Author: FX
The Bank of Canada heads into its October meeting under pressure from U.S. tariffs that have hurt exports and dragged Q2 GDP down 1.6%, while core inflation still hovers above 3%. What are markets expecting, and how might CAD react to the event? We have the points you need to know! 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
After a string of lower highs and lower lows, USD/CAD finally hit a major support zone that lines up with the pair’s longer-term trend. Think USD/CAD will pop higher in the next trading sessions? Here’s what we’re seeing on the 4-hour time frame: USD/CAD 4-hour Forex Chart by TradingView Improved risk appetite and talks of a Fed rate cut pushed the U.S. dollar lower earlier this week. Meanwhile, the Loonie got a bit of love from firmer crude prices and all the risk-on vibes from U.S.-China trade optimism. Remember that directional biases and volatility conditions in market price are typically…
Since the latest U.S. inflation report came in much weaker than expected, will the Fed announce another interest rate cut this month? Or will they hold out on further easing? Either way, in the absence of major U.S. data points due to the prolonged government shutdown, the Fed decision could spur strong volatility and push USD in a clear direction. Here’s what to look out for in the October FOMC statement. 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…
Japan and US governments preparing release of fact sheet including potential investment projects in the US, senior Japanese government official says fact sheet to include power generation and automobile-related products as potential investment projectsfact sheet expected to include company names such as Mitsubishi Heavy Industries This article was written by Eamonn Sheridan at investinglive.com. Source link
The Back To The Future MT4 Indicator is built on the concept of historical pattern recognition. It scans past market data to find repeating trends and then uses those patterns to forecast possible future movements. This gives traders a visual roadmap of potential price paths, allowing them to plan entries and exits more strategically. Instead of reacting to what already happened, traders can anticipate what might come next. How It Works in Real Trading Conditions This indicator overlays predicted price movement lines directly on the chart. Traders can see possible future candles, support and resistance zones, and likely reversal areas.…
Bjoern Wylezich/iStock via Getty ImagesAlmonty Industries (NASDAQ:ALM) agreed to acquire a tungsten project in Montana for an unspecified amount of cash and stock, with plans to quickly turn it into the first U.S. mine in a decade to produce the metal, Bloomberg reported Monday. The Source link
US judge decertifies Apple app store class action Source link
China and Germany sought to cool talk of rising friction on Monday after German Foreign Minister Johann Wadephul abruptly postponed what would have been his first official visit to Beijing. Info comes via Reuters reporting.trip, planned as the first by a minister in Chancellor Friedrich Merz’s government, was cancelled at the last minute after China agreed to only one of Wadephul’s requested meetingsfollowed weeks of tension over Chinese export curbs on semiconductors and rare earths, as well as Berlin’s criticism of Beijing’s support for Russia and its actions in the Indo-Pacific.A German government spokesperson said Berlin still wanted “respectful and…
Markets surged on Monday as optimism over a potential US-China trade breakthrough dominated sentiment, with stocks hitting record highs while safe-haven assets retreated amid renewed risk appetite. Gold slid below $4,000 for the first time in two weeks as traders positioned for diplomatic progress between Washington and Beijing, while equities rallied on expectations of further Federal Reserve rate cuts this week. Check out the forex news and economic updates you may have missed in the latest trading session! Headlines & Data: Over the weekend Chinese and US trade negotiators announced diplomatic wins for Trump and Xi to unveil at upcoming…
adamkazOctober 27 is the only day of the year that all four major professional sports have games scheduled, headlined by game three of the World Series between the Los Angeles Dodgers and Toronto Blue Jays. Notably, there have only been 32 sports equinoxes Source link