Asian Stock Rally Continues; Swiss CPI Expected to Shrink; Case on Legality of US President's Tariffs Due Wednesday
The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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The US Federal Reserve lowered its benchmark rate by a quarter point at Wednesday’s meeting, while hinting that a further rate cut in December may not happen.
US Federal Reserve Says December Cut "Not a Foregone Conclusion", Boosts USD; US Agrees to Lower Tariffs on China, China to Buy US Soybeans; Major US Equity Indices Reach New Record Highs, NVIDIA Cap Tops $5 Trillion; Fed, Bank of Canada Cut Rates by 0.25%; Bank of Japan Leaves Rate Unchanged, 2 Members Vote to Hike; US Dollar Strong, USD/JPY Nears Multi-Month High; Soybeans Make Weak Long-Term Bullish Breakout
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US Federal Reserve, Bank of Canada Both Strongly Expected to Cut by 0.25%; Bank of Japan Policy Meeting Tomorrow; Stocks Advance to New Record Highs; Australian Inflation Rises Unexpectedly; President Trump Departs Japan for Korea
Yen Gains Strongly Following Kiuchi Comments; Stock Market Rally Takes a Break; Gold and Silver Plummet on High Volatility; Soybeans Set for 3-Month Breakout
US Trade Secretary Bessent Says China Ready to Deal on Tariffs / Rare Earths; Stocks Soar, Major Indices in USA, Korea, Japan, Europe Roar to New Record Highs; Soybeans Set for 3-Month Breakout
DXY Trading Above Former Resistance, but Price Action Unclear, USD/JPY Retests Last Week's High; Precious Metal Remain Volatile; Crude Oil Gains; Stock Markets Mixed
Precious Metals Fall Dramatically from Record Highs, but Gold and Silver Find Support; Stocks Mostly Higher, Major US Indices Close to All-Time Highs; New Japanese PM Vows Stimulus Package
Tuesday’s Canadian CPI data marked the first time in six months that inflation has exceeded the Bank of Canada’s (BoC) target of 2%.
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Precious Metals Regain Ground, Gold Makes All-Time High; Stocks Mostly Higher, Major US Indices Close to Highs on Earnings Optimism; Trump Optimistic on China Trade Deal
MSCI Asia Rises Powerfully to New All-Time High, Nikkei 225 >3% Higher, KOSPI Rises Strongly; Precious Metals Regain Some Ground; Trump Hints at China Tariff Compromise
Precious Metals on a Tear - Gold Trades at Record High Above $4,242, Silver Above $53.00, Palladium Also Reaches Long-Term High; Stock Markets Continue Weak Recovery on Trump "Trade War" Comment
Risk Assets Rise as Fed Chair Hints October Rate Cut; Precious Metals on a Tear - Gold Trades at All-Time High Above $4,187, Silver Above $52.30, Palladium and Platinum Also Gain; Stock Markets Continue Recovery; US Treasury Yields Near Lows
Summary: After President Trump signaled openness to a deal with China with optimism, stock markets rebounded strongly from Friday's sharp lows, with precious metals also benefiting strongly.
Precious Metals on a Tear - Gold Trades at All-Time High Above $4,059, Silver Retests Record High, Palladium Makes Meteoric Gain to 2-Year High, Platinum Rises to 12-Year High; Global Stock Markets Mostly Bullish, S&P 500, NASDAQ 100, DAX 30, Nikkei 225 All Reach Record Highs