Author: FX

Gold rallies to fresh record highs above $3,800 as bullish momentum extends.A weaker USD and softer Treasury yields keep downside cushioned, while geopolitical tensions and US government shutdown risk add to safe-haven flows.Light US calendar on Monday with Pending Home Sales and remarks from St. Louis Fed’s Musalem and NY Fed’s Williams.Gold (XAU/USD) shines bright at the start of the new week, climbing past $3,800 for the first time. The yellow metal continues its historic run, printing yet another all-time high near $3,833 on Monday.At the time of writing, XAU/USD is trading near $3,831, up around 1.85% on the day,…

The Euro (EUR) moves higher against the US Dollar (USD) on Monday, with the EUR/USD pair trading around 1.1740, up 0.3% on the session, as investors await the release of the preliminary German inflation figures for September, due Tuesday at 12:00 GMT.Forex traders are cautious, aware that price dynamics in Germany could influence the European Central Bank’s (ECB) monetary policy expectations in the weeks ahead.The consensus forecast is for an annual rise in the Consumer Price Index (CPI) of 2.3% in September, up from the 2.2% advance seen in August, while the Harmonized Consumer Price Index (HCPI) is expected to…

WTI extends its corrective slide on Monday, resuming its pullback after peaking at a seven-week high late last week.Price action remains trapped between $61.50-$65.00 range since mid-August, with the 50-day SMA acting as a key near-term pivot.A sustained recovery above $65.00 and last week’s $66.19 peak would open the door for a retest of the July swing high near $70.00.West Texas Intermediate (WTI) Crude Oil kicks off the week on a softer footing, resuming its downside correction after peaking at a seven-week high on Friday. At the time of writing, WTI trades near $63.75 per barrel, down nearly 2.0% on…

For most of 2024 and into 2025, the default playbook for investors and even many family offices has been simple: stay long the S&P 500. It worked, and it worked without much need for active management. Add in a dash of gold for safety, and you had the consensus strategy. But markets don’t reward everyone who follows the crowd forever. Beyond the familiar equity indexes and the classic safe havens lies a set of metals often overlooked by mainstream portfolios – and that’s where platinum and, to a quieter degree, palladium are starting to turn heads.Why Platinum and Palladium Matter…

Cannabis stocks surge after Trump endorses cannabidiol for senior healthcare Source link

The RBA is widely expected to keep policy unchanged for now, but what if they deliver a surprise rate cut or a dovish hold? Our Event Guide for the RBA Decision points out that the latest jobs report from Australia came in much weaker than expected and could be enough reason for policymakers to call for easing. Here’s what I’m watching on AUD/CAD and AUD/JPY in this scenario. 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…

Is the U.S. dollar bracing to extend its late September uptrend? The U.S. Dollar Index (DXY) is fast approaching a key support zone that could draw in buying pressure. Here’s what we’re seeing on the 4-hour time frame: U.S. Dollar Index (DXY) 4-hour Forex Chart by TV The U.S. dollar is giving back part of last week’s gains as traders turn cautious ahead of a possible government shutdown. Uncertainty is also hanging over this week’s labor market reports, especially after several FOMC members stressed upside inflation risks and their data-dependent stance. Remember that directional biases and volatility conditions in market…

The RBA is up this week! Everyone and their momma expect Gov. Bullock and her crew to keep rates steady after August’s CPI came in at multi-month highs. Our Event Guide for RBA’s September Monetary Policy Statement suggests that, depending on the members’ commitment to further rate cuts, the Aussie will likely receive a brief lift from the central bank keeping its policies steady. In this scenario, AUD/JPY and AUD/NZD could gain from their current setups: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term…

After a strong August inflation report, markets are expecting the RBA to keep its interest rates steady in September. How might the Aussie react to the release? Here are the points you need to know if you’re trading RBA’s decision! 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

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.Previous close was 7.1349PBOC injected 288.6bn yuan via 7-day reverse repos at 1.40% Source link