The US treasury will auction off $58 billion of 3-year notes at the top of the hour. The auction results will be compared to the six-month averages of the major components. Those averages show:
This article was written by Greg Michalowski at www.forexlive.com.
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The USD/CAD pair edges higher to near 1.3670 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) after US President Donald Trump announced new tariffs set to go into effect on August 1 for some trading partners.
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FXPrimus has introduced a new suite of trading
instruments called Synthetic Indices, designed to run independently of global
events and offer continuous market exposure.
Targeting Technically-Focused and Short-Term Traders
According to the company, the launch is part of a
broader effort to attract technically focused and short-term traders. Available
on the MetaTrader 5 platform, the Synthetic Indices simulate real market price
behavior using mathematical models and random number generators.
Synthetic Indices Are Now Available!Welcome to Market 2.0!Built for traders who demand access to 24/7 engineered volatility and high-risk performance.This is not noise. This is code made tradeable.Start Trading Synthetics Today -> https://t.co/sZkgikZF7J pic.twitter.com/dnonxImf9s
— FXPrimus (@FXPrimusoffical) July 8, 2025
These instruments are not influenced by economic news,
central bank decisions, or geopolitical events, allowing traders to operate in
a consistent and structured trading environment.
“Our goal is to empower traders with instruments that reward skill over speculation,” the company noted. “Synthetic Indices provide a focused space where the trader’s edge matters more than breaking news.”
The Synthetic Indices trade around the clock and are
aimed at traders who rely on pattern recognition, structure, and technical
execution rather than fundamental catalysts.
You may also like: Rostro Group Names Oliver Ryan as Head of Trading Operations
The offering includes four main series, each targeting
a different trading preference. Each index features engineered volatility and
is intended to support both manual and automated strategies.
Part of a Broader Platform Expansion
The launch of Synthetic Indices follows several recent
developments at FXPrimus. The broker has also rolled out PrimoConnect, a
proprietary social trading network, along with a redesigned website and updated
client portal.
According to the company, increased leverage of up to
1:2000 is also planned. The firm noted that the Synthetic Indices form part
of a larger strategic shift focused on expanding the firm’s technology
infrastructure and trading tools.
FXPrimus added that the Synthetic Indices are
suited to independent and technical traders who prioritize uninterrupted price
action. They are available to eligible clients under Primus Markets and can be
traded on the MT5 platform.
The broker emphasized that these tools offer an
alternative to traditional markets, particularly for those who want to avoid
the unpredictability associated with news-driven price movements.
FXPrimus is not the only broker that has introduced synthetic
indices. TopFX also has similar instruments that allow trading around
the clock on the cTrader platform. These indices are generated by mathematical
models and do not react to news, economic data, or geopolitical events. TopFX described the new offering as aimed at traders who prefer consistent price behavior and technical strategies.
This article was written by Jared Kirui at www.financemagnates.com.
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As acquisition costs climb and trader loyalty becomes tougher to secure, savvy brokers are embracing prop not as a threat, but as an opportunity. What once seemed like a competing model is now proving to be a high-performance funnel—delivering lower CPAs, higher-quality leads, and stronger conversion metrics across the board.
The playbook is evolving. And the brokers adapting fastest are seeing the results. Here’s how.
Challenge buyers are warm leads, not window shoppers.
Most brokers spend heavily just to get a demo signup. But only 2–3% of those signups ever convert. Challenge buyers, on the other hand, commit upfront, and engage immediately.
They’re already active. Already qualified. Already committed.
And when the challenge ends, brokers have the opportunity to offer the next steps in their journey.
A prop funnel tells you exactly who your best traders are.
Running a prop challenge isn’t just about fees—it’s data. It’s performance. It’s getting to know your own clients.
With FPFX Tech, you know:
● Who’s trading
● What they are trading
● Where they are from
● How much they are spending
You’re not buying traffic—you’re watching your best leads emerge from inside your own funnel.
The economics just make more sense.
Acquiring a brokerage client through traditional paid media is expensive. You’re buying traffic that bounces, signs up, then goes cold.
With prop, you’re acquiring paid users—and then upselling them based on their needs.
And because FPFX Tech handles scaling the automation, dashboards, CRM, and platform integrations, the cost to operate is flat—while the ROI compounds.
Prop adds value across the client lifecycle.
When structured well, prop isn’t a one-time experience. It becomes a tiered, continuous funnel:
● Demo traders enter through contests or evaluations
● Mid-level traders build confidence in challenge accounts
● Top performers graduate to full brokerage accounts without the constraints of a prop funded account
With FPFX Tech’s end-to-end automation, the prop firm operations happen in one ecosystem—with your brand, your pricing, your terms.
You’re not building this from scratch.
This isn’t a theory. It’s a working model.
FPFX Tech powers the infrastructure behind leading prop firms, including many of the world’s largest and most successful brokerages.
For brokers, it’s a bolt-on acquisition engine that turns the cost center of lead generation into a potential self-funded entry-level offer.
Most brokers are still chasing leads through cold traffic and expensive media.
The smarter ones are engineering acquisition from the inside out. Prop isn’t a side product—it’s the front end of a modern brokerage funnel.
FPFX Tech gives you the tools to build it—with the infrastructure to scale it.
This article was written by FM Contributors at www.financemagnates.com.
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The White House said late Monday that US President Donald Trump has signed an executive order pushing the tariff implementation deadline from July to August 1, per Bloomberg.
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Auction Grade: C-
The tail was near the average but still above the WI level.. The Bid to cover was below average. The Domestic buyers were greater than the average but the international buyers were lower. The Dealers were less than average.
This article was written by Greg Michalowski at www.forexlive.com.
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While Donald Trump and Elon Musk are engaged in a dispute over the “Big, Beautiful Bill,” gold market participants are evaluating the potential risks. Will fiscal stimulus boost or hurt XAUUSD quotes? Let’s discuss this topic and make a trading plan. Major Takeaways A decline in risk appetite supported the XAUUSD. The Fed has not ruled out a rate cut in July. The price of the precious metal depends on US labor market data. Strong employment data will likely push gold towards $3,100. Weekly Fundamental Forecast for Gold If there were no conflict between the richest man in the world… Read full author’s opinion and review in blog of #LiteFinance
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The US Treasury to increase T-bill issuance. Specifically they will increase four, six, and eight week bills
They say that they do not expect to issue cash management bills. As a result of the debt ceiling increase, they will to increase cash balances to 500 billion by the end of July.
Pres. Trump has indicated that with the Fed not cutting rates, that it doesn’t make sense to issue long dated securities. I wonder if this is the start of that shift to that strategy?
Of course, the Fed doesn’t control longer term rates. They are market-driven.
If there is a more accommodative Fed chair, it doesn’t necessarily mean that the longer-term rates will come down with the shorter-term rates. Just saying.
The U.S. Treasury will sell:
This article was written by Greg Michalowski at www.forexlive.com.
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Iran foreign minister says Iran has always committed to peaceful nuclear program under UN monitoring.
The levels of trust are just not there from both sides it seems
This article was written by Greg Michalowski at www.forexlive.com.
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Yesterday when asked if there would be extensions to the August 1 tariffs he implied there could with negotiations.Today, he is saying that the tariffs will start to be paid on August 1 and that there would be no extensions granted. He also added that there will be no change to this date.
This article was written by Greg Michalowski at www.forexlive.com.
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Polish
online broker XTB is implementing stronger security protocols after a client
publicly claimed losing approximately 150,000 Polish zloty ($38,000) in what
appears to be a sophisticated hacking scheme that might have affected at least
a few investors across Central Europe.
XTB Faces Security
Scrutiny After Client Loses $38,000 in Alleged Hack
The
controversy erupted over the weekend when a five-year XTB client shared a detailed post on social media describing how hackers allegedly drained his
account through thousands
of rapid-fire trades on obscure financial instruments (including nano-caps
companies like Spruce Power). The client, who had built his portfolio to nearly
200,000 zlotys, discovered 75% of his funds had vanished in what he described as “programmed slaughter” of his holdings.
The alleged hacker’s method was particularly clever. Rather than attempting direct
withdrawals, which XTB restricts to verified customer bank accounts, the
attacker reportedly executed simultaneous buy-sell transactions on low-liquidity
securities. The victim’s account consistently lost money on each trade while
the hacker’s separate account profited from the other side of the transactions.
“Everything
was sold in minutes: even long-held stocks, ETFs, securities that hadn’t been
touched for years,” the client wrote in his viral post.
Should Clients Protect
Themselves, or Do Firms Share the Responsibility?
It is worth noting, the client had not enabled two-factor
authentication (2FA), which the broker introduced as an optional security
feature in September last year. However, the action prompted a swift response from the fintech. Hours after the client’s story
gained traction across local financial forums and media outlets, the broker announced plans to
enhance its two-factor authentication system and make it mandatory for all
users.
“Security
of XTB client funds is our highest priority,” said Adam Dubiel, Chief
Product & Technology Officer at XTB. “We have taken action in three
areas: further improvement and development of two-factor authentication
methods, mandatory securing of client accounts through 2FA, and active
communication and education in the field of security.”
The
controversy also boosted uncertainty around the company’s stock (WSE: XTB), which
fell more than 6% on Monday, testing the April lows and marking its
sharpest single-day decline of the year. On Tuesday, July 8, 2025, however, XTB
shares rebounded by nearly 3%, climbing back toward 72 zł.
Potential Security Gaps Exposed
The victim claims that when he contacted customer support, he allegedly received what he
described as a dismissive response: “I get calls like yours all day, every
day. Nothing can be done.”
According to the client, his complaints filed with XTB were rejected twice, with the company citing
terms of service that place responsibility for password security on the
customers.
“Different
passwords, different computers, different phones, different security measures.
One common denominator, XTB account and complete lack of platform
responsibility,” the client wrote.
FinanceMagnates.com
found several
stories on social media, including Facebook and X, from traders who
claim they were scammed in a similar way. The oldest example found dates
back to April
5 and involves a similar situation described by a Romanian trader.
The
alleged victim we spoke with stated that he would provide contact details for
other affected individuals but had not done so by the time of publication.
XTB Responds with Security
Overhaul
In response
to the mounting criticism, XTB announced several security enhancements.
Starting July 14, customers will be able to use Time-based One-Time Password
(TOTP) authentication through apps like Google Authenticator, moving beyond the
current SMS-based system.
“As a
leader in the investment industry, we are fully aware that cybersecurity issues
are among the greatest challenges in today’s financial world and affect the
entire financial sector,” XTB commented in a statement sent to FinanceMagnates.com. “As for the post on one of the online
forums, we are currently verifying the information presented there. At the same
time, we remind our clients that official complaint procedures are available.
Each case is analyzed individually based on applicable laws and our internal
procedures.”
The broker
revealed that only about 10% of its customers currently use two-factor
authentication. XTB plans to begin automatically enabling 2FA for existing
customers in the second half of July, with all new accounts requiring it by the
fourth quarter of 2025.
The company
also cited broader cybersecurity challenges facing financial technology firms,
noting that Poland recorded 103,449 unique security incidents in 2024, a 29%
increase from the previous year.
Industry Expert Weighs In
Michał
Masłowski, Vice President of the Poland’s Individual Investors Association,
emphasized that both financial institutions and clients must collaborate to
combat hacking attempts.
“Such ‘details’ as 2FA, double authentication using either SMS passwords or one-time
passwords from applications like Google Authenticator, are simply mandatory
when logging into any accounts where we have even small amounts,”
Masłowski said.
According
to Mateusz Samołyk from Inwestomat.eu, one of the individuals who helped bring
the case to public attention in Polish media, the broker should implement
several key safeguards:
Mandatory
two-factor authentication with no option for users to disable it and real-time
monitoring of suspicious activity, such as sudden spikes in trading volume, from
a few monthly trades to hundreds in rapid succession. New device
and location verification, requiring confirmation via email or phone for logins
from unfamiliar IP addresses or geographic regions and instant
login alerts sent by email and SMS whenever an account is accessed from a new
device.
“All 4
account security methods I have already suggested to XTB and I will be waiting
for developments,” Samołyk commented on X.
XTB has not
indicated whether it will compensate affected customers or take additional
steps to assist ongoing police investigations into the alleged hacking scheme.
This article was written by Damian Chmiel at www.financemagnates.com.
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Being “in the zone” comes down to how well you can maintain focus and pure concentration. Here are some tips on how you can apply this in forex trading.
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