Author: FX
In July, Canada experienced a slight decrease in inflation, as the headline Consumer Price Index (CPI) recorded a 1.7% increase compared to the same month last year. This figure marks a decline from June’s 1.9% rise and matches earlier projections, according to Statistics Canada. On a monthly basis, the CPI rose by 0.3%, an uptick from the 0.1% increase recorded in the previous month.The core CPI monitored by the Bank of Canada (BoC), which excludes volatile elements like food and energy, experienced a year-over-year increase of 2.6% and a monthly rise of 0.1%.This section below was published as a preview…
EUR/GBP trades with a firm tone near 0.8640 as markets brace for CPI data from the Eurozone and UK due Wednesday.Risk sentiment improves after Monday’s Trump-Zelenskyy summit fuels hopes of Ukraine peace progress.ECB President Lagarde’s speech on Wednesday could provide fresh forward guidance on inflation and policy.The Euro (EUR) is trading with a steady tone against the British Pound (GBP) on Tuesday, with the EUR/GBP cross hovering below the 0.8650 psychological mark at the start of the American session. Investors are trading with caution ahead of Consumer Price Index (CPI) reports due Wednesday from both the Eurozone and the United…
The Global X Uranium ETF ($URA) is an exchange-traded fund designed to provide investors with exposure to the uranium mining industry. It tracks the performance of the Solactive Global Uranium & Nuclear Components Total Return Index. This includes companies involved in uranium mining, exploration, and nuclear energy production. Launched in 2010, $URA offers a diversified way to invest in the growing demand for uranium, driven by the global push for clean energy and nuclear power. URA Elliott Wave chart monthly chart The monthly chart of the URA ETF indicates it bottomed out at 6.95. This marks the completion of a…
Eurostoxx +0.2%Germany DAX +0.1%France CAC 40 +0.2%UK FTSE +0.1%Spain IBEX +0.1%Italy FTSE MIB +0.3%It’s another sluggish day with traders and investors not having much to work with. US futures are down 0.2% after the more tepid showing yesterday, continuing to reflect some caution with all eyes on Fed chair Powell’s speech at Jackson Hole on Friday. But before that, there will be the Fed minutes and also key earnings from big retailers (Target and Walmart) as well as PMI data in the days ahead. This article was written by Justin Low at investinglive.com. Source link
The Heavy MT4 Indicator is a chart-based tool that works directly within the MetaTrader 4 platform. Its main job is to scan the market, analyze price action, and highlight possible entry and exit points. It filters out market noise those small, random price movements that often confuse traders so that the focus stays on meaningful price trends. Whether a trader is looking to buy during an uptrend or sell during a downtrend, the indicator provides a straightforward visual guide. Key Features and Benefits One of the best things about the Heavy MT4 Indicator is its versatility. Traders can use it…
We’re about to see the U.K.’s July CPI data! Our Event Guide for the July U.K. CPI release suggests that inflation may have cooled enough to tempt some traders into booking profits on Sterling’s recent run. But if the numbers come in hot enough to back the BOE’s gradual easing bias, the pound could still have more room to climb against the majors. 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!…
Salmon Evolution Q2 2025 slides: Negative EBITDA amid weak prices, Phase 2 expansion on track Source link
The U.K. CPI report is coming up soon, and the results could affect the split between hawks and doves in the Bank of England. Our Event Guide for the July U.K. CPI points out that inflation figures failing to support the central bank’s optimistic stance could unwind some of sterling’s recent gains. Here’s what I’m watching on GBP/AUD and GBP/JPY in this case. 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!…
The US Dollar Index finds support from positive signals toward a possible resolution of the Ukraine-Russia war.President Trump has begun preparatory steps for a trilateral meeting with Russian President Putin and Ukrainian President Zelenskyy.CME’s FedWatch tool shows markets are pricing an 84% probability of a 25-basis-point Fed rate cut in September.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground for the second successive session and trading around 98.20 during the Asian hours on Tuesday. The Greenback continues to improve after US President Donald Trump announced that begin the…
The Japanese Yen attracts some intraday buyers on Tuesday, though it lacks follow-through.The divergent BoJ-Fed policy expectations offer some support to the lower-yielding JPY.Hopes for a Russia-Ukraine peace deal undermine and cap gains for the safe-haven JPY.The Japanese Yen (JPY) recovers slightly from a four-day trough touched against a flattish US Dollar (USD) during the Asian session on Tuesday, though it lacks bullish conviction. The growing acceptance that the Bank of Japan (BoJ) will stick to its policy normalization path and hike interest rates by the year-end acts as a tailwind for the JPY. Apart from this, the cautious market…