Dollar gains after Powell’s speech; euro retreats

Dollar gains after Powell’s speech; euro retreats
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Dollar gains after Powell’s speech; euro retreats
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On Friday, trading on the US stock market ended with gains. By the end of Friday, the Dow Jones Index (US30) jumped by 0.47% (+0.38% for the week). The S&P 500 Index (US500) rose by 0.69% (+1.10% for the week). The technology-heavy Nasdaq Index (US100) closed higher by 0.87% (+1.42% for the week). The positive…
Next Week’s Menu: November 1-7, 2025 October 31, 2025 Central Banks: Monetary policies will be reviewed next week in the U.K., Australia, Sweden, Norway, Colombia, Mexico, Brazil, Moldova, Georgia, Malaysia, and Czech Republic. Governors Bailey of the BOE, Bullock of the RB A, and Macklem of the BOC will hold press conferences. Daly, Mesalem and…
The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise. Inflation in Canada eased to 1.7% in July from the previous reading of 1.9%. Oil has dropped amid progress in peace talks with Russia and Ukraine. The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise after…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday December 17th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. Weekly…
Events to pay attention to today: 09:00 GMT+3. GBP – Gross Domestic Product 15:30 GMT+3. USD – Consumer Price Index GBPUSD: The GBP/USD pair is demonstrating a resurgence in positive momentum during the Asian session on Wednesday, with a notable ascent towards a new daily peak over the past hour, approaching the 1.3100 mark. It…
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee broke away from the overarching narrative of consecutive Fed rate cuts heading through the end of the year, widening the narrative gap between Fed incumbents and Donald Trump’s newly-minted Fed plant Stephen Miran. Key highlights Goolsbee warns against series of rate cuts.I am uncomfortable with overly…