International trade is the web of cross-border relationships that binds economies together. Because of trade we have access to cheaper, higher-quality goods, and we get to benefit from other countries' cultures. Economics tells us trade makes society, overall on average, better off, but that doesn't mean everyone wins. Today, the good and bad of trade through the eyes of workers in developing economies who make the things sold around the world. We follow them as they navigate the ever-shifting international trade environment. |At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.

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It's Groundhog Day, and the eyes of the nation have turned to a small town in western Pennsylvania. And, just like last year, all anyone can talk about is Punxsutawney Phil! It is impossible to find a news story that is not about one furry prognosticator.

Well, almost impossible...

Once again, our Planet Money hosts find themselves trapped in the endless Groundhog Day news cycle, and their only way out is to discover an economics story from Groundhog Day itself interesting enough to appease the capricious Groundhog Gods!

So rise and shine campers (and don't forget your booties) as hosts Kenny Malone and Amanda Aronczyk scour the news of February 2nds past, to try to find the perfect story.

This episode was hosted by Kenny Malone and Amanda Aronczyk. It was produced by Sam Yellowhorse Kesler. It was edited by Keith Romer, and engineered by Valentina Rodríguez Sánchez. It was fact-checked by James Sneed. Our executive producer is Alex Goldmark.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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Episodes each Wednesday through labor day. Find all the episodes from this season here. And past seasons here. And follow along on TikTok here for video Summer School.

Trade has come up in all of the episodes of Summer School so far. An early use of money was to make trade easier. Trade was responsible for the birth of companies and the stock market. And trade was the lifeblood of the early United States.

Today's episode covers 250 years of trade history in three chapters. We start with one of the founding texts of economics, Wealth of Nations, in which Adam Smith argues a country's true value is not measured in gold and silver, but by its people's ability to buy things that enhance their standard of living. Then we'll watch American politicians completely ignore that argument in favor of protecting domestic industries – until one congressman makes a passionate case for free trade as the means to world peace. And finally we'll follow the trade debate up to the modern day, where the tides of American politics have turned toward regulation.

This series is hosted by Robert Smith and produced by Audrey Dilling. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Sofia Shchukina.

Subscribe to Planet Money+ for sponsor-free episode listening in Apple Podcasts or at plus.npr.org/planetmoney.

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When David Rashid took over US autoparts maker Plews and Edelmann, the company was losing business to its Chinese rival, Qingdao Sunsong. Both companies make power steering hoses, but Sunsong was offering its hoses to retailers at a much lower price.

Then, in 2018, the Trump administration threw companies like Rashid's a lifeline, by announcing tariffs on a range of Chinese goods, including some autoparts. Rashid thought the tariffs would finally force Sunsong to raise its prices, but, somehow, the company never did.

It was a mystery. And it led Rashid to take on a new role – amateur trade fraud investigator. How could his competitor, Sunsong, absorb that 25% tax without changing its prices? And why had all of Sunsong's steering hoses stopped coming from China and started coming from Thailand?

On today's episode, the wide gulf between how tariffs work in theory... and how they actually work in practice. And David Rashid's quest to figure out what, if anything, he could do about it. It's a quest that will involve international detectives, forensic chemists, and a friendship founded on a shared love for hummus.

This episode was hosted by Keith Romer and Jeff Guo. It was produced by Emma Peaslee and edited by Molly Messick. It was fact-checked by Sierra Juarez and engineered by Ko Takasugi-Czernowin. Alex Goldmark is our executive producer.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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Recently, the state of Washington embarked on an ambitious new plan to combat climate change. Taking a page from economics textbooks, the state instituted a statewide "cap and trade" system for carbon emissions. The state establishes a cap on the total amount of carbon pollution it is willing to allow each year, and then gives away or auctions off carbon emission permits that add up to that total. Companies can then trade those permits on the open market.

Economists love cap and trade plans because they establish a limit on carbon emissions while letting the market find the most efficient way for decarbonization to occur. But cap and trade has had a hard time catching on, especially in the U.S.

The stakes are high for Washington's new plan. If it succeeds, it could convince other states to implement their own versions, but if it fails, it might serve as a cautionary tale. On today's show, we take a look at how Washington's grand experiment with cap and trade is faring.

This episode was hosted by Keith Romer and Kenny Malone. It was produced by Emma Peaslee and edited by Emily Siner. It was fact checked by Sierra Juarez and engineered by Valentina Rodriguez Sanchez. Alex Goldmark is Planet Money's executive producer.

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Toronto, ON – The world’s preeminent trading competition for university students returns for its 14th year at the University of Toronto’s Rotman School of Management. The students, along with their faculty advisors, from 52 different universities which include teams from China, Iceland, India, and South Africa, will participate in the competition which takes place from February […]

Toronto, ON – For the second year in row a team from the Master of Financial Engineering program at Baruch College in New York City has won the Rotman International Trading Competition. The 14th annual edition of one of the world’s preeminent trading competitions was hosted by the University of Toronto’s Rotman School of Management […]

The following is a list of University of Toronto experts who can comment on Brexit: impact on UK-Canada foreign policy and trade deals. Robert Bothwell, Professor of International Relations at U of T’s Munk School of Global Affairs Expertise: History of Canada/UK relations, Commonwealth ties Tel : (416) 946‑8948 Email: bothwell@chass.utoronto.ca Nelson Wiseman, Professor of Political Science […]

In this hour, stories of curiosity and the unfamiliar: sharing food, the art of tattoo, rebellion on wheels, and Puff Daddy. This episode is hosted by Moth Executive Producer, Sarah Austin Jenness. The Moth Radio Hour is produced by The Moth and Jay Allison of Atlantic Public Media.

Hosted by: Sarah Austin Jenness

Storytellers:

Mercia Tapping experiences a clash between her British upbringing and US food culture.

Serious journalist Michael Specter has a wild night in Paris with Puff Daddy.

Marjorie Tahbone reconnects to her culture and her ancestors.

Bushra Al-Fusail begins a Yemeni revolution on two wheels.

A FAMILY TRADITION LIMITED EDITION PRINT by Donna Howell Sickles is a(n) Limited Edition. The Edition is Limited to Limited to 650 pcs

A second Trump administration committed to cutting federal spending could mean very good things for non-traditional defense companies and startups because of a focus on affordability, Eric DeMarco, the president […]

With early exposure to the trades, a young girl found inspiration from the women she saw working in the industry, and now she wants to encourage more women to get into the business.

In the midst of a historic energy transition, the HVAC is facing a workforce shortage, and it needs to get creative to find solutions.

The Ridgid Experience, the brand’s signature event, gives select trades workers an all-expenses-paid, three-day trip that features hands-on factory experiences, fun, and camaraderie, a press release from Ridgid said.

Lasting learning in the skilled trades requires substantial time spent working on real equipment with real tools.

The National Technical Institute's Regional Immersion Program is an opportunity for contractors to overcome recruitment hurdles and secure qualified entry-level workers, and for those with an interest in HVAC, plumbing, or electrical work to get fundamental training.

When it comes to training technicians, numerous HVAC contractors have elected to create their own academies, granting them the opportunity to equip technicians with the skills and knowledge that best fit their service models.

Regardless of the teaching profession’s demands and challenges, many HVACR instructors continue to instruct because of their unconditional love for the trades and desire to prepare the industry’s next generation.

The AHRI’s 2024 Policy Symposium brought more than 200 members, along with AHRI staffers and others in HVAC, to Washington for the lobbying effort, plus panel discussions, keynote speeches, and networking.

The report showed 61% of the Gen Z respondents said their parents haven’t spoken to them about vocational school — or told them not to consider it.

As AI continues to prove itself as more than just a fad, businesses should be harnessing its power to increase efficiencies and improve customer experiences.

While new technology can certainly help streamline certain aspects of HVAC business operations, like accounting and inventory management, it still needs to be viewed as a tool to augment the capabilities of employees, not replace them entirely.

Ashley Martin joined Nibco in 2012 and most recently served as president and COO since 2023. Before that, she held the position of executive vice president.

The grant will provide state-of-the-art technology and equipment for industrial training programs such as mechatronics, information technology and cybersecurity, HVAC, construction management, welding, and more.

The final rule from the U.S. Department of Energy, issued recently, requires newly manufactured indoor residential gas furnaces to be at least 95% efficient starting in December 2028, meaning furnaces made after then will have to be condensing models.

Sex education is often taboo in close-knit Druze communities, but a new generation is creating its own care networks.

Marketing guru Benjamin Ricciardi is one of our industry experts sharing his optimal knowledge at this year’s Fall Experience and Trade Show! 

04-2014 : Montréal Exchange brings options trading to university campuses across Canada

Taking place in Parma, Italy, from October 24-27, the 2023 edition of the Cibus Tec trade fair will showcase trends and innovations in the Italian and international food and beverage machinery industry.

The USDCHF has moved higher in trading today and in the process moved above the swing highs from last week and swing area between 0.8772 to 0.8776. That area is now a close risk and bias-defining level. Staying above is more bullish.

The move above that area today has led to an increase in momentum with the price moving to and through the 50% midpoint of the move down from the Mqy 1 high. That level comes in at 0.87986 (near natural resistance at 0.8800).

The price is in trading above and below that level the last four or so hours of trading with a high price of 0.8804. Also in play on the topside is its 200-day moving average at 0.8817 and a swing area from 0.88187 to 0.88251. Get above those levels would open the door for more upside momentum.

So buyers and sellers are battling it out near the 50% midpoint and below the 200-day moving average. That is natural estranged can defined and limited risk against the technical levels. However, the price were to move above the 200-day moving average, the seller leaning now, should look to cover and push the price higher.

---------------------------------

USDCHF Summary

The USDCHF continues its upward trend, testing the 50% target level at 0.87986.

Key Levels:

Resistance

• 0.8817 (200-day MA)

• 0.88187-0.8825 (swing area)

Support

• 0.8772-0.87763 (last week's highs)

Outlook:

• Breaking above 0.88187-0.8825 opens door for more upside momentum.

• Moving below 0.8772-0.87763 gives sellers short-term advantage.

• Absent a breakdown, buyers remain in control, targeting new highs since July 31.

This article was written by Greg Michalowski at www.forexlive.com.

Fundamental Overview

Bitcoin is now up almost 30% since the election day as the bullish momentum in the cryptocurrency exploded following Trump’s victory. This shouldn’t be surprising given that Trump vowed to make the US the crypto capital of the planet.

Moreover, it looks like the US economy continues not only to do well but also re-accelerating amid the Fed’s easing and the expectations of expansionary fiscal policies like tax cuts and deregulation.

Bitcoin, alongside Dogecoin and stocks like Tesla and Coinbase, have been the top beneficiaries of Trump’s victory given their direct connection to Trump. For now, there’s no real top in sight as we would likely need a contractionary monetary policy or a notable slowdown in the economy.

The risk going forward is the Fed. If the central bank starts to mention the need of more tightening, then we could see some big corrections in all risk assets. That day though looks to be at least a couple of months away for now.

Bitcoin Technical Analysis – Daily Timeframe

On the daily chart, we can see that Bitcoin is now trading near the 90K level. The 100K level is the natural target, something that has been talked about a lot. That doesn’t mean it cannot go any higher than that though. For now, it’s a momentum play and despite the obvious nervousness one can get seeing the euphoria in the air, there’s no negative catalyst in sight that could reverse the trend.

Bitcoin Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see that we have an upward trendline defining the current bullish momentum. That’s now far away from the current price and it’s unlikely that we will see a pullback into it in the near term unless we get a very hot US CPI report tomorrow.

If we do get there though, the buyers will likely lean on it to position for a rally into new highs, while the sellers will look for a break lower to increase the bearish bets into the next major trendline around the 75K level.

Bitcoin Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have another minor upward trendline defining the bullish momentum on this timeframe. The buyers will likely keep on leaning on it to position for further upside, while the sellers will look for a break lower to increase the bearish bets into the next trendline.

More aggressive buyers, might pile in already on the break of the recent high around the 90K level targeting the 100K level. The red lines define the average daily range for today.

Upcoming Catalysts

This week is a bit empty on the data front with the most important releases scheduled for the latter part of the week. Tomorrow, we have the US CPI report. On Thursday, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US Retail Sales data.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

As the North American session begins, the bond traders return after a day off in observance of Veterans Day. Yields are higher to start their trading week with the 2 year up 6.5 basis points at 4.319% and the 10 year up 6.3 basis points at 4.371%. The 2 year yield has moved to a new high going back to July 31 today (4.336%). For the 10 year, it traded as high as 4.773% last week, but fell into Friday with the low reaching 4.558% before bouncing modestly on Friday. That upside has reached 4.64% today - off the low but below the high from last week.

Bitcoin moved to a high of $89,983 today - a new record - but has come off and trades at $86,430 currently. The low reached $85208 today in volatile trading.

Oil is higher after falling over 3% lower yesterday. The price is up 43% or 0.64% at $68.52 currently. The high reached $68.76 and a low at $67.78.

Gold is down another $11 or -.045% at $2607.28. The low reached $2589.80 before bouncing.

In the US stock market, the major indices are marginally higher after record closes across the three major indices. The Russell 2000 which has not reached a high since July 2021 got within shouting distance of it record at 2437.08. The high yesterday reached 2441.72. The Dow futures are imploring a gain of 78 points. The S&P is up 1.65 points and the Nasdaq index is now up 7.91 points.

There will be several Fed speakers today with Governor Waller, Minneapolis Fed Pres. Kashkari, Philadelphia Fed Pres. Parker, and Richmond Fed Pres. Barkin all scheduled to speak

ECB policymaker Olli Rehn emphasized that while the direction of the ECB’s monetary policy is clear, the pace of any changes will be data-dependent. The economic outlook, impacted by a struggling manufacturing sector, has deteriorated. Rehn suggested that if disinflation continues, it could support additional rate cuts, with the ECB potentially moving away from restrictive policy territory by spring 2025. He warned against protectionism, noting that tariffs would have a medium-to-long-term impact and are inherently inflationary. With growth in the euro area expected to remain sluggish and downside risks prevalent, Rehn awaits the December projections for a clearer assessment of the economic landscape.

EURUSD: The selling in the EURUSD continue as a less friendly US with Pres. Elect Trump, spell slower growth with increased tariffs the concern. Technically, the price initially moved higher in the Asian session but found willing sellers near the low of the swing area between 1.0663 and 1.06703. That was swing lows in June 2024. Staying below kept the sellers in control, and they pushed lower. The price has since moved down to a low of 1.0606 which tests the lows from April when a series of swing lows bottomed the pair. Those levels are also the lows for the year (going back to October 2023).

USDJPY: The USDJPY rose yesterday and then stalled in the US session between 153.59 to 153.88 (swing area). Recall, the 153.88 level was a swing high from July 31. The highs from October 28 and October 29 was at 153.88 too. Today, the price moved lower and below the swing area low, BUT found support at the 61.8% of the move down from the July high. That level comes in at 153.397. Going forward, that hold increases that technical levels importance as support. Move below would increase the bearish bias in the short term at least.

On the topside, the price has now moved back above the 153.88 level (bullish). If the price can stay above that level now, that would be the most bullish technical scenario as buyers show their strength on the break. On the topside, the 154.54 up to 155.09 would be the next target area to stretch towards. Get above that area over time, and it adds to the bullish bias. Buyers making a play. Can they keep the momentum going?

GBPUSD:The GBPUSD fell below the lows from the last 2 weeks (last week low was at 1.28329) and sellers jumped, pushing the price through the 200 day MA at 1.28178. The breaks are more bearish and the low price reached 1.27915 and has bounced. The price has traded above and below the 200-day MA at 1.28179, but has so far stayed below the low from last week at 1.28329. If the price moves back above that level and momentum back to the upside is able to get above 1.2844 and the 50% of the move up from the April low at 1.2866, the buyers are showing some strength and the sellers will start worrying about the failures more and more. Conversely, if the price can stay below the 1.2832 and 1.2844 that keeps the sellers confidence high, but gettng below the 200-day MA is still required again. The price is currently trading near the 200-day MA but remains below 1.28329.

USDCHF: The USDCHF extended above the 200 day MA at 0.88176 and also a swing area from 0.88187 to 0.8825. That was a bullish move and the price moved to a high of 0.88303 but failed. The price is back below the 200 day MA and swing area. The price is trading near 0.8800 (0.8802 is the low). ON the downside the 50% is at 0.87986. If that is broken, then the swing area, the 200 day MA and the 50% failed. That should give buyers cause for pause as the buyers had their shot, and they missed. But the price still needs to get below 50%.

This article was written by Greg Michalowski at www.forexlive.com.

The USDJPY is extending to a new session high after testing is 61.8% retracement earlier in the day at 153.397 and finding willing buyers.

The market to the upside has now taken the price to a high of 154.75. That has extended above the high price from last week at 154.704. The buyers are making a play.

The swing high going back to July 30 came in at 155.21, and that becomes the next key target on the topside for the pair.

This article was written by Greg Michalowski at www.forexlive.com.

BofA suggests staying short on CHF, particularly against USD and GBP, as post-election volatility subsides and G10 rate repricing supports a weaker CHF. While political risks may pose a minor obstacle, BofA sees CHF depreciation as likely due to policy divergence, with recent fiscal stimulus in the UK reinforcing the case for long GBP/CHF.

Key Points:

• CHF Weakness Expected: Following the US election, BofA expects normalization in volatility and G10 rate adjustments, which support a weaker CHF heading into year-end.

• Policy Divergence and SNB Cuts: CHF depreciation has been driven by Swiss policy moves, including an SNB rate cut, and ongoing yield compression. Increased Swiss inflation has also pressured CHF.

• Positioning in USD/CHF and GBP/CHF: BofA favors short CHF positions in USD/CHF and recently opened a long GBP/CHF position via a three-month ratio call spread, driven by UK fiscal stimulus enhancing policy divergence.

• Risk Management Considerations: While CHF shorts are promising, BofA advises a cautious approach due to potential political uncertainties that could affect CHF.

Conclusion:

BofA recommends holding short CHF positions in USD/CHF and GBP/CHF, as volatility recedes and policy divergence favors a weaker CHF. Though political noise may cause short-term volatility, BofA sees CHF depreciation persisting into year-end, with UK fiscal moves strengthening the case for GBP/CHF.

For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here.

This article was written by Adam Button at www.forexlive.com.

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:

This article was written by Eamonn Sheridan at www.forexlive.com.

Deribit, the world’s premier Bitcoin and Ethereum options exchange, in partnership with SignalPlus, a leading options trading dashboard and analytics hub, is excited to unveil the second edition of the Winter Trading Competition 2024.

This year's competition offers participants a $200,000 USDC prize pool, along with various prizes such as iPhones, PlayStation 5s, and other rewards. Additionally, participants will benefit from valuable learning opportunities and insightful trading sessions designed to enhance their skills and strategies, making this the biggest and most rewarding crypto trading contest of the year.

The Winter Trading Competition 2024 is open to all retail participants who utilize their Deribit accounts to trade cryptocurrency options, futures and spot on the SignalPlus platform. Registrations are open and will remain open until December 9th 2024. The competition begins today November 4th to December 9th, 2024, spanning 35 days of intense trading action.

US Election Registration Bonus As an added incentive, traders who register by November 5 will receive a US Election Option, available as part of a limited-time bonus. Registrations remain open until December 9, 2024.

Luuk Strijers, Chief Executive Officer at Deribit, “We’re thrilled to launch the second edition of our trading competition in collaboration with SignalPlus. Following the remarkable success of last year’s iteration, we are excited to raise the bar even higher this time. The growth and enthusiasm we witnessed have inspired us to expand the competition, offering even more opportunities for participants to showcase and expand their skills.”

Competition Highlights:

• Prizes and Rewards: Compete in both individual and team categories, with special bonuses for team leaders and daily prize draws.
• Referral Program: Up to 10,000 USDC in rewards is available through a referral program for inviting others to register and trade on Deribit.
• Sign-Up Incentives : Bonuses are available for all registrations, first trades, and inviting friends, with participants eligible for prizes that range from cash rewards to tech products.
• Luxury and Variety: Participants have the chance to win various rewards, including iPhone 16s, iPads, Apple Watches, cash prizes in USDC, and travel to Thailand.
• Prestigious Recognition: Top individual winners will earn honorary certificates, while winning teams will take home trophies.
• Learning opportunities: Participants will also gain access to six master-level options AMAs (Ask Me Anything sessions) and Deribit’s product training hosted by industry experts, available absolutely free. These sessions are designed to elevate trading skills.

Chris Yu, Co-Founder of SignalPlus, added: “We’re excited to collaborate with Deribit on this landmark trading competition. At SignalPlus, our mission is to enhance the trading experience through innovation, and this event reflects that commitment. By combining our advanced technology with Deribit’s robust platform, we’re offering participants an unparalleled opportunity to engage with crypto options in fresh, dynamic ways, pushing the boundaries of strategy and skill.”

Competition Rules and Rewards:

• Individual Race: Individual participants will compete through semi-final and final stages, with prizes awarded to the top 35 traders. The highest-ranking trader will earn up to 5,000 USDC.
• Team Contest: The top five teams will win prizes ranging from 1,000 to 5,000 USDC. Additionally, each day for 35 days, one team member will win a luxurious trip to Thailand.
• Daily Draws: For 35 consecutive days, 111 lucky participants will win cash rewards daily.
• Daily Lucky Ranks: Every day, 9 special traders will receive prizes ranging from 10 to 300 USDC.
• Extra Incentives: Over 10,000 bonus prizes are available for registering, inviting friends, and making your first trade – the rewards keep flowing!

Key Details:

• Prize Pool: 200,000 USDC.
• Registration Period: October 23rd – December 9th, 2024.
• Competition Period: November 4th – December 9th, 2024.

Seize the opportunity to compete with top traders globally and start your journey toward exciting prizes today!

About Deribit

Deribit (https://www.deribit.com/) is a centralized, institutional-grade crypto derivatives exchange for options and futures trading. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency trading, advanced risk mitigation services, and deep liquidity through a network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of all crypto options trading and adheres to robust proof of assets and liabilities procedures to ensure the highest standards.

About SignalPlus

SignalPlus provides a world-class options trading dashboard that covers risk tracking, profit/loss attribution, strike and theta analysis. Users can execute multi-legged orders with embedded algorithms to minimize slippage and conduct in-depth profit/loss and exposure assessments using simulation tools and scenario analysis. SignalPlus also automates delta hedging across varying market conditions and offers real-time trade notifications through Telegram, empowering traders with the insights and tools needed for successful trading.

This article was written by FL Contributors at www.forexlive.com.

With its recent launch, Xlence is quickly positioning itself as a promising option in the online trading world. This new platform emphasizes transparency, education, and accessibility, aiming to make trading a simpler and more empowering experience for users.

In a recent announcement, Xlence laid out its mission to provide traders with a supportive and versatile environment, underpinned by advanced technology and a diverse selection of trading instruments. This approach shows a clear focus on catering to both experienced traders and newcomers, offering tools, resources, and tailored support.

A Wide Array of Trading Options to Suit All Investors

One of the company’s standout features is its broad range of trading options, which includes Forex, metals, indices, commodities, futures, and shares. With this variety, Xlence caters to traders looking to diversify their portfolios and explore different strategies, allowing them to adapt their trades according to shifting market conditions.

To support this flexibility, Xlence offers four unique account types—Essential, Prime, Deluxe, and Ultimate—each designed to suit different trading styles and levels of expertise. Through this segmentation, Xlence ensures that all traders, from beginners to seasoned investors, can access features aligned with their goals, trading preferences, and risk tolerance.

The platform also highlights its low spreads, flexible leverage, and fast trade execution, all critical features that give traders an edge in fast-paced markets. Xlence appears focused on streamlining the user experience, particularly when it comes to managing funds.

With a seamless approach to deposits and withdrawals, Xlence aims to make financial transactions straightforward, reflecting the platform’s commitment to providing a hassle-free and user-centered trading experience.

Emphasizing Education and Support for a Global Clientele

The broker’s emphasis on education and support reflects a strong understanding of what traders need to succeed. The platform offers a comprehensive suite of educational resources, designed to benefit both new and experienced traders.

These resources range from beginner-friendly tutorials to advanced insights into market trends and trading techniques. By providing traders with access to these learning tools, Xlence shows it understands that successful trading requires a continuous process of learning and skill development.

Beyond education, Xlence also offers extensive support to its users, showing a notable commitment to accessibility for traders worldwide. With customer service available in over 15 languages, the platform is well-prepared to assist a diverse client base.

This multilingual support underscores the broker’s global perspective, ensuring that traders from various backgrounds can find guidance in their preferred language, which can be especially valuable in navigating complex trading environments. The approach indicates Xlence’s awareness of the varied needs of its clients and highlights its focus on creating a trading environment where users feel valued and supported.

In a highly competitive online trading market, Xlence’s balanced approach to technology, user education, and support sets it apart. The platform’s attention to providing versatile trading options, combined with its dedication to education and global support, suggests that Xlence is well-positioned to become a trusted name in the industry.

This article was written by FL Contributors at www.forexlive.com.

All eyes will be on the United States on Tuesday, 5 November 2024, as the world awaits the outcome of the contest between Kamala Harris and Donald Trump. With the countdown clock to the 2024 US elections beginning to tick down towards polling day, markets are starting to brace themselves for what is yet to come.

Key Volatility Factors

The sharp differences between Harris' and Trump's policy platforms are creating an atmosphere of market volatility, as investors may be unsure which sectors stand to be affected by the outcome of this neck-and-neck race.

Beyond the presidency, control of Congress—both the House and Senate—plays a crucial role in determining policy outcomes and potential market reactions. Historically, markets have trended upward across presidential terms, yet analysts suggest that a divided government, where different parties control the presidency and Congress, may be optimal for market stability.

Understanding underlying market dynamics is crucial for those entering the online trading arena, and as the U.S. election on 5 November approaches, market volatility is reaching new heights, creating both risks and opportunities for traders. To help navigate this turbulent landscape, Plus500 offers a wealth of resources through its Trading Academy, including US election webinars, tutorials, eBooks, analysis, and up-to-date news articles.

These tools equip traders with the knowledge to better understand market dynamics and the potential impact of political developments on their trading strategies. In this uncertain environment, well-informed traders who grasp key concepts and trends might be better-placed to adapt to sudden price movements that could arise from unexpected election outcomes, although results are never guaranteed with trading.

The Economic Issues Driving the 2024 Election

The 2024 U.S. elections bring critical economic issues to the fore, with tax, trade, and energy policies as central themes. Donald Trump has proposed further corporate tax cuts to stimulate growth, particularly in manufacturing, energy, and technology, which may boost equity markets in the short term, but could increase federal deficits. Kamala Harris, on the other hand, supports targeted tax incentives for green sectors while proposing higher corporate taxes for social initiatives, potentially boosting clean energy stocks but affecting traditional sectors.

On trade, Trump has revived his stance on tariffs, particularly towards China, aiming to promote domestic industries. This could benefit U.S. manufacturing but may disrupt tech and consumer goods reliant on international supply chains. Harris's approach, while less aggressive, would aim for targeted tariffs, supporting U.S. interests without risking extensive trade conflicts, which could stabilise sectors sensitive to global markets.

Energy policy reflects another stark partisan contrast. Trump advocates for expanding fossil fuel production to reduce energy costs and inflation, which would likely favour traditional energy stocks. Harris's clean energy approach seeks to boost renewables like solar and wind, supporting sustainability-focused sectors, although it may come with initial cost implications for energy markets.

Potential Market Risks: Volatility, Fed Policy, and Foreign Relations

Market volatility could increase with trade and energy policy shifts, especially if Trump’s proposed tariffs amplify tensions with China. Retaliatory tariffs could hurt agriculture and technology exports, heightening risks in indices tied to these sectors. In contrast, Harris’s more moderate approach might result in steadier markets, benefiting industries with international exposure.

Monetary policy remains critical, with Trump favouring lower rates to spur growth, risking inflation if the Federal Reserve complies. Harris supports the Fed’s independence, suggesting more stable monetary policy with potential benefits for long-term economic stability.

Foreign relations also play a role, particularly concerning China and other trade partners. Trump’s tariff plans could heighten international tensions, whereas Harris’s approach is seen as less confrontational, benefiting multinational corporations and stabilising revenue streams from abroad, particularly in tech and healthcare.

Markets Affected by the US Election

In addition to concrete economic sectors that are seeing the impact of election season volatility, certain corners of the market are seeing ups and downs as well:

Forex & USD

The US dollar’s performance has fluctuated under different administrations, and the stakes are high this time around. A Republican victory could send the dollar soaring, fuelled by aggressive trade policies and rising interest rates, potentially strengthening it against the euro. On the flip side, if a Democrat takes the helm, analysts predict a softer dollar due to reduced fiscal expansion and declining real interest rates, which could benefit the euro in the EUR/USD pair. As election day approaches, volatility could be heightened, including on platforms like Plus500.

Commodities

The commodities market is already making waves. Rising geopolitical tensions, especially in the Middle East, are already influencing oil prices, and any further escalations could tighten supply routes like the Strait of Hormuz, potentially driving oil prices up sharply. Precious metals, traditionally seen as safe havens, may attract risk-averse investors amid election uncertainty. If policies post-election signal heightened government spending or inflation concerns, metals like gold and silver could see increased demand, reinforcing their role as hedges in uncertain times.

Trading Election-Related Indices with Plus500

With all of the aforementioned shifts underway, there are unique opportunities to trade on the shifting political landscape through OTC products on specific indices available on Plus500. Notably, these indices reflect the anticipated impact of party control on various sectors, enabling diverse trading strategies.

● The US Democrats in Power Index (BUDIPI) tracks companies poised to thrive under Democratic governance. This index is weighted by Free-Float Market Capitalization, meaning larger companies have a greater influence. Investors can look to sectors such as clean energy, healthcare, and technology, which are expected to benefit from policies likely to be enacted by a Democratic administration.

● Conversely, the US Republicans in Power Index (BURIPI) focuses on firms that are projected to gain from Republican leadership. The BURIPI index encompasses companies in the energy, defence, and financial sectors, reflecting potential tax cuts, deregulation, and increased military spending that could arise from a Republican victory.

● Additionally, traders can explore the Trumpnomics Index (BTRUIN), which specifically tracks businesses that may flourish under former President Trump’s economic policies. This index captures the performance of companies in industries such as fossil fuels, manufacturing, and infrastructure, which Trump has historically supported.

Riding the Volatility Wave

In the build-up to polling day, the potential for market volatility presents exciting trading opportunities as well as accompanying risks. With access to a wide range of OTC instruments and learning resources, Plus500 equips traders to potentially better navigate the uncertainties and ride the waves of uncertain global markets.

About Plus500

Plus500 is a global multi-asset fintech group operating proprietary technology-based trading platforms. Plus500 offers customers a range of trading products, including OTC (“Over-the-Counter” products, namely Contracts for Difference (CFDs)), share dealing, as well as futures and options on futures.

The Group retains operating licences and is regulated in the United Kingdom, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the Seychelles, the United States, Estonia, Japan, the UAE and the Bahamas and through its OTC product portfolio, offers more than 2,500 different underlying global financial instruments, comprising equities, indices, commodities, options, ETFs, foreign exchange and cryptocurrencies. Customers of the Group can trade its OTC products in more than 60 countries and in 30 languages.

Plus500’s trading platforms are accessible from multiple operating systems (iOS, Android and Windows) and web browsers. Customer care is, and has always been, integral to Plus500. As such, OTC customers cannot be subject to negative balances. A free demo account is available on an unlimited basis for OTC trading platform users and sophisticated risk management tools are provided free of charge to manage leveraged exposure, and stop losses to help customers protect profits, while limiting capital losses.

Plus500 shares have a premium listing on the Main Market of the London Stock Exchange (symbol: PLUS) and are a constituent of the FTSE 250 index. https://www.plus500.com/.

This article was written by FL Contributors at www.forexlive.com.

Since its founding in 2004, Dukascopy has grown into a trusted, innovative leader in the fintech and online trading space, providing clients with advanced tools and a stable platform for smart financial decisions.

Over the past 20 years, Dukascopy has reached major milestones that reflect its core values of stability, innovation, and putting clients first. From its proprietary JForex platform to the popular MT4 and MT5, Dukascopy offers a variety of trading platforms along with modern neo-banking services for both individuals, businesses, and institutions. The bank has also led the way in technology upgrades with White Label and banking-as-a-platform solutions.

As Dr.Andre Duka, Dukascopy’s founder, says, "Innovation has always been at the heart of what we do. We aim to continue delivering these high standards into the future. Thank you, our clients, for choosing us for these 20 years."

Currently, Dukascopy (https://dukascopy.click/agw) proudly serves over 400,000 clients across both trading and banking services. This commitment to delivering cutting-edge solutions, backed by Swiss-grade stability, has allowed the company to maintain long-term relationships with clients, many of whom have been trading and banking with Dukascopy for decades.

As the company looks toward the future, Dukascopy remains focused on empowering traders and banking clients, expecting significant growth of its client base across all segments, from trading to neo-banking, corporate to white-label services.

This article was written by FL Contributors at www.forexlive.com.

LiteFinance has entered into a multi-year partnership with Premier League football club Leicester City as their Official Trading Partner.

We are excited to announce that LiteFinance has entered into a multi-year partnership with Premier League football club Leicester City as their Official Trading Partner. This collaboration marks a significant milestone for LiteFinance as we expand our presence into the world of sports, aligning our brand with one of England’s most admired football clubs. Leicester City Football Club is pleased to confirm LiteFinance as its new Official Trading Partner.

Established in 2005, LiteFinance has grown into a leading online broker, offering high-speed trading services in 29 international languages. Our platform is designed to empower clients with financial freedom, providing access to a comprehensive range of trading instruments in the currency, commodity, stock, and agricultural markets. Through this partnership, we aim to bring our innovative, accessible trading solutions to a broader audience, enhancing the experience for both our clients and Leicester City’s global fanbase. Shared Values and Vision Both LiteFinance and Leicester City share a commitment to excellence, innovation, and a global outlook. The Foxes have a significant following, particularly in Southeast Asia, where they enjoy one of the largest social media reach outside of the Premier League’s traditional top six clubs. This partnership will allow LiteFinance to engage with new audiences and create memorable experiences for football fans and our clients alike. Visibility and Engagement As part of this partnership, LiteFinance will benefit from extensive brand visibility, including pitch-facing LED advertising, logo placements on interview backdrops, and a selection of digital advertising. Additionally, our clients will have exclusive access to branded promotional materials, such as custom merchandise, and will be able to participate in special contests and promotions designed to bring excitement and memorable experiences to football fans. These initiatives are tailored to enhance engagement and connect with Leicester City supporters meaningfully. Statements from Leadership Kristina Leonova, CEO of LiteFinance, commented: “We are thrilled to embark on this exciting journey with Leicester City. This partnership reflects our mutual commitment to excellence and innovation. It will allow us to connect with new audiences and create impactful experiences while delivering on our promises and setting new standards of success.”LiteFinance is proud to partner with Leicester City Football Club and looks forward to a fruitful relationship that will bring value to both organizations and the communities we serve. We are confident that this collaboration will set the stage for innovative initiatives and successful outcomes in the future. Leicester City Commercial Director, Dan Barnett, added: “This collaboration marks an exciting chapter for us as we continue to expand our global reach with new partners. We look forward to working closely with LiteFinance to further elevate the Club's presence on the international stage in unique ways.”

This article was written by FL Contributors at www.forexlive.com.

At 10 am Sydney time on Thursday, November 14, 2024,

• Panel Participation by RBA Governor Michele Bullock, at the ASIC Annual Forum, Sydney
• that's 2300 GMT, 1800 US Eastern time on Wednesday, November 13, 2024

Perhaps we'll hear something on wages data from earlier today:

• Australia data - Wage Price Index for Q3 2024: +0.8% q/q (expected +0.9%, prior +0.8%)

But, probably not:

• Australia - "Wage inflation is moderating as expected"

The RBA next meet on December 9 and 10 and no change to the cash rate is widely expected.

This article was written by Eamonn Sheridan at www.forexlive.com.

The dollar continues to sit in a good spot this week, holding gains ahead of the main event later today. It's all about the US CPI report and markets are likely to remain more tentative up until then. As for the bigger picture, the post-election sentiment continues to play out for the most part and that remains the larger focus.

For now, USD/JPY is one to watch as it closes in on the 155.00 mark currently. That will mark the first time since the end of July that the pair is taking a run at the figure level. Is Tokyo going to step up with their verbal interventions? There's going to be little technical resistance in between this pocket here and 160.00 next.

Besides that, EUR/USD is also in focus as the pair closes in on the April low of 1.0601. Large option expiries are in play for now but it's hard to ignore the stronger dollar post-election. If that breaks, sellers will be eyeing the 1.0500 level next before the October lows from last year seen at 1.0448-51.

This article was written by Justin Low at www.forexlive.com.

• German DAX futures -0.2%
• French CAC 40 futures -0.4%
• UK FTSE futures -0.1%

The CAC 40 index is now down to its lowest since mid-August while the DAX is eyeing its October lows of 18,911. This comes with US futures also marked down so far on the day. S&P 500 futures are lower by 0.3% as we look to the session ahead.

This article was written by Justin Low at www.forexlive.com.

Leading online global trading provider HFM, a unified brand name of HF Markets Group, is committed to helping traders level up their trading by providing top-notch trading tools and services.

Traders only need to open a live account and complete their registration to give their trading a boost, as they will instantly gain access to free tools that help them learn about the latest developments in the markets, make complex calculations in a few steps, stay updated on currency pair movements and more.

Keep up with market movements

· Exclusive Analysis. Daily market analysis fromHFM’s team of experts, and three free webinars every week for live learning and Q&A.

· Economic Calendar. Track upcoming global economic events and indicators and anticipate how the market will move with HFM’s real-time, customizable Economic Calendar.

· Trader's Board. Get breaking market news, identify the biggest currency movers and gauge market sentiment.

Make complex calculations

· Calculators. A wide range of trading calculators that are free, simple to use and provide instant results for more informed trading decisions.

Enhance your trading platforms

· Premium Trader Tools. These multi-platform tools can be downloaded and installed on MT4/5 as an all-in-one package covering a range of requirements.

· One Click Trading. Place trades with a single click with HFM’s advanced One Click Trading functionality.

Trade and access your account anytime, anywhere

· The HFM App. The financial markets are in the palm of your hand with HFM App!

· myHF Area. Clients can manage their trading accounts, funds and trades with ease via their private myHF area.

Automate your trading

· VPS Hosting. Protect automated strategies and benefit from reduced trade latency with HFM VPS (Virtual Private Server).

· Autochartist Tool. The first MT4/5 market scanner is fully customizable and alerts traders to opportunities as soon as a chart or Fibonacci pattern is identified.

· SMS Service. Stay alert to market changes with the HFM SMS Service, complimentary to clients trading upwards of 5 round turn lots per calendar month.

By using these tools and the others available via the HFM website, traders can enhance their trading and stay up to date with market movements that may affect their trades.

About HFM

Since its founding in 2010, HFM has been a leader in the online trading industry, known for its cutting-edge technology, comprehensive educational resources, and exceptional trading conditions. The Group holds licenses from 7 regulatory bodies and has earned more than 60 prestigious industry awards, demonstrating its commitment to excellence and trader security.

HFM offers traders access to a diverse range of financial instruments, including forex, indices, commodities, bonds, and ETFs. With four tailored account types and three advanced trading platforms—including the proprietary HFM platform—HFM provides a comprehensive suite of tools and resources to meet the needs of traders worldwide.

Additionally, HFM supports traders with features like copy trading and various promotions, enabling them to navigate their trading journey with confidence. Whether through in-person seminars, online webinars, or state-of-the-art trading platforms, HFM continues to provide the resources traders need to engage in today’s fast-paced financial markets.

This article was written by FL Contributors at www.forexlive.com.

Manufacturing

Room 29, Parliament Buildings

As fall comes to an end, students look forward to the Thanksgiving traditions they engage in each year. As the holiday approaches, students shared sentiments about the traditions they celebrate with family and friends.

The post Students Await Thanksgiving Traditions appeared first on Pepperdine Graphic.

The last time Donald Trump was the US president, Vietnam reaped big benefits from the trade war he started with China. This time around, the outcome could be different.

It looks like this time, Paramount's decades-held hopes of making a movie out of Tom Clancy's epic saga Without Remorse are really going to happen! Last month, Variety reported that Jamie Bell will join the previously announced Michael B. Jordan (playing frequent Clancy hero John Clark) in the movie from director Stefano Sollima (helmer of the very Clancy-esque Sicario: Day of the Soldado). Bell will play a familiar character from the Tom Clancy universe, CIA Deputy Director of Operations Robert Ritter. Henry Czerny memorably essayed the role in 1994's Clear and Present Danger, in which Willem Dafoe played Clark.

Today, several more actors joined the cast, making this Without Remorse more and more of a reality! (Forgive my incredulity. It's just hard to believe this movie is finally happening after literally decades of development!) Deadline reports that Luke Mitchell (Agents of S.H.I.E.L.D.), Jacob Scipio (Bad Boys For Life), Cam Gigandet (Seal Team Six: The Raid on Osama Bin Laden), Jack Kesy (12 Strong), and Todd Lasance (Spartacus) are all signing on as members of Clark's SEAL team. Nearly all of them have played special forces operators before. Additionally, Jodie Turner-Smith (The Last Ship, The Neon Demon) has been cast as a potential love interest for Jordan.

According to the trade, "Without Remorse is the origin story of John Clark, played by Jordan, a Navy SEAL-turned-CIA ops officer, who seeks revenge after his girlfriend is killed by a Baltimore drug lord." That sounds more or less like the novel, so if this capsule summary comes from the studio (and not just a Deadline writer Wikipedia-ing the book), then perhaps we can expect a fairly faithful adaptation. What I'm guessing we won't get is a period piece. I doubt Clark will serve in Vietnam in this version; I suspect they'll make it contemporary. (This was the plan back when Tom Hardy was supposed to play Clark in a series intended to cross over with Chris Pine's intended Jack Ryan franchise.) Paramount are very eager to launch a new film franchise with this movie, already eyeing Clancy's Rainbow Six as a follow-up. Also unclear is whether there will be any crossover with Amazon's Jack Ryan TV series, which hails from the same producers. The Clark character has been kept out of that series so far because of the percolating film franchise, but that doesn't necessarily preclude a cameo from John Krasinski in Without Remorse....

Without Remorse is slated to open September 18, 2020.