EDITOR’S NOTE

Every country has likely felt how today’s market environment is reshaping global economic priorities—driven by surging inflation and slowing growth. The root causes have been widely discussed and are, by now, well understood. Yet one critical factor has remained largely out of focus: the commodities and energy markets, arguably the primary drivers behind the current macroeconomic stress.

The dollar’s recent strength has come at a cost—even its biggest beneficiaries now face mounting pressure. Falling oil prices and a strengthening USD have eroded investor confidence in both assets. Crude oil and the US dollar have retreated nearly six months’ worth of gains, prompting serious questions about their stability and long-term investment appeal.

Still, trader reactions to these developments differ meaningfully between metals and energy. Gold tends to respond more directly to shifts in demand and risk sentiment, while oil remains highly sensitive—as it always has been—to inflationary pressures and household liquidity conditions. Will these diverging forces continue weakening the historical correlation between gold and oil? Or will commodity interdependence persist? Issue 30 of our journal explores this question in depth.

Enjoy the read.
Best regards,
The ForTraders.org Team and Julia Apel

CONTENTS

1. Editor’s Note. [p. 3]

2. Australian Dollar: Babylonian Banks.
Current trends and their evolution. [p. 4]

3. Who’s Stronger?
Bullish vs. bearish sentiment development. Participant activity analysis. [p. 11]

4. Finding Key Support & Resistance Levels.
Technical analysis for the upcoming week—focus on the ‘Ossis’ (AUD, NZD, USD/JPY). [p. 14]

5. Instrument of the Week.
Performance review: GBP/USD. [p. 15]

6. No Comment.
Charts and annotations—you’ll see everything yourself. AUD cross pairs. [p. 16]

7. Gainers & Losers of the Week.
Market leadership snapshot. Focus on the ‘Ossis’. [p. 20]

8. Trade Smarter.
Correlation analysis: currency pairs vs. AUD/USD. [p. 22]

9. Interview With…
Alexander Kuptsikovich, Financial Analyst at FxPro. [p. 24]

10. Hold or Close Positions?
Trading recommendations: Crude Oil. [p. 26]

* * *

13. Chaos Theory: “The Saucer”.
This week’s trading strategy. [p. 28]

14. New! Review of Basic Indicators.
In search of profitable strategies. Experiment #1. [p. 33]

15. New! A New Paradigm in Technical Analysis.
Quantum approach — Introduction & Primer. Lesson 1. By Boris Groshev, itdc.ru. [p. 41]

16. Useful Functions.
MetaQuotes Language. Lesson 14. Step-by-step programming mastery. [p. 45]

17. Risk Can Be Forecast—but Reward Cannot.
An intriguing insight. [p. 52]

18. New! The Dollar Crisis: Causes, Consequences, and Solutions — Fundamental Analysis.
Trader’s Library. [p. 54]

19. Interview with Galina Shifman,
MG Financial Group. [p. 57]

20. Traders’ Percentages. [p. 60]

21. Colleagues: An Alternative View.
Analysis from… See Appendix.

DOWNLOAD ISSUE 32 OF THE ForTraders.org JOURNAL

FAQ

What drives GBP/USD correlation with commodities?

GBP/USD often reacts to UK energy import costs, global risk sentiment, and USD strength—making it indirectly sensitive to oil and gold price shifts.

Why does oil price affect the US dollar?

Oil is priced in USD globally; falling oil prices can signal weak demand and broader economic slowdown—pressuring both oil and the dollar simultaneously.

Is the gold–oil correlation still reliable?

Historically strong, but diverging monetary policy, liquidity conditions, and demand shocks have weakened their correlation since 2022.