Learn Forex Trading With Babypips.com

US CPI lands Wednesday after payrolls contracted and Iran ruled out talks. Six weighted lanes, ATR-sized levels, and the first published projections above gold’s chart.

Gold posted its biggest week since January, oil gapped through three published levels, and the 28% base case failed every trigger leg. Full grade inside.

Four quiet sessions of Hormuz headlines gave way to a payrolls shock that knocked the dollar down, lifted gold to two-month highs, and reset Fed rate bets.

Canada added 75,000 jobs in July 2026, far above forecasts, pushing unemployment to a two-year low of 6.4%. But wage growth is cooling fast.

U.S. payrolls fell 23,000 in July 2026, far below forecasts. May and June were revised down 103,000 combined, clouding the outlook for the Fed’s September meeting.