Market News

Oil futures were slightly lower on Monday after reports that U.S. production continued to rise last week.

There will be must more significant high-impact news scheduled this week, compared to last week which was very light.

Despite an earlier move higher, the US Dollar is struggling to maintain momentum in Asian trading after US GDP growth for the 4th quarter was upwardly revised to 2.1% annually, from 1.9%.

Sentiment seems to have shifted against the common currency Euro after the release of regional inflation data from Saxony, Germany helped to push the Euro lower versus the US Dollar.

The dollar neared a nine-day high on Thursday after the European Central Bank showed continued commitment to its monetary easing policy for the near term.

Solid economic data helped to build momentum for the US Dollar, raising expectations of additional rate increases during the year.

The US Dollar steadied on promises by Federal Reserve member that more interest rate hikes were forthcoming this year.

Oil prices were slightly higher on Tuesday morning as a weak dollar sent traders towards commodities instead of currency trading.

The Pound Sterling surged to a 7-week peak versus the US Dollar, gaining nearly 1% after President Trump’s healthcare bill was withdrawn from Congress.

The dollar fell during Monday’s Asian session after U.S. President Donald Trump’s proposed repeal of the Affordable Care Act failed to gather the necessary support during Friday’s vote

There will be an even lesser amount of high-impact news scheduled this week, compared to last week which was relatively light.

New U.S. single-family home sales hit a seven-month high in February, reports out on Thursday showed, fueling optimism about the country’s economic momentum despite the higher mortgage rates.

The US Dollar steadied against the common currency Euro as FX markets await a key vote on Trump’s healthcare plan in the U.S. Congress.

The US Dollar struck a 4-month trough versus the Japanese Yen as risk-off sentiment grows.

Asian stocks saw their biggest drop in two weeks on Wednesday morning as investors faced fresh doubts about U.S President Donald Trump's economic plans and propsoed growth agenda.