The euro strengthens against the US dollar as the dollar index hits a low since October.
BTCUSD shows a bullish reversal after forming a double bottom on the H1 chart, facing resistance at 82K.
President Trump vowed to return with the votes required to pass the bills.
US President Donald Trump has announced a 25% increase in
tariffs on Canadian steel and aluminium, bringing the total duty to 50%. The
decision has affected currency markets, with the euro strengthening against the
US dollar.
The tariff increase has added to concerns over global trade
stability. Analysts note that rising US protectionism could lead to
inflationary pressures. A weaker dollar often drives demand for alternative
assets, including Bitcoin, which some investors see as a hedge against currency
instability.
Dollar Weakens, Alternative Investments Gain
Following the announcement, the euro rose 0.7% against the
dollar, reaching $1.091. The dollar index, which measures the US currency
against others, has fallen to its lowest level since October. Traders are
adjusting portfolios, with some shifting investments toward European assets. Market
participants expect further volatility as they assess the long-term effects of
the new tariffs on trade and economic trends.
BTCUSD, H1 Chart, Source: TradingView
BTCUSD Technical Analysis
The BTCUSD H1 chart indicates a downtrend, with the price
following a bearish trend line for the past several days. However, today’s
price action has shown a bullish reversal so far. The chart formed a double
bottom pattern, which triggered a move upward towards higher levels.
The 82000 mark has acted as a key intraday resistance level.
After the formation of three consecutive bearish candles, a bullish engulfing
candle appeared at the 79650 level, signalling potential buying interest.
Despite this bullish move, the bearish trend line is still
in play and may present significant resistance, preventing the upward momentum
from continuing easily on the intraday charts. The bulls may face difficulties
overcoming this barrier without further consolidation or a breakout above the
trend line.
In the base case, Bitcoin is projected to range between
$100,000 and $150,000. In a more optimistic scenario, it could reach $350,000,
while a less likely black swan event could push it to $500,000. These forecasts
rely on expected growth in institutional adoption and broader blockchain
integration, though they come with notable uncertainty and volatility.
US President Donald Trump has announced a 25% increase in
tariffs on Canadian steel and aluminium, bringing the total duty to 50%. The
decision has affected currency markets, with the euro strengthening against the
US dollar.
The tariff increase has added to concerns over global trade
stability. Analysts note that rising US protectionism could lead to
inflationary pressures. A weaker dollar often drives demand for alternative
assets, including Bitcoin, which some investors see as a hedge against currency
instability.
Dollar Weakens, Alternative Investments Gain
Following the announcement, the euro rose 0.7% against the
dollar, reaching $1.091. The dollar index, which measures the US currency
against others, has fallen to its lowest level since October. Traders are
adjusting portfolios, with some shifting investments toward European assets. Market
participants expect further volatility as they assess the long-term effects of
the new tariffs on trade and economic trends.
BTCUSD, H1 Chart, Source: TradingView
BTCUSD Technical Analysis
The BTCUSD H1 chart indicates a downtrend, with the price
following a bearish trend line for the past several days. However, today’s
price action has shown a bullish reversal so far. The chart formed a double
bottom pattern, which triggered a move upward towards higher levels.
The 82000 mark has acted as a key intraday resistance level.
After the formation of three consecutive bearish candles, a bullish engulfing
candle appeared at the 79650 level, signalling potential buying interest.
Despite this bullish move, the bearish trend line is still
in play and may present significant resistance, preventing the upward momentum
from continuing easily on the intraday charts. The bulls may face difficulties
overcoming this barrier without further consolidation or a breakout above the
trend line.
In the base case, Bitcoin is projected to range between
$100,000 and $150,000. In a more optimistic scenario, it could reach $350,000,
while a less likely black swan event could push it to $500,000. These forecasts
rely on expected growth in institutional adoption and broader blockchain
integration, though they come with notable uncertainty and volatility.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Can Your Platform Launch Prediction Markets? A CFTC Compliance Checklist
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
