Canadian Prime Minister Mark Carney and Alberta Premier Danielle Smith are set to announce a memorandum of understanding on energy on Thursday.Likely related to a heavy oil pipeline running from Alberta to the British Columbia northwest coastReports are that and Alberta are close to concluding a wide-ranging framework on energy development, including a limited exemption to the existing ban on oil tanker traffic off British Columbia’s northwest coast.Carney and Smith are expected to sign an MOU to formalize the agreement More here:Carney and Smith to unveil energy deal in Calgary Thursday, source says This article was written by Eamonn Sheridan at investinglive.com. 🔗 Source 💡 DMK Insight The upcoming energy agreement between Alberta and the Canadian government could shift market dynamics significantly. With a focus on a heavy oil pipeline, this deal may bolster Alberta’s oil exports, impacting crude prices and related equities. Traders should watch for potential volatility in energy stocks, particularly those linked to Canadian oil production. If the agreement leads to increased pipeline capacity, we could see a bullish trend in crude oil prices, especially if global demand remains strong. However, keep an eye on regulatory responses and environmental concerns that could pose risks. The real story is how this could ripple through the energy sector, influencing not just oil but also natural gas and renewable energy markets. Watch for key price levels in crude oil, as any bullish sentiment could push prices above recent highs, while any regulatory hiccups could lead to sharp corrections. 📮 Takeaway Monitor crude oil prices closely; a successful agreement could push prices higher, while regulatory issues might trigger volatility.

Chinese President Xi says to enhance energy partnership with Russia.Will ensure smooth energy supply chain with Russia.CCTV reporting. No surprises here. Neighbors China and Russia are friends due to their common distaste for the US.—Chinese President Xi Jinping on Tuesday sent a congratulatory message to the 7th China-Russia Energy Business Forum This article was written by Eamonn Sheridan at investinglive.com. 🔗 Source 💡 DMK Insight Xi’s push for stronger energy ties with Russia could shake up global energy markets. With both countries looking to solidify their partnership, traders should keep an eye on how this affects oil and gas prices, especially if sanctions on Russia continue to tighten. If China ramps up its energy imports from Russia, we could see a shift in supply dynamics that might push prices higher in the short term. This could also impact related assets like commodities and currencies tied to energy exports. Watch for any price movements in Brent Crude and natural gas futures, as they could react sharply to any announcements or changes in trade flows. On the flip side, this partnership might lead to increased volatility in markets sensitive to geopolitical tensions. If Western nations respond with further sanctions or trade restrictions, it could create a ripple effect across global markets. Keep an eye on the $85 level for Brent Crude; a break above could signal a bullish trend fueled by increased demand from China. 📮 Takeaway Monitor Brent Crude around the $85 level; a breakout could indicate rising prices due to increased Chinese energy imports from Russia.

Russia and China are exploring options to expand Russian oil shipments to the Chinese market, Deputy Prime Minister Alexander Novak said at a Sino-Russian business forum in Beijing. China and India have become Russia’s dominant energy customers since the Ukraine war began, with China currently taking around 1.4 million barrels per day by sea and another 900,000 barrels per day via pipeline.The talks come as the United States imposes new sanctions on Rosneft and Lukoil, Russia’s two largest oil producers, measures Moscow has dismissed as ineffective. Despite mixed reports about future supply volumes, Russia’s overall crude exports have remained broadly stable.Novak said Moscow and Beijing are reviewing ways to increase flows, including the option of extending intergovernmental agreements that would allow Russian oil to continue moving to China through Kazakhstan for another decade, up to 2033. This article was written by Eamonn Sheridan at investinglive.com. 🔗 Source 💡 DMK Insight Russia’s pivot to China for oil is a game changer for energy markets. With China currently importing about 1.4 million barrels daily, this shift could tighten global supply further, especially as Western sanctions on Russian oil remain in place. Traders should keep an eye on how this affects Brent and WTI prices, as any increase in demand from China could push these benchmarks higher. Additionally, this move may impact the forex market, particularly the USD/RUB and USD/CNY pairs, as increased trade between Russia and China could strengthen their currencies against the dollar. But here’s the flip side: if geopolitical tensions escalate or if China faces economic slowdowns, demand could wane, leading to price volatility. Watch for key technical levels in crude oil—if Brent breaks above recent highs, it could signal a bullish trend, while a failure to hold support could indicate a bearish reversal. Keep an eye on news from OPEC+ as well, as their production decisions could further influence market dynamics. 📮 Takeaway Monitor Brent crude prices closely; a breakout above recent highs could signal a bullish trend driven by increased Chinese demand for Russian oil.

Russia, China discuss expanding oil exports as U.S. sanctions hit major producersChinese President Xi says to enhance energy partnership with RussiaHeavy oil pipeline for Canada, Alberta to coast of BC, looks set for approvalJapan PM Takaichi says she spoke with Trump on a callGoldman Sachs sees gradual CNY appreciation, USD/CNY at 6.85 over 12 monthsPBOC sets USD/ CNY central rate at 7.0826 (vs. estimate at 7.1056)Takaichi, Trump to discuss Xi call as tensions rise over Taiwan, FNN reportsBOK to hold at 2.50%, weak won, housing risks push rate cuts into early 2026: Reuters pollGoldman Sachs warns slowdown risk could trigger deeper Fed easingDeutsche Bank: Five forces drove Bitcoin’s worst week since FebruaryMorgan Stanley: Market correction nearly done, pullback is a buying opportunity into 2026″Google Further Encroaches on Nvidia’s Turf With New AI Chip Push”Australian weekly consumer confidence index remains in doldrums at 87.1Tesla sued for allegedly infringing robotics patents tied to Autopilot systemsU.S. urges U.K. to ban Chinese firms from all critical infrastructure over security risksS&P: Canada set for modest growth, but inflation and weak investment remain hurdlesTrump has told his advisers he’s planning to speak directly with Nicolas MaduroinvestingLive Americas FX news wrap 24 Nov: The USD closes the day mixed. Nasdaq soars.UK Treasury ask banks to make public, prominent endorsement of Budget (not making this up)Major US stock indices close with solid gainsIt was a quiet session for major FX pairs, with narrow ranges dominating and virtually no meaningful data to drive direction. Only minor headlines emerged from Australia and South Korea on consumer sentiment, neither of which moved markets.News flow was similarly subdued. Japan’s PM Takaichi and U.S. President Trump held a call after Trump’s conversation with China’s Xi, though Takaichi’s readout revealed little — a masterclass in saying something without saying anything. Russia and China also pledged closer energy cooperation, but details were scant.Regional equities here traded mostly higher, taking their cue from Wall Street’s latest rally.In corporate news, Alphabet jumped in post-market trade after reports that Meta is in talks to spend billions on Google’s TPU chips for future data-centre build-outs and potentially through Google Cloud rentals. The prospect of Meta shifting part of its compute stack toward TPUs hit Nvidia, whose AI GPUs dominate the market today. Meta is reportedly considering deploying TPUs in its data centres from 2027 and may rent capacity from Google Cloud as soon as next year. Google has also agreed to supply Anthropic with up to one million TPUs.Commodities were mixed: gold edged higher while oil drifted slightly lower. Asia-Pac stocks:Japan (Nikkei 225) +0.14%Hong Kong (Hang Seng) +1.2% Shanghai Composite +1.1%Australia (S&P/ASX 200) -0.1% This article was written by Eamonn Sheridan at investinglive.com. 🔗 Source 💡 DMK Insight With ADA at $0.41, geopolitical tensions and energy partnerships could sway market sentiment significantly. The discussions between Russia and China to expand oil exports amid U.S. sanctions highlight a shift in global energy dynamics. This could lead to increased volatility in related markets, including cryptocurrencies like ADA, as traders react to potential shifts in economic power. If the CNY appreciates as Goldman Sachs suggests, that could also impact crypto markets, particularly in Asia, where many traders are sensitive to currency fluctuations. Watch for ADA’s support around $0.40; a break below could trigger further selling pressure, while a bounce could signal renewed interest. On the flip side, if geopolitical tensions escalate, we might see a flight to safety, which could temporarily boost ADA as a speculative asset. Keep an eye on how these developments unfold over the next few weeks, especially with the potential for increased trading volume around key price levels. 📮 Takeaway Monitor ADA closely around the $0.40 support level; geopolitical shifts could lead to increased volatility in the coming weeks.

Gold is once again in the spotlight after a solid showing yesterday to kick start the new week. The precious metal moved up by 1.7% to back above $4,100 as risk appetite shows some improvement while traders are also pricing in over 70% odds of a Fed rate cut for December. That sees gold nudge up to a ten-day high but from the charts, it’s nothing too outstanding.There is a flag/wedge/pennant building for gold this month and price action continues to hold within the confines of that as seen above. As such, that technical pattern is now going to act as a key momentum factor in determining the next big move for gold.A breakout from the chokehold and above $4,200 will open the floodgates for gold to target the highs for the year again. The momentum will have added credence considering the strong seasonal months in December and January for the precious metal typically.Meanwhile, a downside break will quickly see the $4,000 mark get called into question before revisiting the late October lows near $3,900. That will be a crucial support level to watch as a break there opens up the path back towards a potential test of the 100-day moving average (red line) just above $3,700 currently.So while the fundamental drivers are still very much a consideration for gold price action, the technical posturing above suggests that the charts will be the ones in deciding the directional pace of the game for the next move. This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight Gold’s recent 1.7% rise to over $4,100 signals a shift in trader sentiment, and here’s why that matters: With the Fed’s rate cut odds exceeding 70%, traders are likely reallocating funds from riskier assets to safe havens like gold. This trend could lead to further upward momentum in gold prices, especially if economic data continues to support the Fed’s dovish stance. For those trading gold, keep an eye on the $4,100 level; a sustained break above could trigger more buying, while a drop below might signal profit-taking. Additionally, this shift could ripple through correlated markets, affecting currencies like the USD and even cryptocurrencies like SOL, which currently sits at $136.20. If gold continues to rise, expect some pressure on risk assets as traders seek safety. But don’t overlook the potential for volatility. If the Fed surprises the market with a more hawkish tone, gold could quickly reverse its gains. Watch for upcoming economic indicators that could sway Fed sentiment, particularly inflation data and employment reports. The next few weeks will be crucial for positioning in both gold and related markets. 📮 Takeaway Monitor gold’s $4,100 level closely; a breakout could lead to further gains, impacting risk assets like SOL.

The FX market seems like it is slowly winding down towards the Thanksgiving holidays, though month-end might offer something to work with before the week is truly over. But for today, the mood music remains rather lackadaisical with changes among major currencies being relatively muted. The dollar traded more mixed yesterday with a lack of appetite overall, leaving not much to work with in the new day as well.The Japanese yen remains one of the key focus points with USD/JPY having ramped up to near 158.00 last week, stirring up talks of Tokyo intervention. That as we also saw EUR/JPY touched a record high of 182.00, with the pair holding above the 180.00 mark this week.Besides that, the risk selloff did also put the Australian dollar in the spotlight with AUD/USD testing three-month lows before keeping a slight bounce. Amid the choppy risk sentiment we’re seeing since last week, this will keep the aussie under the microscope amid further risk fluctuations – especially to the downside.And coming up tomorrow, the British pound will be under major scrutiny as Rachel Reeves will deliver the UK Autumn Budget. Concerns surrounding the fiscal situation have seen EUR/GBP rise up to its highest since April 2023 earlier this month with price action still keeping closer to the 0.8800 mark for now.As the UK Chancellor unveils her plans, which almost certainly will include tax hikes (just not income tax perhaps), we’ll have to digest all of that and how it relates to the bond market, growth, inflation, and any potential political fallout. So, the mixture of all of that is what will drive volatility in sterling tomorrow surely.The key thing for Reeves in all of this is surely to avoid waking up the bond vigilantes and stirring up another rout in the gilts market. She has to show that she is “fiscally responsible” and some good news at least is that it seems that she only has a £20 billion hole to plug in the finances rather than the feared £30-35 billion.She might want to play things cool by going with tax hikes towards businesses, investments, and assets. But in turn, that will draw backlash from the financial circle and weigh on the UK economic outlook.That said, it is at least better politically as the alternative is to put a “stealth income tax” i.e. freezing the tax thresholds and/or introduce spending cuts. Those measures might upset the political powers that may be and even threaten Starmer’s leadership status as well.So, there’s going to be plenty of moving variables in this one. This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight With the FX market quieting down ahead of Thanksgiving, traders should brace for potential volatility as month-end approaches. The current mixed performance of the dollar suggests indecision among investors, which could lead to sharp moves as liquidity thins. Keep an eye on key currency pairs, especially those involving the euro and yen, as they may react to any unexpected news or economic data releases. The calm before the holiday storm often leads to sudden shifts, so be prepared for potential breakouts or reversals. Additionally, the muted changes in major currencies could signal a buildup of positions ahead of month-end adjustments, making this a critical time to monitor trading volumes and sentiment indicators. On the crypto side, with ETH currently at $2,893.94, any shifts in the FX market could spill over into crypto, particularly if the dollar strengthens or weakens significantly. Watch for ETH’s reaction around the $2,900 level, as it could serve as a psychological barrier. If it breaks above, we might see a rally, but if it falters, a pullback could be in play. 📮 Takeaway Watch for ETH around $2,900 and stay alert for potential volatility in FX as month-end approaches.

Credit Agricole’s fixing model points to “mild USD buying across the board” this month-end, owing to the rebalancing performance amid broad equity declines, combined with FX-adjusted market cap effects. Of note, the firm says that the strongest signal is for dollar demand against the loonie. As such, the model suggests long USD/CAD to be the month-end flow that stands out this time around. This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight Credit Agricole’s model hints at a mild USD rally, and here’s why that matters for traders: With month-end rebalancing underway and equities under pressure, a shift towards USD buying could impact various currency pairs. The focus on the loonie suggests that traders should watch for potential strength in USD/CAD, especially if broader market sentiment continues to sour. If the dollar gains traction here, it could signal a broader trend, affecting commodities and even crypto markets that often correlate with the greenback’s strength. Keep an eye on key levels—if USD/CAD breaks above recent resistance, it could trigger further buying. But don’t overlook the flip side; if equities stabilize or rally unexpectedly, we might see a quick reversal in dollar demand. Traders should monitor the S&P 500 and its correlation with USD movements closely. The real story is how quickly the market reacts to these signals, so be ready for volatility as we approach month-end. 📮 Takeaway Watch USD/CAD closely; a break above resistance could signal further dollar strength, especially with equities under pressure.

There aren’t any major expiries to take note of on the day, with the full list seen below.As such, trading sentiment will continue to revolve around the risk mood for the most part although major currencies remain relatively muted still on the week. Traders might be winding down towards the Thanksgiving holidays but keep in mind that month-end is also approaching and that could stir up some flows before the end of the week.In any case, the pound will be a key highlight in trading tomorrow as outlined here earlier. So, there is at least something to look out for this week.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 With no major expiries today, traders are likely to focus on risk sentiment, which could lead to muted movements in major currencies. The lack of significant events means that market participants are likely to react more to external factors, such as economic data releases or geopolitical developments. Keep an eye on the broader market mood, as shifts in risk appetite can lead to volatility in currency pairs. For instance, if risk aversion increases, we might see a flight to safe-haven currencies like the USD or JPY, while riskier assets could take a hit. On the flip side, if positive news emerges, we could see a rally in riskier currencies. Traders should monitor key economic indicators scheduled for the week, particularly any data that could shift sentiment. Watch for levels in major pairs like EUR/USD and USD/JPY, as these could provide insight into market direction. The current lack of major expiries means that traders should be prepared for potential surprises from external factors that could shake up the market. 📮 Takeaway Watch for shifts in risk sentiment this week, particularly in EUR/USD and USD/JPY, as external factors could trigger volatility.

Prior -0.3%Q3 GDP (non-seasonally adjusted) +0.3% vs +0.3% y/y prelimPrior -0.2%Q3 GDP (seasonally adjusted) +0.3% vs +0.3% y/y prelimPrior +0.2%No changes to the initial estimates as the German economy grinds to a halt in the third quarter this year. Amid more stubborn price pressures as well, stagflation risks are a consideration as we look towards the turn of the year for Europe’s largest economy. This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight Germany’s stagnant Q3 GDP signals potential trouble ahead for the Eurozone economy. With the economy barely growing at +0.3% and inflation still a concern, traders need to be wary of how this could impact the euro and related assets. Stagflation risks are rising, which could lead to a more cautious approach from the European Central Bank. If the ECB decides to pause or slow down interest rate hikes, it might weaken the euro further against the dollar. Keep an eye on the EUR/USD pair, especially if it approaches key support levels around 1.05. Additionally, this stagnation could ripple through to commodities and equities, particularly those tied to European economic performance. Watch for any shifts in market sentiment as traders react to these economic indicators, especially in the coming weeks as more data is released. The flip side is that if inflation shows signs of easing, it could provide a glimmer of hope for growth, but for now, the focus should be on the immediate implications of this stagnant GDP. 📮 Takeaway Monitor the EUR/USD pair closely; a drop below 1.05 could signal further weakness in the euro amid rising stagflation risks.

Same high-performance CRM platform, quicker KYC checks and higher approval rates with e-Signature.iTech Software introduces e-Signature, a new CRM functionality that speeds up KYC verification checks for brokers and traders. This platform upgrade aligns with the company’s mission to empower brokers with agile back-office solutions. This capability is fully integrated with iCRM and the back-office system, accelerating onboarding and KYC compliance processes and streamlining compliance management. In the long term, it helps brokers save time and resources on automatable compliance tasks, allowing them to focus more on growth, as they can keep traders engaged for longer. In turn, traders will enjoy a smoother onboarding experience and seize opportunities much faster.Improved speed at a pen’s strokeThanks to the e-Signature upgrade, traders can now electronically sign documents before uploading them to their profile. They can do so even while trading, as this feature allows them to sign their verification documents without having to navigate out of the trading platform or print or scan documents. Similarly, brokers can upload documents they generate to the CRM and let their clients sign them electronically. Once a document is generated, traders are able to review it directly in the trading platform and e-sign it with a simple button press. All the documents e-signed by traders are automatically uploaded to the CRM.For faster processing, an automated field recognition feature has been added to the platform. This feature enables text recognition in KYC documents and text-to-text conversion in the back-office system. This means that when traders upload their ID documents, the system can recognise text and render it as text in the back office for compliance teams. The e-signature upgrade follows a stack of notable improvements, including multicurrency accounts functionality, savings accounts, and asset bundles launched earlier in the year. The innovation and its immediate benefitsImproved KYC verification and fully automated data handling for brokers and clients are only some of the core benefits associated with the newly introduced e-signature features. By eliminating human intervention, the online signature functionality significantly improves the onboarding speed. Processes that used to take hours or even days in some cases are now completed in seconds. For brokers, this level of automation simplifies workflows and reduces the risk of potential human errors associated with manual processes. An integral part of the automated KYC compliance module of iTech’s CRM, the sleek online signature functionality improves efficiency while offering traders a smoother onboarding experience. “Traders demand speed and efficiency. In the background, brokers are faced with the challenge of balancing strict AML requirements and creating an environment that is responsive and provides swift connection to the financial markets. With the introduction of electronic signature capabilities, our White Label platform meets these demands,” said an iTech Software spokesperson.Meet iTech Software at Affiliate World Asia 2025To mark the launch of this new feature and showcase its advanced White Label solution to the general public, iTech Software announces its attendance at Affiliate World Asia 2025 in Bangkok. Scheduled to take place between 3 and 4 December, the event is not only the largest tradeshow and conference dedicated to performance marketers, but it is also the perfect opportunity to network and become familiar with the latest technologies. If you’re attending this year’s event, don’t miss the chance to pre-book your meeting with the iTech Software team and secure a time slot for a free platform demonstration on site. This article was written by IL Contributors at investinglive.com. 🔗 Source 💡 DMK Insight With SOL at $136.20, the introduction of e-Signature by iTech Software could streamline KYC processes for traders, enhancing operational efficiency. This upgrade is particularly relevant as regulatory scrutiny in crypto intensifies, making quick KYC checks a competitive advantage. Brokers who adopt this technology may see improved client onboarding and retention, which could lead to increased trading volumes. If SOL’s price holds above key support levels, this could signal a bullish trend, attracting more institutional interest. However, traders should be cautious of potential volatility as the market reacts to these technological advancements. On the flip side, while this innovation is promising, it’s crucial to monitor how competitors respond. If others in the space fail to keep pace, it could create a temporary advantage for early adopters. Watch for any significant price movements in SOL that could indicate broader market sentiment shifts, especially if it approaches resistance levels around $140. 📮 Takeaway Keep an eye on SOL’s price action around $140; a breakout could signal increased institutional interest driven by enhanced KYC processes.