Market News

The British justice secretary, David Guake said that it would not be sustainable for the Prime Minister to ignore the will of the members of the House of Commons if they decide to vote for a softer Brexit.

This week is likely to see a more active market, with central bank input due only from the RBA, but there will also be important U.S. data in the form of non-Farm Payrolls, as well as more Brexit drama as the deadline for a final decision approaches again.

Despite the news that the 4th quarter Gross Domestic Product report for the United States was worse than expected at 2.2% (year-over-year) against forecasts of a drop to 2.4%, the US Dollar is poised to move higher.

The European Central Bank president, Mario Draghi, reassured on Wednesday that the institution still has tools to continue its job, as concerns about the negative effects of keeping negative rates grow.

The Pound Sterling failed to gain momentum even after the offer of Theresa May's resignation hit the table.

The dollar was higher against its primary trading partners on Thursday morning, propelled by a recent slew of central bank announcements which took a decidedly dovish stance.

Once again, it is the Brexit news and its impact on the Pound Sterling which is dominating FX markets.

The TAX3 committee, which was created by the European Parliament after several fiscal evasion scandals in the EU, released a report detailing the several ways the European tax system can be circumvented.

Wall Street closed higher on Tuesday despite weak data out of the United States that showed construction of single-family homes hovered near a two-year low.

The Pound Sterling slipped during London trade on Tuesday as the Parliament voted to take the helm of the Brexit process.

In a recent survey, the Pew Research Center found that most of Americans foresee a gloomy future for the United States economy.

The Pound remains under significant sell pressure, especially given the latest geopolitical news out of London.

The Pound Sterling was lower as investors brace for another week of uncertainty in UK politics.

In normal conditions, the long term US treasury notes yield is above the short term one, however, lately the former has been behind the later, a rare phenomenon which is usually associated with an increased risk of recession.

Concerns about a global economic slowdown and a recession in the United States sent global stock indexes broadly lower during Monday’s Asian session