London close: Stocks finish higher as BoE holds rates
London stocks closed higher on Thursday, buoyed by the Bank of England's widely-expected decision to leave interest rates unchanged.
Stock market today: Dow surges 462 points as stocks rally after jumbo Fed rate cut
Indexes rallied Thursday as investors continue to digest Wednesday's jumbo rate cut from the Fed.The Fed cut rates by 50 basis points in its first
EUR/USD: EUR rebounds from post-Fed low – Scotiabank
EUR/USD has climbed steadily through the overnight session to regain yesterday’s post-Fed peak against the USD, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Stocks shine, Treasury yields rise as rate cut stokes risk appetite
(Corrects headline to show longer-dated Treasury yields rose)By Isla BinnieNEW YORK :Wall Street indexes marched past previous record highs after global counterparts booked gains and longer-dated Treasury yields rose on Thursday as the start of the Federal Reserve's first interest rate cutting cycle i
Pound Sterling Price News and Forecast: GBP could target multi-year highs on hawkish BoE vote split
GBP/USD touched its highest level since March 2022 near 1.3300 in the early American session on Wednesday.
EUR/GBP continues breaking lower after BoE leaves interest rate unchanged
EUR/GBP is trading lower in the 0.8390s on Thursday, as it extends its breakdown from the shallow channel it had been edging higher within since the end of August.
Wall Street hits records — here are the winners and the losers after the Fed rate cut
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
One number shows why the economy might not get the immediate relief many hope for
The 10-year Treasury yield is the key rate to watch for many borrowers.The bond yield has been rising, not falling, since the Fed announced its big rate
NZD/USD: Likely to trade in the 0.6150/0.6270 range – UOB Group
The New Zealand Dollar (NZD) is likely to trade in a 0.6150/0.6270 range, UOB Group FX analysts Quek Ser Leang and Victor Yong note.
Europe open: Stoxx powers ahead on hefty US rate cut; Next surges
European stocks made a strong start on Thursday - up 1% - after the US Federal Reserve's hefty 50 basis point rate cut overnight.
USD/CHF hangs near daily low amid weaker USD, manages to hold above mid-0.8400s
The USD/CHF pair attracts some sellers following an intraday uptick to the 0.8515 area, or a one-week high and drops to a fresh daily low during the first half of the European session on Thursday.
London pre-open: Stocks seen up as Fed cuts rate by 50 basis points; BoE eyed
London stocks were set to gain at the open on Thursday after the US Federal Reserve cut rates by 50 basis points and as investors eyed the latest policy announcement from the Bank of England.
10-year Treasury yield jumps as investors bet there's no recession ahead
U.S. Treasury yields were higher Thursday as investors digested the Federal Reserve’s decision to cut interest rates by 50 basis points on Wednesday.
EUR/GBP remains on the defensive near 0.8400, eyes on BoE rate decision
The EUR/GBP cross drifts lower to near 0.8405 during the early European trading hours on Thursday.
Forex Today: Will the BoJ surprise markets?
The Greenback could not sustain the optimism seen during the Asian trading hours, eventually surrendering that advance and ending the day with marked losses as investors assessed the prospects of further easing by the Fed in the months to come.
GBP/JPY holds positive ground above 188.50 ahead of BoE rate decision
The GBP/JPY cross trades in positive territory for the fourth consecutive day near 188.65 on Thursday during the early European session.
Pound Sterling Price News and Forecast: GBP/USD attracts some dip-buyers
The GBP/USD pair finds some support near the 1.3150 region on Thursday and for now, seems to have stalled its retracement slide from the 1.3300 neighborhood, or the highest level since March 2022 touched the previous day.
GBP/USD trims a part of intraday losses, down a little below 1.3200 ahead of BoE
The GBP/USD pair finds some support near the 1.3150 region on Thursday and for now, seems to have stalled its retracement slide from the 1.3300 neighborhood, or the highest level since March 2022 touched the previous day.
Watch These Key S&P 500 Levels Following The Fed's Supersized Rate Cut
The S&P 500 will remain in focus on Thursday after the index closed slightly lower following the Federal Reserve’s decision to slash its benchmark rate by 50 basis points. Monitor these important chart levels.
S&P 500, Dow Rise More Than 1% To New Highs In Delayed Rate Cut Rally
The bond market has not reacted as gleefully to the Fed’s shift toward stimulatory rate cuts.
US close: Stocks fall, markets choppy as Fed slashes interest rates by 50bp
US stock markets finished a memorable day in the red on Wednesday as the Federal Reserve made its biggest cut to interest rates in 16 years.
Dollar drops as Fed cuts rates by half a percentage point
NEW YORK : The dollar dropped after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the U.S. central bank's 2 per cent annual target.The Fed cut the overnight rate to the 4.75 per cent-5.00 per cent range a
Dollar gains ground after Fed delivers bumper 50 basis point rate cut
NEW YORK :The dollar edged higher in choppy trading after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the U.S. central bank's 2 per cent annual target.The Fed cut the overnight rate to the 4.75 per cent-5.0
London close: Stocks slip ahead of much-awaited Fed decision
London's stock markets closed lower on Wednesday, as investors digested the latest UK inflation figures and looked ahead to the US Federal Reserve's policy announcement later in the day.
EUR consolidates in low 1.11 zone – Scotiabank
EUR/USD remains little changed on the day. Spot is trading flat and holding within yesterday’s range in the wait of the upcoming FOMC, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
EUR/GBP extends breakdown after release of UK inflation data
EUR/GBP is trading lower on Thursday, exchanging hands in the 0.8420s as it continues falling after breaking out of the shallow channel it had been rising in since the end-of-August lows.
GBP rebounds from mid-1.31s – Scotiabank
UK CPI data that came earlier dampened already low BoE easing expectations for the upcoming meeting, while the Pound Sterling (GPB) pushed higher on the data to retest yesterday’s highs in the low 1.32s, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
GBP/USD Price Forecast: Retreats from three-week high, holds to gains above 1.3200
The Pound Sterling posted modest gains during the North American session, hitting a three-week high of 1.3254, but failed to gain traction as traders braced for the Federal Reserve’s monetary policy decision.
Stock market today: Indexes edge up ahead of major Fed interest rate decision
US indexes edged higher as investors waited for a likely interest rate cut from the Fed. The central bank will wrap up its policy meeting at 2 p.m. ET,
Stock prices near record highs as Fed takes center stage
Yesterday, the S&P 500 index reached a new record high of 5,670.81, briefly surpassing the previous high from July 16 before reversing and closing just 0.03% higher.
US open: Stocks mixed as traders await FOMC decision
Wall Street stocks were mixed early on Wednesday as market participants looked ahead to the outcome of the Federal Reserve's two-day policy meeting.
USD/CNH: To trade in a sideways range of 7.0700/7.1300 – UOB Group
The US Dollar (USD) is likely to trade in a sideways range of 7.0700/7.1300, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
USD/JPY Price Forecast: Slips from 4-day peak, hovers below 142.00
The USD/JPY dropped after reaching a four-day high of 142.47, yet it remains range-bound during the North American session.
USD/JPY corrects below 142.00 ahead of Fed verdict
The USD/JPY pair drops below 142.00 in Wednesday’s European session.
USD/JPY: Markets are bracing for volatile moves after FOMC – OCBC
USD/JPY was last seen at 141.63 levels. The pair rebounded, alongside higher UST yields after better-than-expected US data.
USD/JPY: The pair can test 142.80 near term – UOB Group
As long as the US Dollar (USD) remains above 140.90, it could test 142.80 before leveling off.
last updated on 19 Sep 23:01