Market News

This week will see a heavier news agenda than last week, with the key items coming from the European and Japanese central bank, plus key economic data releases from the U.S., the U.K., and Canada.

The US Dollar was broadly softer in Asian trading as market players digest the possibility that the United States federal government could be on the verge of shutting down.

The US Dollar eased away from the recently struck 3-year trough after rising yields on US Treasury instruments encouraged some buyback of the Dollar.

Asian stock markets headed higher once again on Thursday, following a day of record gains on Wall Street on Wednesday

The cryptocurrency selloff that began on Tuesday continued into Wednesday’s London session, with the price of bitcoin falling nearly six percent in only a few hours.

Currently, the Pound is pulling away from its earlier slide versus the US Dollar, largely attributed as a result of investor profit taking.

Bitcoin briefly hit below $10,000 on Tuesday on Coinbase, a leading cryptocurrency exchange, for the first time since crossing the milestone price in November 2017.

The British Pound continues to lose momentum with the recent rally now far in the rear view mirror.

The euro hovered near three-year highs on Tuesday, bolstered by continued optimism about potential ECB policy that could reduce the bank’s current stimulus policy.

Brent crude oil prices broke briefly above $70 per barrel on Monday, buoyed by continued production cuts by Russia and OPEC

The dollar continued its downward spiral on Monday mostly due to strengthening of currencies in Asia and the Eurozone.

This week will see a heavier news agenda than last week, with the key items coming from the Canadian central bank, plus key economic data releases from China, Australia, and the U.K.

The US Dollar was broadly lower during Friday trade after disappointing US producer price inflation data.

The Pound Sterling continues to come under pressure after the latest data raised investors’ concerns that the Pound’s most recent gains might be overdone.

Bitcoin prices continued to slide on Thursday, after South Korea’s justice minister, Park Sang-ki, announced that the country’s government is moving forward with legislation that would prohibit bitcoin trading on more than a dozen domestic exchanges.