Market News

U.S. stock indexes saw their worst day in over a month on Wednesday, after the Federal Reserve signaled that it wasn’t likely to raise interest rates or lower them

The Pound Sterling was trading close to a 2-week peak versus the US Dollar during light holiday trade on Wednesday, holding on to earlier momentum on signs of some progress in the the Brexit discussions in Parliament.

The Eurozone economic growth improved significantly in the first quarter, rising 0.4% and contradicting the investors and analysts fears.

U.S. President Donald Trump called on the Federal Reserve to cut interest rates by 1 percent and to implement a quantitative easing program that would boost the country’s economy further.

United States Treasury Secretary Steve Mnuchin said that he hopes to progress in the upcoming trade talks with China and that he expects his team will have a "productive discussion" with the Chinese negotiators.

Asian shares and oil prices were under pressure on Tuesday after reports showed that Chinese manufacturing activity grew less than expected.

The US Dollar rally paused on Monday despite the latest surprisingly upbeat data. Analysts say that the data is enough to convince FX traders that the slowdown in economic activity is a thing of the past.

The International Monetary Fund (IMF) just published its Regional Economic Outlook for the Middle East and warned against the slowing economic growth and the trade tensions which are affecting the Middle East economic situation and dimming its prospects for the future.

Asian markets were mixed on Monday afternoon as traders combined renewed optimism about a trade deal between the United States and China with data showing that Chinese industrial profits grew for the first time in four months.

This week is likely to see more activity in the market compared to last week, with important central bank input due from the U.S. Federal Reserve and the Bank of England, and a release of non-farm payrolls data scheduled for this week.

In early Friday trade in Asia, the US Dollar Index remained close to a 2-year peak as FX traders await today's release of growth data from the US.

Iranian foreign minister Mohammad Javad Zarif said on Wednesday that the United States must be prepared for the consequences if they continue with their efforts to prevent Iran from selling its oil globally and blocking countries from using the Strait of Hormuz.

South Korea’s economy shrank unexpectedly in the first quarter of 2019, cementing the country’s first quarter of loss since the global financial crisis in 2008.

Disappointing inflation figures from the Reserve Bank of Australia and the Australian Bureau of Statistics sent the Aussie Dollar lower against its US counterpart, with FX traders now anticipating a rate cut from the Reserve Bank of Australia.

The Chinese Central bank decided to grant $39.8 billion dollars in medium-term loans to some commercial lenders.