Market News

Asian markets headed higher on Monday as traders once again expressed optimism about what they hope will be a new trade deal between the United States and China in the coming days.

This week is likely to see a more active market, with a crucial U.S. Non-Farm Payroll data release due as well central bank input from the Bank of Canada and the Reserve Bank of Australia.

The US Dollar edged higher against the Japanese Yen, after an unexpectedly upbeat GDP helped to lift the greenback.

The Pound Sterling edged off of its recent peaks as investors decided to book their profits as they assess the Pound's future given the latest developments with the Brexit.

In February 2019, US President Donald Trump signed the official order for the American AI Initiative.

The dollar remained firmly above three-week lows on Thursday as investor optimism about a trade deal between the United States and China declined.

The Pound Sterling continues to surge higher against its major peers with the uncertainty of a no-Brexit outcome seemingly less likely as the days progress toward the March deadline.

Oil prices were higher on Wednesday after trading lower on Tuesday following reports from the American Petroleum Institute (API) that showed U.S. crude inventories dropped by 4.2 million barrels last week.

Sentiment for the Pound Sterling continues to improve on the latest Brexit-related noise with hopes for a no-deal Brexit likely to be ruled out formally.

Oil prices continued to slide on Tuesday after crashing more than 3 percent on Monday afternoon, after U.S. President Donald Trump demanded that OPEC curb its production cuts to keep prices lower.

The Pound Sterling made headway against the US Dollar during London trade on Monday as traders consider the prospect that the British government may have to delay the Brexit if no deal is forthcoming.

U.S. President Donald Trump announced on Sunday that he would delay his planned tariff increase on Chinese goods in light of the advances in the trade negotiations that have taken place in recent weeks.

This week is likely to see relatively low market activity, with central bank input due from the U.S. Federal Reserve and the Bank of England, as well a few items of crucial economic data for these currencies plus the Canadian Dollar.

Investor optimism about a trade deal between the United States and China has been propelling markets forward all week, but weak data out of the U.S. on Thursday tempered the excitement by showing a slowdown in the country’s economy.

The Pound Sterling is moving off earlier higher movements against the US Dollar which occurred after Philip Hammond, the UK Finance Minister, spoke of constructive discussions with European Union officials.