BingZi Forex Solutions, 10 Woodlands Square, #04-53 Woods Square, Singapore (2026)

03/09/2026

Thanks for following the page.

I realised that not all followers are aware that I have a daily FX Forum whereby timely news updates, Q/A as well as technical readings on currencies (only track potential star-blazers for the year) are tabled.

These technical calls are also supplanted with real "live" trades so as to "put the money where the mouth is" with losses and profits published.

The purpose of showing these trades are not to solicit for business but rather to emphazise that trading discipline is all about Risk-Control (the ART OF LOSING) and not about being sharp in catching the right moves!

The FX Forum is a good resource for new traders and relationship managers to keep abreast of the market, especially when they are travelling overseas.

It is free and there is no selling of services or products.

Besides emphasing the need to control forex risks as a sustainable way to trade profitably, the aim is also to help one see how a dynamic market dispels one's understanding and application of fundamental analysis.

Hope that you will eventaully realised that what moves the FX Market is 'VALUATION" and nothing else.

The ability to identify overvalue and undervalue levels in the market with proper risk control applied, is the way towards making profits and having fun with trading the FX markets on margin.

Here is the FX Forum link :
https://t.me/+NiGQzSTmj-A5MGY9

BingZi's 3 ARTS:

"'The Art of Losing"
"The Art of Preseravtion"
"The Art of Ambush"

Best Regards

Philip Neo
BingZi Forex Solutions

02/09/2026

03 Sep 2026......Market Updates

It was a quiet evening last night as the S&P traded sideways and closed @ 7,666 (range 7,659 - 7,681).

The DXY and the US10Y eased back slightly and closed @ 99.58 (range 99.45 - 99.85) and @ 4.78% (range 4.76% - 4.82%).

Oil prices eased off slightly but stay elevated above $90.

The US Beige Book shows modest US economic growth as prices rise.

Prices increased moderately in 6 districts, with two districts reporting modest increases , one slightly increases and one strong increases.

Fed Williams said that US Bond yields are not driven by inflation expectations but reflect a robust US economy.

He also said that inflation is not out of control and the current monetary policy is just right to achieve the 2% goal.

The US ADP registered a lower growth of 38,000 (below consensus)

The US Labour data released recently shows that US hiring remains extremely subdued, even when the US JOLTs showed job openings increased but hiring fell by 278,000.

This Friday's US NFP and Unemployment data will be monitored closely to affirm this trend.

The highlight last night was "Japanese Checking" prices in the USD/JPY which saw the sharp move down from 160.40 to 158.20.

The market is wary that the BOJ will likely hike interest rates 2 weeks from now and also think that the BOJ will continue hiking rates in Sep, Oct and Feb 2027.

This was construed after Bessent told Ueda that Japan's Abenomics policy is now clearly behind the curve, during the concluded G20 Meeting on Tuesday.

Oil prices eased off a tad as there was no follow up attacks from the US and Iran.

Canada will implement its 50% tariff on the US on 8 Sep 2026 (next Tuesday) while Xi is expected to visit Trump in Washington on 24 Sep 2026.

Technically, the XAU/USD hit a low of 4282.00 (supposed to find support @ 4320.00) and recovered to a high of 4398.00 yesterday.

Looks like it is ready to try lower to test its 4230.00 (WAVE 2) support for a move towards 5430.00 as the next shot.

However there is an interim support @ 4320.00 which may hold and flip the XAU/USD up again.

The USD/JPY's ideal 160.50-60 SELL objective is deemed to have been met (high 160.40) and started the move down to hit a low of 158.20 on "suspected intervention" last night.

It is expected to find support @ 157.80 before doing a correction rally towards 159.40 for a SELL for 142.00 (end 2026).

Will be watching these 2 closely as these 2 pairs will likely be the star performers in 2026.

The focus today will be the releases of Global Services PMI data from Japan, Australia, the UK ,EU and the US.

Let's see.

01/09/2026

02 Sep 2026.......Market Updates

September started with a "BANG" as global bond yields spikes with Japanese yield scaling levels not breached for 30 years, while oil prices rose again.

The US launched fresh attacks on IRGC sites in southern Iran, in retaliation for new attacks on 2 oil supertankers (owned by Saudi Arabia and South Korea shipping companies), attempting to exit the Hormuz Straits on Tuesday.

Brent Futures and WTI Futures hit $94 and $90 a barrel respectively.

Meanwhile, the G20 Summit ended yesterday with Bessent telling Ueda that Japan needed to do more as the Abenomics stimulative monetary policy is too slow.

The BOJ is now expected to hike in September, December and in April 2027.

Despite calls from the G20 officials to grow their way out of the debt problem, players are increasingly skeptical this is a viable plan.

Interest rates are higher than growth rates while debt servicing is eating up more of the government budgets.

Despite rising energy prices, the world's factories are doing fine as surging AI hardware demand in Asia and Europe bounced higher.

The EU's Manufacturing PMI data grew at its fastest rate in more than 4 years while the US Manufacturing PMI data also showed a positive number yesterday.

The S&P traded lower and closed @ 7,631 (range 7,608 - 7,663) while the DXY and US10Y spiked last night.

The DXY and the US10Y closed higher @ 99.65 (range 99.47 - 99.72) and @ 4.80% target 4.75% - 4.80%) respectively.

Technically, the DXY looks ready to punch above 100.00 as Iran is expected to retaliate to the latest US attacks.

The XAU/USD slipped and hit its lower BUY-ZONE level @ 4320.00 (low 4322.00) and hopefully this holds today.

It is expected to recover to 4620.00, before making further assessment for 4785.00.

The XAU/USD technical picture has changed slightly as it may now take longer to see 4785.00 because of the extended move to 4320.00.

The USD/JPY still has eyes on 160.60 (high 160.28) but the momentum is fast slowing and may not hit its first SELL-ZONE target @ 160.50.

Much of that depends on BO's actions as Bessent speech about Japan's slow rate hike sounded more like "we have done you that intervention favour, you are now on your own" .

Today's focus will be on the RBA Minutes, the RBNZ Interest Rate Decision (expected to hike), the US ADP Employment change, Factory Orders and the Beige Book.

News of Iran's retaliation strikes against US bases will also be monitored closely.

Expect a volatile day ahead.

Let's see.

31/08/2026

01 Sep 2026......Market Updates

The US10Y spiked above 4.75% for the first time since January last year, part of a global bond selloff which weighed on Wall Street last night.

The S&P drifted a tad lower and closed @ 7,686 99(range 7,664 - 7,696) as the market digested the escalation of the US/Iran war and oil price hitting $90.

The US10Y traded higher and closed @ 4.76% (range 4.69% - 4.76%) as the majority of the market thinks that the Fed will hike rates on 16 Sep 2026.

The DXY traded lower and closed @ 99.42 (range 99.39 - 99.63) as players pared dollar long positions, ahead of a heavy slew of data release ahead.

Oil prices rallied on the recently announced huge oil deal between the US and Venezuela.

Venezuela's oil infrastructure is in a state of disrepair after years of mismanagement by its socialist government and will take years and heavy investments to boost oil output.

Hence, US pump prices and the US Strategic Oil Resreves will not see any relief soon.

Meanwhile, European Finance Ministers protested the presence of Russia's attendance at the G20 meeting , invitation extended by Trump, yesterday.

Trump is trying to get his allies, including Russia to help him apply sanctions on Iran.

Meanwhile, Putin and Xi held talks at the two-day Shanghai Cooperation Organization (SCO) Summit in Kyrgyzstan, celebrating its 25-year anniversary yesterday.

The SCO mission is to promote a vision of a multipolar world that can present a united front against the West.

Meanwhile, Trump's approval ratings stay stuck @ 33%, giving Democrats an edge at the Mid-Terms Elections in November.

The XAU/USD finally plunged from 4472.00 to hit a low of 4296.15, weighed down by Warsh hawkish call on US inflation last Friday.

Technically, it hit its BUYZONE (4320.00-4420.00) and rebounded to test 4460.00, as the US market closed yesterday.

Although there is a deeper BUY-ZONE support @ 4320.00, 4390.00 is expected to hold today and see a break and closing above 4480.00 tonight.

The next target is 4785.00 (eta end Sep 2026).

The USD/JPY hit a high of 160.20 (SELL-ZONE 160.50 - 162.00) before closing below 160.00 @ 159.77 (low 159.48).

The USD/JPY is still expected to test 160.50-160.60 today before it starts to lose steam for a move lower, towards 142.00 (end 2026).

The trigger is most likely a BOJ interest rate hike on 18 Sep 2026.

Today is the start of the heavy data week, with the focus on Manufacturing PMI from the EU, the UK and the US followed by the US JOLTs tonight.

Let's see.

29/08/2026

31 Aug 2026..........Market Updates

The S&P fell while the DXY and the US10Y rallied after Warsh delivered a hawkish speech at his first Jackson Hole Symposium, extending the reversal of a downtrend in the dollar last Friday.

Warsh provided his first guidance that US inflation is running too high and needed careful monitoring.

The DXY and the US10Y spiked up and closed @ 99.67 (range 99.1199.72) and @ 44.72% (range 4.65% - 4.73%) respectively.

The S&P tanked and closed @ 7,711 (range 7,700 - 7,770) in reaction to the hawkish speech.

Bessent jointly intervened the USD/JPY with Japan, which fell from 163.50 to 155.20 (830 pips drop) recently.

The USD/JPY recovered almost 60% of the drop to hit a high of 160.20 (low 159.29) last Friday.

Japan spent about US$ 96.5 billion while the US spent between US$ 5-10 billion in interventions!

Technically, Far East will take it up to 160.50 on Monday for a SHORT USD/JPY towards 142.00 (end 2026).

The technical USD/JPY SELL-ZONE is between 160.50-162.00.

The XAU/USD finally closed below 4500.00 @ 4450.00 (range 4445.20 - 4633.04) last Friday.

We are getting nearer to our first BUY level @ 4410.00 (BUY-ZONE 4330.00-4410.00) for a move towards 4880.00 (end Sep 2026).

The Far East will likely fill the above SELL levels as it is expected to follow through on last Friday's move, on Monday.

Meanwhile, on the geopolitical front, Trump's D-Day (Desperate-Day?) sanctions may see some "TACO sauce" as global leaders are not responding to his call to ostracize Iran.

Iran has now joined BRICs as a full-fledged member and now have a direct supply line and trade settlement facilities with Russia and China, basically operating outside the "US Dollar" system and sanctions.

Iran meanwhile said that it has full control over the Hormuz Straits for 30 days, as a full and final deal is currently being assembled between Oman and Iran, to jointly administer the Hormuz Straits.

According to Goldman Sachs, oil is currently flowing at 2/3 of pre-war levels, rising to 15-16 million barrels a day (7-8 million barrels below pre-conflict levels).

Oil prices have eased off since then, back to the $85 a barrel level.

We have come to the end of August and the first week of September is expected to be busy with focus on the US labour market.

US JOLTs, ADP Employment Change and the US NFP and Unemployment plus S&P Global Services + Manufacturing PMI will be scheduled for release throughout the week.

The RBNZ is expected to announce its interest rates decision on Wednesday (expected to hike).

Let's see.

27/08/2026

28 Aug 2026.............Market Updates

It was a quiet evening as the market waited for tonight's Warsh speech at his first Jackson Hole Symposium.

The S&P drifted sideways and closed @ 7,330 (range 7,689 - 7,740) after the release of the US Jobless Claims and the US Current Account.

Both registered strong positive numbers.

The DXY managed to close above 99.00 for a second day but seems to be losing upside momentum below 99.20 and closed @ 99.13 (range 99.08 - 99.25).

The US10Y closed @ 4.67% (range 4.64% -- 4.68%), trying to get back above 4.70%.

Everything is quiet on the geopolitical front as news of a "near deal" to reopen the Hormuz Straits via a jointly administered protocol between Iran and Oman hits the market.

Iran said that it is a done deal but Oman said that there are still more details to be worked out.

Trump said that he will bomb the hell out of Oman should Oman join forces with Iran to reopen the Hormuz Straits.

Meanwhile Qatar was in Iran yesterday to mediate a ceasefire between the US and Iran.

Iran's message is clear :

They do not trust Trump and any talks must be predicated with the removal of US Naval Blockade in the gulf, removal of all sanctions and compensation paid for the war.

Technically, the XAU/USD and the USD/JPY are both in limbo today as the direction bias will be determined by Warsh address tonight at the Jackson Hole.

The XAU/USD have an interim support @ 4540.00 before 4410.00 (low was 4564.23) and it rallied and closed @ 4608.00 (range 4564.23 - 4643.50) last night.

It is possible that the XAU/USD has seen its support (low 4564.23) and start its rally towards 4785.00 target from here or still correct lower towards 4100.00 before resuming its uptrend.

The USD/JPY is facing a similar dilemma as it closed @ 159.37 (range 159.11-159.52).

It still has 160.50-162.00 SELL-ZONE in its sight but the loss of upside momentum is holding it back.

There are no data scheduled for release today so let's wait for the Jackson Hole speech by Warsh tonight.

26/08/2026

27 Aug 2026.............Market Updates

US Inflation came in hotter last month than expected.

The 0.2% MoM increase in headline inflation was above 0.1% forecast and the annual rate edged up to 3.7%.

US Interest Rates hike expectations barely budged, with players still pricing in a 60-40 % chance of a rate hike on 16 September 2026.

Corporate profits as a share of GDP rose to a record high in Q2 while consumer spending in Q2 shows broader acceleration for the second half of 2026.

Hence, the US economy is still growing with growth still evidenced in both Corporate profits and Consumer Spending.

The S&P traded sideways and closed @ 7,675 (range 7,6557,690) while the market waited for Nvidia's Corporate Earnings results to be released.

Nvidia reported 2028 revenue growth of 70%, beating past estimates.

Nvidia EPS was $2.22 (consensus $2.10) and Revenue was $96.22 billion (consensus $92.17 billion).

The AI boom is expected to continue as news of Anthropic and Nscale striking a $45 billion cloud deal hit the market.

Anthropic will rent out 460 megawatts of compute capacity to Nscale data center.

The DXY traded and closed above 99.00 after the US inflation data was released and closed @ 999.17 (range 98.92-99.22).

The US10Y closed below 4.70% @ 4.65% (range 4.62% - 4.67%).

The XAU/USD slipped and closed below 4600.00 @ 4590.00 (range 4582.79 - 4671.27).

The USD/JPY closed above 159.00 @ 159.28 (range 158.88 - 159.44).

Technically, the XAU/USD finally started its correction dip towards 4410.00 but there is an interim 4540.00 support which can potentially hold for a resumption of the uptrend towards 4900.00.

The USD/JPY seemed all set to trek higher towards 160.50-162.00 SELL-ZONE in view of the higher US inflation data.

The market now turns its attention to Friday's Warsh speech at the Jackson Hole Symposium which will start today.

US jobless Claims and Trade Balance data are scheduled to be released tonight.

There are no geopolitical updates last night with the last news that Trump will hold back its secondary Outcast Sanctions on Iran's partners while Iran and Oman try to finalise a deal to jointly open the Hormuz Straits.

Let's see.

26/08/2026

26 Aug 2026.......Market Updates

Oil prices fell sharply on last night,

Brent Futures closed @ $85 (recent high $94) and WTI Crude closed @ $81 (recent high $87).

Wall Street and Treasuries both traded higher after players had digested the Bessent Bond Intervention, US Economic Outcasts Sanctions on Iran and the US-Canada trade war.

The market unwound its positions and stayed flat for the upcoming:

1. Nvidia's Earnings Report (today after market close),
2. US Core PCE Price Index (tonight) and
3. Jackson Hole Symposium (Warsh speaks on Friday).

The S&P traded a tad firmer and closed @ 7,6777 (range 7,659 - 7,685).

The DXY could not hold above 99.00 and closed @ 98.90 (range 98.86-99.11) while the US10Y fell and closed @ 4.62% (range 4.61% - 4.71%) respectively.

Bessent has faced plenty of criticism since he intervened in the US Bond Market, by buying 10Y and 30Y Bonds, in an attempt to drive yields lower so that the US could refinanced its new debts ($ 40 Trillion) at lower interest rates.

(Footnote : Bessent, Druckenmiller and Soros used to work together in 1992 when Soros "broke" the BOE. Druckenmiller also worked closely with Warsh on Druckenmiller's Duquesne Family Office).

On the geopolitical front, everything is quiet for now but Iran has already issued its warning's to strike US Military Bases in the Gulf as well as Gulf oil refinery facilities.

Gulf members are getting "fed-up" with the US and discussing on removing US Military presence from the Gulf.

Meanwhile, Iran and Oman has restarted talks on how to jointly manage the Hormuz Straits.

Barron Trump is also now on the "HIT-LIST" assassination target as broadcasted by Iranian state television.

Technically, the USD/JPY had stayed above 159.00 and looks likely to resume its move higher towards the 160.50-162.00 target.

The XAU/USD also seemed to have met 4690.00 as a temporary resistance for a correction lower towards 4410.00 target for the rest of the week.

Will still look to SELL USD/JPY @ 160.50-162.00 SELL-ZONE for 142.00 target (end 2026) and BUY XAU/USD @ 4100.00 for 4985.00 (wave 5 Target) into mid-September.

The DXY is showing fatigue in staying above 99.00 and is likely to aim for 97.50 as its next target.

Today's focus will be the reelase of the Core US PCE Price Index as an indication for the US Interest Rates directional bias on 16 Sep 2026.

Friday's Warsh Speech at the Jackson Hole Symposium will serve the same objective.

Let's see.

24/08/2026

25 Aug 2026............Market Updates

The market reeks of more TACO to come as the US :

1. US widens Iran sanctions but withholds more punishing options

2. Trump said that auto tariffs for Canada will start 1 Jan 2027 while Canada will launch its 50% tariff on US on 8 September next month.

These leaves room for Trump to "back-paddle" as the "delay" will provide wriggle room for fresh talks ahead.

These threats have lost their weight in the financial market as the dollar traded lower.

Bessent's D-Day economic sanctions against Iran fell short of naming countries who will support Iran on the pretext of giving everyone time to reset!

Basically, it has zero bite!

US bond yields fell and this weighed on US stocks last night as players digested a raft of economic measures and developments coming out of Washington :

1. Bessent's plans to increase buybacks of long-dated bonds,

2. The "mild" D-Day Iran sanctions

3. Threat of new Canada tariffs to kick in only on 1 Jan 2027.

The S&P drifted lower and closed @ 7,652 (range 7,642-7,670) last night.

The DXY attempted to break above 99.00 but managed to closed @ 98.98 (range 98.81 - 99.06) while the US10Y drifted higher to close @ 4.70% (range 4.67% - 4.72%) respectively.

The focus this week are :

1. Nvidia Earnings on 26 Aug 2026 (Wed)

2. Jackson Hole Symposium on 27-28 Aug 2026 (Thu & Fri).

Bessent has created a problem for Warsh by his recent US Bond buyback intervention and the market is watching him closely as he addresses the central bankers conference at Jackson Hole.

Technically, the DXY looks ready to punch above 99.00 for the rest of the week.

That would technically also see the XAU/USD finally starting its correction dip towards 4450.00 (cap @ 4585.00) and the USD/JPY rally to 160.50-162.00 SELL-ZONE with support @ 159.00.

Nvidia's earnings will be the key point to watch tomorrow as its share price continue to decline, despite announcing better than expected earnings so far.

The reason is that investors have very high expectations of Nvidia's earnings and unless the earnings surpassed investors' expectations,
Nvidia's stock will continue to fall, even though it is reporting positive earnings tomorrow.

The US CB Consumer Sentiment and New Home Sales will be released tonight.

Let's see.

23/08/2026

Who says SELLING OPTIONS = UNLIMITED LOSSES?

Only those who works in the Credit Department of a Bank thinks like that!

True, the textbooks tell us that SELLING OPTIONS has an unlimited risk profile but let's put this in the proper contexts.

Selling Open Options = Unlimited Losses
Selling Covered Options = Limit Losses + Enhanced Profits

The risk of selling options (PUTS or CALLS) is unlimited, in an Open Options scenario (i.e there is no matching underlying to take delivery) because the option will 'force you" to BUY higher or SELL lower than the prevailing spot when it is exercised at expiry date.

However, the risk is well contained and can even enhance the overall portfolio cost and reduce exposure risk simultaneously, when one SELL PUT or CALL that are "COVERED"

Here is an example:

Let's say you are LONG Stock A and intend to hold it over the long term (2-5 years).

Stock A has gone higher after you bought and is currently at a resistance level and risk coming off lower.

You don't want to take some profits now and can tolerate the correction dips as you have intention to add-on more.

This is the magic moment whereby you can SELL both CALL + PUT simultaneously and receive 2 streams of premium which will improve your original cost of entry of your current core positions!

At expiry, if the spot goes above the CALL Strike and you have to SELL some of your STOCK A, thereby taking a profit at a lower price.

However, don't forget that you have received a premium when you first sold the CALL.

or

At expiry, the spot goes below the PUT Strike and you are forced to BUY higher than the prevailing spot.

This purchase is back up with funds that you have already prepared to add-on Stock A.

There will be only one outcome, assuming you SOLD PUT + CALL with the same expiry date.

Under this context, SELLING OPTIONS becomes ZERO RISKS as the transactions are all fully funded (Covered).

Not only that, the premium you receive + the outcome (BUY or SELL) at expiry will add more value to your existing portfolio whatever the outcome may be!

For currency trading, whereby trades are taken on margins (not fully funded but using funds borrowed via leverage trading), the only way is to SELL European Digital Options which you can define the PAYOUT upfront e.g USD 100,000, USD 500,000 or USD 1,000,000.

Selling European Digital ITM (in-the-money) options do not require one to take over FX exposures at expiry. (That is the beauty of Digital Options)

On expiry, the Fixing alone determines if you keep the option premium e.g $80,000 received or pay $100,00 if you are wrong!

The net loss is only $20,000, a very lucrative 1:4 Risk/Reward bet as the underlying is USD (whether you keep the premium or pay the payout at expiry).

However, it is very sad that the private bank CREDIT DEPARTMENTS do not understand this concept and ban the SELLING of ITM European Digital Options.

They deem this as highly risky because it is ITM ! 🤦‍♂️

BingZi Forex Solutions

03/09/2026

02/09/2026

01/09/2026

31/08/2026

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27/08/2026

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23/08/2026

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