Market News

The US Dollar was mixed after moving broadly higher during the Asian trading on Friday when a knee-jerk reaction to yesterday's release of unexpectedly upbeat inflation data helped to shift investor sentiment.

Weakness in the US Dollar helped to push the Pound Sterling higher and allowed it to stabilize though FX traders remain extremely cautious about the outlook for Sterling.

The Conservative politician Boris Johnson, who is the favorite to succeed Theresa May, may work on a plan about how to deliver the Brexit together with several Key EU players.

Wednesday marked the first day of Federal Reserve Chairman Jerome Powell’s testimony to Congress, and analysts around the world paid close attention to everything he had to say.

The Pound Sterling continued to struggle and is still trading close to a 2-year trough despite unexpectedly improved growth data.

The British Labour Party leader Jeremy Corbyn, who is currently promoting remaining into the European Union, challenged the British conservative party to call for another referendum, as we approach the deadline.

It’s not a summer slump that’s keeping volatility low, it’s the upcoming address by Federal Reserve Chairman Jerome Powell to the U.S. Congress that has traders on edge.

The common currency Euro slipped to a 3-week trough versus the US Dollar as FX traders reevaluate their expectations regarding a possible Federal Reserve rate cut later this month.

Croatia is asking to join the European Exchange Rate Mechanism (known also as ERM II), a move that was welcomed by the different European finance ministers.

Gold prices fell on Tuesday morning as traders remained concerned that the U.S. Federal Reserve would not cut interest rates this month as originally expected.

A new era in Greek politics is beginning today with the victory and swearing-in of a new prime minister from the center-right New Democracy party, the party’s first win since Greece withdrew from a bailout regime last year.

The Former Brexit Chief Philip Rycroft warned against a no-deal Brexit outcome, adding that such an outcome would be “fraught with risk.”

Asian benchmarks were broadly lower on Monday morning as new fears about the U.S. Federal Reserve’s plans to cut interest rates shook the global markets.

This week is likely to see a similar amount of market activity to last week, with important central bank input due concerning only U.S. and Canadian Dollars. There will also be releases of important British and U.S economic data.

The Fourth of July fell out on a Thursday this year, which means that despite a national holiday, traders have kept their focus on the non-farm payroll report that will be released on Friday.