Market News

Asian markets were modestly higher on Monday afternoon as traders expressed renewed optimism that talks between U.S. and Chinese officials would bring the feuding countries one step closer to a long-term trade agreement.

This week is likely to see an increase in market activity, with central bank input from the Reserve Bank of New Zealand and crucial economic data due for the U.S. Dollar and British Pound.

The trade struggled between the United States and China, it seems, have been the mover of markets – or the thwarter of markets – many times in the past few months, and Friday seems to be no exception.

The overall strength of the US Dollar had Pound traders sitting on the sidelines and waiting for the outcome of today's meeting of the Bank of England.

Oil prices were lower on Thursday, pressured by record-high production in the U.S., where inventories rose by 1.3 million barrels last week, the Energy Information Administration announced yesterday.

The Pound Sterling was steady during trade on Wednesday but remained close to the recently struck 2-week trough as FX traders consider the latest Brexit related news.

In his second State of the Union address, delivered Tuesday night, U.S. President Donald Trump hailed his efforts and the efforts of his administration for creating 5.3 million new jobs

The Pound Sterling edged lower against the US Dollar and the Euro during Tuesday trade in London after the latest PMI report dampened sentiment.

All three Wall Street benchmark indexes closed higher on Monday, lead by gains in the technology and industrials sectors, as traders geared themselves up for another week of earnings reports, which they are hoping will continue to carry the markets.

The specter of a disorderly Brexit with no deal on the table is once again looming large over the Pound Sterling.

The U.S. dollar index was trading higher on Monday after strong U.S. jobs data out on Friday helped boost investor confidence.

This week will see some key activity, with central bank input from the Bank of England and the Reserve Bank of Australia.

In Asian trading on Friday, both the New Zealand and Australian Dollars lost ground against the US Dollar after the release of PMI figures from China for January.

The Pound Sterling was firm during trading in London as British legislatures prepare to resume their negotiations with officials from the European Union on a resolution for trade across Ireland's border.

On Wednesday U.S. policymakers moved to pass legislation that would limit the president’s power to introduce import taxes for reasons of national security.