MacroSetup in 25 seconds: the 8 majors scored every trading day, the pairs where strong meets weak, and the reason behind every score. Up to 14 days free: 7 without a card, 14 with one. macrosetup.com/?utm_source=x…

How does a daily loss limit change position size? It caps the day, not the trade. Two positions on correlated pairs can hit the limit together, so the size that matters is the total risk open at once, not the risk per trade.

🇨🇦 The Bank of Canada's policy rate: 2.25%. Last decision: a hold, 2 September. Next decision: 28 October, in 7 days. Hold, hike or cut on 28 October?

Today's forex calendar: New Zealand CPI at 21:45 UTC. Our ranking of the 8 majors, with the reasons: link in bio. Not financial advice.

🇬🇧 UK CPI (Sep, ONS) Actual: 3.5% y/y, core 2.8%, services 3.7% Expected: 3.4% y/y Previous: 3.1% y/y Above expectations.

🇬🇧 UK CPI (Sep, ONS) in 40 minutes, 06:00 UTC Expected: 3.4% y/y Previous: 3.1% y/y Above or below expectations? Reply with your call.

Among the 8 majors today, CHF led (+0.10%) and EUR lagged (-0.16%). Strongest: CHF +0.10%, CAD +0.09% Weakest: EUR -0.16%, AUD -0.08% By the ECB reference rates against an equal basket of the eight, price only.

Why does a spread widen around a news release? Because the people quoting prices do not know where the market will settle, so they quote wider to protect themselves. A stop inside that widening can be taken out at a price you never saw on the chart.

🇳🇿 The RBNZ's policy rate: 2.75%. Last decision: a 25 bp hike, 2 September. Next decision: 28 October, in 8 days. Hold, hike or cut on 28 October?

No high-impact releases on the forex calendar today, Tue 20 Oct. Next up: UK CPI, Wednesday 06:00 UTC. Where each of the 8 majors stands before it, and why: link in bio. Not financial advice.

🇬🇧 UK labour market (ONS) Actual: unemployment 4.7%, regular pay growth 3.7% y/y, payrolls +1k m/m Expected: unemployment 5.0% Previous: 4.9% Below expectations.

🇬🇧 UK labour market (ONS) in 40 minutes, 06:00 UTC Expected: unemployment 5.0% Previous: 4.9% Above or below expectations? Reply with your call.

UK labour market report tomorrow, 06:00 UTC. Stronger or weaker than expected? Vote, and the outcome follows here when it is out.

Among the 8 majors today, CAD led (+0.54%) and EUR lagged (-0.32%). Strongest: CAD +0.54%, AUD +0.32% Weakest: EUR -0.32%, JPY -0.21% By the ECB reference rates against an equal basket of the eight, price only.

What is forward guidance? What a bank says about what it intends to do next. It moves currencies because it changes the expected path of rates, which is what prices are built on, long before any rate actually changes.