Russia Producer Price Index (YoY) climbed from previous -0.3% to 0.4% in August Source: fxstreet.com (Read Full Article)
EUR/USD steady near four-year highs as Fed decision looms
The Euro (EUR) is little changed against the US Dollar (USD) on Wednesday, with EUR/USD pausing a four-day winning streak after hitting its highest level since September 2021 on Tuesday. Source: fxstreet.com (Read Full Article)
Gold price steadies as Fed decision, Powell press conference loom
Gold price holds firm during the session on Wednesday amid increasing tensions as market participants await the monetary policy decision of the Federal Reserve (Fed). XAU/USD trades at $3,685, down 0.09%. Source: fxstreet.com (Read Full Article)
Dow Jones Industrial Average rises to retest 46,000 ahead of Fed rate call
The Dow Jones Industrial Average (DJIA) found some room on the high side on Wednesday, with thin volumes bolstering the major equity index back into the 46,000 handle just ahead of the Federal Reserve’s (Fed) blockbuster interest rate call. Source: fxstreet.com (Read Full Article)
Federal Reserve set to cut interest rates in potentially most divisive meeting in decades
The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP), the so-called dot plot, following the September policy meeting on Wednesday. Source: fxstreet.com (Read Full Article)
Two stocks likely to benefit from Fed interest rate cuts: BDN, OZK
The stock market is noticeably mixed on Wednesday in the leadup to the Federal Reserve’s (Fed) interest rate decision, scheduled for 14:00 EST. Source: fxstreet.com (Read Full Article)
US initial jobless claims 231K vs 240K expected
Prior 263K (revised to 264K)Continuing claims 1920K vs 1950K expectedPrior 1939K (revised to 1927K)The data is better than expected across the board and continuing claims seem now on a downward trend. Last week, we got a spike in initial claims but it was later reported that they were negatively affected by a big spike in Texas and those filings were fraudulent. This article was written by Giuseppe Dellamotta at investinglive.com. Source: investinglive.com (Read Full Article)
US September Philly Fed business index +23.2 vs +2.5 expected
Prior was -0.3Details:Employment: ___ vs 5.9 last monthPrices paid: 46.8 vs 66.8 last monthNew orders: +12.4 vs -1.9 last monthShipments: ___ vs 4.5 last monthUnfilled orders: ___ vs -16.8 last monthDelivery time: ___ vs -5.4 last monthInventories: ___ vs -6.2 last monthAverage workweek: ___ vs 4.7 last monthSix-months from now indicators:6 month index: 31.5 vs 25.0 last monthCapex index 6-month forward: 12.5 vs 38.4 last monthNew orders vs 39.2 last monthPrices paid vs 68.4 last monthEmployment vs +12.7 last monthThe Empire Fed manufacturing survey earlier this week was at -8.7 compared to +5.0 expected and +11.9 previously. This article was written by Adam Button at investinglive.com. Source: investinglive.com (Read Full Article)
China resists Fed easing, holds 1.40% rate as exports and stocks buoy outlook
China’s central bank, the People’s Bank of China, left its key seven-day reverse repo rate unchanged at 1.40% on Thursday, signalling no urgency to ease policy even after the U.S. Federal Reserve cut rates hours earlier. Analysts say resilient exports and a surging stock market near decade highs have given Beijing space to hold fire despite a slowing economy. Goldman Sachs economist Hui Shan noted that August data showed the downturn was less severe than expected, with authorities potentially deferring some stimulus to next year.Nomura’s Ting Lu cautioned that major easing could fuel a stock bubble, though a modest 10bp cut remains possible if markets correct. Other analysts expect policy support later this year to safeguard China’s growth target of “around 5%.” ANZ’s Xing Zhaopeng said further measures may come in Q4, but longer-term structural reforms under the upcoming October plenum remain a priority. This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)
investingLive Asia-Pacific FX news wrap: NZ, Australian data shift AUD and NZD
New Zealand GDP fell 0.9% in Q2, adding pressure on the RBNZ to accelerate cuts, while Australia’s labour data, steady HK and China policy decisions, and US crypto ETF news rounded out the session. Markets saw modest FX moves on the data flow.China resists Fed easing, holds 1.40% rate as exports and stocks buoy outlookYuan gains could trigger hundreds of billions in corporate dollar sales.Mercer says Trump’s trade and Fed pressure spur investor shift away from US assets.Australia loses 5,400 jobs in August, unemployment steady at 4.2%. What’s deal with that?Goldman Sachs AM sees Fed cutting 25bp in October and December after latest moveAUD/USD has been marked down following the disappointing job loss numbers in AugustAustralia August 2025 jobless rate 4.2% (vs. 4.2% expected)PBOC sets USD/ CNY reference rate for today at 7.1085 (vs. estimate at 7.1113)Meta launches $799 Ray-Ban Display AR glasses with neural wristbandNew Zealand dollar extending its losses after terrible data, forecasts for more rate cutsWestpac forecasts Reserve Bank of New Zealand rate cuts in October and NovemberJapan machinery orders +4.9% y/y (expected +5.4%)Hong Kong’s central bank follows the Fed, cuts base rate by 25bp to 4.5%Bank of England meeting preview – to slow bond sales, keep rates steady at 4%Reuters: China auto glut sparks discounts, gray markets, and survival fears for carmakersNew Zealand Q2 GDP -0.9% q/q (vs. -0.3% expected)US SEC votes approve generic listing standards for new crypto ETFsThree police officers have been fatally shot – Pennsylvania, USAFOMC responses – Fed edging toward neutral, but sticky inflation may delay easingDeutsche Bank raises 2026 gold forecast to $4,000, silver outlook to $45Golden Trump statue with Bitcoin was installed outside Capitol before Fed rate decisionThe Central Bank of Brazil leaves its benchmark Selic rate unchanged at 15%, as expectedCat fight: Bessent threatened to punch Pulte in the face, Pulte is already taking revengePreview: Australia’s jobs market cooling as unemployment set to rise modestly (muted AUD)investingLive Americas FX news wrap: Fed and Bank of Canada both cut a quarter-pointBank of Japan meeting begins today, rates expected to kept on hold – Nikkei reportNew Zealand’s economy shrank 0.9% q/q in Q2, a result likely to be viewed as uncomfortably weak by the Reserve Bank of New Zealand. Governor Hawkesby recently noted the bank could cut faster if the data warranted, and today’s GDP print will strengthen the case for a 50bp move in August. Markets now see a cut in October to 2.5%, followed by a move to 2.25% in November. NZD/USD fell on the release.In Hong Kong, the Monetary Authority lowered its base rate by 25bp in step with the Fed. By contrast, the People’s Bank of China left its main seven-day reverse repo rate unchanged at 1.4%, signalling no urgency to ease further.From Australia, August labour force figures showed a net job loss, led by full-time positions. The unemployment rate held at 4.2% as the participation rate slipped. While the weak tone marginally pulls forward expectations for the next RBA cut, it is unlikely to be enough for action at the September meeting. AUD/USD dipped on the release but pared most of its losses.Elsewhere, crypto received another boost as the US SEC approved new listing standards for spot crypto ETFs, clearing the way for products tied to tokens such as Solana, XRP, and Dogecoin. The change slashes approval time to around 75 days, with the first launches possible in October. Asia-Pac stocks:Japan (Nikkei 225) +1.27%Hong Kong (Hang Seng) -0.1%Shanghai Composite +0.45%Australia (S&P/ASX 200) -0.5% This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)