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The Eurozone’s industrial confidence was recorded at -8.2 in October, surpassing expectations of -10. The European Central Bank is likely to maintain the interest rates at 2.15%, 2.4%, and 2% for the third consecutive meeting.
There is an observed recovery in the crypto market following the Trump-Xi meeting in South Korea, which reduced trade barriers. This led to Bitcoin, Ethereum, and XRP increasing by nearly 1%.
Bittensor Tao Continues To Rise
Bittensor (TAO) continues its upward trend for the sixth day, aiming for $450. Deutsche Digital Assets and Safello plan to release a staked TAO Exchange Traded Product (STAO) on the SIX Swiss Exchange in November.
The article discusses various brokers expected to be top choices in 2025, covering different aspects such as low spreads and high leverage. It also provides insights on brokers in specific regions and platforms.
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The better-than-expected Eurozone industrial confidence suggests some underlying resilience, even with the headline number remaining negative. With the European Central Bank holding rates steady at 2.15%, we see this reinforcing stability and potentially capping the upside for the Euro in the short term. Derivative traders should consider that this environment of steady policy and slightly better data might keep EUR/USD range-bound, making strategies that profit from low volatility, like selling strangles, attractive.
Easing Of Trade Tensions Affects The Market
The easing of trade tensions is a clear risk-on signal that is suppressing market fear. We have seen this reflected in the CBOE Volatility Index (VIX), which has fallen below 15 for the first time in three months. This environment supports long positions in equity index futures, but traders should remain cautious and could look at buying cheap, out-of-the-money puts to hedge against a sudden sentiment reversal.
This improved risk appetite is helping the broader crypto market, with Bitcoin and Ethereum showing renewed strength. Open interest in Bitcoin futures has climbed back over $18 billion this week, a level not seen since August, indicating that institutional capital is returning. This suggests that using call options to gain long exposure could be a capital-efficient way to capture further upside in the coming weeks.
The upcoming launch of a staked TAO Exchange Traded Product in November is a major catalyst driving its price toward $450. We expect implied volatility for TAO derivatives to increase significantly as the event approaches, presenting an opportunity for those willing to take on risk. However, we remember the sharp volatility surges in early 2024, and traders should be prepared for a potential “sell the news” reaction post-launch.
