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European Forex news summary: Swiss CPI falls short, US dollar strengthens further

European Forex news summary: Swiss CPI falls short, US dollar strengthens further

Market Update: Swiss CPI and Impacts In today’s session, the Swiss CPI report took center stage. The data, unfortunately, was way off, which had a negative impact on the Swiss franc. However, it seems unlikely that this will prompt any shifts for the Swiss National Bank (SNB), especially since they’ve already ended their easing practices. […]

S&P 500 Today: Amazon Shares Rise with Cloud Business Helping Earnings; DexCom Falls

S&P 500 Today: Amazon Shares Rise with Cloud Business Helping Earnings; DexCom Falls

Important points On Friday, October 31, 2025, Amazon benefited from a strong performance in its cloud computing division, while medical device firms struggled due to a disappointing sales forecast. The tech giant’s stock hit an all-time high, spurred by better-than-expected results from its Web Services sector. Conversely, Dexcom’s share price plummeted after the company provided […]

Bitcoin’s “Uptober” comes to an end as price falls, breaking a 6-year trend

Bitcoin's "Uptober" comes to an end as price falls, breaking a 6-year trend

Bitcoin’s October Performance Bitcoin’s recent performance has thrown a wrench in the hopes for what traders called “Uptober.” This month marked the first time since 2013 that Bitcoin averaged a 20% price increase. As of 10:30 a.m. on Friday, Bitcoin, the largest cryptocurrency, was priced at $109,954. That’s an 8% drop from October 1, when […]

Australian Dollar falls as US Dollar remains stable with reduced chances of Fed rate cuts.

Australian Dollar falls as US Dollar remains stable with reduced chances of Fed rate cuts.

The AUD/USD has struggled for the third consecutive day, hovering around 0.6550 during Friday’s Asian market. There hasn’t been much change since the release of the NBS Manufacturing Purchasing Managers’ Index (PMI) from China. Since Australia has strong trade ties with China, any shifts in China’s economy can significantly influence the Australian Dollar. In October, […]

The Fed Falls Behind Again as Bessent Looks for an Open-Minded Successor

The Fed Falls Behind Again as Bessent Looks for an Open-Minded Successor

As attention turns to the Federal Reserve potentially reducing its funds rate this Wednesday, the nickname “Jay Too Late” springs to mind, particularly in light of Chairman Jay Powell’s resignation in May and Treasury Secretary Bessent currently searching for his successor. It’s worth mentioning that Bessent is seeking candidates who are open-minded, which is a […]

EUR/USD falls below 1.16 as ECB keeps rates steady, Fed suggests a break

EUR/USD falls below 1.16 as ECB keeps rates steady, Fed suggests a break

EUR/USD experienced a decline on Thursday following the European Central Bank’s (ECB) decision to maintain interest rates. Traders were still processing the “hawkish” rate cut announced by the Federal Reserve on Wednesday, which kept EUR/USD below the 1.1600 mark. As of now, the pair is 0.30% lower, standing at 1.1565. ECB’s Lagarde says policy is […]

Chipotle stock falls 15% as the restaurant lowers its sales outlook and visits decrease.

Chipotle stock falls 15% as the restaurant lowers its sales outlook and visits decrease.

Chipotle’s stock took a hit, dropping 15% on Thursday after the chain noted a decrease in customer visits and adjusted its sales outlook downward. For the third quarter, net sales climbed 7.5% to $3 billion, which fell short of Wall Street’s expectation of $3.03 billion. CEO Scott Boatright emphasized that the company is having difficulty […]