Market News

The Pound Sterling lost momentum on Monday despite word that the British government is close to having a deal in place by next month.

Oil prices declined on Monday morning after Washington weighed the possibility of waiving some of the sanctions it plans to bring upon Iran next month.

This week is likely to be dull, as there is very little important data scheduled for release compared to a typical agenda.

All three major Wall Street indexes closed lower on Friday with the S&P 500 falling nearly 1 percent for the week, its worst weekly performance in nearly a month.

The US Dollar was broadly higher as FX traders assessed the effects of a rout in global sovereign bonds that helped to boost yields on US Treasury instruments.

The British Pound edged higher and moved away from the recently struck 4-week trough after it was reported that Ireland intends to support the Prime Minister's proposal with the European Union.

Oil prices were lower during Thursday’s Asian trading session after hitting four-year highs on Wednesday.

The British Pound moved away from a 3-week trough as FX traders await the Prime Minister's speech which could help revive sentiment for the beleaguered currency.

The dollar traded near one-month highs early in Wednesday’s Asian session after comments out of Italy shook the currency markets on Tuesday and the fear crept into Wednesday’s Asian trading session.

The Euro earlier struck a 6-week trough after an Italian official claimed that the resolution to Italy's problems would be to abandon the Euro.

Asian stock markets remained mostly in the red on Tuesday afternoon as traders remained apprehensive about the trade war that appears to be heating up between the U.S. and China.

The Pound Sterling got a boost against the US Dollar

The US Dollar edged lower versus the Canadian Dollar during Monday trade in Asia as investors await the upcoming NAFTA deadline.

This week is likely to be active, as although there is less important data scheduled compared to last week, we will get the U.S. Dollar-related Non-Farm Payrolls data at the end of the week.

Japan’s Nikkei soared to a 27-year high on Friday, boosted by a stronger dollar and Wall Street’s gains on Thursday.