Market News

The US Dollar Index steadied during Asian trade and is poised to show a gain for the week.

As the voting begins today for a new Prime Minister, FX traders are sitting on the sidelines wary of the prospect that the next PM could take the UK out of the European Union without an agreement in place.

European Union ministers are meeting on Thursday night in Luxembourg in order to approve some Eurozone reforms, however, they may struggle to reach a consensus since there are many interests at stake, with many parties involved.

U.S. President Donald Trump announced on Wednesday that he is mulling over the possibility of sanctioning the Nord Stream 2 pipeline

Attempts in the UK Parliament to block a “no-deal Brexit” have helped to lift the Pound higher against the US Dollar and the Euro.

The European Central bank (ECB) President Mario Draghi is expected to give the opening speech at ECB conference on CESEE in Frankfurt later today.

Oil prices took a sharp turn downward on Wednesday even after it was announced that OPEC ministers are working diligently to extend their production cuts, a move that was made to keep prices stable in the face of record U.S. production.

While aiming to raise the sales tax in October, the Japanese are willing to change their policy if the economic conditions get worse according to sources.

The Pound Sterling managed to recover after being under heavy pressure against both the US Dollar and the Euro, despite labor data which was unexpectedly disappointing.

President Donald Trump has threatened to put fresh tariffs on Chinese imports immediately if Chinese President Xi Jinping does not attend the G-20 summit that is scheduled for the end of this month.

The Pound Sterling took a sharp downturn after the Office of National Statistics released data which disappointed many FX traders.

The European Union is planning to launch an alternative to the World Trade Organization (WTO) as the latter is being threatened by president Donald Trump's blockade.

A deal last week between the United States and Mexico has suspended U.S. President Donald Trump’s planned tariffs on Mexican imports, sending global markets higher on Friday on Wall Street and into Monday’s Asian trading session.

As of today, 7 June 2019, Theresa May has officially stepped down as Conservative leader and Prime Minister of the United Kingdom.

Though currently higher, the US Dollar is on track to record its worst single week's performance this year ahead of the release of private sector labor data.