Author: FX

After reducing the policy rate by 25 basis points to 3.00% in its January meeting, Bank of Canada Governor Tiff Macklem takes the stage to discuss the bank’s decision, the Monetary Policy Report (MPR), and answer questions from the press. With markets eager for insight, Macklem is expected to provide clarity on the decision and what’s next for monetary policy in Canada amid mounting threats of US tariffs.   Key Quotes Inflation is expected to remain close to the target over the next two years. Household spending is spreading to other sectors. Labour market remains soft. GDP growth forecast has been…

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In forex trading, there is only one thing you are in control of: yourself. Markets can move this way and that, you can score some winning trades, and you may wind up losing some of your trades, but the bottom line is that the amount you win or lose is still under your control. Research and analysis play important roles in coming up with good trade ideas, of course, but there will always be those market-shocking events that happen out of the blue. This is where preparation and proper trade execution become crucial to reduce your potential losses from unexpected…

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EUR/JPY slides to near 161.60 as the Euro faces selling pressure ahead of the ECB policy meeting on Thursday. The ECB is almost certain to cut its Deposit Facility rate by 25 bps to 2.75%. Growing bets towards more interest rate hikes from the BoJ this year have boosted the Japanese Yen. The EUR/JPY pair slumps to near two-day low of 161.60 in Wednesday’s European session. The cross faces a sharp selling pressure as the Euro (EUR) underperforms its major peers, except antipodeans, as market participants are confident that the European Central Bank (ECB) will cut its Deposit Rate by…

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The Fed is widely expected to sit on its hands for the time being, so traders are keen to find out when the next policy moves might be. Our Event Guide for the January FOMC Decision points out that several FOMC members have been calling for a more measured approach to easing, given the latest economic improvements. Check out these potential breakouts on USD/JPY and USD/CAD if the Fed shifts to a more hawkish stance this week. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable…

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After cutting interest rates back in December, is the ECB still dovish enough to ease again this month? Policymakers have been reiterating a gradual approach to easing, but a handful seem inclined to announce yet another 0.25% rate cut. Here are the points you need to know about the upcoming ECB 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 Access to exclusive MarketMilk™ sections Plus More! Source link

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Gold’s sitting just under the key $2,800 level and looks like it’s shaping up for a potential reversal. Are gold bugs just catching their breath, or is this the start of a longer-term trend shift? We’re taking a closer look at the 4-hour chart for clues! Gold (XAU/USD) 4-hour Forex Chart by TradingView Gold’s been delivering pips all week as traders steer clear of “riskier” assets amid global growth jitters and trade worries. Meanwhile, the U.S. dollar is struggling to hold onto its gains, with markets already pricing in a Fed rate cut—and potentially more down the road—following Trump’s push…

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