Author: FX

Canada’s annual inflation rate rose to 1.9% in August from 1.7% in July, coming in slightly cooler than the 2.0% economists were expecting ahead of the Bank of Canada’s (BOC) rate decision on Wednesday. The uptick was largely driven by gasoline prices falling less dramatically than in previous months, down 12.7% year-over-year compared to July’s 16.1% decline. The smaller decline reflects fading base effects from April’s carbon tax removal. Meanwhile, core inflation measures remained stubbornly elevated around the 3% mark, with CPI-median holding at 3.1% and CPI-trim dipping slightly to 3.0% – still well above the BOC’s comfort zone. Key…

Japan’s exports fell for a fourth straight month in August as higher U.S. tariffs weighed heavily on automakers and manufacturers. Exports to the U.S. plunged 13.8% year-on-year, the sharpest drop since early 2021, with automobiles down 28.4% and chipmaking equipment tumbling nearly 39%. Mizuho Research’s Saisuke Sakai noted that while some automakers have absorbed tariff costs by lowering export prices, others are now raising U.S. prices to pass costs onto consumers. He warned that combined with U.S. economic uncertainty, the tariff drag on Japan’s output will intensify into year-end.Overall exports slipped 0.1% y/y, a milder decline than expected, while imports…

The COG on MACD MT4 Indicator is designed to blend two powerful tools into one system. The COG works like a dynamic support and resistance zone, while the MACD highlights momentum shifts. When combined, they help traders spot potential reversals or confirm trend strength. This mix allows traders to filter out noise and focus on more accurate entries and exits. How It Works in Practice When the MACD shows momentum building in a certain direction, the COG levels give traders a visual guide of where the price may bounce or reverse. For example, if the MACD is signaling a bullish…

The Bank of England (BOE) has its interest rate decision lined up during this busy central bank week, and many are counting on a slightly more optimistic announcement. Will they suggest an end to their easing cycle soon? Here’s what you need to know when trading this major event. 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

It was another down day for the dollar, as market players continued to price in a September Fed rate cut even after the U.S. retail sales report beat estimates. Meanwhile, gold struck another record high at the $3,700 levels while crude oil soared nearly 2% for the day. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: New Zealand Food Price Index for August 2025: 5.0% (5.2% forecast; 5.0% previous) Japan Tertiary Industry Activity Index for July 2025: 0.5% (0.2% forecast; 0.5% previous) China said it plans to unveil new policy measures to…

Fund managers still reluctant on crypto, BofA survey shows More than half of global investors have no structural exposure to cryptocurrencies, with allocations remaining negligible despite the market’s size and influence, Bank of America’s latest Global Fund Manager Survey has found.The survey, conducted in September, revealed that 67% of fund managers have zero allocation to digital assets such as bitcoin (BTC-USD), ether (ETH-USD), ripple (XRP-USD), and tether (USDT-USD). This underscores that, for many institutional investors, crypto remains outside the bounds of traditional portfolio construction.While a majority remain absent, a small minority have dipped a toe into the market. Just 3%…

The USDCHF has pushed lower, testing the July 1 low at 0.78714, with today’s price briefly dipping to 0.7874 before staging a modest rebound to 0.7885. This is a pivotal level for the pair: a sustained break below would mark a new yearly low and take the price to its lowest level since 2011—a milestone not seen in over a decade.For buyers, the key to holding confidence is straightforward: defend 0.78714. Staying above keeps the door open for a rebound, while a decisive move below would reinforce the bearish bias and invite further downside momentum.On the topside, regaining the July…

Gold extends its record-breaking rally and marks a fresh ATH near $3,703.A broadly weak US Dollar and subdued Treasury yields keep the metal well supported ahead of Wednesday’s Fed decision.US Retail Sales rose 0.6% MoM in August, sharply beating expectations of a 0.2% increase.Gold (XAU/USD) marked a fresh all-time high around $3,703 on Tuesday after consolidating just below that level for most of the day. At the time of writing, the XAU/USD is trading around $3,689. The metal remains underpinned by broad US Dollar (USD) weakness and subdued Treasury yields, with safe-haven demand adding support as traders position cautiously ahead…

Gold (XAU/USD) extended its rally in the second half of the day on Tuesday and reached a new record-high above $3,700.The broad-based selling pressure surrounding the US Dollar (USD) helps XAU/USD continue to push higher as investors gear up for the Federal Reserve’s (Fed) monetary policy announcements on Wednesday.Gold daily chartAlthough markets widely expect the Fed to cut the policy rate by 25 basis points (bps), the revised Summary of Economic Projections and the voting pattern within the Federal Open Market Committee (FOMC) could hint at dovish voices growing louder.Senate Republicans confirmed on Monday White House economic adviser Stephen Miran…

USD/CAD extends losses for the second day, trading near its lowest level since September 1.Canada’s headline CPI rose to 1.9% YoY in August, while core inflation held steady at 2.6%.US Dollar remains under pressure despite upbeat Retail Sales and Industrial Production data.The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Tuesday, with USD/CAD extending losses for the second straight day and dropping to its lowest level since September 1. At the time of writing, the pair is trading around 1.3744, down nearly 0.25% on the day, as traders looked past the domestic Consumer Price Index (CPI) report and…