Rate Cut Bets Rise, Safe Havens Reset — Time to Trade the Turn?

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CPI Miss, Gold’s Pullback & NZD/USD’s Fib Bounce

Markets shifted gears again this week as UK inflation data came in softer than expected, sending sterling tumbling and reigniting BoE rate cut bets. With CPI slowing to 3.4% y/y, traders are now pricing in a more dovish path — and GBP bulls are on the defensive.

Meanwhile, gold’s rally finally hit turbulence. After peaking above $4,380, the yellow metal plunged nearly 6% in a single session — its biggest drop since 2020. As Babypips explains, a mix of profit-taking, a stronger dollar, and easing geopolitical fears triggered the pullback. But with central bank demand and long-term inflation concerns still in play, the dip may be more of a reset than a reversal.

On the charts, NZD/USD is offering a trend continuation opportunity. The pair bounced off the 50% Fib retracement near .5850, aligning with a rising trendline and bullish momentum. A push above .5900 could open the door to .5950 or higher.

The theme? When data disappoints and sentiment resets, clean technicals offer clarity.

⚡GBP Slumps After September CPI Miss

• UK CPI slowed to 3.4% y/y, below expectations.

• Core inflation also eased, fueling BoE rate cut speculation.

• GBP dropped sharply across the board.

🔥Gold’s Wild Ride: Decoding the DipCPI rose 3.8% y/y, above expectations.

• Gold fell nearly 6% after hitting record highs above $4,380.

• Profit-taking, a stronger USD, and easing geopolitical risk drove the move.

• Long-term support remains intact, with central bank demand still strong

📊NZD/USD Trend Extension Opportunity

• NZD/USD bounced off the 50% Fib near .5850.

• A break above .5900 could target .5950 or .6000.

• Momentum favors bulls if support holds.

  Explore the Setup

This issue blends inflation misses with technical precision. As GBP stumbles and gold cools off, traders are reminded that when fundamentals shift fast, the charts often speak first.

Happy Trading!

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