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US dollar rebounds ahead of Powell and other Fed speakers. US futures also turn positive as Asian rally continues on China optimism. SNB cuts rates by 25 bps as expected as ECB mulls October cut.
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Increased expectations for another 50bps Fed cut. Dollar continues to suffer but euro’s strength is perplexing. Positive impact of China’s measures gradually fades. Gold and oil diverge despite Middle East developments.
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Dollar tries to recover as Fedspeak favors further cuts. China announces new measures, positive initial market reaction. Aussie benefits from another hawkish RBA meeting. Gold, oil and pound rallies continue.
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Eurozone PMIs dip into contraction zone, euro takes a dive. Stocks mixed as weak PMIs offset optimism about China stimulus. Dollar edges up as after Waller comments; Powell and PCE inflation eyed next.
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Dollar tumbles on bets of more aggressive Fed rate cuts. BoE keeps rates steady, reiterating cation about future cuts. BoJ stands pat, Ueda says more rate hikes are coming. S&P 500, Dow Jones and gold hit new record highs.
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SNB is expected to ease for third time; might cut by 50bps. RBA to hold rates but could turn less hawkish as CPI falls. After inaugural Fed cut, attention turns to PCE inflation. September flash PMIs to the rounds; spotlight on euro area.
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Fed lowers interest rates by 50bps. New dot plot signals another 50bps cuts by December. Wall Street closes in the red, futures point to higher open. BoE and BoJ take the central bank torch.
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Dollar trades indecisively ahead of important Fed decision. Investors assign a strong 60% chance for a 50bps cut. Wall Street and gold traders also on the edge of their seats. Pound rebounds on stick UK inflation.
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Boost your trading with 60+ free live shows 👉 https://bit.ly/3Ur1GUF. Watch XM Live Education every weekday, from 6:00–15:00 GMT (summer time) / 7:00–16:00 GMT (winter time).
🗣️ Krunal Rindani – an expert trader, CFA-certified analyst, renowned mentor, and host of a stock trading podcast – will share his secrets to success with you in our exclusive interview!
0:48 – Tell us about your trading career.
7:16 – What device do you use, and what's your trading style?
12:21 – How do you approach sentiment analysis?
14:36 – What does the CFA program cover?
20:09 – India's economy and tech sector.
27:38 – Trading world in India.
34:11 – Indian industrial sector.
40:30 – The role of gold in India.
Host: Gil Paz, Trading Expert at XM Live Education.
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Stocks in the green as a 50bps Fed rate cut is expected. US retail sales today could prolong dollar’s weakness. Loonie could suffer from another weak CPI report. Gold remains bid as US yields continue to drop.
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In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.
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