Market News

Brent crude futures hit $71.34 per barrel on Tuesday, their highest level since November 2018, before retreating slightly on concerns that the global economic slowdown would reduce demand and tighten the commodity market.

U.S. President Donald Trump nominated Herman Cain and Stephen Moore for the Federal Reserve Governing Board, a contentious move amid escalating tension between him and the central bank leadership, as Trump continues to ask for easy monetary policy while the Fed is opting for tightening the monetary policy.

The Pound Sterling was trading above the $1.30 level within narrow ranges as Brexit talks continue among the key players.

This week is likely to see a similar level of activity in the market, with central bank input due from the FOMC and the ECB, and there will also be important U.S. and British economic data releases, as well as more Brexit drama as the deadline for a final decision is approaching again.

The US Dollar struck a 3-week peak against the Japanese Yen during Asian trade on Friday.

The International Monetary Fund recently released a report where they claim that only macroeconomic factors, not tariffs, contribute to changes in the commercial balance between two countries.

U.S. President Donald Trump is set to meet with Chinese Vice Premier Liu He today in an effort to advance the trade negotiations between the two countries.

With hopes that the trade conflict between the United States and China might soon be ended with an agreement between the two nations, the Australian Dollar moved higher during Wednesday trade.

The IMF Chief Christine Lagarde said that many world economies are going to have a slower economic growth this year, but she doesn't see a recession coming in the short term.

Brent crude futures were trading near $70 per barrel on Wednesday, boosted by news that the United States is considering additional sanctions against Iran.

Uncertainty related to the Brexit continues to weigh on the Pound Sterling with the Prime Minister once again placed in a difficult position.

The British parliament voting session on Monday night proved that beating the premier's accord is easier than backing an alternative.

The US Dollar touched a 2-week peak versus the Japanese Yen during Asian trading on Tuesday as waning concerns over global growth helped to push yields on US Treasuries off of the 15-month low.

Though it could not maintain momentum, the Pound Sterling had earlier inched higher against the US Dollar as FX traders' expectations of a softer Brexit outcome continue to coalesce.

Oil prices were higher on Monday morning in London after ending Q1 with the strongest quarterly gains in a decade, even as investor concerns about the U.S.-Sino trade war and the slowing global economy put pressure on global markets.