US Stock Indices Fall Sharply; US Dollar, Treasury Yields Hit Fresh Highs; Trump-Xi Summit Awaits
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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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
US Stock Markets Rallied Strongly; Major Cryptocurrencies Make Bullish Breakouts; Markets Look Ahead to Trump/Xi Meeting
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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
The ECB last raised rates in June, the first rate hike since 2023, in response to the US-Iran war, which sent oil prices skyrocketing and pushed inflation higher. This scenario was repeated today, as renewed fighting in the Persian Gulf has pushed oil prices above $100 a barrel.
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ECB Expected to Hike Rate by 0.25% Today; Crude Oil Falling After Brent Breaks $100 on Hormuz Escalation; US PPI Data Release Today; Japanese Yen, Agricultural Commodities Remain Strong; US CPI Expected Unchanged Friday
Japanese Yen Remains Strong; Crude Oil Trades Higher on Iran Fighting; US Dollar Soft Ahead of Friday's CPI Release; Agricultural Commodities Near Highs
Equity traders care about crude because it rewrites forward EPS in real time. This guide breaks down exactly how — and what to position for next.
Yen Reaches Highest Level Since February as Rate Hike Expected; Crude Oil Continues to Gain on Hormuz Risk; US Dollar Weaker; Agricultural Commodities Continue to Trade Near Highs.
Japanese Yen Refuses to Give Up Gain; Bullish Trends in Wheat, Soybeans, Corn, and Sugar Persist; Gold Slips Below $4,400 on US Jobs; Crude Oil Continues to Gain as Fighting Continues Around Hormuz
The Bank of Canada (BoC) maintained its key interest rate at 2.25% on Wednesday, in a decision that was widely expected by the markets. The Canadian dollar has responded with slight gains against its U.S. cousin following the decision.