S&P500 TACO Trade. USD Weaker on Rate Cut Chatter. US Congress Passes Stable-coin Law.
If you are paying attention to the news you can execute the TACO trade and buy the dip.

In today’s GCI Market Outlook, let’s take a look at Forex Trading on Bitcoin, BTCUSD, NZDUSD, EURUSD, AUDUSD, the Dow Jones Industrial Average, and the S&P500.
Over the last week, the US Indices like the S&P500 have been on a roller coaster.
We see tariff news driving falls and gaps, and one drop based on the potential firing of the US Fed chairman.
Then, in a White House meeting, it was announced that Jerome Powell would NOT be fired and investors bought back in.
If you are paying attention to the news, you can execute the TACO trade and buy the dip.
If we move ou,t we can see that the S&P500 is at all-time highs.
If we look at the Dow Jones Industrial Average, we see that price action has broken this bearish channel but is still short of all-time highs.
Again, any negative tariff or economic news could drive prices lower giving us more opportunities to buy the dip.
There is clear disagreement among FOMC members as to the next Interest rate decision 30 July.
This has caused USD to weaken slightly.
If we look at many USD pairs like NZDUSD, EURUSD, and AUDUSD, we see price action at the upper trend line in a bear run and the stochastic oscillator well overbought.
Price action on Bitcoin has stalled at $120,000 and has formed an interesting technical pattern.
US Congress has passed a bill on stable coins and it should be signed soon which will likely affect the price of most crypto currencies.
That’s all for now.
CFDs and FX are leveraged products and your capital may be at risk.
Latest Analysis
- Buy the Dip on the S&P500 and NASDAQ? Forex Trading Short on NZDUSD and Gold XAUUSD. August 29, 2025 07:37 AM
- Forex Trading on Economic News. Trading Short AUDUSD. NVIDIA Earnings Tomorrow. August 26, 2025 03:50 AM
- Jackson Hole, BoE, BoJ in Focus. Forex Trading Short on Silver XAGUSD. August 22, 2025 08:33 AM
- Silver XAGUSD Forming Head and Shoulders Pattern. Forex Trading Reversals on NZD Pairs. Brent Crude Oil in Symmetrical Pennant. August 20, 2025 02:50 AM
- Forex Trading Long on GBPUSD. Gold XAUUSD Forming Symmetrical Pennant? Trading Short on Brent Crude? August 15, 2025 06:20 AM
- Forex Trading on Today’s US CPI Inflation Figures. Trading Long on AUDCAD & AUDJPY? August 12, 2025 08:17 AM
- Forex Trading EURGBP Post BoE Interest Rates. US Indices Fall on Tariffs: Buy the Dip? August 08, 2025 03:25 AM
- NASDAQ and S&P 500 Recovery. USD Consolidating After NFP Weakness. Forex Trading Long on Silver? August 05, 2025 01:51 AM
- Forex Trading and Buying the Dip on Silver XAGUSD. Global Indices Fall on Tariff Threats: Buying Opportunity on DAX and S&P500? August 01, 2025 06:52 AM
- Forex Trading and Buying the Dip on Silver XAGUSD, Gold XAUUSD, S&P500, DAX, and Dow Jones. July 29, 2025 04:49 AM
Open an account in minutes
Trade on our award-winning platforms with ultra-fast and ultra-secure execution.
OPEN AN ACCOUNT