Market News

Yesterday saw the U.S. stock market, as measured by the benchmark S&P 500 Index, close at the new all-time high price of 3014.30.

Aside from the release of relatively weak, although entirely predictable Chinese GDP data which appeared to have little to no impact upon markets, today is currently dominated by strength in the antipodean currencies, particularly the New Zealand Dollar.

The British Trade Secretary Liam Fox said on Monday that a post-Brexit trade agreement with the United States may take time as it's not possible to reach a deal before the Brexit happens.

China's second-quarter GDP went down to a 27-year minimum, due to a slowing down demand caused by the trade feud with the United States.

This week is likely to see a similar amount of market activity to last week, with no central bank input due except from the Reserve Bank of Australia.

The US Dollar was mixed after moving broadly higher during the Asian trading on Friday when a knee-jerk reaction to yesterday's release of unexpectedly upbeat inflation data helped to shift investor sentiment.

Weakness in the US Dollar helped to push the Pound Sterling higher and allowed it to stabilize though FX traders remain extremely cautious about the outlook for Sterling.

The Conservative politician Boris Johnson, who is the favorite to succeed Theresa May, may work on a plan about how to deliver the Brexit together with several Key EU players.

Wednesday marked the first day of Federal Reserve Chairman Jerome Powell’s testimony to Congress, and analysts around the world paid close attention to everything he had to say.

The Pound Sterling continued to struggle and is still trading close to a 2-year trough despite unexpectedly improved growth data.

The British Labour Party leader Jeremy Corbyn, who is currently promoting remaining into the European Union, challenged the British conservative party to call for another referendum, as we approach the deadline.

It’s not a summer slump that’s keeping volatility low, it’s the upcoming address by Federal Reserve Chairman Jerome Powell to the U.S. Congress that has traders on edge.

The common currency Euro slipped to a 3-week trough versus the US Dollar as FX traders reevaluate their expectations regarding a possible Federal Reserve rate cut later this month.

Croatia is asking to join the European Exchange Rate Mechanism (known also as ERM II), a move that was welcomed by the different European finance ministers.

Gold prices fell on Tuesday morning as traders remained concerned that the U.S. Federal Reserve would not cut interest rates this month as originally expected.