Weekly forex forecast: EUR/USD, XAU/USD, GBP/USD, USD/JPY, Bitcoin and more [Video]

Join me for my weekly trading plan with this week's forex analysis covering:

United States Wholesale Inventories came in at 0.7%, above expectations (0.6%) in September

Prediction markets are opening prop trading to everyone who follows the world

From elections to football to central bank decisions, prediction markets let traders put their knowledge of the world to the test. Bashaar Gokal, Director at RZR Funded, explains why this is a turning point for prop trading, and why the rules matter more than ever.

Japanese Yen firms as US Dollar pares post-NFP gains

USD/JPY starts the week on the back foot as broad-based weakness in the US Dollar (USD) lends support to the Japanese Yen (JPY). At the time of writing, the pair trades around 157.91, down 0.36% on the day.

Gold recovers overnight

Good Day... and Marvelous Monday to you! Well, Friday night, my beloved Mizzou Tigers and St. Louis U, played basketball it was the first time in a long time that they have played each other... And Saturday brought us the Mizzou Football team playing Texas...

Nigeria tells stablecoin issuers: get licensed or leave

Nigeria's central bank has issued a licensing framework for stablecoin issuers: capital minimums, full reserve backing and a window for existing operators.

The post Nigeria tells stablecoin issuers: get licensed or leave appeared first on Forex Crunch.

CFTC gives exchanges 30 days to end geographic access restrictions

The CFTC has ordered designated contract markets to end domestic geographic access restrictions within 30 days under its Impartial Access Requirements interpretation, or explain why they cannot comply.

The post CFTC gives exchanges 30 days to end geographic access restrictions appeared first on Forex Crunch.

Bitcoin falls to seven-week low as over $1 billion in crypto longs liquidated

Bitcoin fell below $76,000 to a seven-week low as over $1.1 billion in long positions were liquidated and spot Bitcoin ETFs bled outflows.

The post Bitcoin falls to seven-week low as over $1 billion in crypto longs liquidated appeared first on Forex Crunch.

Hyperliquid Strategies files with CFTC to become a futures commission merchant

Hyperliquid Strategies has filed with the CFTC to register as a futures commission merchant, aiming to carry US client accounts for Hyperliquid's HIP-3 permissioned markets.

The post Hyperliquid Strategies files with CFTC to become a futures commission merchant appeared first on Forex Crunch.

Bhutan’s Gelephu central bank cleared to hold crypto in reserves

A royal decree has given the Gelephu Central Bank explicit legal permission to hold crypto in reserves, though no purchase is confirmed.

The post Bhutan’s Gelephu central bank cleared to hold crypto in reserves appeared first on Forex Crunch.