Market News

The Euro remained close to a 3-year peak versus the US Dollar after the latest data proved that growth in the Eurozone last year was at its strongest level in almost seven years.

The Pound Sterling inched higher after the Markit release for PMI Services was released earlier today; the survey for December showed sectoral growth

Oil prices headed higher on Thursday, hitting two-and-a-half year highs, buoyed by political strife in Iran after the country’s Revolutionary Guard deployed forces

The Sterling remained close to a 3-month peak vs. US Dollar despite the latest PMI data which showed that growth slowed somewhat in the construction sector in December

The dollar was unchanged against the euro as of 2:02 p.m. HK/SIN after the euro hit a four-month high of $1.2081 on Tuesday, nearing levels not seen since 2015 before pausing.

The Pound Sterling began this year’s first trading day by hitting a 3-month peak versus the US Dollar. FX traders seem to have dismissed the latest data disappointment

According to analysts, with the raise in the Bitcoin, the Japanese GDP will increase by 0.3%, as the Bitcoin is being traded disproportionately with the Yen

The dollar was down against most of its primary trading partners on Tuesday, starting the year lower after hitting a three-month low on Friday, the last trading day of 2017.

The Santa rally continued on Thursday with Asian markets closing higher and U.S. markets poised to open higher, despite thin seasonal trading.

The dollar struggled during Thursday’s Asian trading session, trading lower against most of its trading partners, perhaps prompted by a sell-off

Bitcoin prices were fluctuating between losses and gains on Wednesday, searching for direction as traders continued wondering whether the weeks-long rally has finally run its course.

Oil prices retreated on Wednesday from 2015 highs hit on Tuesday despite a supply disruption in Libya as production resumed on the Forties pipeline system in the North Sea on which cracks were discovered on December 11.

The US Dollar steadied in Tuesday trade, despite much of the developed world having closed financial markets due to Boxing Day celebrations.

Positive data out of Japan on Tuesday did little to move the markets as thin post-holiday trading continued, and traders seemed to relish their end-of-year vacation.

The generous holiday spirit wasn’t enough to keep the bitcoin bubble fully inflated, leaving some traders confused and others invoking the historic ‘I told you so’ rhetoric.