Market News

The US Dollar pulled away from Wednesday's 2 ½ week trough on the backs of a collective sigh of relief that the US midterms are finally over.

The United States assumed the position of the world’s top crude producer when its production hit 11.6 million barrels per day, which it did last week, according to a report released by the Energy Information Administration (EIA) yesterday.

The US Dollar was broadly lower after the US mid-term elections which suggested that FX players expect the Trump administration to face some strong headwinds

With the U.S. election results rolling in, analysts and traders have been quick to react, and to consider what will come next.

Despite earlier hopes that the UK government was on its way to securing an agreement to ensure a soft Brexit, the latest noise suggests that that may not be the case at all.

The midterm elections that are slated to be held in the United States today will have dramatic ramifications on the country’s politics, as well as on the global markets.

The Pound Sterling moved higher against the US Dollar after a report in the UK Sunday Times said that the British government was close to striking a Brexit deal

Oil and financial sanctions proposed by the United States against Iran will go into effect today, adding to the pressure on the Iranian regime to reduce its missile developments and nuclear program.

This week is likely to see a similar level of activity to last week, with central bank input due for the U.S., Australian, and New Zealand Dollars.

Earlier in the Asian session, the Australian Dollar had edged higher relative to its US counterpart after optimism

The Pound rallied against the US Dollar by more than 1% after one official from the British government said that they were very close to signing off

Asian markets were broadly higher on Thursday after a second consecutive day of impressive gains on Wall Street and a solid run of earnings reports restored investor confidence.

The Pound Sterling recovered and edged away from a 10-week trough ahead of tomorrow's monetary policy meeting at the Bank of England.

The U.S. dollar index hit a 16-month high on Wednesday after the Bank of Japan announced that it would be keeping monetary policy steady.

The Pound Sterling remained mired at a 10-week trough during Tuesday trade as worries over the Brexit withdrawal from the European Union overshadowed other events.