40 million paid out between both brands to traders 🤯 wow
Giveaway to celebrate?
RT this -> follow
@InstantFunding_ & @FundedTradingP
Comment when done (will verify)
3x $100k’s given away on Wednesday next week
@grok remind me, verify, pick 3 winners next Wednesday 5pm BST
US core PCE rose 0.25% in July and 3.34% Y/Y, unchanged from June and in line with expectations. On a three and six-month annualised basis the core was 3% and 3.5%
BEA Q2 GDP & July PCE breakdown:
📉 GDP: +1.5% (decelerating)
📈 Core PCE: 3.6% (revised UP)
⚠️ Savings Rate: 3.0%
Market reaction:
➡️ US10Y Yields ⬆️
➡️ USD ⬆️
➡️ Gold / Equities ⬇️
Stagflation narrative back on the table. Fed is stuck between a rock and a hard place.
Just flipped and won a $5,000 1-Step Pro account from @FundingTraders 🪙
385 funded accounts are being given away, 55 every day for 7 days. One free flip per trader, per day.
https://t.co/rv1Oxn6DN4 #FundingTraders#PropFirm
USD: High-Risk Chop, Skipping Direct Bets
USD Outlook: No clean play on the Dollar. DXY is sitting at support and locally oversold (-2.5% on the month, lower end of the range).
Upcoming Catalysts: Binary risks ahead (PCE on Wednesday, Walsh on Friday). If a "pause" is confirmed, downside continuation remains a real threat.
Execution Strategy: Too many conflicting scenarios in one window. Skipping direct DXY and major pair positions; re-evaluating after Jackson Hole.
Base Case: Technologically, testing new lows is the primary scenario, but trading it right now isn't worth the risk-reward.
Crosses: The Two Cleanest FX Narratives
Focusing on setups that bypass USD noise. The two cleanest themes are JPY Weakness (carry trades, dovish BoJ, fiscal background; intervention only slows the trend) and CAD Strength (solid fundamentals + temporary oversold conditions from tariff fears).
CADJPY Long (Priority): Merges both narratives into a single trade: strongest currency vs. weakest, zero USD noise.
EURCAD Short: Secondary play on CAD strength; EUR remains neutral and won't hinder the move.
GBPJPY Long: Alternative play on JPY weakness; GBP is strong but carries its own risks, making it second tier.
Metals:
Buy the Dips
Market Drivers: A fresh, confirmed macro trend backed by institutional flows, central bank buying, and debt concerns.
Game Plan: Keep it simple don't chase price. Wait for setups (pullbacks to support or retests of breakouts) to enter.
Jackson Hole Risk: A hawkish surprise won't break the macro structure; any dip just presents a better entry point. Silver acts as a higher-beta play on the same thesis.
Indices: Prioritizing Europe Over US Tech
Broad View: Overall trend remains bullish, but the upcoming week looks mixed especially in the US.
US Tech Weakness: Tech shows signs of fatigue (NVDA down -9% from ATH, Nasdaq lagging broad market). NVIDIA's earnings on Wednesday could trigger volatility in either direction.
European Strength: Europe looks healthier with less exposure to the AI cycle and fewer event risks this week.
Strategy: Prioritize long European indices at confirmed levels. Keep US indices secondary until tech proves itself; a strong NVIDIA report could be the catalyst to put US back in focus.
Closing out the week in full profit!
Knocked down TP on $EURUSD right before the weekend.
Entered after a clean SMT divergence with $GBPUSD, targeting PDL and the -fvgD.
Time to secure the gains and enjoy the weekend!