Dollar fell sharply overnight as the probability of a 50bps rate cut by Fed next week increased significantly. According to fed fund futures, the odds of a half-point cut now sit at around 40%, a notable jump from just 14% the day before. Market participants had widely assumed that Fed was firmly on track for […]
The post Fed’s Rate-Cut Debate Intensifies, Dollar Tumbles Amid Renewed 50bps Speculation appeared first on Action Forex.
Applied Materials shares moved firmly lower in early Friday trading as analysts weighed in on the chip-equipment maker’s stronger-than-expected fiscal-fourth-quarter earnings report and what they saw as a muted outlook for non-AI-chip demand heading into next year. Read more…
US retails sales rose 0.4% mom to USD 718.9B in October, above expectation of 0.3% mom. However, ex-auto sales rose 0.1% mom to US 528.5B, below expectation of 0.2% mom. Ex-gasoline sales rose 0.4% mom Read more…
Most cruise lines have adults-only pool areas where you have to be at least 18 years of age to use the facilities. They’re a welcome refuge for many passengers, especially on Carnival and Royal Caribbean Read more…