Market News

Traders and analysts have recently gotten excited at the prospect of an interest rate cut by the Federal Reserve in the coming months, with some expecting the move as quickly as next month.

The Pound Sterling was able to eke out gains against the US Dollar thanks to overall weakness in the greenback, but any gains are likely to be capped after Boris Johnson had said he would definitely pull Britain out of the EU, even without a deal in place.

Echoing previous remarks, the European Central Bank vice president Luis de Guindos said on Tuesday said that the profitability of the Eurozone banks is low and that this together with a slowing down economic growth could affect the sector in the long run.

Global traders are keeping their focus on the trade talks between the United States and China, with a highly-anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping

Earlier, the Pound Sterling retreated from the earlier struck 1-month peak but analysts say that was really attributed to a Dollar selloff more than any single event.

The Government of New Zealand plans to introduce a deposit protection regime that would protect the New Zealand citizens if a bank collapsed, according to the Finance Minister Grant Robertson.

Global markets headed broadly higher on Monday, with bitcoin enjoying the biggest gains as the cryptocurrency traded above the $11,000 mark for the first time since March 2018.

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