Market News

On Tuesday U.S. President Trump announced that he was going to start the process of implementing tariffs on another $200 billion of Chinese goods, and China responded quickly and harshly.

Asian markets opened lower on Wednesday after reports out of Washington confirmed that the United States would impose tariffs on another $200 billion of Chinese imports.

The US Dollar came back into favor with FX traders on renewed interest in higher risk currencies.

There are a lot of unknowns in the United Kingdom these days, but two things are certain: David Davis and Boris Johnson, two key players from Prime Minister Theresa May’s government, have opted out

The Pound Sterling was higher against the US Dollar on Monday as FX traders decided that the resignation of the government minister assigned to all things “Brexit” would likely not endanger Theresa May's position.

Oil prices edged higher on Monday morning in Asia as investors remain wary of the trade war sparked on Friday between the U.S. and China.

On Saturday Iran accused US President Donald Trump of destabilizing the oil markets - is that true?

The first tariffs on Chinese and U.S. goods were implemented on Friday, and analysts are already concerned about how they'll impact the global economy.

This week will see a relatively light news agenda, similar to last week, with central bank input due from the Bank of Canada, plus minor statements from the European Central Bank and the Bank of Japan, as major economic data releases primarily concerning the U.S. Dollar and the British Pound.

There’s no question that the brewing trade war has introduced a new wave of volatility to the global stock markets.

FX traders remain on the sidelines as they wait for news as to whether or not US President Trump will follow through on his threat against Chinese imports.

Against the US Dollar, the common currency Euro inched higher to a 3-week peak on the latest economic news out of Germany, the EU's economic powerhouse.

Global currencies were trading fairly flat early on Thursday morning in Asia as traders wait patiently for Washington’s Friday deadline for imposing $34 billion of tariffs on Chinese imports.

The latest economic data from the UK, specifically the Services Sector PMI survey which was produced by Markit Surveys, showed an improvement in the June numbers with a reading of 55.1 against an expected flat reading of 54.0.

Oil prices headed higher on Wednesday, boosted by data out from the American Petroleum Institute which confirmed that U.S. crude inventories dropped by 4.5 million barrels last week.