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FTMO, one of the world's largest prop firms, has announced the hiring of 300 employees. Roughly half of the vacancies are at OANDA, a broker that is part of the company's structure.
In a report dated November 10, the Japanese holding company SoftBank (one of the world's largest technology investors) disclosed that back in August it had pledged 87 million Intel shares - about 1.6% of all outstanding shares of the chipmaker. It has already received $7.4 billion against the collateral.
US October prices rose faster than expected, and the market almost unanimously bet on a Fed rate hike on December 9. The euro lost 0.28% over the day and is trading around 1.1190.
Clare Lombardelli, Deputy Governor of the Bank of England, told the Guardian that she does not rule out a rate hike at the December meeting. For a market accustomed to expecting cuts from the British central bank, this is a reversal in tone.
On November 9, the U.S. Commodity Futures Trading Commission (CFTC, the regulator of the futures and forex market) banned eight Americans from working in the industry: they brought U.S. retail traders to unlicensed offshore brokers. Clients deposited about $391 million with the four brands.
Brent crude is trading around $96.45 per barrel on Monday versus Friday's close of $98.32. Over the past week, the futures lost 16% - more than in any week since the start of the coronavirus pandemic.
MEXC exchange explained the halt as "scheduled maintenance" a day after the US Treasury order that cuts it off from the American financial system. According to the Cexorer tracker, as of November 7, six out of 18 tracked networks for USDT withdrawal (a stablecoin with an exchange rate pegged to the dollar) were working.
The SEC, the U.S. Securities and Exchange Commission, announced on November 6 a settlement with Christopher Williams, better known as "Swaggy C": he sold contracts for difference to U.S. retail clients through his own broker without being registered to do so.
On Thursday XAU/USD gained about 1%: it rebounded from $4,057 and settled above $4,100 amid the sell-off in US equities. On Friday morning the gains did not hold - the dollar recovered its losses, and the metal slipped back below $4,100 ahead of the release of the US jobs report.
Tehran passed a proposal on the nuclear program to Washington through Qatar, but is willing to discuss it only after all seven of its demands are met. WTI (the American crude grade, the main price benchmark) responded with a 4% rise on the evening of November 5 and added about another 2% on the morning of November 6, to $90.15 per barrel.
Thomas Barkin, president of the Federal Reserve Bank of Richmond, said on Thursday, November 5, that inflation remains too high and for the Fed it is risk number one. He called the policy path clear: the only debate is about the pace of rate increases, and a gradual step "makes sense."
On November 4, the French National Assembly rejected the revenue section of the 2027 budget bill - 458 deputies voted against. Along with the document, all three crypto amendments we wrote about on November 4 failed at first reading, including the declaration of wallets from €100,000.
The DXY dollar index (the dollar's exchange rate against a basket of major currencies) headed toward the 101.00 area on Wednesday, November 4 - a five-week low - losing about 0.5% and falling below 101.50. On Thursday, two catalysts for movement hit the market at once: US labor market statistics and the Bank of England meeting.
The world's largest crypto exchange published an expanded reconciliation of client funds after a $6.34 billion theft and stated that it had replenished about 98% of the affected assets. Withdrawals, however, are not fully open.
The ADP employment report for October was released on November 4 at 16:15 MSK: +86K private sector jobs versus the expected +69K and +90K the month before.
The issuer of the USDC stablecoin (a coin with an exchange rate pegged to the dollar) laid off about 5% of its employees and spent $9.1 million on it, even though net profit for the quarter grew. The reduction is mentioned in a footnote to the third-quarter report.
The euro gained more than 0.6% against the dollar on Wednesday and approached four-week highs. Two reasons came together at once: price growth in the eurozone accelerated to a three-year peak, and the Democrats won the US midterm congressional elections.
Today ADP Research Institute publishes its report on private sector employment in the US for October. The consensus is +69 thousand jobs after +90 thousand in September. This is the first labor market figure this week, followed by NFP on Friday.
Nvidia (the world's largest manufacturer of artificial intelligence chips) has recommended that cloud business clients sell at least 51% of services to non-Chinese companies. Financial Times reported this on the morning of November 3.
After a $6.3 billion hack - the largest in crypto history - Binance transferred 7,499 BTC from its SAFU insurance fund. The fund's Bitcoin reserves have roughly halved: from ~15,000 BTC to ~7,500 BTC (about $583 million), and the exchange has not given a timeline for replenishing it.
Friday's session was the worst for the Nasdaq since the start of June: the index lost 2.86%, the S&P 500 - 1.82%. This week the market goes through US elections, earnings reports from major technology companies and employment data all at once.
The largest prop firm comparison site prop firm Match admitted that it substituted its affiliate link even for those who simply opened the company's page or copied a promo code. Within a few days, at least six partners left it, including Apex Trader Funding and Blue Guardian.
On the morning of November 2, the head of the Bank of Japan once again signaled readiness to raise the key rate. No specific dates or figures were announced, but for the market this is not the first such hint in recent months.
