Skilledfundedtraders Discount Code

Up to 33% discount when in promotion! Use discount code 'failuresfx33' for 30% discount. This is a permanent discount code.
Updated October 2025.

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EAs, copier, weekend holding and news trading is allowed and US traders accepted. You can read more on the FAQ page.
They have been operating since 2023.

Globalforexfunds has the most cost effective prop firm challenges out there. Also, good reviews on trustpilot.

While most firms are tightening rules and pushing traders to fail, we’re doing the opposite. We focus on simplicity, transparency, and real results. We’ve seen how other prop firms bait traders with fake refund schemes and unsustainable discount gimmicks, only to block payouts or drown them in unrealistic targets.
We offer challenges that are actually passable, payout schedules you can count on, and pricing that’s fair.

Our brand stands for:

 

1. Fair, trader-first rules
2. Sustainable payout models
3. Realistic profit targets
4. Zero hype. Just performance.

We’re here to make funded trading accessible,
and we’re doing it the right way.


Our Challenges Are Built for Serious Traders
We didn’t create our programs just to collect fees—we built them to fix what others ignored. Every model we offer solves a real problem, giving traders a fairer shot.

Private Challenge – Designed for Your Success
Most one-phase challenges are set up for failure. Ours is built differently—with your success in mind.

1. 15% Max Drawdown – generous room to breathe
2. 8% Profit Target – realistic and reachable
3. 1:100 Leverage
4. Only 1 Trading Day Required
5. Free Retry if You Don’t Pass

This structure gives traders up to 20% higher pass rates compared to traditional models. If you want fairness, flexibility, and a true path to funding—this is it.

Economy Challenge – Simple, Affordable, Effective
Our most budget-friendly challenge. Ideal if you want structure without all the noise.

1. 1 Phase
2. 10% Max Drawdown / 10% Profit Target
3. 1:30 Leverage
4. 7 Minimum Trading Days
5. Low-Cost Entry

Straightforward rules, strong conditions—this is one of the best-priced 1-phase challenges out there.

Instant Funding – Skip the Challenge. Start Earning.
Don’t want to wait? Get funded immediately with no evaluation phase.

1. No Challenge Required
2. 8% Max Drawdown / 4% Daily Drawdown
3. Trade Live from Day One
4. Fast Withdrawals
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Jump straight into live trading with funded capital.

MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

Thursday brought a mix of results for U.S. stocks, with the Dow Jones Industrial Average gaining 163 points (+0.47%) to 35,225, marking an impressive nine-session winning streak. However, the S&P 500 fell 30 points (-0.68%) to 4,534, and the Nasdaq 100 took a significant hit, tumbling 360 points (-2.28%) to 15,466.

Among the sectors, insurance (+2.31%), pharmaceuticals & biotechnology (+2.09%), and utilities (+1.85%) sectors performed well, while automobiles (-8.24%), semiconductors (-3.21%), and media (-2.79%) sectors faced the biggest losses.

Tesla (TSLA) tumbled 9.74% as the electric-vehicle maker reported a lower-than-expected second-quarter gross margin, hitting a four-year low.

Netflix (NFLX) slid 8.41%, with the video-streaming service provider's second-quarter revenue and third-quarter revenue guidance missing market expectations.

On the brighter side, drug-maker Johnson & Johnson (JNJ) rose 6.07%, and United Airlines (UAL) climbed 3.23%. Both companies posted better-than-expected quarterly earnings and raised their full-year earnings guidance.

Abbott Laboratories (ABT) also advanced 4.24% as the health-care-product maker's quarterly revenue and earnings surpassed market expectations.

Used-car retailer Carvana (CVNA) retreated 16.25% after a remarkable surge of over 40% in the prior session.

The U.S. 10-year Treasury yield rebounded, gaining 10.2 basis points to 3.850%.

Regarding U.S. economic data, the latest number of initial jobless claims fell to 228,000, the lowest level in nine weeks. The Philadelphia Fed manufacturing index was little changed at -13.5 in July (vs -9.0 expected).

The number of existing home sales declined 3.3% on month in June (vs -1.2% expected).

In the European markets, there was a positive note, with the DAX 40 rising 0.59%, the CAC 40 increasing 0.79%, and the FTSE 100 gaining 0.76%.

Moving on to commodities, U.S. WTI crude futures added $0.28 to $75.63 a barrel, while gold prices slipped $7 to $1,969 an ounce.

Market Wrap: Forex

The U.S. dollar maintained its strength against other major currencies, with the dollar index rising to 100.84.

EUR/USD fell 71 pips to 1.1130. In Germany, the producer price growth slowed further to 0.1% on year in June (vs -0.2% expected). France's business confidence index remained stable at 100 in July, in line with expectations.

GBP/USD dropped 75 pips to 1.2865.

USD/JPY climbed 44 pips to 140.09. This morning, Japan's data showed that the inflation rate edged up to 3.3% on year in June, as anticipated.

AUD/USD added 6 pips to 0.6778, with Australia's data showing the economy added 32,600 jobs in June (vs +25,100 jobs expected), and the jobless rate fell to 3.5% (vs 3.6% expected).

USD/CHF gained 81 pips reaching 0.8668, while USD/CAD added 10 pips to 1.3174.

Failing to hold at levels above $30,000, Bitcoin retreated to $29,800.

Top News
Biden assembles team to prevent debt limit brinksmanship
WHAT: US President Joe Biden is on a mission to zap debt limit dramas! According to a statement from the White House, Biden has asked a group of aides — including Director of the National Economic Council Lael Brainard, and White House counsel Stuart Delery — to explore all “legal and policy options” to prevent another debt limit stand off.
WHY: Last month, Biden signed a bipartisan deal after intense negotiations with House Speaker Kevin McCarthy that narrowly averted a crisis that threatened to send the US into an unprecedented default.

US official: China AV tech cause for concern
WHAT: US Transportation Secretary Pete Buttigieg is talking tough on Chinese autonomous vehicles (AVs) in the US market. Buttigieg said his agency has some “national security concerns”, after lawmakers called for restrictions on their operations. According to Buttigieg, technology used by Chinese AVs could be used to collect data on Americans and shared back to China and ultimately the Communist Party.
WHY: In a letter to Buttigieg and Secretary of Commerce Gina Raimondo earlier this month, a bipartisan group of lawmakers asked for an investigation into the prevalence of Chinese AV technology in the US and how it can be restricted.

Palm-paying magic from Amazon to go nationwide
WHAT: Amazon’s palm-reading checkout is spreading its high-five magic! Called Amazon One, the palm-scanning payment technology will be rolled out to all Whole Foods stores across the US by the end of the year according to an announcement from the online retail giant. The biometric payment system works by having the customer hover their palm over a reader device.
WHY: Amazon One is already available in 200+ stores in states like California, New York and Texas. The expansion will bring it to over 500 shops.

Getting Started
General information to know about Skilled Funded Traders

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Are you here to just provide backlinks to new prop firms run by influencers? It seems to be what you do.

Hi there. I am affiliated with them, yes.

MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Friday, U.S. stocks showed a lack of momentum. The Dow Jones Industrial Average edged up 2 points (+0.01%) to 35,227, the S&P 500 added 1 point (+0.03%) to reach 4,536, while the Nasdaq 100 declined 40 points (-0.26%) to 15,425.

The U.S. Federal Reserve is widely expected to raise interest rates by 25 basis points in the coming Wednesday after pausing in June.

Pharmaceuticals & biotechnology (+1.65%), utilities (+1.50%), and household & personal products (+1.14%) stock sectors were the top performers, while automobiles (-1.04%), banks (-0.83%), and Media (-0.64%) sectors underperformed the market.

Tesla (TSLA) slipped a further 1.10% after tumbling over 9% Thursday.

Netflix (NFLX) lost a further 2.27% after sliding over 8% in the prior session.

American Express (AXP), a payment company, fell 3.86%, CSX Corp (CSX), a freight transportation firm, dropped 3.71%, and Intuitive Surgical (ISRG), a developer of medical robotic systems, declined 3.16%. All these three companies reported down-beat quarterly results.

Texas Instruments (TXN) rose 2.45%. Japanese bank Mizuho raised its target price on the semiconductor designer to $185.

In Europe, the DAX 40 declined 0.17%, while the CAC 40 rose 0.65%, and the FTSE 100 was up 0.23%.

U.S. WTI crude futures increased $1.42 to $77.07 a barrel, the highest level since April 25.

Gold price dipped $7 to $1,962 an ounce.

Market Wrap: Forex

The U.S. dollar stayed firm against other major currencies. The dollar index advanced to 101.06.

EUR/USD dipped 4 pips to 1.1126. On Thursday, the European Central Bank is expected to hike its key interest rate by 25 basis points to 4.25%.

GBP/USD was down 8 pips to 1.2860. U.K. data showed that retail sales grew 0.70% on month in June (vs +0.10% expected). The GfK consumer confidence index declined to -30 in July (vs -26 expected).

USD/JPY jump 166 pips to 141.73. On Friday, the Bank of Japan is expected to keep its key interest rate unchanged at negative level of -0.100%.

This morning, the Jibun Bank Japan manufacturing purchasing managers index dipped to 49.4 in July (vs 50.0 expected).

AUD/USD sank 48 pips to 0.6731. This morning, the Judo Bank Australia manufacturing purchasing managers index improved to 49.6 in July (vs 47.6 expected).

USD/CHF declined 8 pips to 0.8660.

USD/CAD added 43 pips to 1.3215. In Canada, retail sales increased 0.20% on month in May (vs +0.50% expected).

Over the weekend, Bitcoin managed to get hold of the key level of $30,000.

MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Friday, U.S. stocks showed a lack of momentum. The Dow Jones Industrial Average edged up 2 points (+0.01%) to 35,227, the S&P 500 added 1 point (+0.03%) to reach 4,536, while the Nasdaq 100 declined 40 points (-0.26%) to 15,425.

The U.S. Federal Reserve is widely expected to raise interest rates by 25 basis points in the coming Wednesday after pausing in June.

Pharmaceuticals & biotechnology (+1.65%), utilities (+1.50%), and household & personal products (+1.14%) stock sectors were the top performers, while automobiles (-1.04%), banks (-0.83%), and Media (-0.64%) sectors underperformed the market.

Tesla (TSLA) slipped a further 1.10% after tumbling over 9% Thursday.

Netflix (NFLX) lost a further 2.27% after sliding over 8% in the prior session.

American Express (AXP), a payment company, fell 3.86%, CSX Corp (CSX), a freight transportation firm, dropped 3.71%, and Intuitive Surgical (ISRG), a developer of medical robotic systems, declined 3.16%. All these three companies reported down-beat quarterly results.

Texas Instruments (TXN) rose 2.45%. Japanese bank Mizuho raised its target price on the semiconductor designer to $185.

In Europe, the DAX 40 declined 0.17%, while the CAC 40 rose 0.65%, and the FTSE 100 was up 0.23%.

U.S. WTI crude futures increased $1.42 to $77.07 a barrel, the highest level since April 25.

Gold price dipped $7 to $1,962 an ounce.

Market Wrap: Forex

The U.S. dollar stayed firm against other major currencies. The dollar index advanced to 101.06.

EUR/USD dipped 4 pips to 1.1126. On Thursday, the European Central Bank is expected to hike its key interest rate by 25 basis points to 4.25%.

GBP/USD was down 8 pips to 1.2860. U.K. data showed that retail sales grew 0.70% on month in June (vs +0.10% expected). The GfK consumer confidence index declined to -30 in July (vs -26 expected).

USD/JPY jump 166 pips to 141.73. On Friday, the Bank of Japan is expected to keep its key interest rate unchanged at negative level of -0.100%.

This morning, the Jibun Bank Japan manufacturing purchasing managers index dipped to 49.4 in July (vs 50.0 expected).

AUD/USD sank 48 pips to 0.6731. This morning, the Judo Bank Australia manufacturing purchasing managers index improved to 49.6 in July (vs 47.6 expected).

USD/CHF declined 8 pips to 0.8660.

USD/CAD added 43 pips to 1.3215. In Canada, retail sales increased 0.20% on month in May (vs +0.50% expected).

Over the weekend, Bitcoin managed to get hold of the key level of $30,000.

MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Tuesday, U.S. stocks advanced further ahead of the Federal Reserve's widely-expected 25-basis-point interest-rate hike. The Dow Jones rose 26 points (+0.08%) to 35,438, posting a 12-session rally, the longest one since February 2017.

The S&P 500 gained 12 points (+0.28%) to 4,567, and the Nasdaq 100 climbed 113 points (+0.73%) to 15,561.

The U.S. 10-year Treasury yield added 1.2 basis points to 3.885%.

Semiconductors (+1.91%), materials (+1.76%), and software & services (+1.24%) stock sectors gained the most, while automobiles (-1.54%), banks (-1.44%), and real estate (-0.88%) sectors underperformed the market.

General Electric (GE) rose 6.27%, as the industrial conglomerate reported higher-than-expected second-quarter revenue.

NXP Semiconductor (NXPI) rose 4.27%, as the semiconductor firm's quarterly sales and earnings exceeded market expectations.

3M (MMM) gained 5.33% after the diversified conglomerate raised its full-year profit forecast.

F5 Networks (FFIV) also climbed 5.84% after posting upbeat quarterly results.

PacWest Bancorp (PACW) plunged 27.04%, while Banc of California (BANC) jumped 11.17%. The Wall Street Journal reported that Banc of California is in advanced talks to buy PacWest Bancorp.

UPS (UPS) fell 1.94%. The global package delivery firm reached a tentative agreement with the Teamsters union to avoid a potential strike.

Spotify Technology (SPOT) tumbled 14.26% as the music-streaming service provider's third-quarter sales forecast missed expectations.

In after-market hours, Microsoft (MSFT) slid 4% after the software giant provided a lower-than-expected quarterly revenue guidance.

Alphabet (GOOGL) jumped over 6% as the tech giant's cloud-computing unit helped to boost second-quarter results.

Regarding U.S. economic data, the Conference Board consumer confidence index rose to 117 in July (vs 111 expected), a two-year high. The Richmond Fed manufacturing index declined to -9 (vs -2 expected).

In Europe, the DAX 40 rose 0.13%, the FTSE 100 gained 0.17%, while the CAC 40 close 0.16% lower,

U.S. WTI crude futures added $0.90 to $79.63 a barrel, a three-month high.

Gold price advanced $10 to $1,964 an ounce.

Market Wrap: Forex

The U.S. dollar was little changed against other major currencies ahead of the Fed's rate decision tonight. The dollar index was stable at 101.27.

EUR/USD dropped 11 pips to 1.1053. In Europe, Germany's Ifo business climate index dipped to 87.3 in July (vs 87.6 expected),

GBP/USD rose 71 pips to 1.2900.

USD/JPY retreated 55 pips to 140.93.

AUD/USD climbed 51 pips to 0.6790. Australia's inflation rate, to be reported later today, is expected to ease to 6.3% on year in the second quarter.

USD/CHF fell 54 pips to 0.8643.

USD/CAD edged up 4 pips to 1.3172. Canada's data showed that manufacturing sales fell 2.1% on month in June (vs -0.3% expected).

Bitcoin stabilized while trading at levels around $29,200.

MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Wednesday, major U.S. stock indexes closed mixed after the Federal Reserve's decision to raise interest rates by 25 basis points. The Dow Jones Industrial Average rose 82 points (+0.23%) to 35,520, extending its winning streak to a 13th session, the longest one since 1987.

The S&P 500 eased less than one point to 4,566, and the Nasdaq 100 closed 62 points lower (-0.4%) at 15,499.

As expected, the Fed raised its key interest rates by 25 basis points to 5.25%-5.50%, the highest levels since 2001. Fed Chairman Jerome Powell said the central bank would decide to either increase or hold interest rates on a "meeting-by-meeting" basis depending on data.

The U.S. 10-year Treasury yield ended 2 basis points lower at 3.865%.

Transportation (+2.96%), media (+2.95%), and Banks (+1.32%) stock sectors gained the most during the session, while software & services (-2.54%) and semiconductors (-1.35%) sectors closed lower.

Microsoft (MSFT) fell 3.76% as its Azure cloud-computing unit showed lower revenue growth.

Alphabet (GOOGL) jumped 5.78% on higher-than-expected second-quarter revenue and earnings.

Boeing (BA) surged 8.72%, and Wells Fargo (WFC) rose 2.11%, as both companies posted upbeat numbers in quarterly results.

Snap (SNAP) plunged 14.23%, and Texas Instruments (TXN) fell 5.42%, as investors were not satisfied with the companies' quarterly results.

PacWest Bancorp (PACW) bounced 26.92% after plunging 27% in the prior session.

In after-market hours, Meta Platforms (META) jumped 7% after the tech giant reported higher-than-expected second-quarter revenue and earnings, and issued optimistic third-quarter guidance.

European stocks closed lower. The DAX 40 fell 0.49%, the CAC 40 dropped 1.35%, and the FTSE 100 was down 0.19%.

U.S. WTI crude futures eased $0.70 to $78.95 a barrel. The U.S. Energy Department reported a reduction of 600,000 barrels in crude-oil stockpiles (vs -2.35 million barrels expected).

Gold price gained $7 to $1,972 an ounce.

Market Wrap: Forex

The U.S. dollar softened against other major currencies after the Fed announced a widely-expected rate hike. The dollar index declined to 101.00.

EUR/USD rose 32 pips to 1.1087. France's consumer confidence index was stable at 85 in July (as expected).

GBP/USD climbed 41 pips to 1.2943.

USD/JPY slid 56 pips to 140.34.

AUD/USD dropped 31 pips to 0.6761. Australia's data showed that the inflation rate slowed to 6.0% on year in the second quarter (vs 6.3% expected).

USD/CHF declined 30 pips to 0.8606, while USD/CAD added 31 pips to 1.3203.

Bitcoin rebounded up to $29,600.

MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Thursday, U.S. stocks closed lower after a choppy session. The Dow Jones Industrial Average retreated 237 points (-0.67%) to 35,282 halting a 13-session rally, the longest one since 1987.

The S&P 500 fell 29 points (-0.64%) to 4,537, and the Nasdaq 100 ended 34 points lower (-0.22%) at 15,464.

The U.S. 10-year Treasury yield climbed back to level above 4%, as U.S. economic data came out stronger than expected. U.S. gross domestic product (GDP) growth accelerated to an annualized rate of 2.4% on quarter in the second quarter (vs +1.8% expected).

The latest number of initial jobless claims declined to 221,000 (vs 231,000 expected), and durable goods orders jumped 4.7% on month in June (vs +0.6% expected).

Automobiles (-2.62%), telecom services (-2.03%), and real estate (-1.90%) stock sectors lost the most.

Tesla (TSLA) fell 3.27%, Netflix (NFLX) dropped 2.25%, and Microsoft (MSFT) was down 2.09%.

Meta Platforms (META) rose 4.40%, and AbbVie (ABBV) gained 4.90%. Both companies posted upbeat quarterly results.

Ebay (EBAY) slumped 10.53%, Chipotle Mexican Grill (CMG) sank 9.81%, and Southwest Airlines (LUV) dropped 8.94%. These companies' quarterly results missed market expectations.

In after-market hours, Intel (INTC) jumped over 7% after the chip-maker's second-quarter results showed a return to profitability after two straight quarters of losses.

European stocks closed higher. The DAX 40 rose 1.70%, the CAC 40 gained 2.05%, and the FTSE 100 was up 0.21%.

U.S. WTI crude futures added $1.10 to $79.85 a barrel.

Gold price tumbled $27 to $1,944 an ounce.

Market Wrap: Forex

Backed by strong economic data, the U.S. dollar regained some strength against other major currencies. The dollar index rebounded to 101.79.

EUR/USD plunged 117 pips to 1.0969, even though the European Central Bank raised its key interest rate by 25 basis points, as widely expected, to 3.75%.

Germany's GfK consumer confidence index ticked higher to -24.4 for August (vs -24.0 expected).

USD/JPY declined 82 pips to 139.42. Later today the Bank of Japan is expected to maintain its ultra-loose monetary-policy stance (key interest rate at negative -0.100%).

GBP/USD slid 151 pips to 1.2790.

AUD/USD fell 54 pips to 0.6704.

USD/CHF gained 89 pips to 0.8697, and USD/CAD rose 23 pips to 1.3231.

Bitcoin failed to rebound further, and slipped back to $29,160.

MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Friday, U.S. stocks advanced closed higher. The Dow Jones Industrial Average rose 176 points (+0.50%) to 35,459, the S&P 500 climbed 44 points (+0.99%) to 4,582, and the Nasdaq 100 was up 286 points (+1.85%) to 15,750.

Investors saw U.S. inflation moderate and the Bank of Japan tweak its monetary policy.

U.S. data showed that the core personal consumption expenditure (PCE) price index's growth slowed to 4.1% on year in June, the smallest increase since September 2021.

The Bank of Japan said it will offer to buy 10-year Japanese government bonds (JGBs) at 1.0% through fixed-rate operations, signaling that it could tolerate a rise in the 10-year yield to as much as 1.0%, compared to 0.5% previously.

The U.S. 10-year Treasury yield dipped back to levels below 4%.

Automobiles (+3.09%), media (+2.48%), and household & personal products (+2.04%) stock sectors led the market higher Friday.

Meta Platforms (META) rose 4.42%, Tesla (TSLA) climbed 4.20%, Amazon.com (AMZN) advanced 3.09%, Alphabet (GOOGL) gained 2.46%, Microsoft (MSFT) added 2.31%, and Apple (AAPL) was up 1.35%.

Palantir Technologies (PLTR), a data mining company, surged 10.28%.

After posting satisfactory quarterly results, Roku (ROKU) soared 31.41%, Intel (INTC) rose 6.60%, and Procter & Gamble (PG) added 2.83%.

On the other hand, Enphase Energy (ENPH) fell 7.48% and Ford Motor (F) dropped 3.42% after reporting results.

In Europe, the DAX 40 rose 0.39%, the CAC 40 gained 0.15%, and the FTSE 100 edged up 0.02%.

U.S. WTI crude futures increased $0.49 to $80.58 a barrel. On a weekly basis, oil prices posted a five-week winning streak.

Gold price rebound $13 to $1,959 an ounce.

Market Wrap: Forex

The yen saw volatile trading on Friday after the Bank of Japan seemed to allow a higher 10-year Japanese government bond yield. And as expected, the central bank kept its key interest rate unchanged at -0.100%. USD/JPY slid 161 pips to 141.09.

This morning, Japan's data showed that retail sales declined 0.4% on month in June (vs +0.8% expected), while industrial production was up 2.0% on month (vs +2.1% expected).

EUR/USD rose 42 pips to 1.1021. The Eurozone's economic sentiment index declined to 94.5 in July (vs 94.0 expected).

Germany's data showed no growth in gross domestic product in the second quarter (vs +0.3% on quarter expected), and the inflation rate slowed to 6.2% on year in July (vs 6.1% expected).

France's gross domestic product grew 0.5% on quarter in the second quarter (vs +0.1% expected), and its inflation rate slowed to 4.3% on year in July (as expected).

GBP/USD gained 58 pips to 1.2854.

AUD/USD slid 56 pips to 0.6653.

USD/CHF added 7 pips to 0.8698.

USD/CAD increased 10 pips to 1.3234. Canada's data showed that gross domestic product grew 0.3% on month in May (vs +0.4% expected).

Bitcoin kept trading within a tight range between $29,100 and $29,500.

MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Monday, U.S. stocks ended slightly higher at the last trading day of July. The Dow Jones Industrial Average rose 100 points (+0.28%) to 35,559, the S&P 500 gained 6 points (+0.15%) to 4,588, and the Nasdaq 100 was up 6 points (+0.04%) to 15,757.

Energy (+2.00%), consumer durables & apparel (+0.75%), and retailing (+0.72%) stock sectors gained the most.

Palantir Technologies (PLTR), a data mining company, surged another 11.40% after jumping 10% in the prior session.

Exxon Mobil (XOM) rose 2.96%. According to Bloomberg News, the energy company is in talks with automakers including Tesla (TSLA) and Ford Motor (F) on supplying them with lithium.

Johnson & Johnson (JNJ) fell 3.98%. A judge dismissed the bankruptcy case of the pharmaceutical firm's unit, making the company face claims of billions of dollars related to its baby powder products.

After posting quarterly results, SoFi Technologies (SOFI) surged 19.9%, and ON Semiconductor (ON) climbed 2.53%.

Chevron (CVX) rose 3.02% as the stock was upgraded to "buy" at Goldman Sachs.

Adobe (ADBE) increased 3.27% after being upgraded to "overweight" at Morgan Stanley.

XPeng (XPEV) slumped 10.56% after it was downgraded to "neutral" at UBS.

The U.S. 10-year Treasury yield added 1.4 basis points to 3.965%.

Regarding U.S. economic data, the Chicago purchasing managers index climbed to 42.8 in July (vs 43.0 expected), and the Dallas Fed manufacturing Index improved to -20 (vs -18 expected).

In Europe, the DAX 40 declined 0.14%, while the CAC 40 rose 0.28%, and the FTSE 100 edged up 0.07%.

U.S. WTI crude futures rose 1.63% to $81.89 a barrel, a fresh three-month high.

Gold price increased $6 to $1,965 an ounce.

Market Wrap: Forex

EUR/USD dropped 21 pips to 1.0995. The Eurozone's data showed that gross domestic product grew 0.6% on year in the second quarter (as expected), the inflation rate slowed to 5.3% on year in July (vs 5.2% expected).

Germany's retail sales fell 0.8% on month in June (vs +0.0% expected).

USD/JPY rebounded 110 pips to 142.26. This morning, Japan's data showed that the jobless rate declined to 2.5% in June (vs 2.6% expected).

GBP/USD slid 15 pips to 1.2836.

AUD/USD increased 68 pips to 0.6718.

USD/CHF added 20 pips to 0.8718, while USD/CAD fell 45 pips to 1.3192.

Bitcoin kept going nowhere, trading at levels around $29,200.

MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Tuesday, major U.S. stock indexes closed mixed. The Dow Jones Industrial Average rose 71 points (+0.20%) to 35,630, while the S&P 500 declined 12 points (-0.27%) to 4,576, and the Nasdaq 100 was down 38 points (-0.25%) to 15,718.

Top-performing stock sectors were capital goods (+0.62%), commercial & professional services (+0.31%), and insurance (+0.24%), while automobiles (-1.92%), telecom services (-1.41%), and utilities (-1.26%) stock sectors under-performed.

Arista Networks (ANET) surged 19.68%. The high-speed network provider reported better-than-expected quarterly earnings.

On the other hand, after posting quarterly results, ZoomInfo Technologies (ZI) slumped 26.98%, Uber Technologies (UBER) declined 5.68%, Norwegian Cruise Line (NCLH) fell 12.05%, and Carnival (CCL) dropped 4.51%.

Gap Inc (GPS) rose 3.11%, and American Eagle Outfitters (AEO) gained 4.27%. Both stocks were upgraded to "overweight" at Barclays.

In after-market hours, Advanced Micro Devices (AMD) gained 2% after posting higher-than-expected earnings and giving upbeat revenue forecast. Meanwhile, Starbucks (SBUX) declined 1%, and Pinterest (PINS) slid over 3%.

The U.S. 10-year Treasury yield rose 7.8 basis points to 4.037%.

Regarding U.S. economic data, the ISM manufacturing purchasing managers index posted at 46.4 for July (vs 48.0 expected).

European stocks closed lower. The DAX 40 fell 1.26%, the CAC 40 slid 1.22%, and the FTSE 100 was down 0.43%.

U.S. WTI crude futures retreated $0.43 to $81.37 a barrel.

Gold price sank $20 to $1,944 an ounce.

Market Wrap: Forex

AUD/USD plunged 104 pips to 0.6613, the biggest daily fall since March, after Australia's central bank kept its key rate unchanged at 4.10%, against wide expectations of a hike of 25 basis points.

Also, China's Caixin manufacturing purchasing managers index dropped to 49.2 in July (vs 50.1 expected).

EUR/USD eased 15 pips to 1.0982, and GBP/USD was down 61 pips to 1.2774.

USD/JPY jumped a further 105 pips to 143.34, the highest level since July 6.

USD/CHF gained 35 pips to 0.8754, and USD/CAD climbed 90 pips 1.3281.

Bitcoin saw volatile trading, sinking down to $28,480 before bouncing back to $29,490.

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MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Wednesday, U.S. stocks fell, impacted by an unexpected downgrade of the U.S. credit rating by Fitch Ratings. The Dow Jones Industrial Average slid 348 points (-0.98%) to 35,282, the S&P 500 dropped 63 points (-1.38%) to 4,513, and the Nasdaq 100 slumped 347 points (-2.21%) to 15,370.

Fitch downgraded the U.S. rating to AA+ from AAA citing expected fiscal deterioration over the next three years.

The U.S. 10-year Treasury yield climbed 4.7 basis points to 4.070%.

The worst-performing sectors during the trading session were semiconductors (-4.22%), automobiles (-2.7%), and software & services (-2.48%).

Advanced Micro Devices (AMD) fell 7.02% despite facts that the chip maker posted higher-than-expected earnings and provided upbeat revenue forecast, and that the stock was upgraded to "buy" at Citi.

SolarEdge Technologies (SEDG) plunged 18.36%, and Virgin Galactic (SPCE) lost 4.35%. Both companies reported disappointing quarterly results.

On the other hand, with upbeat earnings reports, CVS Health (CVS) rose 3.33%, and Humana (HUM) gained 5.60%.

Regarding U.S. economic data, the ADP jobs report showed the economy added 324,000 private jobs in July (vs +210,000 expected).

European stocks also closed lower. The DAX 40 fell 1.36%, the CAC 40 dropped 1.26%, and the FTSE 100 was down 1.36%.

U.S. WTI crude futures declined $1.60 to $79.77 a barrel. The U.S. Energy Department reported a reduction of 17.05 million barrels in crude-oil stockpiles (vs -1.37 million barrels expected).

Gold price sank a further $9 to $1,935 an ounce.

Market Wrap: Forex

The U.S. dollar strengthened against other major currencies despite Fitch's U.S. credit rating downgrade. The dollar index climbed to 102.64.

EUR/USD fell 47 pips to 1.0937.

GBP/USD dropped 67 pips to 1.2710. Later today, the Bank of England is expected to raise its key rate by 25 basis points to 5.25%.

USD/JPY advanced a further 8 pips to 143.42.

AUD/USD sank a further 72 pips to 0.6541, the lowest close since May 31.

USD/CHF added 27 pips to 0.8780, and USD/CAD was up 67 pips to 1.3348.

Bitcoin once touched the key level of $30,000 before falling back to $29,130.

MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Thursday, major U.S. stock indexes closed lower for a second session. The Dow Jones Industrial Average fell 66 points (-0.19%) to 35,215, the S&P 500 dropped 11 points (-0.25%) to 4,501, and the Nasdaq 100 was down 17 points (-0.11%) to 15,353.

The US 10-year Treasury yield jumped a further 10.2 basis points to 4.179%.

Automobiles (+1.71%), energy (+0.95%), and banks (+0.55%) stock sectors posted gains, while utilities (-2.29%), real estate (-1.39%), and telecoms services (-1.00%) stock sectors lost the most.

Tesla (TSLA) rebounded 2.05% after declining for two days.

Clorox Company (CLX) gained 8.96%, as the cleaning-supplies producer's quarterly earnings exceeded expectations.

After reporting quarterly earnings, Expedia (EXPE) tumbled 16.38%, PayPal (PYPL) sank 12.32%, Qualcomm (QCOM) lost 8.18%, Robinhood Markets (HOOD) slid 7.23%, and Etsy (ETSY) plunged 13.69%.

Roku (ROKU), a video-streaming platform, fell 3.05% as the stock was downgraded to "neutral" at Citigroup.

In after-market hours, Apple (AAPL) declined 2%. The tech giant reported better-than-expected quarterly earnings, but its iPhone revenue failed to beat expectations.

Amazon.com (AMZN) jumped over 9% in after-market hours, as the mega-tech firm posted excellent quarterly results and provided an upbeat revenue guidance.

Regarding U.S. economic data, the Institute for Supply Management (ISM) services purchasing managers index declined to 52.7 in July (vs 52.0 expected). Factory orders rose 2.3% on month in June (vs +1.5% expected).

At the same time, the latest number of initial jobless claims climbed to 227,000 (vs 225,000 expected).

European stocks also closed lower. The DAX 40 fell 0.79%, the CAC 40 dropped 0.72%, and the FTSE 100 was down 0.43%.

U.S. WTI crude futures gained $2.30 to $81.83 a barrel.

Gold price was relatively flat at $1,934 an ounce.

Market Wrap: Forex

The U.S. dollar index was stable at 102.48.

GBP/USD was little changed at 1.2710. As widely-expected, the Bank of England raised its key rate by 25 basis points to 5.25%.

EUR/USD gained 11 pips to 1.0949. The Eurozone's data showed that producer-price decline widened to 3.4% on year in June (vs -3.2% expected).

USD/JPY retreated 83 pips to 142.49.

AUD/USD gained 13 pips to 0.6551. Australia's data showed that trade surplus amounted to A$11.32 billion in June (vs A$10.80 billion expected).

USD/CHF declined 32 pips to 0.8743, while USD/CAD was relatively flat at 1.3352.

Bitcoin showed a lack of momentum trading at levels around $29,200.

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MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

Friday's trading session saw U.S. stocks closing lower for the third consecutive session. The Dow Jones Industrial Average fell 150 points (-0.43%) to 35,065, the S&P 500 dropped 23 points (-0.53%) to 4,478, and the Nasdaq 100 was down 78 points (-0.51%) to 15,274.

U.S. data showed that the economy added 187,000 nonfarm payrolls in July, slightly below an addition of 190,000 expected, while the jobless rate declined to 3.5% (vs 3.6% expected).

The U.S. 10-year Treasury Yield retreated 14.1 basis points to 4.034%.

The technology hardware & equipment (-4.07%), automobiles (-1.96%), and food & beverage (-1.25%) stock sectors led the market lower, while the retailing sector (4.29%) outperformed.

U.S. Stock Highlights:

- Amazon.com (AMZN), the world's largest online retailer and web services provider, impressed with a gain of 8.27% to $139.57, surpassing quarterly earnings and sales estimates, and offering strong sales guidance for the current quarter.

- Apple (AAPL), the consumer electronics giant, fell 4.8% to $181.99 as quarterly iPhone sales missed expectations, underperforming the Nasdaq 100.

- Booking Holdings (BKNG), a major online travel company, jumped 7.86% to $3063.16, exceeding quarterly earnings and sales estimates.

- DraftKings (DKNG), a sports betting company, surged 5.84% to $31.74 due to better-than-expected quarterly earnings.

- Dropbox (DBX), a smart workspace provider, traded 5.93% higher at $27.49 after beating expectations with quarterly earnings.

- Fortinet (FTNT), a cybersecurity firm, plunged 25.07% to $56.77 as current quarter sales guidance disappointed investors.

- Coinbase Global (COIN), a cryptocurrency exchange platform, declined 3.79% to $87.31 despite a narrower-than-anticipated quarterly loss.

European stocks ended higher. The DAX 40 rose 0.37%, the CAC 40 gained 0.75%, and the FTSE 100 was up 0.47%.

U.S. WTI crude Futures climbed $1.10 to $82.62 a barrel.

Gold price advanced $8 to $1,942 an ounce.

Market Wrap: Forex

The U.S. dollar softened against other major currencies after a relatively down-beat U.S. jobs report. The index fell to 102.02.

U.S. inflation data, also closely-watched by investors, will be released Thursday.

EUR/USD gained 58 pips to 1.1007. The Eurozone's retail sales shrank 0.3% on month in June (vs +0.4% expected).

Germany's factory orders grew 7.0% on month in June (vs +2.0% expected), while France's industrial production declined 0.9% on month in June (vs -0.5% expected).

GBP/USD rose 38 pips to 1.2747.

USD/JPY was down for a second session falling 81 pips to 141.77.

AUD/USD added 17 pips to 0.6568,

USD/CHF eased 13 pips to 0.8729.

USD/CAD increased 32 pips to 1.3385. Canada’s data showed that the jobless rate to 5.5% in July (vs 5.4% expected). Additionally, the July Ivey purchasing managers index posted at 48.6 (vs 49.7 expected).

Bitcoin spent Friday and the weekend trading within a tight range around $29,000.

MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Monday, U.S. stocks closed in positive territory. The Dow Jones Industrial Average jumped 407 points (1.16%) to 35,473, the biggest one-day gain since June 15. The S&P 500 rose 40 points (0.90%) to 4,518, and the Nasdaq 100 climbed 132 points (0.87%) to 15,407.

The U.S. 10-year Treasury yield rebounded 5.9 basis points to 4.093%.

Media (2.06%), consumer services (2.05%), and diversified financials (1.46%) stock sectors led the market higher, while technology hardware & equipment (-1.26%) and automobiles (-0.67%) sectors lagged behind.

U.S. Stock Highlights:

- Tesla (TSLA) declined 0.95% to $251.45. The electric-vehicle maker announced that Vaibhav Taneja will replace Zachary Kirkhorn as its finance chief.

- Apple (AAPL) fell 1.73% to $178.85 posting a five-session decline.

- Alphabet (GOOGL) rose 2.67% to $131.53.

- Berkshire Hathaway (BRK/B) climbed 3.60% to a record close of $362.58. The investment holding company under Warren Buffett reported an 8.2% on year surge in second-quarter operating profit to $10.04 billion.

- United Airlines (UAL) advanced 2.50% to $53.68.

- Boeing (BA) gained 2.98% to $238.25.

- Monster Beverage (MNST) jumped 6.13% to $58.49.

- Mercadolibre Inc (MELI) added 4.83% to $1,358.81.

- Booking Holdings (BKNG) was up 5.87% to $3,243.01.

European stocks closed mixed. The DAX 40 was little changed, the CAC 40 edged up 0.06%, and the FTSE 100 declined 0.13%.

U.S. WTI crude futures fell $0.88 to $81.94 a barrel.

Gold price slipped $6 to $1,936 an ounce.

Market Wrap: Forex

The U.S. dollar held up well against other major currencies, as Federal Reserve officials said additional interest-rate hikes are likely. The dollar index edged up to 102.10.

EUR/USD eased 4 pips to 1.1002. Germany's data showed that industrial production shrank 1.5% on month in June, worse than a reduction of 0.2% expected.

USD/JPY rebounded 70 pips to 142.46 halting a two-session decline.

GBP/USD rose 34 pips to 1.2783. The U.K. Halifax house price index dipped 0.3% on month in July (vs -0.6% expected).

AUD/USD added 5 pips to 0.6575. This morning, Australia's Westpac consumer confidence index declined slightly to 81.0 in August (vs 80.7 expected).

USD/CHF was little changed at 0.8729, while USD/CAD dipped 10 pips to 1.3369.

Bitcoin managed to hold at levels above $29,100.