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Quincey has led Coca-Cola since 2017, seeing the company through the Covid pandemic and a focus on healthier beverages.

EUR/USD surged over 0.59% on Wednesday as the Federal Reserve cut rates as expected, in a perceived “dovish hold” which prompted traders to ditch the Dollar and buy the shared currency. At the time of writing, the pair trades near daily highs of 1.1695, after bouncing off daily lows of 1.1620.

As expected, the FOMC pulled the trigger on a 25 basis point cut today, bringing the Fed Funds target range down to 3.50% – 3.75%.

Looking ahead, the market sees a pause in January followed by a slow grind lower.

Here is the clean breakdown of the implied probabilities:

January 28 meeting

• Pricing: -5.5 bps

• Implied Probability: 22% chance of a cut.

• Powell clearly indicated that the plan is to wait before moving again but the market saw how he said the same thing and folded in December. If the jobs numbers come in weak and CPI slips, they will cut again.

April 29 meeting, the next cut arrives

• Pricing: -21.3 bps

• Implied Probability: 85% chance of a 25 bps cut.

• The dots point to a cut in 2026 and April is when the odds rise significantly. The base case is for a cut here or in June.

July 29: Moving Toward 3.25%

• Pricing: -39.8 bps

• Implied Probability: 100% chance of 1 cut + 59% chance of a 2nd cut (cumulative from today).

• H2 is where it starts to get tricky as the Fed funds curve always prices in some tail risks but there is a clear bias towards a second cut that’s full priced late in the year

October 28 – December 09: The Destination

• Pricing: -53.3 bps (Oct) / -52.2 bps (Dec)

• Implied Probability: 100% chance of 2 full cuts and a 25% chance of a third.

• Part of the dovish prices we see further out is based on who will be the next Fed chair. Betting markets have Hassett at about 75% right now and Trump is interviewing candidates this week. The bigger question is how much would a dovish chair be able to sway policy.

This article was written by Adam Button at investinglive.com.

Gold (XAU/USD) registered gains of nearly 0.50% on Wednesday as the Federal Reserve cut rates by 25 basis points as expected, split with a 9 to 3 split vote, followed by the Chair Jerome Powell press conference, in which he struck a neutral stance.

Cisco was at the center of the internet boom, but has a much different role in today’s artificial intelligence craze.

The Fed approved a much-anticipated quarter percentage point interest rate cut at a meeting that was packed with intrigue and surprises.

Summary As expected, the FOMC reduced the fed funds target range by 25 bps to 3.50%-3.75% and signaled that additional easing will face a higher bar at its next meeting on January 28. The post meeting statement signaled this higher bar to future cuts by noting it was now considering the “extent and timing” of […]

The post FOMC: Maintaining Optionality appeared first on ActionForex.

• Prior was -2.9%

This is a nice rebound after poor Q2 reading.

This article was written by Adam Button at investinglive.com.

New Zealand Manufacturing Sales increased to 1.1% in 3Q from previous -2.9%

New Zealand Manufacturing Sales increased to 1.1% in 3Q from previous -2.9%