Watch FXOpen's October 24-28 Weekly Market Wrap Video

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In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.

  • How will Rishi Sunak affect the pound?
  • EUR/USD gathers pace
  • Big Tech hit by fears of potential recession
  • META (FB) shares fall 20% after earnings report

Watch our short and informative video, and stay updated with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Indices

Australian S&P/ASX 200 Index Hits All-Time High

As seen on the S&P/ASX 200 chart (Australia 200 on FXOpen), today's candle surpassed the 8200 level, marking a new all-time high.

Positive sentiment was driven by:

→ The Federal Reserve’s decision to cut interest rates, which

Forex Analysis

Dollar Trades Mixed After Fed Rate Cut

The Federal Reserve surprised the market yesterday by cutting the dollar rate by 0.5%, with expectations that a similar reduction might occur by the end of the year. The dollar initially dropped sharply following the announcement but then partially

Forex Analysis

Fed Cuts Interest Rates by 0.5%

As we have frequently noted, a rate cut by the Federal Reserve seemed inevitable. Market participants debated whether the reduction would be 0.5% or 0.25%, and those predicting a 0.5% cut were proven correct.

According to Bloomberg,

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