Market News

Oil prices were modestly higher on Thursday thanks to continued supply cuts by OPEC and ongoing sanctions against Venezuela and Iran by the United States.

The Australian Dollar struck a 2-month trough against its US counterpart during London trade on Wednesday as indications of a slowdown in the Australian economy are supporting analysts' expectations that the Reserve Bank of Australia will likely lower interest rates.

The European Union may not be far from a recession if the main threats that it's facing, like a no-deal Brexit or the trade tensions with the United States, become a reality, said the European Commissioner for Budget and Human Resources Günther Oettinger.

Gold prices traded firmly above five-week lows on Wednesday as traders sought the safe-haven commodity as the global stock rally of recent sessions lost steam.

Traders are still trying to push the Pound Sterling higher against the US Dollar as the sentiment shifts to favorable as regards the Brexit negotiations.

This week traders in all global financial markets will be paying attention to the upcoming meeting in the ECB and their assessment about the TLTROs (targeted longer-term refinancing options), as the first deadline is coming to an end.

Asian markets were broadly lower on Tuesday afternoon, following Wall Street down after a turbulent day on Monday.

The Pound Sterling edged higher against both the US Dollar and the Euro during London trade on Monday on increasingly positive signals from pro-Brexit Parliamentarians.

Asian markets headed higher on Monday as traders once again expressed optimism about what they hope will be a new trade deal between the United States and China in the coming days.

This week is likely to see a more active market, with a crucial U.S. Non-Farm Payroll data release due as well central bank input from the Bank of Canada and the Reserve Bank of Australia.

The US Dollar edged higher against the Japanese Yen, after an unexpectedly upbeat GDP helped to lift the greenback.

The Pound Sterling edged off of its recent peaks as investors decided to book their profits as they assess the Pound's future given the latest developments with the Brexit.

In February 2019, US President Donald Trump signed the official order for the American AI Initiative.

The dollar remained firmly above three-week lows on Thursday as investor optimism about a trade deal between the United States and China declined.

The Pound Sterling continues to surge higher against its major peers with the uncertainty of a no-Brexit outcome seemingly less likely as the days progress toward the March deadline.