Author: FX

The Bank of Canada delivered its second consecutive 25 basis point rate cut on Wednesday, bringing the overnight rate to 2.25%, but surprised markets by signaling the easing cycle may be over. The decision came as policymakers slashed growth forecasts dramatically, citing ongoing trade disruption that has fundamentally reshaped Canada’s economic landscape. While the rate reduction was widely anticipated, the central bank’s hawkish forward guidance caught some traders off guard, triggering an initial rally in the Loonie before broader market forces reversed the move. Key Takeaways Rate cut as expected: Overnight rate reduced 25bp to 2.25%, lowest since July 2022,…

AUD/CAD has been moving sideways lately and it looks like the range resistance is holding once again! Take a look at these potential targets on the 4-hour chart. AUD/CAD 4-hour Forex Chart by TradingView Stronger than expected Australian CPI data released earlier this week lifted this pair up to its long-term range resistance, which had been holding since mid-September. However, reversal candlesticks formed around R2 (.9200) to suggest that bears are still defending the ceiling for now, especially since the BOC seemed less dovish in their latest announcement. Is AUD/CAD setting its sights back down on the range support? Remember…

The MACD Histogram MT4 Indicator is a powerful momentum tool designed to show the relationship between two moving averages of a security’s price. It converts complex data into simple, visual bars that rise and fall based on market momentum. When the histogram bars increase, it signals strengthening momentum; when they decrease, it suggests weakness. Traders use this visual cue to anticipate potential trend reversals or continuations with greater accuracy. Key Features and Benefits This indicator allows traders to identify bullish and bearish signals without complex analysis. The histogram provides real-time updates as the market moves, making it suitable for both…

Samsung Electronics Q3 profit jumps 32% on conventional chip boom Source link

Australia’s Lynas Rare Earths, the largest rare earths producer outside China, reported a 66% jump in first-quarter revenue as global efforts to build Western supply chains lifted demand for strategic minerals.Revenue rose to A$200.2 million ($130 million) for the quarter ended September 30, up from A$120.5 million a year earlier. Impressive result, however it fell short of Visible Alpha’s consensus forecast of A$230 million, reflecting modest price pressure despite firm demand expectations.Lynas remains central to Western efforts to diversify away from China’s dominance in rare earth processing, with its Malaysian and Australian operations supplying key materials used in electric vehicles,…

Central banks dominated Wednesday’s trading as the Federal Reserve delivered an expected rate cut while simultaneously clouding the outlook for December, triggering sharp reversals across asset classes and sending a clear message that policy is “not on a preset course.” Check out the forex news and economic updates you may have missed in the latest trading session! Headlines & Data: Australia Consumer Price Index Growth Rate for September 30, 2025: 3.2% y/y (2.9% y/y forecast; 2.1% y/y previous); 1.3% q/q (1.0% q/q forecast; 0.7% q/q previous) Japan Consumer Confidence for October 2025: 35.8 (35.5 forecast; 35.3 previous) Swiss Economic Sentiment…

Illinois jury weighs case against ex-deputy who killed unarmed Black woman Source link

London copper prices rose to an all-time high today on prospects for a US-China trade truce.Copper is one of the most-levered trades to global growth and Chinese growth in particular. It’s also benefiting from expectations of demand around electricity demand, either via data centers or rebuilding green grids.There is a structural deficit building in markets and governments are looking to spur new investments in mines but there are extremely long — often +10 year — timelines to develop mines and that sets up the likelihood of a persistent deficit. It’s a theme I’ve been writing about for years and it’s…

Magnolia Oil & Gas Q3 2025 Earnings Preview Source link

The S&P CoreLogic Case-Shiller Index, released on October 28, showed U.S. home prices rising just 1.5% year-over-year in August 2025. That’s down from 1.6% growth in July and marks the seventh consecutive month of slowing. It’s also the weakest growth since mid-2023. That might not sound dramatic, but to traders and economists, home prices are like a fever thermometer for the economy. When home prices change, everything from your job prospects to inflation rates can shift. See, home prices aren’t just about real estate. They’re a leading economic indicator that can predict recessions, influence consumer spending, and signal whether the…