Tom Zhang has been promoted as head of Asia FX trading, Americas at HSBC. New York-based Zhang steps into the role after initially joining the bank in 2022 as an EMFX Asia trader. In his new position, Zhang assumes responsibility for leading Asia FX trading across Americas, spanning market making, risk management, liquidity provision and…
Dow Jones Industrial Average futures traded near 51,600, reflecting a steady posture (+0.18%) Written by: Olumide Adesina • Friday, October 9, 2026 • 1 min read • Last updated: Friday, October 9, 2026 Add an article to your Reading List Register now to be able to add articles to your reading list. ” aria-hidden=”true”> Quick…
Gold (XAU/USD) is currently trading at about $4,180.55, having risen after reclaiming the short-term moving averages… Written by: Arslan Ali Butt • Friday, October 9, 2026 • 4 min read • Last updated: Friday, October 9, 2026 Add an article to your Reading List Register now to be able to add articles to your reading…
Key Highlights USD/JPY started a fresh increase from the 156.40 support. A breakout pattern is forming with resistance at 158.40 on the 4-hour chart. EUR/USD struggled to recover and remained below the 1.1250 pivot. Bitcoin corrected some gains and might revisit $80,000. USD/JPY Technical Analysis The US Dollar remained supported above 156.40 against the Japanese…
Advertisement Nigeria’s FX Turnover Drops to $1.7bn as Spot Trading Declines Trading activity in Nigeria’s foreign exchange market fell sharply last week, as total turnover across the spot and derivatives segments dropped to $1.70 billion. Data from FMDQ showed that turnover for the week ended 2 October, 2026, fell by 35.4 per cent from…
Oil and Yields Squeeze the Equity Cushion From Both Sides What’s happening: Global risk sentiment weakened on Thursday as Brent briefly pushed above $105 on renewed reports of possible US military action against Iran, while the US 10-year Treasury yield returned to around 5.35%, close to levels last seen in 2002. US equity futures fell…
Netherlands based regulated trading venue One Trading has announced a strategic investment from Nasdaq Ventures. The investment reflects Nasdaq Ventures’ focus on investing in technologies that can support the continued modernisation of global capital markets, and establishes a foundation for Nasdaq and One Trading to explore future areas of collaboration. One Trading’s unified deterministic trading,…
US initial jobless claims fell from a revised 199K to 197K in the week ending October 3, coming in below the 200K consensus and pointing to continued restraint in layoffs. The four-week moving average also declined from 200.5K to 198K, reinforcing the picture of a labor market that has cooled without showing signs of a…
Apparently responding to international pressure, the People’s Bank of China, China’s central bank, on October 8 took the rare step of publishing a dedicated article laying out its official stance on RMB exchange rate policy, October 2026 The RMB exchange rate, as an important price in the financial market, has been a subject of attention…
Brent price jumped over 4% and hit the two-week high on Thursday, following further escalation in the Middle East and hurricane that cut US oil and gas production. Growing supply worries over the strongest attacks on ships in the Gulf and Strait of Hormuz (compared to Wednesday’s news that 81% of oil flow through Hormuz…