hola Prime strengthens its ecosystem with features intended to match the pace of modern trading.About Hola PrimeHola Prime (https://holaprime.com) is a leading global proprietary trading firm with a strong presence in the UK, Hong Kong, Cyprus, Dubai, and India. Renowned for its commitment to transparency, Hola Prime serves prop traders across 175+ countries, offering access to multiple trading instruments. The firm is dedicated to empowering traders with real-time risk management, advanced technological infrastructure, and a secure trading environment. Committed to fairness and trust, Hola Prime ensures seamless payouts, robust compliance, and a reliable trading experience. With multiple trading platforms and a focus on bringing freshness to the prop trading industry, Hola Prime is redefining the future of trading. This article was written by IL Contributors at investinglive.com. Source: investinglive.com (Read Full Article)

Kashkari on CNBC:Not sure how many more cuts would be needed to get to neutralIt’s possible that cutting short term rates will not translate into lower long-term ratesPeople are betting on the institutions of the country to maintain Fed independenceImportant underlying components of inflation including housing and non-housing services do seem to be coming downPowell achieved a tremendous consensus, which is a credit to himPolitics did not enter the Fed’s conversation this weekLabor market is not bad but Fed needs to pay attention to itThis is fairly dovish and should add some confidence that two more cuts are coming this year. This article was written by Adam Button at investinglive.com. Source: investinglive.com (Read Full Article)