Market News

The common currency euro continues to move higher against the greenback, moving away from a 2-month trough after the European Central Bank's Mario Draghi surprised investors.

The British Labour party member John Mcdonnell exposed clearly what his party intends to do regarding the Brexit.

Boris Johnson, the new Prime Minster of Britain, has reiterated his long held stance that he is willing to withdraw from the EU even if no agreement has been reached.

The S&P 500 and the Nasdaq hit new all-time highs on Wednesday, led by strong earning reports and a rally in the tech sector, specifically in the semiconductor arena.

After several days of losses the Pound Sterling finally saw a reprieve against the greenback and Euro during Wednesday trade in London.

Recent Australian Economic data shows a slowing down real estate market, as the demand hit a 6-year low.

Politicians, market analysts, manufacturers, and consumers across the globe have been eagerly awaiting news about the trade negotiations between the United States and China, but it appears that a true update may not be imminently forthcoming.

Sterling continues to be under heavy pressure a FX traders await the outcome of the race to replace Theresa May as Prime Minister.

After weeks of closed-door negotiations, the United States President Donald Trump together with congress representatives from both parties just closed a deal on Monday that would extend the time limit for the Debt Ceiling and the Budget.

Though formal results for the UK elections will only be announced on Tuesday morning, several prominent news outlets, including Reuters, have published expectations for Boris Johnson to be named the next Prime Minister of the United Kingdom.

The pound Sterling moved lower in Monday trade in London as investors hedged against further Pound weakness ahead of tomorrow's election.

The Confederation of British Industry recently published what they call a “Business Manifesto” which asks the next Tory leader to ensure a Brexit accord and implement a long term plan for the economy that would be based on private investing.

Oil prices were higher during Monday Asian trading session as traders showed concern about supply disruptions after Iran seized a British tanker last week.

This week is likely to see at least a little more market activity than last week, with central bank input due concerning the Euro and important U.S. GDP data due late in the week.

The G7 finance chiefs expressed their skepticism towards Facebook's attempt to issue a digital currency, as they consider that several regulatory problems should be solved before it could be launched.