FOREX NEWS & BLOG
Short-Term Analysis for Oil, Gold, and EURUSD for 06.01.2025
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro reached the Gold Zone 1.0261 – 1.0252 last week. Major Takeaways USCrude: oil is trading in a short-term uptrend with a bullish target near 75.11 – 74.33. XAUUSD: gold is declining within a short-term downtrend. EURUSD: the euro is trading in an upward correction after hitting the Gold Zone 1.0261 – 1.0252. Oil Price Forecast for Today: USCrude Analysis… Read full author’s opinion and review in blog of #LiteFinance
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Dollar seen mostly lower to start the new week
EUR/USD is trading back up to 1.0365, up 0.5% on the day, and starting to nudge back above its 100-hour moving average of 1.0349. The pair is looking for a second straight day of gains, catching a bounce after a plunge last week to a low of 1.0222. Similarly, GBP/USD is also up 0.5% to 1.2485 as it is also contesting a push above its own 100-hour moving average of 1.2482 currently.
But what exactly do those moves mean?
It points to dollar sellers wrestling back some near-term momentum to start the new week. A push back above the respective 100-hour moving averages but below the 200-hour moving averages (1.0380 for EUR/USD and 1.2512 respectively for GBP/USD) means that the near-term bias will switch back to being more neutral instead.
Besides that, the dollar is also seen down against the commodity currencies with AUD/USD up 0.6% to 0.6250 and USD/CAD down 0.5% to 1.4370 currently. The latter is a particularly interesting one to start the week with the loonie side of the equation also in focus as seen here.
For now, the greenback is only trading up against the yen with USD/JPY holding higher by 0.3% to 157.70. This comes with bond yields keeping on the higher side, with 10-year yields in the US seen at 4.623% at the moment.
Will we see major FX play catch up to bonds later in the day/week perhaps?
This article was written by Justin Low at www.forexlive.com.
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EURUSD Forecast & Predictions for 2025, 2026–2027, and Beyond
The EURUSD is one of the major and most traded currency pairs in the Forex market. Traders analyze its future price not only for trading purposes but also to gauge the economic conditions of the EU and the US, along with the global market sentiment. Since the pair is widely traded, predicting its exchange rate from a long-term investment perspective can be challenging. The EURUSD exchange rate movement is influenced by interest rate differentials, inflation, unemployment rates, trade, and capital flows. At the same time, much of the pricing is related to unforeseen event risks and market sentiment changes. With… Read full author’s opinion and review in blog of #LiteFinance
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Former Head of Front Office at Saxo Bank, Launches Prop Firm ‘R u The 1’
Eli Shirazi launched a new venture, a UK-based proprietary
trading firm named “R u The 1.” He serves as the Founder and Director
of this firm. Established in November 2024, the firm is headquartered in the
London area, United Kingdom.
Commenting on his new role, Shirazi said, “I chose to
incorporate the company in the UK to position it strategically for any
forthcoming regulatory changes within the prop trading industry, establishing
it in a reputable jurisdiction known for high regulatory standards and robust
governance.”
Career in Fintech and Trading Firms
Before starting this venture, Shirazi accumulated extensive
experience in the financial sector. Since 2016, he has worked as a freelance
business consultant, advising on EU financial services law, electronic money
institution regulations, and company acquisitions. His consultancy work has
taken him across Europe and other regions as needed.
In addition to his consulting work, Shirazi has served as a
Non-Executive Director at MEXEM Europe since 2016. In this part-time role, he
has been involved in license application processes, participated in board
meetings, and provided ongoing support to the company’s management and
shareholders.
Shirazi’s Roles at ActTrader, Magnum FX, and Saxo Bank
Shirazi’s recent experience includes as Managing Director at
ActTrader Technologies from October 2023 to November 2024. During his tenure,
he managed the company’s operations, focusing on strategic decisions and
process optimization. Earlier, he served as CEO of Magnum FX from 2018 to 2020,
overseeing daily operations, compliance, and strategic initiatives, including a
partnership with a major sports team.
His career also includes leading roles in fintech and
trading companies. As Executive Director at AlgoPay from 2015 to 2016, Shirazi
directed the startup’s operations, focusing on payment services and risk
management. Prior to that, he was the Head of Front Office at Saxo Bank from
2013 to 2014, where he managed trading operations, regulatory compliance, and
new product implementations.
Between 2008 and 2012, Shirazi served as Head of Trading at
Lembex Global Investment in Israel, managing the dealing desk, client
relations, and risk assessment.
Report Highlights Positive Outlook for Prop Trading in
2025
Finance Magnates
reported earlier that proprietary trading firms are optimistic about 2025,
according to the Acuiti Proprietary Trading Management Insight Report,
conducted with Avelacom. The
survey of 120 executives from 103 firms shows 64% expect above-average
conditions, driven by anticipated market volatility and technological
advancements.
Ultra-low latency firms are particularly optimistic, with
47% predicting a well above-average year. Investment plans reflect this
confidence, with 65% of firms expecting higher budgets, focusing on improving
latency, market data, algorithmic tools, and colocation infrastructure.
This article was written by Tareq Sikder at www.financemagnates.com.
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UK December final services PMI 51.1 vs 51.4 prelim
- Final Services PMI xx vs 51.4 expected and 50.8 prior.
- Final Composite PMI xx vs 50.5 expected and 50.5 prior.
Key Findings:
Comment:
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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AUD/JPY holds gains near 98.50 after the release of PMI data
AUD/JPY continues to gain ground for the third consecutive day, trading around 98.50 during the European hours on Monday.
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Crude Oil Price Forecast for 2025, 2026, 2027-2030 and Beyond: WTI and Brent Outlook
The question of whether oil will rise or fall is a pressing concern for traders and investors who closely follow the energy market. Geopolitical and economic factors make oil price forecasting a challenging task. Therefore, it is crucial to analyze expert forecasts before making informed trading decisions. Recent data shows a notable decrease in oil purchases of WTI and Brent among asset managers. According to the Commodity Futures Trading Commission, the pace of reduction is the fastest in 4 years. Meanwhile, OPEC is sticking to its decision for member countries to temporarily reduce production until the end of 2024, preventing… Read full author’s opinion and review in blog of #LiteFinance
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Eurozone January Sentix investor confidence -17.7 vs -18.0 expected
- Prior -17.5
This article was written by Justin Low at www.forexlive.com.
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USD/CAD Price Forecast: Moves below 1.4400 after pulling back from recent highs
The USD/CAD pair ends its four-day winning streak, trading near 1.4390 during Monday’s European session.
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SNB total sight deposits w.e. 3 January CHF 439.6 bn vs CHF 445.7 bn prior
- Domestic sight deposits CHF 426.6 bn vs CHF 436.4 bn prior
This marks another break from the recent norm with total sight deposits falling further to its lowest since 2015. For some backdrop, you can refer to my post last week here.
This article was written by Justin Low at www.forexlive.com.
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Pepperstone Enters Motor Racing: Sponsors Aston Martin Aramco F1 Team
Pepperstone, a Melbourne-headquartered forex and CFDs broker, has further strengthened its presence in the sports arena with its latest sponsorship deal with the Aston Martin Aramco Formula One Team.
“Multi-Year” Presence in the F1 Circuit
Announced today (Monday), the broker has gained the Formula One racing team’s Global Forex and Trading Partner status through the sponsorship deal. Although financial and other details were not revealed, the deal has been signed for a “multi-year” term.
According to an earlier report by Finance Magnates, the entry cost for F1 sponsorship starts at about $500,000, excluding the top three or four teams.
The sponsorship deal marks Aston Martin Aramco’s first partnership in 2025. Under the terms, the brokerage’s branding will debut on the race car when it is launched ahead of the 2024 F1 season.
“We are thrilled to work together and build a winning partnership that drives success both on and off the track,” said Tamas Szabo, Group CEO at Pepperstone, adding, “We can’t wait to celebrate this at the Australian Grand Prix in Melbourne, the first of the season and our home race.”
Although Aston Martin failed to secure any top positions in the 2024 F1 racing season, it is represented by one of the top drivers in the sport, Fernando Alonso, who finished ninth last season. The team came fifth in the constructor’s championship standings.
Shuffles in F1 Sponsorships
The Aston Martin Aramco Formula One Team is no stranger to dealing with CFD brokers. Until last year, AvaTrade, another CFDs broker, was a sponsor. However, AvaTrade ended its partnership for the upcoming season and entered into a sponsorship deal with Oracle Red Bull Racing, a more popular team.
Interestingly, cryptocurrency exchange Bybit recently ended its $150 million sponsorship deal with the Red Bull team. Meanwhile, Crypto.com renewed its partnership with Formula One until 1 February 2030.
Pepperstone is also strengthening its brand with several strategic sports sponsorships. Last November, it became a sponsor of the Ultimate Fighting Championship (UFC) in Asia. Earlier, it also sponsored Aussie football team Geelong Cats.
This article was written by Arnab Shome at www.financemagnates.com.
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