Crude oil futures is settling at $65.11. That is down $0.41 or -0.63%.
Looking at the hourly chart, the price has been trading in a consolidated range since July 24 below the 50% midpoint of the move up from the May low at $66.33. On the downside the low price has been around $64 since that same date. The price is also closing just below the 100 hour moving average at $65.24.
This article was written by Greg Michalowski at www.forexlive.com.
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Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), edged lower to 2% in June from 2.1% in May, Destatis’ flash estimate showed on Monday.
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The UK Financial Conduct Authority (FCA) has expanded
its recently launched ‘My FCA’ portal to allow regulated firms to manage
invoices and credit tasks from a single access point. The move is part of the regulator’s ongoing effort to
streamline operations and reduce the administrative burden on firms.
No More Switching Between Platforms
Starting today (Monday), firms authorized and
registered with the FCA can complete Online Invoicing System (OIS) tasks
directly through the My FCA portal. The FCA will reportedly notify firms via
email when an invoicing task is due. Annual fee invoices will still be issued
between July and September, with no changes to the timing.
Previously, firms needed to use up to three different
platforms—Connect, RegData, and the standalone invoicing system—to meet
reporting and payment obligations. The integration into My FCA reportedly removes that
complexity.
Read more: FCA Sees Progress in Smaller Firms; Are CFDs Coming Under the Radar of High-Risk Investments?
“From today, registered and authorised firms can
action their invoices and credit tasks via My FCA,” the regulator wrote in a Monday
post. “Firms will receive emails to let them know when an
Online Invoicing System (OIS) task is due in My FCA.” It added: “There will be no change to the timing of annual fee
invoices. They will be issued to firms between July and September.”
According to the watchdog, firms registered for
multi-factor authentication can now sign in to My FCA using the same
credentials they use for existing systems. This means users will no longer have
to juggle multiple passwords or interfaces when handling their regulatory
responsibilities.
Part of a Wider Digital Overhaul
The update is part of the Transforming Data Collection
programme, a joint project between the FCA and the Bank of England that aims to improve the way regulatory data is collected and used.
In March, the FCA launched the My FCA portal as a
one-stop shop for firms to handle regulatory reporting and fee payments. From
31 March 2025, the portal is expected to become the main access point for all
key reporting and compliance tasks.
The new system aims to improve efficiency and
usability for firms. By centralizing tasks that were previously spread across
different systems, the FCA aims to make regulatory compliance more manageable.
This article was written by Jared Kirui at www.financemagnates.com.
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![AMZN Elliott Wave technical analysis [Video]](https://i0.wp.com/mmfx.vvip-members.com/wp-content/uploads/2025/06/amzn-elliott-wave-technical-analysis-video.png?resize=400%2C250&ssl=1)
Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave (v) of {i}.
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ECB’s Lagarde:
This article was written by Greg Michalowski at www.forexlive.com.
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White House NEC Director Hassett:
This article was written by Greg Michalowski at www.forexlive.com.
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The British Pound (GBP) weakens against the US Dollar (USD) on Monday as mixed UK economic data weighs on the Sterling despite a generally subdued Greenback.
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Tens of thousands on a conference call?
I’ll get right on it…
Zoom next time.
AT&T shares moved lower on the headline but have since bounced back to where it was as investors figure it’s probably good news not to be in responsible for a tens of thousands conference call.
This article was written by Greg Michalowski at www.forexlive.com.
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The cooling of the Australian economy and the RBA’s monetary expansion have not discouraged AUDUSD bulls. They have taken advantage of the global process of capital repatriation. Let’s discuss these topics and develop a trading plan. Major Takeaways The RBA will cut rates in July and twice more in 2025. China’s economy may slow to 3.5%. Investors are divesting from US assets. Long trades can be considered if the AUDUSD pair breaks through 0.6565. Weekly Fundamental Forecast for Australian Dollar When the system malfunctions, it is unreasonable to expect the established rules to remain effective. The recent changes to the… Read full author’s opinion and review in blog of #LiteFinance
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Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.1450 with a target of 1.2050 – 1.2400. A buy signal: the price holds above 1.1450. Stop Loss: below 1.1380, Take Profit: 1.2050 – 1.2400. Alternative scenario: Breakout and consolidation below the level of 1.1450 will allow the pair to continue declining to the levels of 1.1210 – 1.1060. A sell signal: the level of 1.1450 is broken to the downside. Stop Loss: above 1.1520, Take Profit: 1.1210 – 1.1060. Main Scenario Consider long positions from corrections above the level of 1.1450 with a target of 1.2050… Read full author’s opinion and review in blog of #LiteFinance
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The USDCAD extended its decline today, pushing to new session lows and retesting the key support level at 1.3617—the low from last week. The downside momentum gathered pace after the pair failed to hold above the 100- and 200-hour moving averages earlier in the day, where sellers reasserted control and capped upside attempts.
The move comes as fresh optimism surrounds the prospect of a renewed U.S.–Canada trade deal following Canada’s decision to withdraw its proposed Digital Services Tax. The removal of this tax—previously a key source of tension—has opened the door for resumed trade discussions, helping boost sentiment around the Canadian dollar and applying downward pressure to USDCAD.
Technically, the 1.3617 level is providing initial support. A break below this area would increase bearish momentum, exposing the next downside targets at 1.3591 and then the 2025 low at 1.3539 (also the lowest level since October 2024). On the topside, immediate resistance comes in at 1.3651—the high of the broken swing area. Beyond that, the 50% midpoint of the June range at 1.3668 will be eyed.
Key support levels:
1.3617 – Last week’s low (first support)
1.3591 – Minor swing level
1.3539 – 2025 low and lowest level since October 2024
Key resistance levels:
1.3651 – Swing area high
1.3668 – 50% retracement of June range
1.3686 – 100-hour moving average
1.3703 – 200 hour moving average
The bias remains tilted to the downside while below resistance. A break of 1.3617 would shift the focus toward the yearly low. Reclaiming 1.3668 would ease some of the immediate bearish pressure.
This article was written by Greg Michalowski at www.forexlive.com.
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Member of Iran’s National Security Committe:
Israels PM Netanyahu is to visit Washington to meet with US Pres. Trump as early as next week. I’m not so sure that peace in the Middle East between Iran and Israel is secure.
This article was written by Greg Michalowski at www.forexlive.com.
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