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The USDJPY peaked earlier today near a key swing area between 147.01 and 147.338 and has since rotated lower, signaling potential exhaustion from buyers. The failed push higher highlights resistance and puts focus on support levels below.
The next key target lies within the 145.92 to 146.26 zone — a swing area that includes the 61.8% retracement of the move down from the June high at 145.978. This lower zone will be closely watched for buyer interest.
A break below this support area would tilt control back to the sellers, exposing further downside targets at 145.347, followed by the 100-bar moving average on the 4-hour chart at 145.02.
Key levels:
Resistance high (today): Near swing area between 147.0 1M14 7.33
Support zone: 145.92–146.26
61.8% retracement: 145.978 (within the support zone)
Next support below: 145.347 (50%) and 100-bar MA (4H) at 145.02
This article was written by Greg Michalowski at www.forexlive.com.
📈 Sector Overview: Technology and Communication Lead the Charge
The US stock market is showcasing a vibrant landscape today, driven by substantial gains in the technology and communication services sectors. On today’s heatmap, Microsoft (MSFT) boasts a robust 1.51% increase, while Broadcom (AVGO) and Nvidia (NVDA) spike by 1.64% and 1.86%, respectively, underscoring the tech sector’s positive momentum.
Contrastingly, semiconductor giant Intel (INTC) sees a notable decline of 1.65%, reflecting some undertaking of profit-taking or sector-specific pressures.
In the realm of communication services, Google (GOOGL) leaps by an impressive 2.36%, and Meta Platforms (META) rises by 1.59%, fueling overall sector gains.
📉 Market Mood and Trends: Uneven Terrain with Pockets of Optimism
The market sentiment today is a mix of bullish enthusiasm within tech and communication, with investors welcoming the optimism from industrial gains as Boeing (BA) surges by a remarkable 2.58%. However, the consumer electronic space presents a more conservative picture, with Apple (AAPL) slightly down by 0.14%.
The mixed performance in sectors like consumer defensive, where Walmart (WMT) edges up only by 0.15%, suggests a cautious approach among investors awaiting stronger macroeconomic indicators.
🏦 Strategic Recommendations: Navigating the Current Market Dynamics
For traders looking to capitalize on today’s trends, the technology and communication services sectors present ripe opportunities. Stocks like Microsoft (MSFT) and Nvidia (NVDA) could continue their upward trajectory if current sentiments persist, making them attractive for short- to medium-term strategies.
Investors should remain vigilant about the semiconductor industry’s nuanced landscape, particularly Intel’s recent dip, possibly driven by external supply chain challenges or competitive pressures.
Adopting a diversified portfolio that includes strong industrial players like Boeing (BA), alongside selective tech and communication stocks, may help mitigate risks associated with current market volatility. As always, ensure to align your trading strategies with real-time market analyses and insights from ForexLive.com to stay ahead of developing market dynamics.
This article was written by Itai Levitan at www.forexlive.com.
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 a larger transformation at FXPrimus; one that reflects our deep commitment to innovation, trader empowerment, and long-term sustainability in an industry that often sacrifices depth for speed. We believe these new instruments offer the flexibility, control, and volatility needed for today’s traders to thrive on their own terms.”
A New Asset Class for a New Kind of Trader
Running 24/7 and available on MT5, FXPrimus Synthetic Indices are designed to replicate price movements based on randomly generated statistical behavior models, independent of real-world markets. This makes them ideal for traders with high-risk appetites who value non-stop volatility without macroeconomic noise. By eliminating the influence of earnings announcements, central bank decisions, and geopolitical instability, FXPrimus gives traders full visibility and a consistent market rhythm.
The Synthetics Suite
The full FXPrimus Synthetic Indices offering includes four distinct series, each tailored to a specific trading preference:
· Smash & Boost (500 / 800 / 1000)
These directional indices generate sharp upward (Boost) or downward (Smash) price movements on average every 500, 800, or 1000 ticks making them ideal for momentum traders and breakout strategies.
· Dynamic (25 / 50 / 75 / 100)
Emulating real-market volatility with one-second tick intervals, this series provides four levels of controlled intensity. Dynamic Indices are perfect for backtesting setups, building consistency, and fine-tuning strategy.
· Pace (1 / 2 / 3 / 4 / 5)
With structured, step-based price movements in fixed increments, the Pace series supports traders who prefer rhythm and repetition. Especially effective for scalpers and system traders.
· Bounce (25 / 50 / 75)
Designed to simulate short bursts of high-speed movement, Bounce Indices deliver an average of about three explosive price jumps per hour, making it ideal for high-pressure decision-making and reflex-driven trades.
Each series is crafted to support a wide spectrum of technical trading styles, allowing for seamless portfolio diversification within the synthetic ecosystem.
More Than Just Another Launch – A Strategic Shift for FXPrimus
The release of Synthetic Indices is not an isolated product announcement but part of a broader wave of innovation at FXPrimus. In recent months, the broker has also launched:
· PrimoConnect, a proprietary social network for traders focused on collaboration, transparency, and community-driven insights.
· A fully redesigned website, modernizing the user experience and making education and platform navigation more intuitive.
· A streamlined client area, optimized for faster onboarding, better account management, and mobile responsiveness.
· A $100 welcome gift for all new clients.
Coming soon, FXPrimus will also roll out increased leverage up to 1:2000, expanding the firm’s flexibility for clients who demand more dynamic capital exposure.
“Innovation at FXPrimus is not just about launching products,” said Chairman Georgiades. “It’s about improving the entire trading experience. From execution speed to user interface, and now with new instruments like Synthetic Indices, we are creating a trading ecosystem where retail traders can access institutional-grade tools without compromise.”
Why Traders Are Taking Notice
FXPrimus Synthetic Indices are built with the same infrastructure standards that FXPrimus is known for: secure trading environments, fast execution, and full transparency. With high leverage options and competitive trading conditions, these indices represent a natural progression for traders looking to push their strategies further.
They are particularly well suited for:
· Independent traders looking for continuous price action
· Technical traders who rely on pattern and structure recognition
· Strategic testers who need repeatable conditions for optimization
· High-frequency and short-term traders seeking constant market access
Built for Traders Who Dare Challenge the Conventional
With Synthetic Indices, FXPrimus is empowering traders to escape external uncertainty and enter a world of controlled intensity. These markets don’t pause, and they don’t wait. They reward timing, discipline, and precision.
As part of its ongoing mission, FXPrimus will continue to invest in infrastructure, technology, and tools that can help traders evolve beyond reaction into trading mastery and financial independence.
Synthetic Indices Now Available for Trading on the Platform
Synthetic Indices are now available on FXPrimus through eligible accounts.
*T&Cs apply. Availability may vary by region and account type. These products are only available to clients under Primus Markets.
About FXPrimus
FXPrimus (https://fxprimus.com/) is an award-winning, global broker established in 2009. Trusted worldwide as a technology-driven leader, FXPrimus offers a comprehensive suite of trading instruments including Forex, Metals, Energies, Stocks, Cryptocurrencies, traditional Indices, and innovative Synthetic Indices on industry-leading trading platforms. With a steadfast commitment to transparency, client fund protection, and exceptional execution quality, FXPrimus provides tailored solutions designed to empower traders at every level, from beginners to professional high-frequency traders.
This article was written by FL Contributors at www.forexlive.com.
The private data anticipated a crude oil build near that level:. The other levels for gasoline and distillates were also close to the private data.
Crude oil is currently trading at $67.86, little changed from pre-release levels. From a technical standpoint, the price remains below the 200-day moving average, which sits at $68.37. Both yesterday and today, oil has traded on either side of this key level, but notably closed below it in the prior session.
A sustained close above the 200-day moving average would be needed to shift the technical bias more firmly in favor of the bulls. Until then, the upside remains technically limited.
This article was written by Greg Michalowski at www.forexlive.com.
A hint of the summer lull perhaps? It’s a rather dead session in European morning trade so far as FX is moving very slowly today. The changes are light across the board with the dollar keeping steadier. The most notable remains EUR/USD which is marginally lower but just holding above large option expiries at 1.1700 on the day.
In other markets, equities are gradually climbing with S&P 500 futures now up 0.16% on the day. The calmer mood is helping to lead European indices higher as well with both the DAX and CAC 40 up a little over 1%. Investors seem to be brushing aside much of the fears surrounding Trump’s latest tariffs threat for 1 August.
With a temporary “framework” agreement set for the EU, we’ll now have to see what will come from Trump’s other letters next. Here’s a reminder and catch up to the trade headlines:
This article was written by Justin Low at www.forexlive.com.
The weekly EIA inventory data will be released at the bottom of the hour. The private data released late yesterday showed a surprise build of 7.1 million barrels in crude oil. Gasoline stocks declined by -2.2 million barrels.
The estimates for today’s release:
Crude oil is trading down $0.46 or -0.67% at $67.87
This article was written by Greg Michalowski at www.forexlive.com.