Speculators trade on hope, fear and greed, but the fundamentals always win.
Bloomberg
This guest article was written by James Hyerczyk, financial analyst at FX Empire.
A change in the fundamental outlook and a potentially bearish weekly chart pattern are two strong indications that the speculative rally by October NYMEX Platinum and September NYMEX Palladium may be over for now.
After surging to a 15-month high at $1199.50 on August 10, platinum futures plunged $28 an ounce on August 11, a decline of 2.4%. Palladium futures lost 4.8%, falling below $700 an ounce after reaching its highest level the day before at $747.50 on August 10.
Both moves were strong enough to take platinum and palladium lower for the week. October Platinum finished the week at $1129.30, down $22.20 or 1.93%. September Palladium closed at $690.80, down $5.50 or 0.79%.
Fundamental Situation
While the sudden price spike higher last week may have been fueled by excessive speculation and traders taking advantage of thin-trading conditions, the violent sell-off was not without merit. A jump in supply was behind Thursday’s sharp pullback in platinum and palladium after data from South Africa showed increased output from mines.
According to sources, production of platinum and palladium fell by 12.4% in June compared to the prior month. But May output was the second highest on record and production is still rising on a year-on-year basis.
Based on this data, the early portion of the rally was justified. During last week’s trading sessions, however, speculators overdid the upside, setting up platinum and palladium for potential corrections into more reasonable price levels.
This should be considered normal price action. Speculators trade on hope, fear and greed, but the fundamentals always win especially since not all of the supply can be accounted for at times. Sometimes, companies hold on to inventory then bring it all to market when prices get high enough. This is similar to what happened last week.
From a fundamental standpoint, the supply/demand situation doesn’t appear to be out of control like copper. Production is rising, but so is demand from the automotive industry so conditions may be right for the rally to continue, especially if the Fed continues to pass on rate hikes and the U.S. dollar trades in a range or lower. Platinum and palladium are dollar-denominated commodities so they tend to be supported by increased foreign demand when the dollar weakens.
Technical Outlook
PLATINUM
The main trend is up according to the weekly swing chart. However, the higher-high, lower-close or closing price reversal top indicates that momentum has shifted to the downside. So far, the chart pattern only indicates the market is in position to post a 2 to 3 week correction into a retracement zone. There are no indications the trend is changing to down, but this may develop over the longer-term.
The short-term range is $957.10 to $1199.50. Its retracement zone at $1078.30 to $1049.70 is the primary downside target. The next decision for buyers will come following a test of this zone.
PALLADIUM
A similar pattern has developed in the September Palladium market. The main trend is up, however, its weekly closing price reversal top indicates that it is also ripe for a 2 to 3 week correction into a retracement zone.
The main range is $523.50 to $747.50. Its retracement zone at $635.60 to $609.05 is the primary downside target.
CONCLUSION
The key takeaway from this article is that we are looking for a 2 to 3 week correction on the weekly chart by both October Platinum and September Palladium. This move will bring prices back to earth and into value areas that should attract new buyers.
The fundamentals indicate that supply and demand are close to being balanced. The key market driver, therefore, should be the direction of the U.S. dollar and this will be controlled by what the Fed does with interest rates.
If it looks like the Fed is going to raise rates by the end of the year then we probably saw the top for the year for these two industrial metals. If the Fed remains cautious then investors will get a good buying opportunity on a return to the value zones.
This guest article was written by James Hyerczyk, financial analyst at FX Empire.
A change in the fundamental outlook and a potentially bearish weekly chart pattern are two strong indications that the speculative rally by October NYMEX Platinum and September NYMEX Palladium may be over for now.
After surging to a 15-month high at $1199.50 on August 10, platinum futures plunged $28 an ounce on August 11, a decline of 2.4%. Palladium futures lost 4.8%, falling below $700 an ounce after reaching its highest level the day before at $747.50 on August 10.
Both moves were strong enough to take platinum and palladium lower for the week. October Platinum finished the week at $1129.30, down $22.20 or 1.93%. September Palladium closed at $690.80, down $5.50 or 0.79%.
Fundamental Situation
While the sudden price spike higher last week may have been fueled by excessive speculation and traders taking advantage of thin-trading conditions, the violent sell-off was not without merit. A jump in supply was behind Thursday’s sharp pullback in platinum and palladium after data from South Africa showed increased output from mines.
According to sources, production of platinum and palladium fell by 12.4% in June compared to the prior month. But May output was the second highest on record and production is still rising on a year-on-year basis.
Based on this data, the early portion of the rally was justified. During last week’s trading sessions, however, speculators overdid the upside, setting up platinum and palladium for potential corrections into more reasonable price levels.
This should be considered normal price action. Speculators trade on hope, fear and greed, but the fundamentals always win especially since not all of the supply can be accounted for at times. Sometimes, companies hold on to inventory then bring it all to market when prices get high enough. This is similar to what happened last week.
From a fundamental standpoint, the supply/demand situation doesn’t appear to be out of control like copper. Production is rising, but so is demand from the automotive industry so conditions may be right for the rally to continue, especially if the Fed continues to pass on rate hikes and the U.S. dollar trades in a range or lower. Platinum and palladium are dollar-denominated commodities so they tend to be supported by increased foreign demand when the dollar weakens.
Technical Outlook
PLATINUM
The main trend is up according to the weekly swing chart. However, the higher-high, lower-close or closing price reversal top indicates that momentum has shifted to the downside. So far, the chart pattern only indicates the market is in position to post a 2 to 3 week correction into a retracement zone. There are no indications the trend is changing to down, but this may develop over the longer-term.
The short-term range is $957.10 to $1199.50. Its retracement zone at $1078.30 to $1049.70 is the primary downside target. The next decision for buyers will come following a test of this zone.
PALLADIUM
A similar pattern has developed in the September Palladium market. The main trend is up, however, its weekly closing price reversal top indicates that it is also ripe for a 2 to 3 week correction into a retracement zone.
The main range is $523.50 to $747.50. Its retracement zone at $635.60 to $609.05 is the primary downside target.
CONCLUSION
The key takeaway from this article is that we are looking for a 2 to 3 week correction on the weekly chart by both October Platinum and September Palladium. This move will bring prices back to earth and into value areas that should attract new buyers.
The fundamentals indicate that supply and demand are close to being balanced. The key market driver, therefore, should be the direction of the U.S. dollar and this will be controlled by what the Fed does with interest rates.
If it looks like the Fed is going to raise rates by the end of the year then we probably saw the top for the year for these two industrial metals. If the Fed remains cautious then investors will get a good buying opportunity on a return to the value zones.
James A. Hyerczyk is a financial analyst for FX Empire, a leading financial portal. James has worked as a fundamental and technical financial market analyst since 1982. His technical work features the pattern, price and time analysis techniques of W.D. Gann. James A. Hyerczyk is a senior analyst at FX Empire. He has worked as a fundamental and technical financial market analyst since 1982. His technical work features the pattern, price and time analysis techniques of W.D. Gann.
First CNN, Now CNBC: Kalshi’s Event Odds Go Prime Time
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
