The Eurozone’s industrial confidence for October was measured at -8.2, which is better than the predicted -10. The European Central Bank is expected to keep interest rates steady at 2.15%, 2.4%, and 2% for the third meeting in a row. The crypto market is showing signs of recovery after the Trump-Xi meeting in South Korea, which lowered trade barriers. As a result, Bitcoin, Ethereum, and XRP rose by nearly 1%.

Bittensor Tao Keeps Climbing

Bittensor (TAO) is on the rise for the sixth day in a row, targeting $450. Deutsche Digital Assets and Safello plan to launch a staked TAO Exchange Traded Product (STAO) on the SIX Swiss Exchange in November. The article reviews top brokers expected to shine in 2025, highlighting features like low spreads and high leverage. It also offers insights into brokers specific to various regions and platforms. This article does not offer investment advice. Readers should conduct their own research before making financial decisions. The author and FXStreet are not responsible for any errors or omissions. The better-than-expected Eurozone industrial confidence points to some resilience, despite the negative overall figure. With the European Central Bank keeping rates steady at 2.15%, this adds to stability and may limit the Euro’s short-term gains. Derivative traders might find that this steady policy and improved data keeps EUR/USD in a range, making low-volatility strategies, like selling strangles, appealing.

Reduced Trade Tensions Impact the Market

The reduction in trade tensions signals risk-taking and has lowered market fears. This is evident in the CBOE Volatility Index (VIX), which has dropped below 15 for the first time in three months. This environment supports long positions in equity index futures, but traders should stay cautious and consider buying cheap, out-of-the-money puts to guard against a sudden change in sentiment. This improved risk appetite is benefiting the crypto market, with Bitcoin and Ethereum gaining momentum. Open interest in Bitcoin futures has surged back over $18 billion this week, a level not reached since August, indicating a return of institutional capital. This suggests that using call options for long exposure could be a smart, efficient way to capture further gains in the coming weeks. The upcoming launch of a staked TAO Exchange Traded Product in November is a key factor pushing its price toward $450. We anticipate that implied volatility for TAO derivatives will rise significantly as the event approaches, creating opportunities for those willing to take risks. However, traders should keep in mind the sharp volatility spikes we saw in early 2024 and be ready for a possible “sell the news” reaction after the launch. Create your live VT Markets account and start trading now.

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