Market News

Federal Reserve Chairman Jerome Powell announced on Wednesday that he expects the U.S. economy to continue its growth trajectory, despite risks from overseas

Hopes that a Conservative Party win in the upcoming UK general elections are helping to provide much-need support for the Pound against a backdrop of soft data.

Britain's Prime Minister Boris Johnson is set to say in his first major speech related to the election that a Tory victory would put an end to the Brexit political crisis by leaving the Union on January 31 with a deal.

The Capital Market Authority of the Kingdom of Saudi Arabia (CMA) has agreed to launch an IPO that has been promised by Crown Prince Mohammed bin Salman since 2016.

The US Dollar managed to hang onto the majority of its recent gains during Wednesday trade in Asia after Donald Trump commented that a deal was close to being made with China.

The US Dollar inched higher against safe haven currencies in Tuesday trade in London as FX traders look optimistically toward a Donald Trump speech later today

The Leader of the Brexit Party, Nigel Farage, said that his party is not willing to run against the British conservative party, in a move that many consider was caused by the pressure

The Pound Sterling held onto earlier gains in Asian trade after striking a six-month peak against the common currency Euro and gaining nearly 1% against the greenback.

The Pound Sterling edged higher against a weaker greenback ahead of UK data, and managed to maintain momentum despite the fact that that data, when released, was largely disappointing.

Recently, attacks against the Bitcoin from the establishment resumed, as an ECB ex-chief criticized the cryptocurrency, highlighting that it is not a real currency

Both Asian stock markets and oil prices were broadly lower on Monday afternoon after increasing tensions in Hong Kong prompted a sudden selloff and increased concerns about the future of the global economy.

This week has a similar schedule to last week, with central bank input due only from the Reserve Bank of New Zealand, and testimony from the Federal Reserve, although there will also be a few other important items.

Hope that the US and Chinese governments are able to work out mutually beneficial trade terms had earlier helped to support the greenback against safe haven assets.

The Pound Sterling drifted close to a one-week trough against the US Dollar during London trade on Thursday as market players focus on the Bank of England meeting.

German industrial production fell in September, triggering fears and indicating that the most powerful economy in the Eurozone will probably enter into an economic recession in the third quarter.