GBP/CAD just threw down a big red candlestick after tagging new 2025 highs! Is this just a breather or the start of a longer-term downswing?
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Chart Art: GBP/CAD Nears Key Long-Term Trend Support
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FOREX NEWS & BLOG
U.S. Dollar Dips on ADP Surprise, Recovers as Traders Wait for NFP
The dollar slipped after a surprise ADP drop, but losses were short-lived as traders waited for clearer signals from the upcoming NFP report.
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Chart Art: Is Gold (XAU/USD) Ready For Another Breakout?
Gold has been forming lower highs and higher lows, consolidating inside a fresh triangle pattern and bouncing off support. Can it go for a breakout soon?
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INFINOX, eToro, MAS Group: Executive Moves of the Week
INFINOX appoints new Chief Technology Officer
Topping our weekly executive moves segment, INFINOX hired Artem Gonov as its new Chief Technology Officer (CTO). Gonov has over 15 years of technology leadership experience in the financial services sector.
Most recently, he served as Head of Technology at FxPro, where he led cross-border tech teams and implemented strategies aligned with business goals.
Learn more about INFINOX’s appointment of Artem Gonov as the new Chief Technology Officer.
Former SEC Commissioner joins eToro Board
Following the public listing, eToro enlisted Laura Unger and Lior Shemesh to its Board of Directors. Both will also join eToro’s Audit & Risk Committee.
Unger is a former U.S. Securities and Exchange Commission Commissioner and Acting Chair, while Shemesh has been the Chief Financial Officer of Wix since 2013.
Find out more about eToro’s latest Board changes.
MAS Group taps Ex-England Rugby Star
Meanwhile, MAS Group appointed former England rugby international and senior investment banker Simon Halliday as its new Key Partnerships Adviser.
Halliday earned 23 caps for England between 1986 and 1992, featuring in the 1991 Rugby World Cup Final and back-to-back Five Nations Grand Slam-winning teams. Off the field, he pursued a career in financial markets, holding senior roles at Lehman Brothers, Nomura International, and UBS.
Learn more about MAS Group’s appointment of Rugby star Simon Halliday.
Former Finalto executive joins Hirose UK
In the UK, Hirose Financial UK onboarded Marco Maggioni to support the growth of its institutional services. Currently, the company is reportedly working to develop its Margin FX Prime Services and expand its reach across the EMEA region.
Its client base includes investment firms, hedge funds, proprietary trading desks, family offices, and professional clients. Maggioni has worked in the FX and CFD industry for 17 years. His previous roles include senior positions at Finalto and IS Prime (ISAM Securities) as Sales Director.
Read more about Hirose Financial UK’s appointment of Marco Maggioni.
New Co-Founder at Willybit LTD
Lastly, David Ramil announced his new position as Co-Founder at Willybit LTD. Since January 2022, Ramil has been working independently from Cyprus. His work has focused on business development and payment solutions targeting high-risk industries.
He is also the founder and current leader of Fuertes Razones, a non-profit organization based in Galicia, Spain.
Learn more about David Ramil’s new role at Willybit LTD.
This article was written by Jared Kirui at www.financemagnates.com.
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Daily Broad Market Recap – July 2, 2025
Markets had a mixed day as traders reacted to weaker-than-expected U.S. jobs data, new trade headlines, and fresh concerns about U.S. and U.K. government spending.
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Escalating Tension in the Middle East Clouds Outlook
Stocks fell and oil prices jumped higher at the end of last week as conflict arose in the Middle East. Read more about that and other news here.
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OPEC+ will increase oil output production more than expected: +548,000 (+411,000 expected)
OPEC+ will raise oil production by 548,000 barrels per day in August. This is faster than expected.
- OPEC+ had previously announced increases of 411,000 barrels per day for each month of May, June and July, and this was the increase expected to be announced at Saturday’s meeting.
OPEC+ cited:
- steady global economic outlook
- current healthy market fundamentals, as reflected in the low oil inventories
Oil media reports cite unnamed members of the cartel as saying the group will consider the boosted 548,000 barrels a day for September output once again at the next meeting, scheduled for August 3.
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The increase in output marks a significant shift from years of supply restraint. The jump in production aligns with a perceived shift in strategy from OPEC+ to market share (US shale drillers took some volumes away from OPEC+ members previously) over price defence.
The background to this is that back in 2023 the group announced 2.2 million bpd in cuts. The 411K boosts to output are unwinding these cuts, the 548K announced Saturday accelerates the unwind.
Notes:
- there is still a further 1.66 million bpd of idle capacity
- despite the official increase, actual output may fall short
This article was written by Eamonn Sheridan at www.forexlive.com.
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5 Uncomfortable Truths About Trading
If you feel frustrated over your performance, don’t worry. It may be that you’re forgetting a few basic truths about trading.
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USD CAD Forecast for 2025, 2026, 2027–2030 and Beyond
The USDCAD pair is a major currency pair in the Forex market, reflecting the economic health of the United States and Canada, the two largest trading partners. The pair’s fluctuations reflect not only the difference in interest rates and economic indicators of the respective countries, but also the state of the world commodity markets, especially oil, as Canada is a major exporter of energy commodities. This article assesses the key forecasts for the coming years, provides fundamental and technical analysis, and evaluates the impact of global factors on the USDCAD exchange rate. Major Takeaways The current price of the USDCAD… Read full author’s opinion and review in blog of #LiteFinance
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