Author: FX

The European Central Bank kept its key interest rates on hold during its October meeting, maintaining the deposit facility rate at 2.00% as inflation remains close to the central bank’s 2% medium-term target. Although policymakers noted that the eurozone economy continues to demonstrate resilience, they also warned that global trade tensions and geopolitical risks are clouding their outlook. Key Takeaways All three key ECB interest rates held unchanged: Deposit facility at 2.00%, main refinancing operations at 2.15%, and marginal lending facility at 2.40% Inflation assessment broadly stable: Inflation remains close to the 2% target with no major changes to the…

The ZIGZAG on Fractals MT4 Indicator is designed to filter out market noise and highlight key price structures. It works by connecting significant highs and lows on the chart using the ZigZag line, while fractals act as confirmation points for potential reversals. Together, they create a clear visual representation of the market’s movement, making it easier to identify patterns and predict the next possible price direction. How It Differs from the Standard ZigZag Indicator Unlike standard ZigZag indicators, this version adds a fractal-based confirmation layer. This means every swing point is validated by a fractal, improving reliability. Traders can use…

GBP/USD fell again on Thursday, grinding down toward the 1.3100 handle and tipping into six month lows at 1.3116. The Pound Sterling (GBP) continues to shed weight against the US Dollar (USD), and is down over 2% against the Greenback through the month of October alone.Cable has declined for all but one of the last ten straight trading days, plummeting from a half-hearted swing high into 1.3450 and is now knocking on the 1.3100 handle. GBP/USD has fallen below the 200-day Exponential Moving Average (EMA) near 1.3275, setting up Pound sellers for a continued backslide.The Federal Reserve (Fed) cut interest…

Gilead posts higher profit on demand for HIV drugs, but overall sales dip Source link

The Bank of Japan (BoJ) kept its policy rate unchanged at 0.5% on Thursday in a decision that fell short of some market expectations for a more hawkish signal, sending the Japanese yen tumbling to its lowest levels since February across the board. The Policy Board voted 7-2 to maintain the uncollateralized overnight call rate at around 0.5 percent, with board members Takata Hajime and Tamura Naoki dissenting in favor of raising rates to 0.75%. In explaining their dissent, Takata argued that Japan had shifted away from a deflationary norm and largely achieved the price stability target, while Tamura noted…

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…