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European Central Bank (ECB) Vice President Luis de Guindos said on Monday that the current level of interest rates is appropriate.

The AUD/USD pair loses ground to around 0.6540, snapping the six-day winning streak during the early European session on Monday. The Australian Dollar (AUD) retreats from two-week highs against the Greenback following the weaker-than-expected Chinese economic data. 

TMGM, a global forex and CFD trading broker, today announced the launch of its 11th Global Trading Competition, featuring a prize pool of USD 671,500, the highest in the company’s competition history.

The 2025–2026 edition introduces two new trading categories: the Crypto Group and the Indices Group, expanding the competition beyond traditional forex and providing traders with more specialized avenues to showcase their expertise. These additions mark a significant evolution in TMGM’s flagship competition series, strengthening its position as a key annual event in the company’s global trader engagement calendar.

Registration opens on December 1, 2025, and closes on February 15, 2026. The competition will run for three months, from December 1, 2025, to March 1, 2026.

The record-breaking USD 671,500 prize pool underscores TMGM’s commitment to rewarding trading excellence and supporting a diverse global community. The new categories further enhance this year’s structure by broadening the instruments available for competition and accommodating a wider range of trading styles.

The Crypto Group is tailored for participants focused on digital assets, while the Indices Group appeals to traders analysing broader market movements. This structure ensures that competitors can engage in markets aligned with their expertise.

Participants can register through the TMGM Client Portal or the official Competition Landing Page. The competition is open to eligible clients worldwide, subject to regional restrictions.

Building on the legacy of previous editions that have attracted participants from over 150 countries, the 11th Global Trading Competition continues to deliver meaningful, competitive, and rewarding opportunities for traders worldwide. The enhanced prize pool and diversified categories reinforce the event’s status as one of the most anticipated annual contests within the global trading community.

Full competition details, rules, and registration information are available at https://portal.tmgm.com/marketing?campaign_code=ZXZ0Zm0xMXRjMjU=.

About TMGM

TMGM (Trademax Global Markets) is a leading global multi-asset brokerage providing CFD trading across forex, indices, equities, commodities, and more. Trusted by clients in over 150 countries and regulated across multiple jurisdictions, TMGM offers secure and transparent access to the financial markets through advanced technology and institutional-grade liquidity.

Headquartered in Sydney, Australia, TMGM provides a seamless trading experience that prioritises speed, precision, and performance. The firm supports traders of all experience levels, from first-time investors to seasoned professionals, by providing intuitive platforms, advanced analytics, and a robust suite of educational resources.

Whether through user-friendly tools that simplify the trading journey or in-depth insights tailored for professional strategies, TMGM is committed to democratizing access to global markets. The firm empowers individuals to trade with clarity and confidence by combining technology, transparency, and continuous learning.

TMGM is also redefining the role of financial brands through strategic partnerships with global sports and entertainment organizations. These collaborations strengthen brand resonance, promote financial literacy, and allow TMGM to engage meaningfully with a broader audience beyond the trading world.

Risk Warning

Trading leveraged products such as Forex and CFDs involves a high level of risk and may not be suitable for every investor. Leverage can amplify both gains and losses. Before trading, carefully assess your investment objectives, experience level, and risk tolerance to ensure a well-informed decision. You may lose some or all of your initial investment, and you should never trade with funds you cannot afford to lose. Ensure you fully understand the risks involved and seek independent financial advice if necessary.

Geographic Restrictions

This competition is not available to clients from Australia, New Zealand, Hong Kong, or the United Kingdom.

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

TMGM, a global forex and CFD trading broker, today announced the launch of its 11th Global Trading Competition, featuring a prize pool of USD 671,500, the highest in the company’s competition history.

The 2025–2026 edition introduces two new trading categories: the Crypto Group and the Indices Group, expanding the competition beyond traditional forex and providing traders with more specialized avenues to showcase their expertise. These additions mark a significant evolution in TMGM’s flagship competition series, strengthening its position as a key annual event in the company’s global trader engagement calendar.

Registration opens on December 1, 2025, and closes on February 15, 2026. The competition will run for three months, from December 1, 2025, to March 1, 2026.

The record-breaking USD 671,500 prize pool underscores TMGM’s commitment to rewarding trading excellence and supporting a diverse global community. The new categories further enhance this year’s structure by broadening the instruments available for competition and accommodating a wider range of trading styles.

The Crypto Group is tailored for participants focused on digital assets, while the Indices Group appeals to traders analysing broader market movements. This structure ensures that competitors can engage in markets aligned with their expertise.

Participants can register through the TMGM Client Portal or the official Competition Landing Page. The competition is open to eligible clients worldwide, subject to regional restrictions.

Building on the legacy of previous editions that have attracted participants from over 150 countries, the 11th Global Trading Competition continues to deliver meaningful, competitive, and rewarding opportunities for traders worldwide. The enhanced prize pool and diversified categories reinforce the event’s status as one of the most anticipated annual contests within the global trading community.

Full competition details, rules, and registration information are available at https://portal.tmgm.com/marketing?campaign_code=ZXZ0Zm0xMXRjMjU=.

About TMGM

TMGM (Trademax Global Markets) is a leading global multi-asset brokerage providing CFD trading across forex, indices, equities, commodities, and more. Trusted by clients in over 150 countries and regulated across multiple jurisdictions, TMGM offers secure and transparent access to the financial markets through advanced technology and institutional-grade liquidity.

Headquartered in Sydney, Australia, TMGM provides a seamless trading experience that prioritises speed, precision, and performance. The firm supports traders of all experience levels, from first-time investors to seasoned professionals, by providing intuitive platforms, advanced analytics, and a robust suite of educational resources.

Whether through user-friendly tools that simplify the trading journey or in-depth insights tailored for professional strategies, TMGM is committed to democratizing access to global markets. The firm empowers individuals to trade with clarity and confidence by combining technology, transparency, and continuous learning.

TMGM is also redefining the role of financial brands through strategic partnerships with global sports and entertainment organizations. These collaborations strengthen brand resonance, promote financial literacy, and allow TMGM to engage meaningfully with a broader audience beyond the trading world.

Risk Warning

Trading leveraged products such as Forex and CFDs involves a high level of risk and may not be suitable for every investor. Leverage can amplify both gains and losses. Before trading, carefully assess your investment objectives, experience level, and risk tolerance to ensure a well-informed decision. You may lose some or all of your initial investment, and you should never trade with funds you cannot afford to lose. Ensure you fully understand the risks involved and seek independent financial advice if necessary.

Geographic Restrictions

This competition is not available to clients from Australia, New Zealand, Hong Kong, or the United Kingdom.

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

While industrial demand for silver is expected to decline slightly, the metal is increasingly used in electric vehicles, for AI components and in photovoltaics.

In case your trading body clock hasn’t adjusted yet, let this serve as a bit of a reminder. It may be the first week of a new month but it’s one of those rare occasions where we won’t see the US non-farm payrolls data get released. And we have the longest government shutdown in US history in part to thank.

The delay saw the October numbers not be published and now those will be combined together with the November numbers but only due to be released on 16 December instead. The most significant point about that date is that it will be six days after the Fed’s final FOMC meeting for the year.

Is it all a ruse though that the BLS is timing it so as to not reflect “better” numbers that might get in the way of a Fed rate hike next week? Well, it wouldn’t be the most surprising thing.

The only thing that they have revealed so far is that the delay in reporting has seen the establishment survey collection rate move up to a higher-than-usual 80.2% as businesses self-reported electronically during the shutdown. For some context, low survey collection rates have accounted for major revisions to payrolls data in the past.

Circling back to the Fed though, markets are pricing in ~92% odds of a rate cut for December now. So, that’s the main thing to watch out for and if there will be any further communication by policymakers in guiding the path for interest rates going into next year.

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

In case your trading body clock hasn’t adjusted yet, let this serve as a bit of a reminder. It may be the first week of a new month but it’s one of those rare occasions where we won’t see the US non-farm payrolls data get released. And we have the longest government shutdown in US history in part to thank.

The delay saw the October numbers not be published and now those will be combined together with the November numbers but only due to be released on 16 December instead. The most significant point about that date is that it will be six days after the Fed’s final FOMC meeting for the year.

Is it all a ruse though that the BLS is timing it so as to not reflect “better” numbers that might get in the way of a Fed rate hike next week? Well, it wouldn’t be the most surprising thing.

The only thing that they have revealed so far is that the delay in reporting has seen the establishment survey collection rate move up to a higher-than-usual 80.2% as businesses self-reported electronically during the shutdown. For some context, low survey collection rates have accounted for major revisions to payrolls data in the past.

Circling back to the Fed though, markets are pricing in ~92% odds of a rate cut for December now. So, that’s the main thing to watch out for and if there will be any further communication by policymakers in guiding the path for interest rates going into next year.

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