Prop Trader Global | Forex • Crypto • Gold

THIS WEEK'S KEY EVENTS Another week of high-impact economic releases is ahead, with inflation data, a central bank rate decision, retail spending and GDP figures all expected to influence market sentiment. 🇺🇲 US CPI – The week's headline event. Inflation remains the primary driver of Federal Reserve policy, making this one of the most closely watched releases for USD, Gold and US indices. 🇨🇦 Canada Interest Rate Decision – The Bank of Canada announces its latest policy decision, with guidance on future rate expectations likely to drive volatility in CAD pairs. 🇬🇧 UK GDP – A key measure of economic growth that could impact the pound if the figures differ significantly from expectations. 🇺🇲 US Retail Sales – An important indicator of consumer spending, offering insight into the strength of the US economy. 🇪🇺 EU CPI – Inflation data that will help shape expectations for future ECB monetary policy and could influence EUR pairs. ⚠️ These high-impact events can create significant volatility across Forex, Gold, Indices, Stocks and Crypto markets. Be aware of the release times and always manage your risk around major economic announcements.

WEEKLY MARKET REPORT | 13TH – 17TH JULY A new trading week begins, and several major economic events have the potential to create significant volatility across the financial markets. This week's report covers: 📰 Key Economic Events • Fed Chairman Kevin Warsh testifies • UK CPI & GDP data • Bank of Canada Interest Rate Decision • US Core PPI & Retail Sales • Eurozone Core CPI 🇷🇺 Technical Analysis • Gold (XAU/USD) • US Oil (WTI) • GBP/USD • NZD/USD • GBP/NZD Preparation separates professional traders from everyone else. 📄 Download this week's Weekly Market Report

▶️ Weekly Market Outlook | Key Levels to Watch Traders, this week’s technical outlook highlights major opportunities on:

DOGEUSD , GBPUSD , US500 , USDCAD

We'll break down each pair's Daily Support & Resistance zones, helping you: ✅ Spot potential breakout or reversal areas ✅ Build your trade plan with confidence ✅ Align setups with this week’s price structure 📺 FULL VIDEO BREAKDOWN

How Forex Swap Fees Are Really Calculated One of the most misunderstood costs in Forex trading is the overnight swap fee (also known as rollover interest). Many traders assume it's simply a fee charged by their broker. In reality, it's much more than that. Whenever you hold a Forex position overnight, you're effectively borrowing one currency to purchase another. Just like borrowing money from a bank, there is an interest cost—or, in some cases, an interest payment. This financing cost is determined primarily by the interest rate differential between the two countries' central banks. The Formula The simplified theoretical calculation is: Swap (per day)=(InterestA−InterestB)×Position Value365\textbf{Swap (per day)} = \frac{(\text{Interest}_{A}-\text{Interest}_{B})\times\text{Position Value}}{365} Where: • Interestₐ = Interest rate of the currency you are buying • Interestᵦ = Interest rate of the currency you are selling • Position Value = Trade Size × Exchange Rate Example Suppose you open a Long GBP/USD position. This means you are: 💷 Buying British Pounds 💵 Selling US Dollars Using the current policy rates: Bank of England 3.75% US Federal Reserve 3.50% The interest rate differential becomes: 3.75%−3.50%=0.25%3.75\%-3.50\%=0.25\% For a position of 1 Standard Lot (100,000 GBP) with GBP/USD trading at 1.2700: Position Value 100,000×1.2700=127,000 USD100,000 \times 1.2700 = 127,000\ USD Daily Swap 0.0025×127,000365=0.87 USD\frac{0.0025\times127,000}{365} = 0.87\ USD In this simplified example, holding the trade overnight would generate approximately: +$0.87 per day because the currency you're buying (GBP) currently offers a higher interest rate than the currency you're effectively borrowing (USD). Why Your Broker's Swap Is Different Many traders calculate the theoretical value and then wonder why their trading platform displays a different figure. That's because brokers also include: • Liquidity provider financing costs • Administrative charges • Their own markup • Market funding conditions As a result, the swap shown on your platform is rarely identical to the theoretical calculation. Why Do Long and Short Positions Have Different Swaps? A common question is: "Why does Buy GBP/USD have one swap value while Sell GBP/USD has another?" The answer is simple. Buying GBP/USD means: 🔄 Borrow USD 🔄 Buy GBP Selling GBP/USD reverses the transaction: 🔄 Borrow GBP 🔄 Buy USD Since you're borrowing and lending different currencies, the interest calculation changes completely. Most retail traders only focus on: • Entry price • Stop Loss • Take Profit Institutional traders also consider financing costs. Holding a position for several months can result in hundreds—or even thousands—of dollars in swap charges. On the other hand, when interest rates work in your favour, traders can deliberately hold positions that generate positive carry, earning interest each day in addition to any capital gains. This is known as the Carry Trade, a strategy used extensively by hedge funds, banks and macro investors. Key Takeaways ✅ Every Forex trade involves buying one currency and selling another. ✅ Swap is primarily determined by the interest rate differential between the two central banks. ✅ Swap is applied whenever a position is held overnight. ✅ Most brokers apply triple swap on Wednesday to account for weekend settlement. ✅ Positive swap can increase your returns, while negative swap can significantly reduce long-term profitability. ✅ Your broker's displayed swap is usually different from the theoretical value because of funding costs and broker adjustments. Understanding how swap is calculated is another step towards understanding how the financial markets actually work. Most traders learn indicators. Professional traders learn the mechanics behind the market.

🇬🇧 GBP/USD HITS MONTHLY HIGH The British Pound has been one of the strongest major currencies this month, with GBP/USD rising from 1.3218 to 1.3451 — a gain of 1.77%. What's driving the move? 🇬🇧 Markets are increasingly pricing in the possibility of the Bank of England keeping interest rates higher for longer, supporting the Pound. 🇺🇸 At the same time, uncertainty surrounding the Federal Reserve's next rate decision has weighed on the US Dollar. 🔼 The combination has pushed GBP/USD to its highest levels of the month, making it one of the strongest-performing major FX pairs. This is another reminder that major moves in the currency market are often driven by economic expectations and central bank policy, not just technical analysis. 🔍 GBPUSD ANALYSIS

🛢 BRENT CRUDE OIL DROPS 5% AFTER A 3 DAY RALLY After rallying for three consecutive days, Brent Crude Oil reversed sharply today, falling from $80.59 yesterday to around $76.18—a decline of 5.47% in just 24 hours. The move comes as traders locked in profits following this week's rally, while easing concerns over supply disruptions and a shift in market sentiment added further pressure to oil prices. Brent remains one of the most closely watched commodities in the world, with prices reacting quickly to geopolitical developments, OPEC decisions and changes in global demand. ↘️ From $80.59 to $76.18 in one day. 🔽 A 5.47% decline after a three-day rally. 🔍 BRENT CRUDE OIL ANALYSIS

🛢 BRENT CRUDE OIL DROPS 5% AFTER A 3 DAY RALLY After rallying for three consecutive days, Brent Crude Oil reversed sharply today, falling from $80.59 yesterday to around $76.18—a decline of 5.47% in just 24 hours. The move comes as traders locked in profits following this week's rally, while easing concerns over supply disruptions and a shift in market sentiment added further pressure to oil prices. Brent remains one of the most closely watched commodities in the world, with prices reacting quickly to geopolitical developments, OPEC decisions and changes in global demand. 💬 From $80.59 to $76.18 in one day. 🔽 A 5.47% decline after a three-day rally.

🟠 BITCOIN RECLAIMS $62K Bitcoin has continued to stabilize after reclaiming the $62,000 region, with buyers stepping back into the market following last week's volatility. The latest recovery supports the view that the broader July rally remains intact, although traders are still watching for signs of whether this is the start of a sustained move higher or simply a relief bounce. ↘️ Major Resistance: $64,750 ↗️ Major Support: $61,500 The chart also highlights two important liquidity areas: ⬇️ Sell-Side Liquidity (SSL) sits above $63,500, where a concentration of stop orders could fuel a sharp move higher if price breaks through. ⬆️ Buy-Side Liquidity (BSL) lies between $61,500 and $63,250, an area where buyers have repeatedly stepped in to defend the trend. 🔼 Bullish Scenario A decisive break above $63,500 would place the recent highs back into focus, with $64,750 acting as the next major resistance level. 🔽 Bearish Scenario Failure to hold above $61,500 would weaken the current recovery and could open the door for a move towards the $61,000 region. While on-chain data continues to suggest the broader bull market structure remains healthy, traders should remember that Bitcoin can move aggressively once key liquidity levels are triggered.

GOLD TESTS A MAJOR SUPPORT LEVEL Gold has come under renewed selling pressure, extending its decline towards the $4,000 support zone after another rejection from higher prices. The latest move follows fading safe-haven demand and improving market sentiment, while traders continue to assess the outlook for US interest rates. 📉 Major Resistance: $4,200 📈 Major Support: $4,000 One of the key features on the chart is the current liquidity structure. ⬇️ Sell-Side Liquidity (SSL) sits above the recent swing highs around $4,150, where short sellers may have placed stop losses. ⬆️ Buy-Side Liquidity (BSL) extends from $4,000 up towards $4,180, making this a significant area to watch as buyers and sellers battle for control. 🔼 Bullish Scenario If Gold reclaims $4,200, momentum could return quickly, opening the door towards the $4,240+ region. 🔽 Bearish Scenario A decisive break below $4,000 would confirm the loss of a major psychological level and could accelerate selling towards $3,960. With Gold now trading at a critical technical area, the reaction around $4,000 is likely to determine whether buyers can defend the longer-term trend or whether sellers remain firmly in control.

⁉️ WEEKLY MARKET REPORT | 6TH JULY – 10TH JULY A new trading week is here. Before placing your first trade, make sure you know what's moving the markets. This week's report includes: ✅ The key economic events that could drive volatility ✅ Gold, US Oil, GBP/USD, USD/CAD & GBP/CAD technical outlooks ✅ The fundamental themes shaping the week ahead ✅ Key levels and institutional market analysis Preparation creates opportunity. 📄 DOWNLOAD THE FULL REPORT

🗓 THIS WEEK'S KEY EVENTS Another busy week ahead, with PMI data, central bank decisions and labour market releases all capable of driving volatility across the financial markets. 🇺🇸 US Non-Manufacturing PMI – A key indicator of activity within the US services sector. 🇳🇿 New Zealand Interest Rate Decision – Markets will be watching closely for any changes to monetary policy and future guidance from the RBNZ. 🇳🇿 New Zealand Business PMI – Provides insight into business conditions and economic momentum in New Zealand. 🇺🇸 US Initial Jobless Claims – An important weekly snapshot of the US labour market that can influence USD sentiment. 🇨🇦 Canada Unemployment Rate – A major employment release that often creates increased volatility across CAD pairs. ⚠️ High-impact economic events can lead to sharp price movements across Forex, Gold, Indices and Crypto. Be aware of the release times and manage your risk accordingly.

▶️ Weekly Market Outlook | Key Levels to Watch Traders, this week’s technical outlook highlights major opportunities on:

BTCUSD , EURUSD , US30 , USDCHF

We'll break down each pair's Daily Support & Resistance zones, helping you: ✅ Spot potential breakout or reversal areas ✅ Build your trade plan with confidence ✅ Align setups with this week’s price structure 📺 FULL VIDEO BREAKDOWN

⁉️ INDICATOR BREAKDOWN | Exponential Moving Average (EMA) Most traders add an EMA to their chart, but very few know how it's actually calculated. Unlike a Simple Moving Average (SMA), which gives every price equal importance, the Exponential Moving Average (EMA) gives more weight to recent price movements. This allows it to react faster when market conditions change. The formula uses a smoothing multiplier: K=2n+1K = \frac{2}{n+1} where n is the number of periods (e.g. 20 for a 20 EMA). Each new EMA value is then calculated using: EMAt=(Pricet×K)+(EMAt−1×(1−K))EMA_t = (Price_t \times K) + (EMA_{t-1} \times (1-K)) This means the EMA is constantly updating, using both the latest closing price and the previous EMA value. 💡 Why does this matter? • Faster reaction to changing market conditions. • Often used to identify trend direction and dynamic support/resistance. • Forms the foundation of many popular indicators, including MACD. Understanding the mathematics behind your indicators helps you understand why they behave the way they do, rather than simply treating them as buy or sell signals.

🌟 US NFP MISSES EXPECTATIONS — GOLD SURGES The latest US labour market data has been released, delivering a much weaker result than economists expected. 🔽 Non-Farm Employment Change • Actual: 57K • Forecast: 114K • Previous: 129K 🪙 Average Hourly Earnings m/m • Actual: 0.3% • Forecast: 0.3% • Previous: 0.3% 🔽 Unemployment Rate • Actual: 4.2% • Forecast: 4.3% • Previous: 4.3% Immediate Market Reaction 🥇 Gold (XAUUSD) reacted instantly, surging from approximately 4,064 to 4,140 within minutes of the 12:30 GMT release as traders priced in weaker-than-expected US employment data. A softer jobs report can increase expectations that the Federal Reserve may adopt a more accommodative stance, which typically weakens the US Dollar and provides support for Gold. The accompanying 15-minute chart highlights just how quickly institutional order flow entered the market following the announcement. ⚠️ Economic data doesn't just move markets—it creates opportunity. Understanding how these releases influence price action is a key part of trading major assets such as Gold, indices and currencies.

🇬🇧 GBP/USD CONTINUES TO RESPECT ITS BULLISH TREND GBP/USD remains in a well-defined ascending channel, continuing to print a series of higher highs and higher lows over the past week. Despite short-term pullbacks, buyers have consistently stepped in at support, keeping the broader uptrend intact. ↘️ Resistance Zone: 1.3290 – 1.3305 ↗️ Support Zone: 1.3210 – 1.3220 The pair is now approaching a key resistance area that has capped recent advances. A decisive break above this zone would strengthen the bullish outlook and suggest further upside. 🔼 Bullish Scenario (+0.9%) A break above 1.3305 could open the door towards the 1.3340 region, extending the current uptrend. 🔽 Bearish Scenario (-0.8%) A move below 1.3210 would weaken the current bullish structure and increase the probability of a pullback towards 1.3160. The British Pound continues to find support from expectations that the Bank of England may keep interest rates elevated for longer, as inflation remains a key concern. At the same time, traders are closely watching upcoming US economic data and Federal Reserve commentary for fresh direction in the US Dollar. For now, the technical structure remains constructive, with the ascending channel continuing to guide price action.

TODAY'S KEY EVENT | 14:00 BST (13:00 GMT) 🇪🇺 ECB Forum on Central Banking – Policy Panel Today, four of the world's most influential central bankers will take part in a live policy discussion: 🇪🇺 Christine Lagarde (ECB President) 🇺🇸 Kevin Warsh (Federal Reserve Chair) 🇬🇧 Andrew Bailey (Bank of England Governor) 🇨🇦 Tiff Macklem (Bank of Canada Governor) Why does this matter? Although this isn't an interest rate decision, markets will be listening closely for any clues about the future direction of monetary policy. Traders will be looking for comments on: ✅ Inflation trends ✅ Interest rate expectations ✅ Economic growth ✅ Labour markets ✅ Trade tariffs and global risks ✅ The outlook for the second half of 2026 Even subtle changes in tone can move markets as expectations for future central bank policy are repriced. Markets most likely to be affected: 🥇 Gold (XAU/USD) 🇬🇧 USD, GBP, EUR & CAD currency pairs 🦅 US & European stock indices 💲 Government bond yields ⚠️ Expect increased volatility during the discussion, particularly if any of the central bankers deliver unexpected or more hawkish/dovish comments than markets are anticipating. Stay disciplined, manage your risk, and avoid chasing the initial move. The biggest opportunities often come after the market has had time to digest the comments.

🇪🇺 EUR/USD Chart Breakdown (1H) The euro has staged an impressive recovery over the past week, but the rally is now approaching a key technical area where buyers and sellers are battling for control. 🔽 Bullish Scenario (+1.8%) A sustained break above resistance could open the door for a move back towards 1.1420–1.1430, extending the current uptrend. 🔼 Bearish Scenario (-1.2%) Failure to hold above support around 1.1375–1.1380 could trigger a pullback as traders lock in profits. With the US Dollar remaining sensitive to Federal Reserve expectations and the Euro supported by improving sentiment, this pair is likely to remain one of the most closely watched FX markets over the coming sessions. As always, watch for a confirmed breakout rather than anticipating the move. Patience often leads to better trade entries. ⁉️ EURUSD TECHNICAL ANALYSIS

💰 BITCOIN LOSES OVER $7,000 IN JUST ONE WEEK After trading above $65,600 last Monday, Bitcoin has fallen to around $58,300, wiping more than 11% off its value in just eight days. The decline comes as traders continue to take profits following Bitcoin's recent rally, while uncertainty around interest rates and broader market sentiment has weighed on risk assets. Some analysts are warning that Bitcoin could see further downside if key support levels fail to hold, with growing discussion around a move towards the $40,000 region if selling pressure accelerates. Despite the recent pullback, Bitcoin remains one of the most volatile assets in global markets—creating opportunities in both rising and falling conditions. 👆 From $65,622 to $58,345. 🔽 More than $7,200 erased in just one week.

💧 BRENT CRUDE OIL FALLS OVER 10% IN 10 DAYS Brent Crude has dropped from $82.30 to around $73.90, marking a decline of more than 10% in just ten days. The move comes as concerns over supply disruptions in the Middle East have eased, with markets increasingly pricing in the possibility of a negotiated end to the Iran conflict. As geopolitical risk premiums fade, oil prices have come under renewed selling pressure. While Brent remains one of the world's most closely watched commodities, the recent decline is a reminder of how quickly sentiment can change when global events begin to stabilise. 👆 From $82.30 to $73.90. 🔽 More than 10% wiped off the price in just 10 days. Volatility creates opportunity—whether markets are moving higher or lower. ⁉️ USOIL TECHNICAL ANALYSIS

⁉️ WEEKLY MARKET REPORT | 29 JUNE – 3 JULY A new trading week begins. This week's report covers the key events and market themes that could drive volatility across Forex, Gold and Commodities. Inside this week's report: ✅ Key economic events to watch ✅ Technical breakdowns on Gold, US Oil, GBP/USD, NZD/USD & GBP/NZD ✅ The fundamental themes that could shape the markets in the days ahead If you're planning to trade this week, this is your roadmap. 📄 DOWNLOAD THE FULL REPORT