Author: FX
Fundamental OverviewGold extended the rally into yet another all-time high today given the lack of bearish catalysts. The uncertainty around the recent renewed US-China trade war also added further support to the market. The market has just been driven by inertia lately as we haven’t got not even one single bearish catalyst. As of now, we would likely need a significant escalation in US-China trade war to trigger a bigger pullback in gold as the drop in inflation expectations and recessionary fears should weigh on the market.In the bigger picture, gold should remain in an uptrend as real yields will…
The EUR/GBP cross drifts lower to around 0.8705 during the early European session on Wednesday. The Euro (EUR) remains weak against the Pound Sterling (GBP) after France’s President Emmanuel Macron reappointed Sébastien Lecornu as Prime Minister. The Eurozone Industrial Production data for August will be released later on Wednesday. Lecornu suspended a landmark 2023 pension reform until after the 2027 presidential election in a bid to end the political turmoil that has gripped the country for months. The reappointment was widely seen as a temporary measure. Traders are concerned that Lecornu’s weak government can survive long enough to deliver a meaningful…
Chinese autonomous driving firm WeRide taps banks for Hong Kong listing, sources say Source link
Another major pullback seems to be underway for USD/JPY, as the pair is closing in on these Fibonacci retracement levels on the daily time frame. Take a look at these potential inflection points that could be tested in the upcoming trading sessions! USD/JPY Daily Forex Chart by TradingView This dollar pair has been forming higher highs and higher lows since May this year, cruising inside a solid ascending channel on its daily time frame. Price is hitting a ceiling at the channel top and appears to be closing in on the 38.2% Fibonacci retracement level. Will USD/JPY buyers hop back…
Range traders gather around! EUR/AUD is back testing a key resistance area for the second time this month. Will the range pattern hold? Or will we see a breakout in the next trading sessions? EUR/AUD 4-hour Forex Chart by TradingView Rising U.S.-China trade tensions are putting a lid on Aussie demand, keeping the China-linked and commodity currencies on the back foot against the majors. The euro’s not looking too strong either. Soft economic data and political noise out of France have made it tough for traders to find reasons to buy the common currency. All eyes are now on the…
The U.K. labor market deteriorated further in the three months to August 2025, with unemployment rising to 4.8% – its highest level since May 2021. The latest Office for National Statistics data revealed a concerning mix of rising joblessness and persistent wage pressures that complicated the Bank of England’s (BOE) policy outlook. The latest reports suggest that U.K. businesses are reducing hiring or choosing not to replace departing workers as economic uncertainty mounts. The deteriorating employment conditions also partly reflected the impact of higher National Insurance contributions and increased minimum wages implemented earlier in 2025. Key Takeaways: Unemployment rate jumped…
China September CPI -0.3% y/y vs. expected -0.2%, prior -0.4%more to come This article was written by Eamonn Sheridan at investinglive.com. Source link
The RDI Forex Forecast MT4 Indicator is a technical analysis tool that projects possible market trends based on historical data and price momentum. It visually displays forecasted zones on your MT4 chart, allowing traders to anticipate market reversals or continuations before they happen. This indicator is ideal for both beginners and experienced traders who want to improve their accuracy without relying solely on manual analysis. Key Features and Functions One of the main strengths of the RDI Forex Forecast Indicator is its ability to identify market sentiment. It uses advanced algorithms to analyze price behavior and generate directional predictions. The…
Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter said early Wednesday that recent data has been a little stronger than expected, adding that inflation is likely to be stronger than forecast in the third quarter (Q3). Key quotesRecent data has been a little stronger than expected.Inflation likely to be stronger than forecast in Q3.Labour market and economic conditions might be tighter than assumed.Employment growth has slowed by more than expected.Uncertainty about the global outlook remains elevated.Board will adjust policy as appropriate as new information comes to hand.Slower productivity lowers economy’s speed limit and pace at which wages can grow.Slower productivity linked…
Markets navigated a volatile session on Tuesday, with risk assets pressured by escalating US-China trade tensions before recovering on hopes for continued dialogue, while gold extended its historic rally to fresh record highs above $4,100 per ounce. The session was marked by competing narratives as China’s retaliatory measures against US firms clashed with reassurances from trade officials that President Trump and President Xi Jinping remain scheduled to meet later this month. Check out the forex news and economic updates you may have missed in the latest trading session! Headlines & Data: New Zealand Electronic Card Retail Sales for September 2025:…