See the full story in the original article.
Read the original on CoinDesk ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/27/2026 | 102.37 |
| Change that session | +0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Federal Reserve issues FOMC statement
The Federal Open Market Committee voted 10–2 on October 28, 2026 to keep the federal funds rate target range at 3-3/4 to 4 percent, while continuing to maintain ample reserves in the banking system. The Fed said economic activity is expanding at a strong pace, with resilient domestic spending, strong productivity growth and robust capital investment, while inflation remains elevated and more information is needed to return it to the 2 percent goal. Lisa D. Cook and Beth M. Hammack dissented, preferring a 1/4 percentage point increase in the target range.
- India interest rate gap with G7 in focus as RBI weighs inflation risks : Report
A YES Bank report says India's interest rate gap with G7 economies has become an important factor for the RBI as inflation risks rise, especially with the US Federal Reserve expected to continue its rate-hiking cycle. The RBI's inflation projection for the third quarter of FY27 reached 6%, the upper limit of its 2-6% tolerance band, while core inflation and household inflation expectations also rose. India's GDP grew 7.8% in the first quarter of FY27, supported by strong private consumption, a pickup in exports and momentum in services. YES Bank expects the RBI to raise its policy repo rate by a cumulative 50 basis points, with 25 basis points in December and 25 in February, though it stresses this is its own forecast, not an RBI decision.
- A Fed Hike Could Break the Market Fedementalism – HotAir
Fed Chairman Kevin Warsh told the IMF annual meeting in Bangkok last week that he would not prejudge the Fed's rate decisions, saying it is “a new chapter at the Fed” and the central bank is no longer in the business of forward guidance. Markets nonetheless read his remarks as guidance: fed funds futures put the chance of an unchanged rate at the October meeting at about 72% before his speech, above 85% afterward, and 95% by Thursday evening. The article notes this is a record high level of certainty only a little less than a week before the Fed meeting. In the article's account, investors took Warsh's refusal to signal future moves as a sign the Fed would not raise rates.
- ‘Non-answers’ aren’t working. This is what investors really need from the Fed.
- Mexican Peso Dollar Value Fell 9.6% Ahead of Mexico Rate Decision
The Mexican peso lost about 9.6% of its dollar value between Sept. 4 and Oct. 23, as Banxico’s daily FIX rate rose from 16.8748 to 18.6670 pesos per dollar. ING’s Chris Turner attributed the weakness to dovish rhetoric from Banxico and warned that the interest-rate spread could reach a record low if Banxico did not match a Fed rate hike presumed for December. ING forecasts USD/MXN at 19.00–19.10 in the coming weeks absent a hawkish surprise at Banxico’s Nov. 5 meeting. Banxico held its overnight rate at 6.50% on Sept. 24, while the Fed’s target range of 3.75%–4.00% followed a 25-basis-point increase, leaving Banxico’s rate 250 to 275 basis points higher. Turner also cautioned that technology market unrest may be weighing on the peso, though the IMF’s October report only flags a possible AI-related correction as a global risk and does not establish it as the cause.
- Gold may trade up to USD 5 , 000 / oz over next two years as central banks sustain demand : Report
NDB Wealth Management expects gold to stay between $4,200 and $5,000 an ounce over the next 12–24 months, driven increasingly by central bank and Asian demand rather than US interest rates. Gold was trading at $4,118.91 at filing, down $5.82 or 0.14%. Central banks bought 289 tonnes in the second quarter of 2026, and Asian gold funds took in nearly 70 tonnes of net inflows in the first half of the year, a record, while North American funds saw about 61 tonnes of outflows. Mine output is forecast to rise only 2.4% to 3,907 tonnes in 2026. The base case, given a 50% probability, could shift if Gulf peace, easing inflation or a pause in US rate hikes push prices lower, or if concerns over US finances and Fed independence push them higher.
Related markets
Latest news
- Vertiv Guides for 38% Growth, GE Vernova's Orders Jumped 96%. Which AI Power Stock Is the Better Buy After the Sell-off?
Vertiv and GE Vernova, both suppliers of AI data center infrastructure, beat Wall Street estimates in their third-quarter reports. Vertiv's revenue rose 61% year over year and it expects 38% organic growth for the full year, while GE Vernova's revenue rose 27% and its orders jumped 96% organically, with full-year revenue guided up 22%-25%. Both stocks remain well below their all-time highs from earlier this year (45% and 24% respectively), after the Fed raised benchmark rates for the first time in three years this September. Vertiv faces supply constraints and possible margin pressure from its UtilityInnovation Group acquisition, while GE Vernova's Wind segment remains weak and its planned Trench Group deal could compress margins. The author expects Vertiv's EPS to grow faster (49% CAGR vs 24% from 2025 to 2028) and notes it trades at 25 times next year's earnings versus 37 times for GE Vernova, so if forced to choose one, the author would pick Vertiv.
- Why Robinhood thinks we're at the beginning of a prediction market supercycle
Robinhood CFO Shiv Verma says prediction markets are attractive because they are simple, show probabilities clearly, span many asset classes, and make the brokerage and crypto businesses better. The company recently announced KPI contracts on Apple, such as iPhone shipments, revenue and EPS, letting users express specific views without taking basis risk. Verma says prediction markets are up seven times year over year, with volume of about 6 billion monthly or quarterly, versus about 10 billion a day in Robinhood's equities business. The product currently serves mainly US retail investors, but institutions are making inquiries and the company expects global growth; Verma believes each new product tends to be additive and that over a five to 10 year view the business could become as large as the US equities market.
- More Americans Have Tried Crypto, But Few Are Sticking With It: Survey
An Ipsos survey for the DeFi Education Fund found 22% of U.S. adults have ever owned or used crypto, up from 18% in 2025, but past-year use held flat at 13%, with growth coming mostly from people who had stepped away. Only 4% have high trust in crypto exchanges, versus 42% for large national banks, and only 19% say the financial system is secure. Just 2% of respondents are very familiar with DeFi, though 40% say they would be at least somewhat likely to try it. Interest in learning about stablecoins fell to 7% from 11%, and about DeFi to 8% from 11%, even after the GENIUS Act set federal stablecoin rules. The survey polled 1,545 adults from Sept. 8 to 16 with a margin of error of plus or minus 2.8 percentage points.
- Why Garmin Stock Dropped After Record Results
Garmin reported record quarterly revenue of $1.99 billion, up 12%, with fitness device sales rising 16% and outdoor device sales up 20%. Gross and operating margins rose to 63.3% and 30.8%, versus below 60% and below 26% a year earlier. Shares initially gained more than 2% but reversed after CEO Cliff Pemble said fourth-quarter gross margin would slip to about 61% as memory component costs soared amid tight AI-driven supply, and that margins would return to a historical range of about 58.5% next year. The stock was down 6.2% as of 3:18 p.m. ET, and its P/E ratio fell to about 25 based on raised earnings guidance.
- Anthropic Flags Data Center Moratoriums as a Top Risk to Its Growth Plans
Anthropic, the company behind Claude, is set for an IPO next month after publicly filing its roughly 400-page S-1 with the SEC on Monday. The filing devotes more than 90 pages to risks, and the article highlights near-term threats such as moratoriums on new data center construction, which Anthropic depends on for compute capacity. Several states, including New York, have already passed temporary moratoriums. Sales reached $16.3 billion in the first half of 2026, about 14 times the first half of 2025, while the operating loss narrowed from $2.1 billion to $693 million and the company posted a $974 million operating profit in the second quarter. The author's bigger concern is whether Anthropic has a lasting moat as AI moves toward commodity status and competitors offer cheaper alternatives.
- 'Wall Street Cares About Free Cash Flow Now': Bloomberg's Ed Ludlow on Buyouts and AI Spending
Bloomberg Tech host Ed Ludlow said Wall Street's growing demand for free cash flow is pushing Big Tech to cut costs as AI spending soars. He made the comments days after Microsoft Corp. (NASDAQ:MSFT) reportedly offered voluntary buyouts to about 60,000 employees.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.