29/10/2026 – Daily Reports
Dollar Steady as Fed Rate Hold Leaves Policy Outlook Uncertain
- Fed Holds Rates: The Federal Reserve kept interest rates unchanged in a 10–2 vote, citing a stronger economic outlook while awaiting fresh inflation and employment data.
- Warsh’s Dovish Signal: Fed Chair Kevin Warsh’s press conference offered no clear guidance on the next rate move, prompting markets to interpret his comments as less hawkish than expected.
- December Hike Still in Focus: Markets are pricing in a 78% probability of a rate hike in December, according to the FedWatch tool, while traders have scaled back expectations for further hikes in 2027.
- EUR/USD Slips: The euro fell 0.15% to $1.1134 in early Asian trading after gaining 0.3% in the previous session.
- Focus Shifts to Central Banks: Investors are now turning their attention to upcoming ECB and BOJ decisions, alongside fresh US inflation and employment data.
Account Opening
Open A Live Account
CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.
Forex Mobile & Desktop App
CDO TRADER
CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!
Global Markets | OCTOBER 29
Fed: Rates were held at 3.75%–4.00%. Expectations of a December hike remain.
Equities: Wall Street advanced following the Fed decision, supported by technology stocks.
Gold: Spot gold traded near $4,038 as markets assessed the Fed’s signals ahead of US inflation data.
