Market News

The new year hasn't provided any relief from worry for Sterling traders who sent the Pound lower, easily reversing some of the recent gains.

Asian trading on the first day of 2019 reflected just how skittish traders are about the state of the current global economy.

All three major stock indexes on Wall Street ended higher on Monday, eking out gains in what still became Wall Street’s worst year since 2018.

In the higher risk asset space, the Aussie Dollar edged higher against the greenback on growing hopes that there will be some progress in the trade discussions between the US and China.

It’s no secret that China’s economy has struggled in 2018, but the extent of the damage is coming more fully to light as the year rolls to a close.

This week will see more activity than last week, with quite a lot of important data due at the end of the week as the holiday period for much of the world’s major markets ends.

The Japanese Yen edged higher in Asian trade on Friday as renewed trade tensions between the United States and China revived fears of a global growth slowdown.

The Pound Sterling is still struggling to hold ground above the recently struck 3-day trough as FX traders wait for any news on the latest developments in the Brexit.

The Dow Jones Industrial Average posted its largest one-day gain in history on Wednesday.

With most major markets around the world closed for Boxing Day, only the US market is the exception and should be open in a few hours time.

Markets attempted to recover from the pre-Christmas declines seen on Monday, though thin post-holiday trading did little to aid in the recovery.

Though this time of year is generally the time of cheer and joy, traders worldwide are not quite feeling the love.

With must traders sitting on the sidelines as the Christmas holiday approaches and the end of the year draws near, the Pound Sterling was mired close to a 4-month trough against the common currency Euro.

Rumor has it that U.S. First Lady Melania Trump and her son, Barron, are on their way back from Mar-a-Lago, Florida, where they’d planned to spend the holidays – until the government shutdown

This week will see much less activity than last week last week, with almost no important data due at all.