Market News

News that the UK labor market was stronger than had been predicted helped to briefly lift the Pound Sterling out of the doldrums.

On Tuesday, January 22, 2019, the markets will be concerned with the release of economic calendar data, which usually results in changes in price movements.

The US Dollar held close to a 2-week peak versus its key rivals as worries grow over the news that the Chinese economy has slowed to a 28-year low.

The US Dollar Index, used by investors to gauge the relative strength of the greenback against major peers, was lower but remained close to a 2-week peak

This week will see some key activity, with central bank input from the ECB and the Bank of Japan, as well as important data releases primarily concerning China and New Zealand.

The US Dollar gained some support against the Japanese Yen during Friday trade in Asia on renewed optimism that the trade talks between the US and China are exhibiting signs of progress.

Sterling remained not far from the recently struck 2-month peak against both the US Dollar and the Euro on investor uncertainty.

Asian markets were trading mixed on Thursday afternoon, with Japan’s Nikkei 225 and the Shenzhen Composite trading lower

While lower currently, the Pound Sterling remains close to a 2-month peak as FX traders await the a no-confidence vote against Theresa May and her government.

Global markets were on edge after British Prime Minister Theresa May’s Brexit deal was brutally shot down on Tuesday, in a vote of 432-202, the worst defeat in modern British history.

The common currency Euro moved lower during London trade on Tuesday after the latest economic report out of Germany underscored investors' fears of a widening slump within the Eurozone.

Global investors were trading cautiously in advance of the Brexit vote on Tuesday, as traders seemed to focus more on the vote than earnings reports, which usually take center stage.

The Pound Sterling remains close to a 7-week peak on hopes that the Prime Minister's last-ditch attempts to gain support for her Brexit proposal will be sufficiently successful to push through on tomorrow's vote

Weak data about China’s exports in December 2018 shook global stock markets on Monday and pointed to continuing weakness in the country’s economy in 2019.

This week will see some key activity, with central bank testimony from the ECB and the Bank of England, as well as important data releases primarily concerning the British Pound and the crucial Brexit vote, and G20 meetings at the end of the week on Thursday and Friday.