November’s Wild Ride Is Coming...

get your weekly fix of 'PSL for traders' inside.

Author

BullRush
October 18, 2024

MARKET NEWS
(aka “Why We Can’t Have Nice Things”)

The first half of October 2024 has been all about central banks flexing their muscles. In the US, Jerome Powell’s slightly hawkish tone sent the US dollar soaring, crushing hopes for a deep rate cut this year. Although traders expected the Fed to cool off, Powell is playing it cautious, with only a 25 basis point cut likely in the near future. Meanwhile, US Treasury yields followed suit, ticking higher​.

Across the pond, the European Central Bank (ECB) is getting ready for its third rate cut of the year, as inflation stubbornly refuses to come down​.

China, not to be left out, injected a hefty trillion yuan stimulus into its economy to counter deflationary woes, a move that also buoyed global markets​.

On the metals front, gold just reached $2700/ounce today, an all-time-high. Making a nice come back from a sluggish start of the month.

And on the Crypto front, the market is buzzing with Bitcoin ETFs and altcoin developments like Avalanche’s 20% jump, thanks to network upgrades​.

In summary: the dollar’s still flexing, gold’s gold, and Bitcoin’s basking in the limelight. For traders, it’s a game of watching central banks closely and riding the crypto waves. Stay sharp friends.

Speaking of market waves…

Forget pumpkin spice – November's serving up Non-Farm shocks, US election buzz, and Black Friday madness. It's the month where the markets feast, and traders get the leftovers… or the jackpot!
If you are not ready to face market chaos IRL just yet, sharpen those skills with our upcoming competitions:

Thanksgiving Trade Off

For only $5 (or 500 promo creds) you can get into our turkey-trot for traders competition - the $3K Thanksgiving Trade-Off! Trade all month in Nov for a $3K prize feast.

Even more single-round and tournaments you can register for:

New Features: BullRush Challenges!

Ready for a new twist on trading? BullRush has just unleashed its brand-new Trading Challenges, and trust us—these aren’t your typical prop challenges. Forget competing against other traders, or waiting to get a funded account; it’s all about you vs. the market. The goal? Outmaneuver the charts, conquer the metrics, and pocket instant cash prizes. It’s like trading on hard mode, but way more fun!

So, how does it work? Easy:

🕹️ Pick a Challenge: Head to the Challenge Arena, browse options like the Basic Challenge (hit profit targets) or go big with the Double Up Challenge (double your reward—if you dare).

🏹 Hit “Start Challenge”: Choose your preferred challenge, pay with BullRush credits, and you’re in the game.

⏳ Watch the Clock: Once your first trade’s placed, the timer starts. You’ve got to be fast and strategic—time waits for no trader!

 📈 Trade Like a Pro: Follow the rules, manage drawdowns, and hit those targets. It’s just you, your strategy, and the market.

🏆 Claim Your Prize: Pass the challenge and enjoy your instant cash prize—no strings attached!

Think you’ve got what it takes? Jump in and start trading against the only opponent that matters—the market! 💥

🧠 Play Daily Trivia, Test Your Trading Knowledge, Earn Promo Credits! 🧠

Speaking of awesome new features…now you can sharpen your trading IQ with our Daily Trivia and score 25 promo credits every time you answer correctly! Rack up those credits to unlock exclusive competitions, challenges, and more. It’s fun, quick, and the perfect way to turn your smarts into trading perks. Ready to play? Log in to BullRush and find the daily trivia button. 🎯

TRADER HALL OF SHAME

Looks like Zeshann899 took a gold dive – quite literally! Our brave trader was swinging hard in the October Trader Trials Tournament, wrestling with XAUUSD like a pro.

But, in true plot-twist fashion, his equity dipped below the competition's max drawdown limit, and just like that, the bell rang on his 40K credit pool dreams. It was a valiant effort, but even the best fighters get knocked out sometimes. Chin up, Zeshann899 – the next competition’s always around the corner!

In all seriousness, the October Trader Trials Championship is running until the end of the month, so if you are one of the lucky few that made it into the championship round, make sure to go back in and TRADE!

Aside from being a hell of a good time, this tournament also gives out a ton of PROMO CREDITS that you can use to join some of our paid competitions!

Trading Tip(s) of the Week

Fed Fever and Nasdaq Maneuvers

The market’s got its crystal ball out, and it’s practically screaming: 95% chance the Fed’s slicing 25bps on November 7th. Now, before you start the rate-cut celebration dance, remember that any “surprise” remarks from Fed bigwigs could toss the markets into a spin cycle. The stakes? High. Volatility? Already buzzing. Historically, volatility loves company—especially traders looking to ride the wave. Keep an eye on Nas100; it’s set for fireworks with Tesla and IBM earnings on deck. That combo of earnings season hype and Fed drama? The perfect cocktail for a lucrative trading opportunity. Cheers!

Gold Rush Alert: XAUUSD Edition

Gold’s showing off and strutted past the $2,700 mark today like it owns the place. And you know what? It kind of does. With geopolitical tensions on the rise, XAUUSD is flexing its safe-haven muscles. History says Q4 is it's time to shine, especially when the world’s on edge (looking at you, Middle East). If things heat up further, gold could surge even higher. So, traders, polish your strategy—this shiny metal might just be the hedge you need to ride out the uncertainty.

And You Can Never Have Too Many Memes…

That’s it for the 4th edition of BullRush Insider! Like what you’re seeing? Share BR insiders for a chance to win free entries, promo credits and more.

Now, if you are ready to jump back into the action BullRush is calling your name. Your next big win could be one trade away!