Market News

The minutes from the latest Federal Reserve meeting were released on Wednesday, and they showed that the U.S. economic policymakers remain committed to raising interest rates despite President Trump’s vehement opposition.

The Pound Sterling came under sell pressure after the latest fundamental news showed UK inflation falling more than had been expected last month.

The US Dollar was able to make some headway against the Japanese Yen, fueled by better than expected earnings reports on Wall Street which helped to shift the market's earlier safe haven sentiment.

Unexpectedly upbeat employment data helped to push the Pound Sterling higher.

Earlier, the US Dollar came under pressure following the latest release of economic data which showed unexpectedly weak retail sales figures.

The Pound Sterling traded close to a 1-week trough as negotiators for the Brexit deal have hit a stumbling block.

A study conducted by an observatory of the digital currency market shows that the largest Bitcoin holders are a variety group that can contribute to price stability instead of destabilizing the market.

This week is likely to be more active, as there is significantly more important data scheduled for release this week compared to last week.

The two day rout in global equities is taking its toll on the US Dollar Index which was trading close to a 2-week low during Asian trade on Friday.

Though encouraging signs have crept into the negotiations between the European Union and the British government, FX traders are still wary that the trade issue surrounding the Irish borders will continue to be a sticking point that could derail the process.

As selloff on Wall Street on Wednesday sparked fears of contagion worldwide, sending Asian markets broadly lower and positioning European markets for an expected triple-digit loss on the open today.

Before it retreated, investor optimism had helped to push the Pound Sterling to a 3½ month peak versus the Euro as the news media reported that a Brexit deal will likely be struck soon.

The U.S. dollar traded modestly lower on Wednesday morning in Asia while the British pound headed higher on hopes that a Brexit deal may be forthcoming.

The common currency Euro remained close to a 7-week trough as worries about the Italian budget persisted which raised new concerns within the European Union.

Asian stocks hit 17-month lows on Tuesday as investor concerns about the state of the global economy continued to pressure markets.