Author: FX

Silver (XAG/USD) trades around $72.05 on Wednesday at the time of writing, up 0.70% on the day. The white metal extends its bullish momentum for a fourth straight day and reached a fresh all-time high at $72.71 earlier in the day, highlighting sustained investor appetite for precious metals.Expectations of an accommodative monetary policy from the Federal Reserve (Fed) remain a key driver. According to the CME FedWatch tool, markets see more than a 70% chance of cumulative interest rate cuts of at least 50 basis points by 2026. These expectations contrast with the Fed’s official projections, as the latest dot…

West Texas Intermediate (WTI) Crude Oil trades little changed on Wednesday as markets slip into holiday mode, with prices hovering near two-week highs amid thin liquidity. The US benchmark remains underpinned by rising tensions between the United States and Venezuela, which have added a modest geopolitical risk premium. At the time of writing, WTI is trading around $58.33 per barrel, pausing after a three-day advance.From a technical perspective, the daily chart points to a modest recovery in WTI, with prices reclaiming the 21-day Simple Moving Average (SMA) near $58.04. Buyers re-emerged last week after prices revisited the psychological $55 level,…

There were 214,000 Initial Jobless Claims in the week ending December 20, a decrease of 10,000 from the previous week’s unrevised level, the US Department of Labor (DOL) reported on Wednesday. This reading came in better than the market expectation of 223,000.In this period, the 4-week moving average declined by 750 to 216,750.”The advance number for seasonally adjusted insured unemployment during the week ending December 13 was 1,923,000, an increase of 38,000 from the previous week’s revised level,” the DOL noted in its press release.Market reactionThe US Dollar Index showed no immediate reaction to this report and was last seen…

Prior week 224K revised to 224KThe 4-week moving average was 216,750, a decrease of 750 from the previous week’s unrevised average of 217,500Continuing claims 1.923M vs 1.900 estimate. Prior week 1.897M revised to 1.885MThe 4-week moving average was 1,893,750, a decrease of 5,250 from the previous week’s revised average. The previous week’s average was revised down by 3,000 from 1,902,000 to 1,899,000. Initial jobless claims track the weekly number of Americans filing for unemployment benefits for the first time and are one of the most timely indicators of U.S. labor-market health and overall economic momentum. Rising claims can signal increasing…

With 2025 winding down and the holiday season upon us, it’s time for forex traders to close out the year properly. But wrapping up your trading year isn’t just about tallying profits or losses. It’s about setting yourself up for sustainable success in 2026. After another eventful year in the currency markets, you owe it to yourself to reflect, reset, and recharge. Here are four essential steps to wrap up 2025 the right way: 1. Reduce Your Risk Exposure (Or Close Shop Entirely) The last week of December is typically one of the quietest periods in forex trading. Major financial…

EUR/GBP trades in negative territory around 0.8725 on Wednesday at the time of writing, extending a sequence of declines that began earlier in the week. The pair remains under pressure as the Pound Sterling (GBP) benefits from the Bank of England’s (BoE) relatively hawkish communication. At the same time, the Euro (EUR) limits the downside from the perception that the European Central Bank’s (ECB) easing cycle is approaching its end.The Pound Sterling appreciates after the BoE delivered a widely expected 25-basis-point cut to its benchmark interest rate, bringing it to 3.75% at its latest meeting. This marks the first reduction…

I spoke about this issue back in November already here: Here’s another reason why the AI trade might need a bit of rethinkingSo, is 2026 going to be the year where that narrative takes over markets and we all have to redefine what it means to be in the AI trade?Perhaps so. In reading the backdrop to the linked article above, it is clear that the real bottleneck and limitation to the development of AI isn’t coding or silicon. It’s all about electrical power and the physical capacity to access it.In repeating the quote from Microsoft CEO, Satya Nadella:”The biggest…

If you are taking prop trading challenges, you are not only trading the market. You are also trading the prop firm’s rules, technology, and support quality.Two fresh examples show why this matters:If you want the original reporting, here are the two Finance Magnates articles:Below is a newbie-friendly guide to protect yourself from the 2 biggest non-market risks in prop trading: platform failures and rule surprises.First, a quick glossary (so the rest makes sense)Challenge / evaluation: The paid phase where you must hit profit targets while obeying risk rules.Funded account: The phase after passing the evaluation (some firms call it funded,…

I don’t want to sound mean-spirited but there is a lesson here that’s worth highlighting.If you’ve listened to Cathie Wood extensively — and I certainly have — then you know what I’m talking about. She’s certainly not stupid but probably won’t strike you as the kind of person that should be running what was once the world’s largest actively-managed ETF and currently hold more than $7 billion.Last week’s example is particularly cringe-worthy as her ARK Innovation ETF invests in technology and she’s supposedly a thought-leader in what’s coming next.In short, she fell for some badly-generated AI slop on her twitter…

The Pound Sterling (GBP) revisits the three-month high around 1.3535 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair trades firmly as the Greenback underperforms, with unexpectedly stronger flash United States (US) Q3 Gross Domestic Product (GDP) data failing to diminish Federal Reserve (Fed) dovish expectations.During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, posts a fresh 11-week low near 97.75.The US Bureau of Economic Analysis (BEA) reported on Tuesday that the economy grew by 4.3% compared to the same quarter of the previous year,…