The Japanese yen continues to struggle in trading this week, enabling USD/JPY to make a push higher back to the 155.00 level. That’s the first time since early February that the pair has moved back up to test the figure level above. As with big round figures, they tend to take on more importance with regards to USD/JPY considering that they double up as key psychological levels as well.And even more so when associated with a dramatic one-sided move in the currency, as we have seen since Sanae Takaichi won the LDP leadership election in early October. Since then, USD/JPY has gained over 5% in a little over a month with a near 500 pips push over the last four weeks.That’s stirring the pot in terms of potentially inviting actual intervention by Tokyo, not least since verbal intervention has done little – if not nothing – to halt the decline in the yen currency.And it isn’t just a case against the dollar, yen crosses have also moved up sharply over the past month as well. EUR/JPY is up well over 3% in a month to multi-decade highs above 179 while AUD/JPY is also seen up over 4% in the same period to above 101 now – its highest since November last year. It’s looking rough out there for the yen.So amid a continued one-directional and rapid pace of decline, it could definitely prompt Tokyo to intervene. The question is, where will they decide to draw the line?I’d argue that it is not just a question of where but also if there are any moves that would be deemed too rapid. But as we get closer to the January high and/or the 160 threshold by the end of this month, the risk would be extremely heightened.From earlier this week:Limited risk of JPY intervention for the time being, says Goldman SachsUSD/JPY ‘danger zone’ seen around 157-160, says JP Morgan This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight USD/JPY hitting 155.00 is a significant moment for traders: here’s why. The Japanese yen’s ongoing weakness is pushing USD/JPY higher, and this 155.00 level is crucial. Historically, round numbers like this can act as psychological barriers or support/resistance levels. If the pair breaks above 155.00, it could trigger a wave of buying from both retail and institutional traders, potentially leading to a test of higher levels. On the flip side, if it fails to hold, we might see a quick reversal, which could catch many off guard. Keep an eye on the daily chart for any signs of momentum or exhaustion around this level. Also, watch for any economic data from Japan or the U.S. that could impact the yen’s value or the dollar’s strength. In terms of strategy, consider setting alerts around 155.00. If you’re looking to go long, a confirmed break above could offer a solid entry point, while a failure to maintain this level might suggest a short opportunity. The volatility around this level could be significant, so manage your risk accordingly. 📮 Takeaway Watch USD/JPY closely at the 155.00 level; a break could lead to significant upward momentum, while a failure might signal a reversal.

There are a couple to take note of on the day, as highlighted in bold below.The first ones are for EUR/USD with the main chunk seen near the 1.1590-00 level. The expiries may play a role in limiting upside movement, at least before rolling off later in the day. As such, that could trap price action for the pair during European morning trade at the very least.Then, there is one for USD/JPY at the pivotal 155.00 level. The pair is in a critical spot at the moment and it’s more so about how traders are going to weigh up intervention risks more than anything else. The expiries might help to keep the calm for a bit but I wouldn’t rule out a break with stops being run before the week ends.And lastly, there is one for AUD/USD at the 0.6520 level. It doesn’t tie to any technical significance though, so the impact of the expiries should be rather minimal. The 100-day moving average at 0.6538 is arguably one of the more interesting points, with buyers looking to keep above that in trading today.For more information on how to use this data, you may refer to this post here.Head on over to investingLive (formerly ForexLive) to get in on the know! This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight EUR/USD is hovering around the 1.1590-00 level, and here’s why that matters: With expiries clustered at this level, traders should be cautious about potential price action. These expiries can create a magnetic effect, limiting upside movement until they roll off later in the day. If you’re day trading, keep an eye on how the pair reacts as we approach this threshold. A failure to break above could signal a short-term bearish sentiment, while a push through might indicate renewed bullish interest. Additionally, consider the broader context—if the dollar strengthens due to upcoming economic data, it could further pressure EUR/USD. Watch for volatility spikes as the expiries approach, especially if any unexpected news hits the wires. The flip side is that if we see a strong bullish breakout above 1.1600, it could trigger a wave of buying, leading to a test of higher resistance levels. So, monitor the price action closely around these expiries, as they could dictate short-term trends in the forex market. 📮 Takeaway Watch the 1.1590-00 level for EUR/USD; expiries could limit upside until they roll off later today.

Prior +0.1%; revised to 0.0%Services +0.2% vs +0.1% m/m expectedPrior 0.0%; revised to -0.1%Industrial output -2.0% vs -0.2% m/m expectedPrior +0.4%; revised to +0.3%Manufacturing output -1.7% vs -0.3% m/m expectedPrior +0.7%; revised to +0.6%Construction output +0.2% vs +0.1% m/m expectedPrior -0.3%; revised to -0.5%Despite modest growth in services, it is the industry sector that proved a drag for the UK economy at the end of Q3. The negative headline print alongside the downside revision to August makes for a poorer Q3 report overall here. This will keep the pressure on the BOE to have to cut rates sooner rather than later. GBP/USD is down to 1.3109 now from around 1.3121 before the data. This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight The latest industrial output figures are a wake-up call for traders: a sharp -2.0% drop against expectations could signal deeper economic issues. While services showed a slight uptick of +0.2%, the significant declines in manufacturing and construction output raise red flags. Manufacturing output fell -1.7%, much worse than the expected -0.3%, indicating potential weakness in consumer demand and supply chain disruptions. This could lead to volatility in related sectors, particularly in commodities and equities tied to manufacturing. Traders should keep an eye on the broader economic indicators, as these numbers could influence central bank policies moving forward. If this trend continues, we might see a shift in market sentiment, potentially leading to a risk-off environment. Watch for key support levels in related assets, especially if the market reacts negatively to these figures. A break below recent lows could trigger further selling pressure, while a rebound might depend on upcoming economic data releases. Keep an eye on the next monthly report for any signs of recovery or further deterioration. 📮 Takeaway Traders should monitor industrial output closely; a sustained decline could lead to broader market sell-offs, especially in manufacturing-related assets.

Prior +0.3%GDP +1.3% vs +1.4% y/y expectedPrior +1.4%The UK economy is seen grinding towards stagnation in Q3, with softer growth recorded in both the August and September months. This alongside the poor labour market data will just heighten odds of the BOE having to cut rates again in December. The temperature is certainly heating up for the central bank as we look towards the end of the year. Before this, rate cut odds for December were already up to ~82% and this should increase that further. This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight UK’s economic slowdown is more than just a number—it’s a warning sign for traders. With GDP growth at +0.3% and expectations of a rate cut from the BOE in December, traders need to reassess their positions. The stagnant growth in August and September, combined with weak labor market data, suggests that the UK economy is on shaky ground. This could lead to increased volatility in GBP pairs, especially if the BOE acts on these indicators. Watch for key support levels around recent lows; a break could trigger further selling pressure. Additionally, this situation might ripple into related markets, such as UK equities and commodities, as investor sentiment shifts. Here’s the thing: while the mainstream narrative focuses on the potential for rate cuts, the real story is how traders position themselves ahead of these moves. Keep an eye on economic releases and market reactions, as they could provide clues on the timing and magnitude of any BOE decisions. 📮 Takeaway Monitor GBP pairs closely for volatility; a break below recent support levels could signal further declines as the BOE approaches a potential rate cut.

Interest in proprietary trading, more commonly known as prop trading, has grown exponentially over the past five years. Originally more of a niche product for professionals, it has seen rapid adoption amongst retail traders owing to how it makes online markets more accessible to a wider audience. This growth has led to the prop trading market being valued at over $10 billion in 2025, driven by remote accessibility, digital platforms, and new evolutions in trading technology.Prop trading firms like the award-winning Ultimate Traders are revolutionising the industry by transforming trading from a wealth-based undertaking into a skill-based one. This reshaping of the retail trading landscape echoes the changes seen in the broader fintech industry over the last decade, where increased participation has been driven by a greater focus on accessibility and transparency.Democratising Market Access By Removing Capital RestrictionsOne of the main barriers people have traditionally faced in online trading is restrictions on capital. With certain minimum deposits and trading volumes required by online brokers, those with less funds have often been left out in the cold. Prop trading firms like Ultimate Traders are eliminating this barrier by offering qualified traders access to company-funded accounts. This means market access is no longer tied to the size of someone’s bank account, but to how skilled they are at trading.By rewarding process-based performance and introducing accountability and consistency metrics, Ultimate Traders are redefining what the future of trading looks like. This “learn-to-earn” model means success is now based on skill, repeatability, and discipline, rather than luck and financial advantages. The firm’s model sets a new global standard, one that’s based on simple rules, accessible funding, and trader-first education. Its flexible challenges, Classic and Speedy, cater to different experience levels and risk appetites, allowing retail traders to move at their own pace and reach their financial goals.The Importance Of Data & Technology To Trader EmpowermentProp firms like Ultimate Traders are now operating more as performance ecosystems. By investing in and utilising the latest technology, they are helping reshape and improve trader performance. With tools like modern AI analytics, in-depth data dashboards, and real-time feedback systems, traders now have more information than ever to help guide and optimise their decision-making in the markets. This can help them notice potential missteps sooner, while opening up new investment opportunities that they may not have noticed otherwise.Access to this additional data alongside a structured and transparent evaluation path helps traders build confidence, not just in the firm, but in themselves and their abilities. By being able to clearly measure their progress and adapt strategies on the fly, traders can grow and develop in a stable environment without the threat or worry of uncertainty.The Global Growth Of The Funded-Trader ModelThe prop trading revolution isn’t just limited to Western markets. There has been massive growth in the funded-trader model in many emerging markets as well, including Asia, Latin America, and Africa. These regions have often suffered from much higher fees and capital requirements when it comes to traditional online trading, intensified further by weakness in local currencies and the ever-changing import-export landscape. As a result, greater desire for market accessibility, high mobile penetration, and increased local awareness have led to prop trading seeing high rates of adoption among retail traders in these regions. Southeast Asia specifically has seen some of the highest growth in this regard, driven by greater interest in the latest fintech developments, alongside more favourable market regulation.Ultimate Traders Leads The Way As An Industry VisionaryWith prop trading and the funded-trader model set to revolutionise the fintech industry in 2026, Ultimate Traders is leading the way. By offering a supportive trading environment that removes capital restrictions and rewards trading skill and consistent development, the firm is redefining retail trading for a new generation. By focusing on offering clear rules, easy funding, and comprehensive education, Ultimate Traders is investing in the success of its clients, helping them grow as traders and achieve their financial goals one step at a time.Visit UltimateTraders.com to explore funded trading opportunities. Learn more about Ultimate Traders and become part of the next generation of prop traders by visiting www.ultimatetraders.com.For industry insights and trader success stories, follow Ultimate Traders on LinkedIn. This article was written by IL Contributors at investinglive.com. 🔗 Source

Eurostoxx +0.2%Germany DAX flatFrance CAC 40 +0.5%UK FTSE -0.2%Spain IBEX +0.1%Italy FTSE MIB +0.5%This comes as US futures are also keeping steadier for now, with S&P 500 futures up 0.1%. There has been a steady rotation out of the Mag 7 in Wall Street this week, so that’s keeping any major optimism in check. But in Europe, it’s been a solid week for stocks in general in maintaining a good start to November trading. At the balance, the risk mood is keeping underpinned but do be mindful of the mood in big tech still. This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight European markets are showing mixed signals, but the steady rotation out of the Mag 7 in the U.S. is a key concern. The Eurostoxx is up slightly, while the DAX remains flat, indicating a lack of strong momentum. The CAC 40’s 0.5% gain and the FTSE’s minor decline suggest that traders are selectively positioning themselves, possibly looking for value in sectors outside the tech giants. With S&P 500 futures up 0.1%, there’s a cautious optimism, but the rotation away from the Mag 7—those top-performing tech stocks—could signal a broader market shift. This could affect related assets, particularly tech stocks in Europe that often follow U.S. trends. Traders should keep an eye on the upcoming earnings reports and economic data releases that could further influence market sentiment. Watch for key resistance levels in the DAX and CAC 40, as a break above these could trigger more buying interest. Conversely, if the rotation continues, it might lead to increased volatility in tech stocks across both continents. 📮 Takeaway Monitor the DAX and CAC 40 for resistance levels; a break could signal renewed buying interest, while continued rotation from the Mag 7 may increase volatility.

Prestigious industry awards in Cyprus highlight the group’s global growth and dedication to trader success.On 6 November, the global financial technology community gathered in Limassol, Cyprus, for the annual Finance Magnates Awards, an evening dedicated to recognising the firms shaping the future of trading. For years, these awards have served as a benchmark for performance and innovation in a sector defined by rapid change. As industry leaders and professionals convened, the focus was on which companies had truly set themselves apart over the past year. Amid a field of distinguished nominees, two names emerged to claim some of the night’s most coveted titles: OneRoyalOneRoyal and its liquidity arm, OnePrime. The dual accolades highlight a period of significant achievement for the brands, validating their strategic focus on technological advancement and superior service delivery.OnePrime: The engine of elite tradingOnePrime was awarded “Best Trading Infrastructure Provider 2025,” a significant recognition of its work in building the systems that power modern trading. This award celebrates the behind-the-scenes architecture that ensures stability, speed, and reliability for brokers and their clients. In financial markets, where milliseconds can translate into substantial market movements, the quality of trading infrastructure is paramount. It forms the foundation upon which all trading activities are built, from order execution to data processing. The award acknowledges OnePrime’s success in delivering a robust and sophisticated framework that meets the demands of a global client base. This recognition from Finance Magnates, an authority in the fintech space, underscores OnePrime’s position as a premier provider in the B2B liquidity and technology sector. The platform, available at www.onepeime.pro, has become synonymous with performance and dependability.OneRoyal: A new standard for innovation in MENAIn a testament to its client-facing achievements, OneRoyal secured the award for “Most Innovative Broker MENA 2025.” This honour speaks directly to the company’s efforts in one of the world’s most dynamic and fast-growing regions. The Middle East and North Africa (MENA) market is characterised by a diverse and digitally savvy population of traders who demand advanced tools and tailored services. Winning this category required demonstrating a clear commitment to pushing boundaries and introducing new solutions that empower traders. Whether through its proprietary AI-driven tools, educational resources, or a seamless user experience, OneRoyal has established itself as a forward-thinking broker. This award validates the company’s regional strategy and its ability to understand and respond to the specific needs of its clients. It also reinforces the brand’s reputation for combining cutting-edge technology with a human-centric approach to service, a balance that has resonated deeply within the MENA trading community.The significance of industry recognitionThe Finance Magnates Awards are a reflection of industry-wide sentiment, combining votes from community members and an expert panel. This dual-system approach ensures that winners are recognised for both client satisfaction and peer-reviewed excellence. For OneRoyal and OnePrime, these awards serve as independent verification of their strategic direction. The recognition for “Best Trading Infrastructure Provider” affirms OnePrime’s technical proficiency and reliability, critical factors for its institutional partners. Simultaneously, the “Most Innovative Broker MENA” award highlights OneRoyal’s success in translating that powerful infrastructure into tangible benefits for retail traders. Together, the accolades paint a picture of a cohesive organisation that excels at both the foundational and application layers of the trading journey. This external validation strengthens the trust that clients place in the brands and reinforces their growing influence on the global stage.A foundation of trust and a vision for the futureIn response to the win, a spokesperson for OnePrime expressed gratitude to the clients and partners who have been integral to this journey. “This award is both rewarding and motivating. Our goal has always been to empower brokers and their traders with the best possible technology and liquidity, and this recognition confirms we are on the right path.”Along the same lines, a spokesperson for OneRoyalOneRoyal commented on the meaning of the award. “The innovation award for OneRoyal demonstrates our dedication to creating an exceptional trading experience doesn’t go unnoticed. It validates our team’s work, but more than anything, it fuels our resolve to achieve more as we continue to innovate.”This dual success is both a milestone and a catalyst for future growth. With a reinforced mission and validated approach, OneRoyal is poised to continue its expansion across key markets, including the GCC, SEA, and LATAM regions. For more information on their award-winning services, visit oneroyal.com/en. This article was written by IL Contributors at investinglive.com. 🔗 Source 💡 DMK Insight So, the Finance Magnates Awards just wrapped up in Cyprus, and here’s why that matters: the recognition of firms in the trading space can signal shifts in market sentiment and innovation. Awards like these often highlight companies that are not just surviving but thriving, which can lead to increased investor confidence and potentially drive trading volumes up. If a firm is recognized for its technology or services, it could attract more traders looking for reliable platforms, impacting liquidity and volatility in the markets they operate in. Look at SOL, currently at $156.01. If any of the awarded firms are involved with Solana or similar blockchain technologies, we might see a ripple effect in SOL’s trading activity. Traders should keep an eye on how these awards influence market perception and whether any of the recognized firms announce partnerships or new products that could directly affect SOL. The next few weeks could be crucial as the market digests this recognition and its implications for trading strategies moving forward. 📮 Takeaway Watch for any announcements from awarded firms that could impact SOL; increased interest could drive price action in the coming weeks.

Fundamental OverviewGold broke above another key resistance yesterday extending the gains above the 4,200 level. There’s nothing fundamental driving the price action as a short squeeze looks like the most reasonable culprit. We had soft weekly ADP data on Tuesday but if that was the reason, we would have seen a stronger reaction already on Tuesday not the day after. The reopening of the US government will bring back the key US data like the NFP and CPI, and those will be key risk events for gold. Strong US data, especially on the labour market side, should keep weighing on gold as it would keep the market speculating on rate cuts pause. Conversely, weak data is likely to support the precious metal as it would give the Fed more reasons to keep cutting rates.In the bigger picture, gold should remain in an uptrend as real yields will likely continue to fall amid the Fed’s dovish reaction function. But in the short term, a further hawkish repricing in interest rate expectations should keep weighing on the market. Gold Technical Analysis – Daily TimeframeOn the daily chart, we can see that gold broke above the most recent swing high around the 4,150 level and extended the gains above the 4,200 level as the buyers increased the bullish bets into a new all-time high. There’s not much here for the sellers as they should either short from the all-time highs or wait for the price to fall back below the 4,150 level to pile in for new lows.Gold Technical Analysis – 4 hour TimeframeOn the 4 hour chart, we can see that we have a strong support zone now around the 4,150 level where we have also the upward trendline for confluence. If we were to get a pullback, we can expect the buyers to lean on the support with a defined risk below it to keep pushing into a new all-time high. The sellers, on the other hand, will want to see the price breaking lower to pile in for a drop into the 4,000 handle next. Gold Technical Analysis – 1 hour TimeframeOn the 1 hour chart, there’s not much else we can add here as the buyers will likely lean on the trendline to keep pushing into new highs, while the sellers will look for a break lower to target new lows. The red lines define the average daily range for today. Video This article was written by Giuseppe Dellamotta at investinglive.com. 🔗 Source 💡 DMK Insight Gold’s recent surge past 4,200 is more about technicals than fundamentals, and here’s why that matters: The breakout above this key resistance level suggests a potential short squeeze, which can create a self-reinforcing cycle as traders rush to cover positions. With no strong economic data to justify the move, it’s crucial to watch for volatility as sentiment shifts. If gold can hold above 4,200, it may attract more buyers, but a failure to sustain this level could lead to a sharp pullback. Traders should keep an eye on the daily chart for signs of exhaustion or further momentum. Additionally, the lack of fundamental backing raises questions about the sustainability of this rally. If the market turns its focus back to economic indicators, particularly upcoming employment data, we could see a reversal. For those trading correlated assets like silver or mining stocks, this movement in gold could lead to similar price action. Watch for any signs of divergence in these markets, as they might offer clues about the broader sentiment in precious metals. 📮 Takeaway Monitor gold’s ability to hold above 4,200; a failure could trigger a significant pullback, especially if economic data shifts sentiment.

There’s not a whole lot in it to start the session but we’re seeing the dollar drop a little at the balance. EUR/USD is up 0.2% to 1.1610 while GBP/USD is flat again at 1.3130 after a drop to 1.3100 earlier on the softer Q3 UK GDP report. Even USD/JPY is back down to 154.65 but the pair remains in a bit of a battle in search of a break above 155.00 for now.The end of the US government shutdown, which lasted 43 days, doesn’t quite mean that we will get much immediate data clarity on the US economy though.The September reports for the non-farm payrolls and retail sales data remains pending, and we might not even get anything on the latter. Meanwhile, the White House has come out to say that the October reports for the labour market and inflation might not even be published at all. That is surely to steer clear of the conversation of very poor job figures, with October being particularly weak.The whole idea seems to be pushing a case for the Fed to cut rates again next month. As things stand, traders are pricing in ~55% odds of that. That seems to be a bit of a toss up. However, a majority of economists are anticipating a 25 bps rate cut to come in December. The latest Reuters poll here shows ~80% expecting the Fed to deliver one more rate cut by year-end.Going back to the end of the shutdown though, what this means is that we’ll still have to wait for some time for the fog to clear up in terms of economic data clarity. Without concrete data for October – which might even include retail sales too – the Fed will still be guessing a fair bit going into next month. And that amount of uncertainty is something policymakers might find to be too much to be certain of another rate cut.So, there will be a bit of a push and pull in figuring that out in the weeks ahead surely. For now, traders are still seeing all of this as perhaps continuing the pathway of softer US data. But only time will tell how the government closure has impacted the numbers.Besides some minor softness in the dollar today, the aussie is the one leading gains with AUD/USD up 0.6% to 0.6578. And that owes to a much stronger Australian labour market report earlier in the day here. Still, the pair is caught in a bit of a bind in consolidating in and around 0.6400 to 0.6600 and weaving in and around the 0.6500 mark since June. And we are still very much in that range for now. This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight The dollar’s slight drop is a signal for forex traders to reassess their positions, especially with the euro gaining traction. EUR/USD’s rise to 1.1610 suggests bullish sentiment, likely driven by market reactions to U.S. economic data and the ongoing impact of softer UK GDP figures. The GBP/USD’s stagnation around 1.3130 indicates uncertainty in the UK market, which could lead to further volatility if economic conditions don’t improve. Traders should watch for any shifts in U.S. economic indicators that could impact the dollar’s strength, particularly as we approach key data releases this week. If EUR/USD breaks above 1.1650, it could trigger further buying, while a drop below 1.1550 might signal a reversal. Keep an eye on USD/JPY as well, as its movements could reflect broader risk sentiment in the market, impacting correlated pairs. The real story here is how these fluctuations could affect cross-currency pairs and overall market sentiment. A stronger euro could lead to increased pressure on the dollar, while the pound’s weakness might create opportunities for short positions if the trend continues. 📮 Takeaway Watch EUR/USD closely; a break above 1.1650 could signal further bullish momentum, while GBP/USD’s stability around 1.3130 suggests potential for volatility.

2025 world oil demand growth forecast seen at 790,000 bpd (previously 710,000 bpd)2026 average world oil demand growth forecast seen at 770,000 bpd (previously 700,000 bpd)2025 world oil supply seen rising by 3.1 mil bpd (previously 3.0 mil bpd)2026 world oil supply seen at 2.5 mil bpd (previously 2.4 mil bpd)With supply continuing to outpace demand, IEA says that this will lead to a situation in 2026 where total oil supply will be 4.09 mil bpd higher than total demand. That is higher compared to their previous forecast of a surplus of 3.97 mil bpd. Supply glut. This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight Rising oil demand forecasts signal potential price pressures ahead for crude markets. The upward revision in 2025 and 2026 demand growth—now at 790,000 bpd and 770,000 bpd respectively—could tighten supply dynamics, especially with supply only increasing by 3.1 million bpd in 2025. Traders should watch for how these forecasts play into OPEC’s production strategies and any geopolitical developments that could disrupt supply. If demand continues to outpace supply, we might see a bullish trend in oil prices, especially if technical levels around recent highs hold. Conversely, if the market perceives these forecasts as overly optimistic, we could see a pullback. Keep an eye on the $80 per barrel mark as a psychological level; a sustained breach above this could trigger more aggressive buying from institutional players. The real story is how quickly these demand forecasts translate into actual consumption, which could lead to volatility in related markets like energy stocks and ETFs. Watch for any adjustments in inventory reports that might signal shifts in this balance. 📮 Takeaway Monitor the $80 per barrel level closely; a sustained breach could indicate bullish momentum in oil prices amid rising demand forecasts.