Author: FX
Markets navigated a complex session on Thursday as major central banks held rates steady while President Trump and Chinese President Xi Jinping reached a trade truce that fell short of transformative breakthroughs. The US dollar and gold strengthened broadly, while equity markets pulled back on concerns about AI spending returns and tempered Federal Reserve rate cut expectations. Check out the forex news and economic updates you may have missed in the latest trading session! News Headlines & Data: President Trump and Chinese President Xi Jinping reached a significant trade truce during their meeting in South Korea. The meeting, described by…
Apple beats forecasts on iPhone and services strength, but China slump caps upsideApple posted stronger-than-expected fourth-quarter earnings, driven by robust iPhone and services revenue, though softer sales in China and slightly higher costs muted the overall picture.The tech giant reported earnings per share of $1.85, above estimates of $1.77, on revenue of $102.47 billion, narrowly topping forecasts of $102.19 billion.iPhone sales climbed 6.1% year-on-year to $49.03 billion, powering overall product growth. Services revenue rose to $28.75 billion (vs. $28.18 billion est.), continuing its steady expansion as Apple’s high-margin growth engine. Other segments also delivered small beats:Mac revenue $8.73 billion, iPad…
Nomad Foods announces pricing of term loans Source link
The Swiss Franc (CHF) weakens against the US Dollar (USD) on Thursday, with USD/CHF extending its advance to a two-week high around 0.8026, as the Greenback strengthens broadly following the Federal Reserve’s (Fed) latest interest rate decision and renewed optimism over a US-China trade truce.The US Dollar Index (DXY), which measures the Greenback’s performance against a basket of six major currencies, surged to a three-month high near 98.53 at the time of writing, reflecting renewed buying interest after the Fed signaled a more cautious approach toward further rate cuts.On Wednesday, the Fed delivered a second consecutive 25-basis-point (bps) rate cut,…
The EURUSD fell into the ECB rate decision and press conference.. The low price reached 1.15463. That was within 5 pips of the double bottom from early October at 1.15413. Early buyers leaned against the lows, and the price has pushed higher.The rebound took the pair back into a swing area between 1.15760 and 1.15929. The price reached 1.1583 before rotating back lower. The current price is trading below that swing area at 1.1568 keeping the sellers in control.Going forward as long as the price to remain below the swing area up to 1.15929, a push back down toward the…
Safe and Green Development (SGD) said on Thursday that it has satisfied in full and retired all of its outstanding convertible debt obligations. This milestone marks a significant achievement in strengthening the company’s balance sheet. Safe and Green Development (SGD) shares were up more than 12% in premarket trading. More on Safe and Green Development Corporation Source link
The Federal Reserve delivered exactly the rate cut everyone expected, but then Chair Jerome Powell threw a curveball that sent stocks tumbling, bond yields spiking, and the dollar surging. What a whiplash! Here’s what happened at yesterday’s FOMC meeting, how markets reacted, and what it all implies for dollar direction from here. The Expected Cut That Became Unexpected The Decision: As widely expected, the Federal Reserve cut interest rates by 0.25%, bringing the benchmark federal funds rate down to a range of 3.75% to 4.00%. This marks the Fed’s second rate cut of 2025, following a similar quarter-point cut in…
Prior -14.9Economic confidence 96.8 vs 96.0 expectedPrior 95.5; revised to 95.6Services confidence 4.0 vs 3.8 expectedPrior 3.6; revised to 3.7Industrial confidence -8.2 vs -10.0 expectedPrior -10.3; revised to -10.1Euro area economic sentiment is seen improving further in October but overall, it doesn’t say much with conditions still staying as they are in keeping the ECB sitting on their hands. Germany is still the main focus now, with inflation pressures remaining stubborn amid flagging economic growth. This article was written by Justin Low at investinglive.com. Source link
The HCOB Spain Composite PMI rose to 52.1 in June 2025 from 51.4 in May, signaling faster growth in the country’s private sector, though the pace remained well below the levels seen earlier in the year. The HCOB Spain Composite PMI rose to 52.1 in June 2025 from 51.4 in May, signaling faster growth in the country’s private sector, though the pace remained well below the levels seen earlier in the year.The HCOB Spain Composite PMI rose to 52.1 in June 2025 from 51.4 in May, signaling faster growth in the country’s private sector, though the pace remained well below…
Despite high expectations, Trump didn’t discuss Nvidia’s Blackwell chip with Xi Source link