GBP/USD Drops on Sharp UK Inflation Decline
The pair extends this month’s losses, as UK inflation dropped below the 2% target for the first time in over three years, strengthening the case for bolder rate cuts by the central bank
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The pair extends this month’s losses, as UK inflation dropped below the 2% target for the first time in over three years, strengthening the case for bolder rate cuts by the central bank
HKG33 is tepid as Chinese authorities announced new fiscal support, but the lack of details and soft inflation report sustain skepticism
Netflix goes into the Q3 earnings from a position of strength and its stock reaching new record highs, but expects revenue growth to slow and challenges lay ahead
The pair extends its losses after the central bank of New Zealand accelerated its easing pace after August’s pivot as inflation cools, the economy contracted and unemployment is rising
Utilities were the best performing sector of the S&P500 in Q3, largely fueled by the AI boom, but the new quarter leads to a pullback
The pair deepens the pullback from the 2024 peak as US NFPs moderate expectations around the Fed’s easing path and BoE governor Bailey offered dovish remarks
The sportswear giant is having a bad year which reflect on the stock and the latest results reaffirmed the downside momentum, but turnaround plans could fuel further rebound
The pair extends its recovery from the 2024 lows as Fed Chair Powell struck a more cautious tone around the pace of easing, while Japan’s new PM does not want further hikes
The pair remains under pressure as the third straight 0.25% move is no match for the Fed’s jumbo cut and aggressive easing path
Copper gets a double boost, since after the Fed’s jumbo cut, its Chinese counterpart announced a series of stimulus measures, including support for the ailing property sector
The Chinese central bank announced a series of measures to support the economy and stock markets, sending HKG33 to one of its best days of the year
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