Author: FX

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

EUR/CHF is fast approaching a long-term resistance zone after bouncing from the .9200 area! Will the pair turn lower to extend a longer-term downtrend? Here’s what we’re seeing on the 4-hour time frame: EUR/CHF 4-hour Forex Chart by TradingView The European Central Bank meets this week, and markets widely expect President Lagarde and her team to keep policy unchanged in October. Some traders may even be looking for slightly hawkish language, especially after the Fed and the Bank of Canada both struck surprisingly hawkish tones earlier in the week. Meanwhile, the safe haven Swiss franc continues to struggle for sustained…

The Bank of Japan held its short-term policy rate at 0.5%, details here. In summary, the Bank of Japan held its short-term rate at 0.5% by a 7–2 votewith Takata and Tamura dissenting in favour of a hike Inflation forecasts were steady, growth modest, and the BOJ signalled patience amid trade and global uncertainty.Much more at that linked post. USD/JPY popped higher.The Nikkei stock index extended its gains higher This article was written by Eamonn Sheridan at investinglive.com. Source link

The Bank of Canada delivered its second consecutive 25 basis point rate cut on Wednesday, bringing the overnight rate to 2.25%, but surprised markets by signaling the easing cycle may be over. The decision came as policymakers slashed growth forecasts dramatically, citing ongoing trade disruption that has fundamentally reshaped Canada’s economic landscape. While the rate reduction was widely anticipated, the central bank’s hawkish forward guidance caught some traders off guard, triggering an initial rally in the Loonie before broader market forces reversed the move. Key Takeaways Rate cut as expected: Overnight rate reduced 25bp to 2.25%, lowest since July 2022,…