Market News

With a deteriorating economic outlook a possibly inevitable result of a hard Brexit, the Pound continued to slide against its two major counterparts, the US Dollar and the common currency Euro.

Traders found new reasons for optimism on Thursday after U.S. Federal Reserve Chairman Jerome Powell commented that the Fed’s policy rate is now “just below” estimates of a neutral economy.

FX traders are preparing for the onslaught of dire warnings about a “no-deal Brexit” by earlier pushing the Pound Sterling close to a 2-week trough.

Oil prices were up just over 1 percent during Wednesday’s Asian trading session after the shutdown of the Buzzard, Britain’s largest North Sea oilfield for repairs.

Investors' sentiment for a Brexit deal soured in the overnight hours after the US President negatively commented that the Brexit deal might negatively impact trade between the US and Britain.

According to a new report published by the Wall Street Journal on Monday, U.S. President Donald Trump has hinted that he may implement new tariffs on iPhones and laptop computers imported from China.

The Pound Sterling continued to inch higher after this weekend's news on a Brexit agreement helped to alleviate investors' concerns.

Asian markets were searching for direction on Monday as traders looked towards the meeting between U.S. President Donald Trump and Chinese President Xi Jinping that will take place at the end of the week.

This week is likely to see considerably more activity than last week, with central bank input due for the U.S. Dollar and the Euro as well the New Zealand Dollar.

Even thin trading due to the Thanksgiving holiday weekend in the United States couldn’t prevent oil prices from dropping to 2018 lows on Friday.

27 national ambassadors from the European Union will work diligently today to come to a resolution regarding Brexit plans in advance of the meeting between the EU bloc and the UK that is scheduled for this coming Sunday.

Oil prices were lower during Thursday’s Asian trading session after reports out of the United States on Wednesday showed that U.S. crude inventories hit their highest level since December 2017.

The Pound Sterling edged higher during trade in London on Wednesday as investors' pin their collective hopes on the Prime Minister who appears to have crafted a proposal that the European Union can get behind.

The global stock selloff that started on Monday continued into Wednesday’s Asian trading session as traders show concern about global growth.

Investors' concerns over the pace of the Brexit negotiations once again weighed on the Pound Sterling and sent it broadly lower.