Market News

This week is likely to see a less active market, with central bank input due only from the RBNZ, as well as more Brexit drama and some important economic data for the U.S. and Canadian Dollars.

The Pound Sterling reversed course on news that the Brexit deadline has been extended by the European Commission.

The Norwegian Krona surged in Thursday trading in London after Norges Bank took a decidedly hawkish turn.

The British opposition leader, Jeremy Corbyn is traveling to Brussels this Thursday in order to discuss an alternative Brexit plan with European Union representatives.

The Federal Reserve’s announcement on Wednesday sent traders swiftly away from the U.S. dollar and offered support to Asian stock markets.

With the failures in Parliament stacking up against her, the Prime Minister is expected to request a brief delay to the looming Brexit deadline.

Asian business confidence hit a three-year low amid a dragging trade feud between the United States and China and a slow-down of the broader global economy.

Asian stock indexes were broadly lower on Wednesday after renewed investor concerns about the state of the trade conflict between the United States and China.

An upbeat UK jobs report helped to keep the Pound Sterling near earlier highs, though uncertainty as it relates to the Brexit has kept many investors on the sidelines.

Irish prime minister Leo Varadkar is meeting with the European council president Donald Tusk just ten days ahead of a possible no-deal Brexit.

OPEC and its oil-producing allies cancelled their planned April meeting on Monday, a move which confirmed that the production cuts that began in January will continue until at least June.

The Pound Sterling couldn't maintain momentum and edged lower against the US Dollar on doubts that the Prime Minister will be able to get her Brexit-related amendments Parliamentary approval.

After the European Commissioner for Competition Margrethe Vestager decided to block the Siemens and Alstom merger, the negative reactions, mainly from German and French senior officials and positions, came out swiftly.

Concerns about a global economic slowdown dominated markets on Monday, sending oil prices lower and pushing investors to expect a dovish tone from the Federal Reserve in its statement later this week.

This week is likely to see a very active market, with crucial U.S., British, and Swiss Central Bank input due, as well as another key Brexit vote in the British Parliament which is likely to finally determine whether the U.K. will be leaving the E.U. within the foreseeable future.