Stocks Rally on Weak US Jobs Data; US Dollar Breaks to 15-Month High; Euro is Weak; WTI Crude Oil Declines Above Support; Bitcoin & Ethereum Poised for Technical Breakout
The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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US PCE Below Expectations, Rate Cut Expectations Soften; US Dollar Remains Firm; EUR/USD Reaches New 1-Year Low; Stocks Mixed; Gold Subdued
Importantly, the Core PCE Price Index came in lower than the market estimate of 3.3%. On a monthly basis, core PCE ticked higher to 0.2%, up from a revised 0.1% in July but less than the market estimate of 0.3%.
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US PCE Inflation Report Due; Aussie Inflation Lower Than Expected; Fed Officials Split on Inflation & Rate Hikes, Hike Expectation Drops; US Dollar Slips; EUR/USD Reaches 1-Year Low; Gold Rebounds Weakly
RBA Hikes by 0.25% to 4.60%, AUD/USD Falls Anyway; US Dollar Strong on Multi-Year High Yields; US Stocks Fall Firmly; Gold, Silver Drop Strongly; Bitcoin Holds but Loses Momentum
Dollar, Oil Rise as Trump Rejects Iran Truce Proposal; Trump-Xi Summit Only Extends Trade Truce, Disappointing Markets
The Swiss National Bank (SNB) left its policy rate unchanged at 0% on Thursday. The decision was widely expected by the markets, and the Swiss Franc has shown a muted response to the announcement.
US Stock Indices Fall Sharply; US Dollar, Treasury Yields Hit Fresh Highs; Trump-Xi Summit Awaits
Stocks Continue to Gain, Led by Tech; NASDAQ 100 Index Closes at Record High; Bullish Crypto Sector; Risk Appetite Returns on Easing Oil Price and Iran Diplomacy; US Dollar Completes Bullish Breakout
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US Stock Markets Rallied Strongly; Major Cryptocurrencies Make Bullish Breakouts; Markets Look Ahead to Trump/Xi Meeting
The Federal Reserve raises rates for the first time since 2023, signals further tightening, and pushes the US Dollar higher while stocks retreat.
Fed Signals Further October Hike Likely, USD Reaches 7-Week High; Bank of England Policy Meeting Awaits; Yen Continues to Weaken; Soybeans Make Fresh 2.5-Year High; Crude Oil Falls
Markets Almost Unanimously Expecting 25bps Fed Hike Today; UK Inflation Expected to Rise to 3.1%; Crude Oil Remains Elevated; Japanese Yen Weakens; Soybeans Bullish Near 2.5-Year High Price
Markets See 90% Chance of Fed Rate Hike, 10-Year Treasury Yield>5%; Canadian Inflation Contracted as Expected, Loonie Weaker; Crude Oil Remains Elevated as Tensions Continue in Hormuz; Yen Weaker
Canadian CPI Data Due; Markets Awaiting US, UK Central Bank Meetings, UK Inflation; Bank of Japan and Fed Both Expected to Hike Rates Later; Yen Rise Pauses; WTI Crude Oil Remains Elevated Above $100