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  • Treas Sec Bessent: Will have 2nd interview with Fed Chair nominees today.

    Treasury Sec Bessent on CNBC says:

    • On U.S.–China: we’re always going to be natural rivals

    • On U.S.–China: relationship in good place

    • On U.S.–China: Trump may attend APEC in November

    • On U.S.–China: could be four meetings between Trump and Xi next year

    • On Fed: Will have last interview in second round today – CNBC

    • On Fed: Have five strong candidates

    • On Fed: Will have last interview in second round today – CNBC

    • Very good chance Trump will announce Fed chair before Christmas – CNBC

    • On Fed: “Ample reserves regime” might be fraying – CNBC

    • On Fed: Time for Fed to move into the background

    This article was written by Greg Michalowski at investinglive.com.

  • US Treasury Secretary Bessent: Relationship with China in good place

    • US position on Taiwan remains unchanged
    • We’re always going to be natural rivals with China
    • Chinese are on schedule with soybean purchases
    • Ukraine continues peace plan talks with the US
    • Trump may attend Shenzhen APEC summit in November 2026
    • I have five strong candidates for Fed chair
    • Good chance Trump will announce Fed chair before Christmas
    • Fed governors seem to be leaning towards cutting rates
    • Shutdown shaved 1.5% off of US GDP, at least 11 billion dollar hit

    This article was written by Giuseppe Dellamotta at investinglive.com.

  • iTech Software Embeds e-Signature Functionality into CRM

    Same high-performance CRM platform, quicker KYC checks and higher approval rates with e-Signature.

    iTech Software introduces e-Signature, a new CRM functionality that speeds up KYC verification checks for brokers and traders. This platform upgrade aligns with the company’s mission to empower brokers with agile back-office solutions. This capability is fully integrated with iCRM and the back-office system, accelerating onboarding and KYC compliance processes and streamlining compliance management.

    In the long term, it helps brokers save time and resources on automatable compliance tasks, allowing them to focus more on growth, as they can keep traders engaged for longer. In turn, traders will enjoy a smoother onboarding experience and seize opportunities much faster.

    Improved speed at a pen’s stroke

    Thanks to the e-Signature upgrade, traders can now electronically sign documents before uploading them to their profile. They can do so even while trading, as this feature allows them to sign their verification documents without having to navigate out of the trading platform or print or scan documents.

    Similarly, brokers can upload documents they generate to the CRM and let their clients sign them electronically. Once a document is generated, traders are able to review it directly in the trading platform and e-sign it with a simple button press. All the documents e-signed by traders are automatically uploaded to the CRM.

    For faster processing, an automated field recognition feature has been added to the platform. This feature enables text recognition in KYC documents and text-to-text conversion in the back-office system. This means that when traders upload their ID documents, the system can recognise text and render it as text in the back office for compliance teams.

    The e-signature upgrade follows a stack of notable improvements, including multicurrency accounts functionality, savings accounts, and asset bundles launched earlier in the year.

    The innovation and its immediate benefits

    Improved KYC verification and fully automated data handling for brokers and clients are only some of the core benefits associated with the newly introduced e-signature features. By eliminating human intervention, the online signature functionality significantly improves the onboarding speed. Processes that used to take hours or even days in some cases are now completed in seconds.

    For brokers, this level of automation simplifies workflows and reduces the risk of potential human errors associated with manual processes. An integral part of the automated KYC compliance module of iTech’s CRM, the sleek online signature functionality improves efficiency while offering traders a smoother onboarding experience.

    “Traders demand speed and efficiency. In the background, brokers are faced with the challenge of balancing strict AML requirements and creating an environment that is responsive and provides swift connection to the financial markets. With the introduction of electronic signature capabilities, our White Label platform meets these demands,” said an iTech Software spokesperson.

    Meet iTech Software at Affiliate World Asia 2025

    To mark the launch of this new feature and showcase its advanced White Label solution to the general public, iTech Software announces its attendance at Affiliate World Asia 2025 in Bangkok. Scheduled to take place between 3 and 4 December, the event is not only the largest tradeshow and conference dedicated to performance marketers, but it is also the perfect opportunity to network and become familiar with the latest technologies.

    If you’re attending this year’s event, don’t miss the chance to pre-book your meeting with the iTech Software team and secure a time slot for a free platform demonstration on site.

    This article was written by IL Contributors at investinglive.com.

  • The USD is lower to kickstart the new trading day. Chips are a focus today

    The USD is lower as the market shifts back toward a cut in
    December. The expectations is now up to around 80% (it was in the 30%’s last
    week). The shift came as NY Fed President Williams, Daly and Wallers have
    shifted to a cut in December. The thought is that the Fed Chair Powell
    would have likely discussed NY Fed Pres. William’s speech and would therefore be shifting the bias that way ahead of the December 10 rate decision (William’s is the NY
    Fed President and as such has more influence than the other Presidents).

    The chip space is in flux after reports that Google and Meta
    are in talks that could shift major AI workloads away from Nvidia and AMD
    toward Google’s custom Tensor Processing Units (TPUs), sending Nvidia and AMD
    shares lower in early trading.

    According to The Information, Google has begun pitching TPUs
    to large customers—including Meta and major financial institutions—with Meta
    considering a multi-billion-dollar investment to deploy TPUs in its own data
    centers by 2027 and potentially renting TPU capacity from Google Cloud as soon
    as next year.

    The news fueled concerns that Google’s Gemini AI platform
    could intensify competition for OpenAI—an important SoftBank investment—driving
    SoftBank shares down sharply. Adam wrote about this last week after Gemini 3.0
    was released “Google proved that you don’t need Nvidia and so much more“,
    and it seems it IS doing a good job (see pic below).

    While Nvidia and AMD slid on fears of reduced GPU demand,
    Google and Broadcom—Google’s TPU fabrication partner—traded higher as investors
    reassessed competitive positioning in a rapidly shifting AI hardware landscape
    where Nvidia still leads but faces growing pressure from specialized rivals.

    • Nvidia
      shares are trading down -3.63%
    • Alphabet
      shares are trading up +4.44%.
    • Microsoft
      years are trading down -0.87%
    • AMD
      was down -4.5%
    • Broadcom
      is up 3.25%
    • Micron
      is down -1.1%
    • Intel
      is up 0.77%

    Looking at the major indices the ups and downs have the indices trading above and below unchanged:

    • Dow industrial average was 18 points
    • S&P index up 3.38 points
    • NASDAQ index -11.85 points

    in the US debt market, yields are lower:

    • 2-year yield 3.479%, -0.8 basis points.
    • 5 year yield 3.589%, -1.5 basis points
    • 10 year yield 4.019%, -1.7% basis points
    • 30 year yield 4.660%, -1.6 basis points

    Crude oil is trading down $1.14 at $57.72 . Gold is trading down to dollars and $0.34 at $4132. Bitcoin is trading down $895 at $87,372

    This article was written by Greg Michalowski at investinglive.com.

  • Germany Q3 final GDP 0.0% vs 0.0% q/q prelim

    • Prior -0.3%
    • Q3 GDP (non-seasonally adjusted) +0.3% vs +0.3% y/y prelim
    • Prior -0.2%
    • Q3 GDP (seasonally adjusted) +0.3% vs +0.3% y/y prelim
    • Prior +0.2%

    No changes to the initial estimates as the German economy grinds to a halt in the third quarter this year. Amid more stubborn price pressures as well, stagflation risks are a consideration as we look towards the turn of the year for Europe’s largest economy.

    This article was written by Justin Low at investinglive.com.

  • FX option expiries for 25 November 10am New York cut

    There aren’t any major expiries to take note of on the day, with the full list seen below.

    As such, trading sentiment will continue to revolve around the risk mood for the most part although major currencies remain relatively muted still on the week. Traders might be winding down towards the Thanksgiving holidays but keep in mind that month-end is also approaching and that could stir up some flows before the end of the week.

    In any case, the pound will be a key highlight in trading tomorrow as outlined here earlier. So, there is at least something to look out for this week.

    For more information on how to use this data, you may refer to this post here.

    Head on over to investingLive (formerly ForexLive) to get in on the know!

    This article was written by Justin Low at investinglive.com.

  • Mild dollar buying the signal for this month-end – Credit Agricole

    Credit Agricole’s fixing model points to “mild USD buying across the board” this month-end, owing to the rebalancing performance amid broad equity declines, combined with FX-adjusted market cap effects. Of note, the firm says that the strongest signal is for dollar demand against the loonie. As such, the model suggests long USD/CAD to be the month-end flow that stands out this time around.

    This article was written by Justin Low at investinglive.com.

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