Market News

The Federal Reserve announced an overnight repo operation on Tuesday night, effectively introducing $53.15 billion of cash into the U.S. banking system, a move not used in over ten years.

In a letter to the congress, The United States President Donald Trump said that his government finally reached a first trade deal regarding trade barriers with Japan.

The Pound Sterling slipped against its US counterpart and moved off the recently struck 6-week peak as Boris Johnson doubled down on his assertions that he would not request a Brexit delay.

Despite massive movements in the oil markets in recent days, anticipation of the Federal Reserve’s policy announcement on Wednesday is keeping markets tempered and traders on guard.

Profit taking by FX traders who remain wary that Britain will be able to secure an agreement before the October Brexit deadline has pushed the Pound lower during London trade.

Britain's Prime Minister Boris Johnson insists on delivering the Brexit by October 31, according to a British Government source.

The Saudi Arabian oilfields Abqaiq and Kurais came under a large-scale attack involving 10 drones over the weekend, stopping the production of 5.7 million barrels per day and sending Brent crude prices higher by 20 percent, its biggest spike in 28 years.

This week is likely to see a much greater level of market activity compared to last week, with central bank input due from the U.S., Japan, the U.K., Switzerland and Australia, in addition to other important data releases for a few of the major currencies.

The Japanese Yen continues to flirt with a 6-week trough against the US Dollar as hopeful indications that China and the U.S. were moving closer to an agreement over their long-running trade dispute.

The common currency Euro is trading close to the $1.10 level ahead of the European Central Bank's policy decision.

Today the European Central Bank governing council is announcing its monetary policy statement, a move that is being followed by market agents around the world, as other central banks have been taking easing stances.

In a Twitter post on Wednesday, U.S. President Donald Trump announced that he will postpone the upcoming tariff increases on Chinese products

Wall Street futures were pointing to little change for the upcoming session open

The British Pound floated higher and remained just off a 6-week peak as concerns over a hard Brexit seem to be receding, despite Boris Johnson's efforts to pull Britain out of the EU, with or without a deal.

Few individuals have the ability to move the market like John Bolton, the U.S. National Security Advisor who was fired yesterday by President Donald Trump.