Double Top Drama & CPI Fallout: This Week’s Market Moves

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CPI Miss Hits CAD, EUR/GBP Retests & Risk Sentiment Wavers

Markets shifted into caution mode as Canada’s July CPI came in softer than expected, with headline inflation falling to 1.7%—its lowest since early 2024. The Loonie weakened across the board, as traders priced in higher odds of a BoC rate cut next month. Meanwhile, EUR/GBP is pulling back toward the neckline of a recently broken double top pattern around 0.8630, now acting as resistance. This zone aligns with the 38.2% Fib and pivot level, making it a key decision point for bears and bulls alike. With geopolitical headlines still swirling and inflation data driving central bank recalibration, this issue helps you stay sharp at every turn.

⚡ Daily Broad Market Recap – August 19, 2025

• U.S. equities traded mixed as traders weighed Fed commentary and geopolitical risks.

• Gold held firm near $3,360 on safe-haven flows, while crude oil dipped on oversupply concerns.

• The dollar was range-bound ahead of Canada’s CPI release and upcoming Fed speeches.

📊 CAD Took Hits After Annual Headline CPI Fell to 1.7% in July

• Canada’s headline inflation slowed from 1.9% to 1.7% y/y, driven by a 16.1% drop in gasoline prices.

• Core inflation measures also eased, with the 3-month annualized trend falling to 2.4% from 3.4%.

• Rate cut odds for the BoC’s September meeting jumped to 39%, up from 31% pre-release.

 📉 EUR/GBP Pulling Back to Broken Double Top Neckline

• EUR/GBP is retesting the neckline at 0.8630 after breaking down from a double top pattern.

• This zone coincides with the 38.2% Fib and pivot resistance—watch for bearish continuation or a deeper pullback to 0.8670.

• Downside targets include 0.8600, 0.8560, and 0.8520 if sellers regain control.

  Explore the EUR/GBP Setup

This issue blends macro softness with tactical chart setups. From Canada’s inflation miss and EUR/GBP’s neckline retest to broader risk sentiment shifts, you’ll find the context and levels to trade with precision. Whether you’re fading CAD strength or watching euro-sterling for a continuation move, the roadmap is here.

Happy Trading!

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