Market News

Against the US Dollar, the Pound traded close to the $1.32 level as market players await the beginning of the Jackson Hole economic symposium.

Yesterday, the oil markets closed mixed after the markets confirmed an important drop in crude oil inventories.

MSCI World Index, S&P 500 & NASDAQ, Close at Record Highs; Crude Oil Strong as Hurricane Laura Nears U.S. Refineries

Given a quiet week ahead, and an absence of fundamental data largely through next week, the Pound Sterling will get direction from the upcoming events at the Economic Symposium in Wyoming.

Yesterday, the oil futures market gained territory after the markets learned about a huge draw in crude oil and gasoline reserves.

S&P 500 & NASDAQ Indices Trade at Record Highs; Crude Oil Strong as Hurricane Laura Nears U.S. Refineries

The Pound Sterling had inched higher during London trade on Tuesday ahead of the release of retail sales and trends data for the month of August

Yesterday, the oil markets advanced in light of the supply disruption, given the arrival of a couple of tropical storms to the Gulf of Mexico.

Major Stock Indices Advance on Trade and Vaccine Hopes; S&P 500 Index Closes at Record High; U.S. Dollar Slightly Higher

Thus far, no real progress has been made, negotiators from the EU confirmed last week.

On Friday, the oil markets lost territory after the markets received negative data about the state of the United States Labor Market, and after the US dollar posted gains.

S&P 500 Index Ends Week at All-Time High; Asian Stock Markets Climb Higher; Australian Dollar Slightly Stronger as Week Opens; Precious Metals Decline Firmly

An unexpected increase in the weekly jobs claims data from the US Labor Department helped to put the greenback on the defensive.

Yesterday, oil markets were mixed after the OPEC+ monitoring committee highlighted the need of sticking to its production cuts as market recovery is being hindered by the advance of the COVID-19 pandemic.

The Pound Sterling recovered in London trade after yesterday's release of the Federal Reserve's policy minutes was a bit less dovish than analysts had anticipated.