Market Update

Bitcoin extended its retreat on Thursday as traders parsed upbeat—but thin—headlines from a meeting between U.S. and Chinese leaders and a Federal Reserve message that offered little comfort to dovish hopes. The world’s largest cryptocurrency fell 2.5% to $110,225 by 01:52 ET (05:52 GMT), unwinding much of last week’s rebound …

The euro weakened below the 1.16 mark on Thursday, weighed down by diverging central bank strategies in the United States and the Eurozone. The European Central Bank kept interest rates unchanged, while the U.S. Federal Reserve’s recent quarter-point rate cut carried a hawkish tone, hinting at a possible pause in …

The BoJ left rates unchanged but kept its guidance that further hikes remain on the table if the economy tracks its baseline outlook—nudging focus toward a potential move as soon as December. Core forecasts were broadly intact, while the statement and presser sharpened attention on overseas risks and the growth …

The U.S. Federal Reserve delivered its widely expected rate cut on Wednesday, trimming the benchmark Federal Funds Target Range by 25 basis points to 3.75%–4.00%, but Fed Chair Jerome Powell poured cold water on expectations for another move in December, warning that “another cut is far from assured.”During his post-meeting …

The British pound slipped against the US dollar on Wednesday after the Federal Reserve confirmed a widely expected quarter-point interest rate cut and signaled continued steps to reduce its balance sheet. The decision, though fully anticipated by markets, still triggered fresh movements across major currencies as investors adjusted positions ahead …

The Fed has just enacted its second interest rate cut in a row, lowering the federal funds target range to a decisive 3.75 percent to 4 percent. This action, which brings the benchmark rate below 4 percent for the first time since late 2022, was a clear response to mounting …

Gold prices edged higher on Wednesday, reclaiming ground lost earlier in the week as global investors shifted focus to the U.S. Federal Reserve’s widely anticipated interest rate decision. The yellow metal traded just below the key $4,000 mark per ounce, recovering from a recent three-week low as traders adopted a …

The U.S. Federal Reserve is preparing to cut interest rates for the second time in as many months, as policymakers seek to balance modest inflation gains against a murky economic backdrop caused by the ongoing government shutdown. The decision, expected after the October policy meeting, is widely anticipated to lower …

In a surprising turn for currency markets, the Canadian Dollar surged to its strongest level in a month against the US Dollar, following a strategic move by the Bank of Canada that blended a rate cut with a clear signal of tightening ahead. The USD/CAD pair dropped to approximately 1.3893, …

Wall Street reached new heights on Wednesday as U.S. stock indices posted fresh record highs, fueled by the unstoppable rise of Nvidia — now officially the world’s first $5 trillion company. The milestone marks a historic moment for the tech-driven market, underscoring how artificial intelligence continues to redefine global finance …