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Whether you’re after the latest updates from the world of cryptocurrencies, global markets, brokers or exchanges, AskTraders news has you covered. Our pages are updated regularly throughout the day to keep you up to speed with the current trends and movements affecting the financial world. AskTraders news is your one-stop portal for all the stories the markets are talking about. Remain one step ahead of the market with our browser alerts service.  Simply click the red bell to subscribe for breaking news straight to your desktop.   Our Contributors

Home prices — looking for clues in the asset market

Home prices are notoriously difficult to incorporate into statistical models. With a lot of agencies just avoiding the complications and contradictions, it falls to analysts at the Economist to patch together a best-guess style model Although limited by the data being input, it adopts a clever approach and uses the latest methods to try and predict the next…

Saudi oil attacks — the vulnerabilities are exposed

Saudi Arabia this week shut down half of its oil production. The kingdom spent an estimated $67.6bn on arms in 2018. Only behind the US and China in the spending league tables. Despite the considerable expenditure, the country’s oil infrastructure is incredibly vulnerable. An upgrade of the defences will take time and might explain the absence to date…

Bitwise tells SEC: BTC market has matured, but SEC wants more regulation

The financial press has been alive of late with speculations regarding the possibility of a Bitcoin Exchange-Traded Fund (ETF). After the VanEck application withdrawal, the SEC still has two BTC ETF apps on its desk, one that will most likely be delayed, and another, which must by law have a decision made prior to October 14th. The latter…

Adobe (NASDAQ:ADBE) posts Q3 beats, but shares fall

Computer software enterprise delivers $2.05 EPS and $2.83bn revenue versus $1.97 and $2.82bn estimates Lower-than-anticipated Q4 outlook as Digital Media growth slows BMO Capitals says report “disappointing” by Adobe standards, cuts price target Shares down in midweek but remain up 20% year-to-date Adobe Inc. (NASDAQ:ADBE) beat Wall Street expectations with strong earnings and revenue in Q3, but the…

Will Powell non-event offer great options trades?

Powell managed adding to recent calm equities markets and all past stories of macro themes decided “vanishing”. Today was an extremely boring session with once again falling risk premium. Before getting to complacent you might want to reconsider a few charts. SPX continues trading close to all time high levels, but we have not had one strong candle…

Bitcoin triangle formation keeps extending, despite major drop and return

Depending upon your perspective, you might have missed the Bitcoin fireworks during the late hours Wednesday. Bitcoin looked as if it were going to be another routine day of ranging about $10,300, when suddenly – BAM! From $10,150, the trapdoor opened wide, and the world’s favorite digital asset went careening down a dark cavern, until it reached $9,600.…

Brexit — plans to avert no-deal are still work in progress

The closure of the UK parliament has freed up the diaries of British politicians. Prime Minister, Boris Johnson, and Brexit minister, Stephen Barclay, have been on a Euro-roadshow to meet their counterparts and discuss possible ways forward. All options remain open. A deal, an extension and leaving on WTO terms are all still feasible, but the markets are…

VanEck withdraws BTC ETF application – Analysts now doubt one in 2019

Friday the 13th, a day that will always be emblazoned in French history and a dismal day for the Templars, but crypto advocates got a jolt, as well, when the VanEck consortium withdrew its Bitcoin Exchange-Traded Fund (ETF) application from consideration by the SEC. A final decision had been expected in mid-October, along with one for Bitwise Asset…

US Fed report — cuts cause confusion

As widely expected, the US Fed cut interest rates when it delivered its report to the markets on Wednesday. The new target range is 1.75%–2.0%. The governing committee appears divided over what the next move should be. Some members of the committee had called for deeper cuts, but some for no cut at all. With no clear consensus…

FedEx (NYSE:FDX) blames trade war for major guidance cut

Analyst downgrades abound after package delivery group offers $11–$13 EPS guidance for FY 2020 Stifel, Deutsche Bank, BMO Capital, KeyBanc, Morgan Stanley and Goldman all lower ratings or price targets $3.05 EPS for fiscal Q1 misses by 11 cents, revenue in-line Shares plummet (-12.94%), down 7% year-to-date There was a flurry of analyst downgrades for FedEx (NYSE:FDX) on…

MasterCard group to partner with R3 to improve cross-border payments

Blockchain advocates unite and celebrate, too! MasterCard has seen the “blockchain” light and will strive to improve cross-border payments with leaders in the crypto industry. As Coinspeaker reported: “Mastercard and fintech firm R3 have entered a partnership to develop a solution that will enable cross-border payments which include localized payments and interbank settlements and clearing of payment obligations.…

Fed – non event offers cheap hedges

Fed delivered far from THE shocker. Markets traded down initially, but not by much, and decided later to reverse and close practically unchanged. What a non-event, at least for now. The SPX trades close to all time high levels, but there is no confidence for a breakout yet. We would need a strong close above the 3030 area…

The UK — inflation data surprises to the downside

The rate of inflation in UK prices was less than forecast despite the pressures of full employment, rising wages and a devaluing currency. Equity and forex markets take the news in their stride, but Brexit uncertainty still looms over the UK economy. Governor of Bank of England, Mark Carney will take the news as a positive as it…

Binance.US hits state regulatory hurdles in U.S. – 13 states to be blocked

It sounded a bit too good to be true that Binance, the world’s largest crypto exchange, was pushing hard to launch its US subsidiary, Binance.US, in order to accommodate its US clients that had recently been denied trading status, due to regulatory concerns. It had just begun its KYC registration process and was taking deposits this week, when…

Hedges (should) Cost Money

We have had some big moves in oil, yields, gold and other assets, but general equity indices have stayed extremely calm. Equity sectors have moved (momentum space, oil names etc) but overall index levels have remained stuck doing nothing. Next event is the Fed. Market is pricing a cut of 25 bps, but it is rather many of…