Market News

There will be a significantly heavier news schedule this week compared to last week, with major central bank input due only from the Reserve Bank of New Zealand, but there will also be many items of key U.S. economic data including key Non-Farm Payrolls numbers.

Minutes released yesterday from the Federal Reserve meeting on November 1-2, 2016 signaled that an interest rate hike is highly likely before the end of the year.

The US Dollar steadily marched toward a 13½ year peak ahead of the Thanksgiving holiday as investors anticipate that a Donald Trump-led administration will result in renewed growth and higher interest rates.

President-elect Donald Trump’s talk of trade tariffs has decreased positive sentiment for emerging markets, and the continually-rising U.S. bond yields have pulled money out of Asia, leading traders to question exactly how Trump’s proposed policies will impact on economies outside of the United States.

Pound Sterling takes a breather after earlier rally which brought the GBP/USD close to the earlier struck 1-week peak.

Solid performance in the U.S. stock market on Monday and overnight helped push Asian stocks to one-week highs on Tuesday.

The Euro edged higher and moved away from the recently struck 11-month trough versus the US Dollar as political uncertainty within the Eurozone seems to be evaporating slightly; that has provided some support to the common currency.

The dollar held tightly to its 13 ½ year highs during Monday’s Asian session as investors held their beliefs that Trump would make good on his expansionary fiscal policies which will bring about interest rate hike to help stem inflation.

There will be a lighter news schedule this week compared to last week. Get the economic calendar for the week of November 21, 2016 here.

The US Dollar continued to move broadly and decidedly higher against its major peers, which helped to push Japan’s Nikkei index to a fresh 10-month peak.

The US Dollar was broadly lower in Thursday trade as speculation rises that the Federal Reserve Bank might be concerned over the pace of the Dollar’s surge in the wake of the surprise Trump victory.

U.S. bond prices began to slow on Thursday, following a week of dramatic increases, with the benchmark 10-year note retreating to 2.197 percent after hitting highs above 2.3 percent earlier this week.

The Pound Sterling continues to inch higher versus the US Dollar and the common currency Euro despite mixed UK labor data.

With fewer than 70 days before he’s scheduled to take office, Donald Trump has over 4,000 political positions to fill, the most pressing of which is the transition team that will help ensure a smooth entrance to the coveted office.

The US Dollar fell broadly after the recent rally in the wake of the surprise victory for Donald Trump in the US Presidential election.