Author: FX

Eurozone inflation rose 2.2% YoY in September, core HICP steady at 2.3%, both aligned with economists’ forecasts.Eurozone manufacturing PMI falls to 49.8, back into contraction zone, while UK factory PMI held unchanged at 46.2.UK GDP stagnated in Q2, with households under inflation pressure and tax hike risks weighing on Sterling outlook.EUR/GBP drops during the North American session on Wednesday after the latest release of inflation in the Eurozone came in line with estimates, but slightly above the European Central Bank’s (ECB) goal. The cross trades around 0.8696, down 0.36%.Cross falls despite Eurozone CPI holding above ECB’s target and business activity…

Gold extends its record-breaking rally as the US shutdown drives safe-haven flows.Fed rate-cut bets strengthen, with markets pricing a 96% chance of a 25 bps cut in October S&P Global Manufacturing PMI held steady at 52, while ISM PMI rose modestly to 49.1 but remained in contraction.Gold (XAU/USD) soars to yet another record high on Wednesday, extending its relentless climb as the United States (US) government shutdown fuels safe-haven demand. At the time of writing, XAU/USD is trading around $3,870 during the American session, after peaking at a fresh all-time high near $3,895.The US government officially entered a shutdown early…

GBP/USD surges to one-week high as weak ADP data and US government shutdown dent Dollar The British Pound (GBP) advances sharply against the US Dollar (USD) on Wednesday, with GBP/USD climbing to a one-week high, reaching its strongest level since September 24, as the Greenback remains under broad pressure amid a weaker-than-expected ADP Employment Change report, the ongoing United States (US) government shutdown, and mounting bets on further Federal Reserve (Fed) interest rate cuts. Read More…   Pound Sterling refreshes weekly high against US Dollar The Pound Sterling (GBP) posts a fresh weekly high near 1.3490 against the US Dollar (USD) during the European…

Hey, forex rookies and seasoned vets! If you’re wondering why your currency pair is swinging wildly, chances are the big, bad central banks are flexing their muscles. Understanding what these financial titans like the Fed and the ECB are doing with interest rates is probably the top fundamental theme in trading. Why? Because interest rates are the price of money! They influence everything from inflation to unemployment, and ultimately drive capital flows. If a country offers a higher return (rate), money tends to flow in, potentially boosting that currency’s value. If a central bank starts cutting rates, the opposite often…

Prelim was 52.0Prior was 53.0Selling price inflation drops to 11-month lowJob losses recorded amid uncertain outlookCommenting on the latest survey results, Paul Smith, Economics Director at S&P Global Market Intelligence said: “Latest data showed the continued underperformance of Canada’s manufacturing economy. Output, new orders and exports all continued to fall, with the uncertain trading environment also leading firms to make cuts to purchasing, inventories and employment. “Once again tariffs and Canada’s trading relationship with the United States remained a dominant theme amongst survey participants, as firms noted the detrimental impacts on exports and confidence in general. Firms therefore understandably remain…

Bullish above: Conditional: down through 6,670 then back above 6,672, or clean break above 6,706 Bearish below: 6,694 Primary Bias: Bearish while below 6,694 Partial Targets: 6,679 • 6,684 (POC) • 6,693 • 6,700S&P 500 Market Context & Directional BiasAt the time of writing, S&P 500 futures trade near 6,685—already inside bearish territory per today’s compass line at 6,694. That aligns with price holding below yesterday’s value area low. The nearer, higher-probability bullish path is the condition trigger: if futures first wash down toward 6,670 and then reclaim 6,672, the bullish threshold activates; otherwise, a straight break above 6,706 also…

After turning lower last week, EUR/JPY may be ready to extend a longer-term uptrend. Think the pair will pop up in the next trading sessions? EUR/JPY 4-hour Forex Chart by TradingView The euro slipped against the yen, even though some European Central Bank (ECB) members are hinting that their easing cycle is just about done. And why not? With Euro Area PMIs still looking mixed, trade worries brewing out of Washington, and the Russia-Ukraine conflict heating back up, traders weren’t exactly lining up for more risk in the region. Meanwhile, the yen’s finding plenty of love as the U.S. dollar…

With Switzerland’s inflation hovering near zero and the SNB maintaining its defensive stance at last week’s meeting, Thursday’s CPI release could determine whether the franc continues to benefit from haven flows or faces renewed pressure from deflation concerns. Will the data confirm the SNB’s cautious optimism, or reignite talks of negative rates returning to the Alpine nation? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

Missed the symmetrical triangle breakout on this pair? AUD/CAD still seems to be in the middle of a pullback to the broken resistance! Take a look at these inflection points. AUD/CAD 1-hour Forex Chart by TradingView The Aussie surged higher earlier this week after the Reserve Bank of Australia kept interest rates on hold at 3.60% and dampened further easing expectations. Later in the day, mostly weaker than expected U.S. jobs data fueled downbeat NFP expectations, weighing on the dollar and the correlated Loonie. Can AUD/CAD resume its climb after this retracement? Remember that directional biases and volatility conditions in…

Taiwan has rejected a U.S. proposal that it shift half of its semiconductor production to America, with officials and media on the island warning the plan would damage its economy and cost jobs. The idea was revealed by U.S. Commerce Secretary Howard Lutnick, who said the Trump administration wants a “50–50 split” to cut America’s reliance on Taiwanese chips.Lutnick argued that with 95% of U.S. chips currently made in Taiwan — “9,000 miles away” — the risks were growing given Beijing’s threats toward the island. But Taiwan’s Democratic Progressive Party (DPP) authorities and local media immediately pushed back, calling the…