In Commodity Markets Ripple (XRP) is facing challenges as it trades below $2.40, influenced by changes in exchange reserves. In business news, FalconX plans to merge with asset manager 21Shares, which could broaden their range of products. Retail forex traders have many choices, with top brokers for 2025 highlighted. These include brokers offering low spreads, high leverage options, and customized services for regions like MENA and Latin America. It’s important to remember that this information is for educational purposes only. Users should conduct thorough research before making any investment decisions. Trading and investing carry risks, and any decisions made are the sole responsibility of the investor. Market Outlook Russian industrial output in September was only 0.3%, much lower than the expected 0.9%. This signals a bearish outlook for the Russian economy. It suggests that positions betting against the ruble, such as long USD/RUB futures or call options, could be profitable soon. The data indicates deeper economic troubles that won’t quickly resolve. The broader market is mixed. Renewed trade war fears and an ongoing US government shutdown are creating significant uncertainty. This situation is ripe for volatility, as sharp market swings are more likely. We recommend buying straddles or strangles on major indices like the S&P 500 to take advantage of potential large price changes in either direction. In the currency market, the US dollar is weakening, allowing EUR/USD to rise above the 1.1600 level. This is a significant recovery from the near-parity lows seen in 2023. With the dollar under pressure, we suggest buying call options on the euro to benefit from further gains. Crude oil is looking strong, with WTI gaining ground due to a weaker dollar and tighter supply. This month’s Energy Information Administration report showed a surprising US inventory drop of 4.1 million barrels, boosting bullish sentiment. We expect this trend to continue, making long positions in WTI futures or call options on oil ETFs appealing. Gold is under pressure near the critical $4,000 mark, mainly due to rising US Treasury yields, with the 10-year Treasury note recently reaching 4.5%, a multi-year high. A similar situation occurred in late 2022 when rising rates limited gold’s appeal despite high inflation. This suggests that put options on gold could be a good hedge against further yield increases. Create your live VT Markets account and start trading now.

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