EUR/USD Quickly Approaches 1.0900 as Fed Leaves Door Open to 2015 Rate Hike

EUR/USD crumbled to fresh 2-month lows, breaking below several support levels and quickly approaching 1.0900 as the Fed decided to leave policy unchanged but left the door open for a rate hike in December. The Fed said it will determine if it is appropriate to raise rates “at its next meeting” after assessing progress toward its objectives of maximum employment and 2 percent inflation. The Fed also removed from the statement comments...

Gold Settles at 1-week High, then Falls after Fed News

Gold futures climbed Wednesday to settle at their highest level in about a week, then turned lower in electronic trading after the Federal Reserve left interest rates unchanged but kept the door open for a rate hike at its next meeting. Shortly after the price settlement for gold, the Fed’s policy-setting committee said it decided to keep interest rates close to zero, but also indicated in its statement that it would focus on its “next...

U.S. Equities Climb After Fed Amid Rally in Banks, Energy Shares

U.S. stocks soared, after erasing earlier gains following the Federal Reserve’s policy meeting statement, as banks and energy companies led a rally. Equities had advanced into the afternoon Fed statement, boosted by Apple Inc. following its better-than-expected results and by energy shares as oil surged the most in eight weeks. A signal that policy makers are still considering...

European Stocks Rise With Energy Shares Before Fed Rate Decision

European stocks rose, buoyed by a rebound in energy companies, as investors awaited the outcome of a Federal Reserve meeting for indications of the trajectory of U.S. borrowing costs. BP Plc and Royal Dutch Shell Plc added 1.5 percent or more as oil rose from a two-month low after industry data showed declines in U.S. fuel inventories and crude stockpiles at the nation’s biggest storage hub. Saipem SpA rallied 11 percent after Eni SpA...

PBOC Done Cutting Benchmark Rates, According to Economist Survey

China’s central bank will refrain from further benchmark interest-rate cuts and economic growth will hold steady in the fourth quarter, according to economists surveyed by Bloomberg News. Growth in the final three months will be 6.9 percent from a year earlier, according to the median of analysts estimates in an Oct. 19-27 survey. That’s more optimistic than the 6.8 percent...