Skilledfundedtraders - skilledfundedtraders.com

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Skilled Funded Traders is a proprietary trading firm seeking experienced traders to participate in our 2-Stage evaluation process and potentially become a funded trader. Upon successfully completing the evaluation, traders can remotely manage funds and grow their account through our scaling plan. As a Skilled Funded Traders, you can retain 80% of the profits you generate, while any losses incurred will be covered by our company.



Register here(discount applied)
https://bit.ly/3GTvqTz

 

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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.

 

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Getting Started
General information to know about Skilled Funded Traders


General

What is Skilled Funded Traders?

How Do I Get Started?

Receiving Your Account

How many accounts can I trade and is there a maximum account size I can trade?

Am I authorized to use a VPN?


Trading

Live and Demo Accounts

Spreads and Commissions

Instruments

Leverage Offered

Lot Size Limit


Restrictions

Countries with Limitations on Payouts and Affiliates

Age Restrictions

Payment Methods We Support


Verification

Trader Identity Verification and KYC through Sumsub

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.