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On October 23, according to CMEs "Fed Watch": the probability of the Fed cutting interest rates by 25 basis points by November is 91.1%, the probability of maintaining the current interest rate unchanged is 8.9%, and the probability of cutting interest rates by 50 basis points is 0%. The probability of maintaining the current interest rate unchanged by December is 2.2%, the probability of a cumulative interest rate cut of 25 basis points is 29.5%, the probability of a cumulative interest rate cut of 50 basis points is 68.3%, and the probability of a cumulative interest rate cut of 75 basis points is 0%.A U.S. bank trade group has filed a lawsuit against the Consumer Financial Protection Bureau over its "open banking" rules.Qualcomm (QCOM.O) said on Tuesday it will work with Google (GOOG.O) to provide a combination of chips and software that will allow automakers to develop their own artificial intelligence voice assistants. Qualcomm has expanded its business into the automotive sector, with its chips powering both car dashboards and autonomous driving systems used by companies such as General Motors (GM.N). Qualcomm said it is working with Google to develop an Android automotive operating system that will run smoothly on Qualcomm chips. Qualcomm also launched two new chips, one called Snapdragon Cockpit Elite for car dashboards and the other called Snapdragon Ride Elite for autonomous driving functions. Mercedes-Benz plans to use Snapdragon Cockpit Elite chips in future vehicles, the company said.Market news: Apple (AAPL.O) is developing a new App Store application designed specifically for games to make its products more attractive to gamers.According to the New York Times: Microsoft co-founder Bill Gates privately said he has donated $50 million to US Vice President Harris.

Trading Essentials

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

  • Recognize Fundamental Analysis

    Fundamental analysis is critical in the realm of finance since it is used to value anything from corporate shares to real estate. It is a major technique for currency traders to investigate the underlying causes of seemingly random exchange rate changes.

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  • What Is the Difference Between Bearish and Bullish Markets?

    Simply defined, a bear market is one in which prices are declining, whereas a bull market is one in which prices are increasing.

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  • Forex Trading Tips for Beginners

    ​Before you embark on a new endeavor, review the fundamentals. Let's have a look at some trading pointers that every trader should keep in mind prior to trading currency pairs.

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  • Fibonacci Theory

    Before we get too far into the meaning of Fibonacci, let us first address the question, "Who is Fibonacci?" Leonardo Pisano, or Leonardo Fibonacci, was a Middle Ages European mathematician who published the Liber Abaci (Book of Calculation) in 1202 AD. He covered a range of themes in this book, including how to convert currencies and measures for business, how to calculate profit and interest, and how to solve a variety of mathematical and geometric equations.

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  • How To Day Trade Forex: An Introduction To The Technique

    Forex day trading is a common strategy for trading currencies on charts with a shorter timeframe horizon. Continue reading to learn more about day trading forex, how to incorporate it into a plan, and how to manage risk successfully.

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  • What is a Stock Market Bear Trap?

    Numerous risks are inherent when investing in or trading in the equities markets. However, what increases your danger is your inability to spot or escape the numerous traps set up specifically to steal your money. The Bear Trap in Stocks is one such trap.

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  • Stock Market Psychology: Critical Concepts Every Trader Should Understand

    Stock market psychology is the capacity to recognize and manage the emotions and behaviors that may arise during trading. While the stock market is a forward-looking gauge of expectations for corporate profits performance, it is frequently influenced by variables affecting both individual and collective trading psychology.

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  • The Top 8 Forex Trading Strategies and their Advantages and Disadvantages

    A forex trading strategy is a mathematical formula used by a forex trader to determine when to purchase or sell a currency pair. Traders can employ a variety of forex tactics, including technical analysis and fundamental analysis. A competent forex trading strategy enables a trader to do market analysis and confidently execute deals while employing effective risk management approaches.

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