Fed Holds Rates at 3.75%–4.00%, Two Officials Dissent for Rate Hike; Fed December Hike Still Expected; US Treasury Yields Fall; BoC Raises Rates; Technology Futures Retreat; ECB Expected to Hold Today
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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RBNZ Holds at 2.75% Against Hike Expectations; AUD/NZD Reaches 13-Year High; EUR/USD Nears 17-Month Low; Australian Inflation Strengthens RBA Hike Case; Dollar Near Two-Week High; Technology Stocks Recover; Bitcoin Reclaims $80,000
Bitcoin Tests Key Support; Five Major Central Banks Set Rates This Week; Crude Oil Retreats; Dollar Softens; Gold Trades Around $4,000
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New Zealand CPI Slows to 3.7%, but RBNZ Hike Remains Expected; US Dollar’s Decline Pauses; Asian Stocks Retreat; Crude Oil Rises; Bitcoin Retreats from $85,000
UK Inflation Surprise Puts Further Tightening in Focus; Dollar Retreats as Treasury Yields Ease; Stocks Recover on Earnings; Crude Oil Remains Elevated; Bitcoin Reclaims $82,000
The forecast decline of 0.30 points would leave the services index above the 50 threshold separating month-on-month expansion from contraction. A reading of 51.80 would therefore signal slower growth, rather than an outright fall in activity.
Canadian Dollar Gains Despite CPI Miss, Energy Drives Headline Inflation Higher; France Remains a Risk for Euro; Asian Stocks Retreat; Crude Oil Rises; Bitcoin Holds Above $80k; Gold Falls Back Below $4,200
France’s Debt Burden and High Energy Costs Fuel Political Pressure; Euro Slips; October Fed Hold Now Priced at 84% Probability; Tech Futures Recover After Heavy Losses; Crude Oil Retreats From Resistance
US Inflation Rises to 3.7%, Core Reading Also Beats Forecasts; US Dollar and Yields Reverse After Initial Gains; October Hike Odds Only 33%; Technology Stocks Sell Off Strongly; EUR/USD Briefly Makes New 17-Month Low Price
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For the Federal Reserve, the result does not establish a new trend on its own. Policymakers will need to see whether firmer inflation is confirmed by subsequent core-price, wage, and consumer-demand data.
US Annualised Inflation Expected to Rise to 3.6%; Williams Signals Limited Further Fed Tightening; EUR/USD Recovers Towards 1.1200; Asian Stocks Rebound; WTI Extends Rise Above Support; Bitcoin Holds Above $83,000
EUR/USD Nears $1.1150; US Dollar Near 18-Month High Ahead of Tomorrow’s CPI; Technology Stocks Retreat; WTI Holds Above $87.68 Support; Ethereum Breaks Below Key Support
US Dollar Remains Strong, CPI in Focus This Week; October Fed Hike Remains Unlikely; Stock Futures Rise; WTI Holds Above $87.68 Support; Gold Recovers Towards $4,200
Fed Remains Concerned About Inflation; US Dollar Near 18-Month High; US Stocks Retreat From Records; WTI Rises Further After Holding $87.68 Support; Bitcoin and Ethereum Approach Key Support Levels
US Stocks Extend Rally as Treasury Yields Ease; WTI Crude Oil Rebounds Weakly After Holding $87.68 Support; Euro Recovers; Markets Await Today’s FOMC Minutes