Market News

U.S. stocks were under fire on Monday with the Dow Jones Industrial Average falling nearly 1,600 points at one point and all three major stock indexes erasing all of 2018’s gains thus far.

The US Dollar couldn’t maintain the momentum after last Friday’s upbeat labor report provided the greenback with a solid lift.

Asian shares were broadly lower on Monday as inflation fears fueled projections that global central banks may tighten monetary policy more aggressively in the near term.

This week will see a reasonably full news agenda, with the key items of central bank input all concerning the U.K., Australia, and New Zealand.

The US Dollar was broadly lower in Asian trading on Friday and is poised to close out the week with a decline, especially against the common currency Euro as investors focus on the Eurozone’s renewed economic strength.

The Pound Sterling gained strength during trading on Thursday after a tough week of losses.

The dollar held steady against its primary trading partners on Thursday after the Federal Reserve held rates steady but noted that inflation is likely to continue rising

The Pound Sterling edged lower versus both the US Dollar and the common currency Euro on the latest Brexit-related news.

Though global stock markets reversed their two-day downtrend on Wednesday, aiming to end January with the second-best yearly start in history, bitcoin was unable to ride the wave of optimism

The dollar was moderately lower during Wednesday’s Asian session, more likely due to traders waiting eagerly for the Federal Reserve announcement.

The Pound Sterling managed to rise up recent pressure after earlier falling to a 1-week trough versus the US Dollar.

Global markets took a breather on Tuesday morning as traders eyed the busy week ahead which includes President Trump’s first State of the Union address tonight and Federal Reserve Chair Janet Yellen’s last policy meeting tomorrow.

The Pound Sterling edged lower versus the US Dollar as Theresa May, the UK Prime Minister, appears to be facing a new challenge leadership challenge which may play a hand in her attempt to gain favorable terms for the Brexit.

The dollar took a break from its downtrend on Monday morning, posting modest gains against its primary trading partners, and sending the dollar index slightly higher, to 89.18 .DXY

This week will see a heavier and more serious news agenda than last week, with the key items of central bank input all concerning the U.S.A.