Award-winning prop trading firm Ultimate Traders presents trading challenges that sharpen traders’ skills from beginner to expert levels. How do the best performers achieve their track record? The answer lies in maintaining the mindset of a champion during the ups and downs and fast-changing circumstances in the markets. Prop trading calls for more than one-off … Read more
Atlanta Fed Pres. Rafael Bostic is speaking and says: Outlook is for the economy to continue slowing, but also expect real uncertainty about what that means for jobs and inflation Firms still in wait and see pattern around employment Likely to be upward pressure on prices for six to 12 months, that puts pressure on … Read more
Commerce Sec. Lutnick is saying; Expects the China deadline to be extended another 90 days (the initial deal was set to expire on August 12) Reiterates that Trump will not charge tech companies a tariff on semiconductors if they are manufactured in the US. The US expects 50 billion a month in tariff revenue. (earlier … Read more
Not too much else has changed in terms of key developments since May Consumption growth has been weaker and that feeds into growth projections When speaking to businesses, I sense that they are delaying investment decisions Does not want to comment on what is happening with the US with regards to Trump and Powell I … Read more
Prior 4.25% Bank rate vote [cut-unchanged-hike] 5-4-0 vs 7-2-0 expected after second round of voting Greene, Lombardelli, Mann, Pill voted to keep bank rate unchanged Taylor voted to cut bank rate by 50 bps in first round but changed to 25 bps in second round to avoid hold It is the first time ever that … Read more
US futures are pushing higher on the day, with S&P 500 futures now up 0.8%. At the start of the session, the gains were only hovering around 0.2%. Tech shares continue to lead the charge, with the ever present rally continuing to be one that is mostly AI driven. So even with the threat of … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
The latest data shows that China’s gold reserves at the end of July were at 73.96 million ounces, up from 73.90 million ounces at the end of June. In value terms, the reserves at the end of July amount to $243.99 billion compared to $242.93 billion at the end of June. Among other factors, this … Read more
The greenback is down across the board to start the session, finding little relief as Trump’s reciprocal tariffs come into effect. For the dollar, the main thing now is all about US economic data and the Fed outlook. The dismal US labour market report on Friday last week is setting the tone now for Q3, … Read more
Prior 0.0%; revised to +0.1% UK house prices nudged higher in July, with the average property price now seen at £298,237. The annual growth rate stands at 2.4%, moderating a little from 2.7% in June. Still, the July monthly jump in prices is the biggest since the start of the year. Halifax notes that: “While … Read more
