Author: FX

Gold may have come under pressure early this week but HSBC sees that as just being a brief setback for the precious metal. The firm sees the rally in gold carrying over to the new year, with prices set to peak in the first half of 2026.The key factors that HSBC are pointing to in driving the rally are safe haven flows, rising fiscal deficits, and renewed threats to the Fed’s independence as well as the US’ fiscal stability in general. Adding to that, the firm argues that strong inflows from ETFs and real money accounts will also continue to…

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EUR/JPY is having trouble making new lows below a mid-channel support zone. Think the pair has hit bottom this week? Check out what’s cookin’ on the 4-hour time frame! EUR/JPY 4-hour Forex Chart by TradingView The euro slipped a bit against the yen earlier this week, even after some upbeat mid-tier data out of the Euro Area. The move likely had more to do with yen strength than euro weakness. Traders turned less cautious after Trump and Takaichi’s meeting eased U.S.-Japan trade tensions, while Japanese officials’ comments on studying the impact of yen weakness revived talk of possible intervention. Remember…

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ECB members have been expressing neutral to hawkish views lately. Will we hear more of these optimistic remarks in the October ECB decision? Here’s what to look out for when trading this top-tier 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

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The MTF (Multi-Time Frame) Resistance and Support MT4 Indicator is a powerful trading tool that visualizes crucial price zones from higher timeframes such as H1, H4, and D1 on your current chart. These zones represent areas where the price has historically reacted—either bouncing upward or reversing downward. By combining these key levels from multiple timeframes, the indicator gives traders a broader market perspective, making it easier to anticipate potential turning points. Why It Matters in Trading Support and resistance are the backbone of technical analysis. However, most traders limit themselves to one timeframe, missing the bigger picture. This indicator bridges…

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Q3 and September month inflation data for Australia – it’s the quarterly data that is of most focusAustralia Q3 CPI data:Trimmed mean CPI +1% q/q (expected +0.8%, prior +0.6%)CPI (all groups) +1.3% q/q (expected +1.1%, prior 0.7%) Weighted median CPI +1% q/q (expected +0.9%, prior 0.6%)Trimmed mean CPI +3% yr/yr (expected +2.7%, prior 2.8%)Q3 CPI (all groups) +3.2% yr/yr (expected +3.0%, prior 2.1%)Weighted median CPI +2.8% yr/yr (expected +2.7%, prior 2.7%)Read the note below, this is critical data.—The Reserve Bank of Australia next meet on November 3 and 4. The jobs data a couple of weeks agoi ramped up pricing…

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Markets displayed mixed behaviors on Tuesday, with equities climbing to fresh record highs while bitcoin, gold, and oil prices fell despite broad U.S. dollar weakness. Technology megacaps continued their advance as investors looked forward to major earnings reports and assessed the implications of Microsoft’s expanded OpenAI partnership, while geopolitical tensions in the Middle East and questions about fiscal policy in multiple regions provided an undercurrent of caution. Check out the forex news and economic updates you may have missed in the latest trading session! Headlines & Data: U.S. President Trump praised Japan’s new Prime Minister Takaichi during his visit, pledged…

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