Market News

This week is likely to see a much greater level of market activity compared to last week, with central bank input due from the U.S., Japan, the U.K., Switzerland and Australia, in addition to other important data releases for a few of the major currencies.

The Japanese Yen continues to flirt with a 6-week trough against the US Dollar as hopeful indications that China and the U.S. were moving closer to an agreement over their long-running trade dispute.

The common currency Euro is trading close to the $1.10 level ahead of the European Central Bank's policy decision.

Today the European Central Bank governing council is announcing its monetary policy statement, a move that is being followed by market agents around the world, as other central banks have been taking easing stances.

In a Twitter post on Wednesday, U.S. President Donald Trump announced that he will postpone the upcoming tariff increases on Chinese products

Wall Street futures were pointing to little change for the upcoming session open

The British Pound floated higher and remained just off a 6-week peak as concerns over a hard Brexit seem to be receding, despite Boris Johnson's efforts to pull Britain out of the EU, with or without a deal.

Few individuals have the ability to move the market like John Bolton, the U.S. National Security Advisor who was fired yesterday by President Donald Trump.

The main role of the United States Securities and Exchange Commission is regulating the U.S. securities markets.

The Pound Sterling remains under sell pressure despite news that the UK Parliament was going to try to force the Prime Minister to request a new deadline.

British Prime Minister Boris Johnson’s attempt to call a snap national election was quashed on Monday when only 293 members of parliament (MPs) voted in support of Johnson’s motion, significantly short of the threshold needed to pass it.

British MPs are set to decide on Boris Johnson's call for a 15 October vote, however, it's highly unlikely that they will back the Prime Minister's proposal before they make sure the no-deal Brexit is stopped.

The Pound Sterling is moving close to a 5-week peak on revived hopes that next month's withdrawal from the European Union will not be an overly difficult one after all.

The Japanese economy grew at 1.3 percent in Q2 2019, in-line with the median expectation, but weaker than the preliminary reading of 1.8 percent, the Cabinet Office announced on Monday.

This week is likely to see a lower level of market activity compared to last week, with central bank input due from the European Central Bank only.