Author: FX

The S&P 500 continues to fluctuate following last week’s rally – what’s next? The S&P 500 Index closed 0.07% lower on Tuesday, essentially moving sideways after Monday’s pullback. The market remains mixed as investors digest recent tariff-related news and economic data. Today, the index is set to open 0.2% higher, according to futures contracts. The S&P 500 remains relatively close to Friday’s new record high of 6,284.65. Investor sentiment has improved, as reflected in last Wednesday’s AAII Investor Sentiment Survey, which reported that 45.0% of individual investors are bullish, while 33.1% are bearish. The index is trading above the 6,200…

XAG/USD drops below $36.50, marking its third straight daily decline as the US Dollar and yields firm up.Silver remains stuck between $35.50 and $37.30, inside a broader rising channel since April.The 21-day EMA acts as a dynamic support, but a break below could expose $34.50, then $33.50.Silver (XAG/USD) is trading near $36.40 on Wednesday, marking its third consecutive daily decline, as a stronger US Dollar and rising US Treasury yields continue to pressure precious metals. The metal is easing slightly on the day after failing to build on its modest overnight rebound, but remains within a tight consolidation range, just…

SMCI Elliott Wave technical analysis – Daily chart Function: Counter trend. Mode: Corrective. Structure: Flat. Position: Wave v of C. Direction: Upward toward wave v. Details: A major pullback has been ongoing since early this year. The current move suggests an upward push to finalize the correction. On the daily chart, SuperMicro Computers Inc. (SMCI) is in the last stage of a corrective flat pattern that began at the start of 2025. The stock is currently advancing through wave v of C, indicating that the countertrend structure is nearly complete. This upward move is expected to form the final leg…

Back in 1969 when my buddies and I were still vibing to The Beatles’ Hey Jude, management trainer, Martin Broadwell, talked about the “four levels of teaching” to describe the work that needs to be done to learn a skill. Broadwell discussed teaching, but his ideas about competence levels became popular in psychology and self-development circles. What are these “levels of competence” and can they be applied to your forex trading journey? Stage 1: Unconscious incompetence It may sound like a fancy insult, but this just means that you don’t know yet how unknowledgeable you are about the subject. You’ve probably heard…

FXPrimus, a leading global brokerage, proudly announces the launch of Synthetic Indices; instruments designed for traders who want uninterrupted market activity. They offer engineered volatility and a clean, structured high performance trading environment.Unlike traditional assets affected by news events, economic reports, or geopolitical shifts, Synthetic Indices simulate real-market price behaviors using robust, mathematically modeled random number generation, creating an always-available, internally consistent trading experience.“Our Synthetic Indices were created for serious traders looking to break away from unpredictable external events and focus entirely on their strategy and execution,” said the Chairman of FXPrimus, Mr. Costas Georgiades. “This launch is part of…

GBP/USD depreciates as the US Dollar gains ground amid increased risk sentiment.President Trump is preparing to announce a 50% tariff on imported copper and a 200% tariff on pharmaceutical imports.The UK Office for Budget Responsibility warned that public finances are on an unsustainable long-term trajectory.GBP/USD extends its losing streak, trading around 1.3580 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground amid increased risk aversion. On Tuesday, US President Donald Trump told reporters at a White House cabinet meeting to impose a 50% tariff on Copper imports but he did not say when…

NZD/CAD can’t seem to crack fresh lows as it tests a technical support area. Will this lead to a bounce higher for the pair? We’re keeping a close eye on the 4-hour chart for clues! NZD/CAD 4-hour Forex Chart by TradingView The New Zealand dollar got a bit of love earlier today after the Reserve Bank of New Zealand (RBNZ) held rates steady, catching a few traders off guard who were looking for a cut. Over in Canada, the Loonie is not getting much juice from rising oil prices, with traders more focused on U.S. tariff headlines and speculations that…

Gold prices fell in Saudi Arabia on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 397.05 Saudi Riyals (SAR) per gram, down compared with the SAR 398.11 it cost on Tuesday. The price for Gold decreased to SAR 4,631.14 per tola from SAR 4,643.51 per tola a day earlier. Unit measure Gold Price in SAR 1 Gram 397.05 10 Grams 3,970.51 Tola 4,631.14 Troy Ounce 12,350.08 FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken…

As expected, the Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged at 3.25% in their July meeting. The Monetary Policy Committee reached consensus to hold rates steady after deliberating between a 25 basis point cut to 3.0% and maintaining the current level, reflecting central bank’s cautious approach amid heightened global policy uncertainty. Key Takeaways: RBNZ kept OCR on hold at 3.25% – Committee chose patience over immediate action, marking a pause in their easing cycle Inflation trajectory unchanged – Annual CPI expected to rise toward the top of the 1-3% target band in mid-2025 before returning to around…

The spotlight remained fixed on tariffs headlines for the most part of the day, as Trump later on suggested targeting semiconductors and pharmaceutical imports next. Meanwhile, the Australian dollar chalked up some decent moves of its own after the RBA announced a surprise policy decision. Here are headlines you may have missed in the last trading sessions! Headlines: Japan Bank Lending for June 2025: 2.8% y/y (2.4% y/y forecast; 2.4% y/y previous) Japan Current Account for May 2025: 3,436.4B (3,000.0B forecast; 2,258.0B previous) Japanese Finance Minister Kato clarified that there have been no FX rate discussions with U.S. Treasury Secretary…