Market News

This week is likely to see less market activity than last week, with important central bank input due concerning only the New Zealand Dollar.

The US Dollar was under pressure during the Asian trading session on Friday and is expected to record a loss for the week against most of its major rivals.

​Due to the increasing global trade tensions, the European Central Bank is willing to use any available instruments to fix the Eurozone economy.

The Pound Sterling was higher in the hours ahead of the Bank of England's monetary policy decision as FX traders waited to see whether it would maintain its stance on tightening.

The U.S. Federal Reserve may not have cut interest rates at its June policy meeting, but it signaled the possibility for interest rate cuts sometime this year, and that was all traders needed to get excited

The Pound Sterling was higher against the Dollar and Euro today, taking a breather from a losing streak which had lasted six weeks.

The leader of the British Labour Party, Jeremy Corbyn, may change his position regarding Brexit and would openly push for a second referendum.

The U.S. dollar was trading mostly flat against its primary trading partners before the London open on Wednesday

The ECB annual forum began with the idea that the Euro has increased the economic convergence in Europe, a very polemic insight that goes against the current academic consensus.

The realization that the next Prime Minister might be Boris Johnson has sent FX markets into panic mode and earlier pushed the Pound to a 5-month trough versus the Euro.

After a choppy trading day on Monday, Asian benchmarks were mostly higher on Tuesday as traders approached the two-day Federal Reserve policy meeting with subdued optimism.

The Pound continues to be weighed by expectations that the next Prime Minister is likely to be Boris Johnson, which will mean that any possibility of a soft Brexit is dwindling.

ECB executive board member Benoît Cœuré, also a very solid contender to succeed the current ECB president Mario Draghi, said that the markets are sending "bleak" signals that are contradicting positive economic data.

The Federal Reserve will be holding its June policy meeting on Tuesday and Wednesday, after which it will announce its policy decision- but traders are already eager for the results, and are trading cautiously.

This week is likely to see more market activity than last week, with important central bank input due concerning the U.S. Dollar, the Japanese Yen, and the British Pound.