Market News

The OECD (Organization for Economic Co-operation and Development) employment rate increased in the last quarter of 2018, hitting record levels since the organization began to collect employment data from its members.

Analysts expected China’s economic growth to decline in Q1 2019 but reports out on Wednesday defied expectations and showed a steady 6.4 percent growth from Q1 2018.

The Japanese economy minister said that the trade talks with the United States were “Frank and Good”.

Volatility expectations for the Pound Sterling have decreased markedly to 1-year lows after news that the Brexit was approved for a 6-month delay. In the here and now, however, upbeat labor data out of the UK failed to provide any sustainable lift for Sterling.

Oil prices struggled for a second consecutive day after Russian officials announced that they may increase production in an effort to compete for more market share.

The British Pound edged higher during London trade on Monday even as the parties continue to discuss the Brexit arrangements for the newly extended departure date.

According to two anonymous sources, the United States is reducing its demands that China curb its industrial subsidies as its policymakers attempt to come to a suitable trade deal with China.

The Japanese yen continued to struggle on Monday as a solid start to the U.S. earnings season sent traders away from the safe-haven currency into the arms of riskier assets.

The latest inflation data out of the US briefly helped to send the greenback higher against the safe haven Japanese Yen, but otherwise failed to provide a sustainable lift.

Though there may have been some relief that the Brexit has been postponed until October 31st, it wasn't apparent among FX traders who allowed the Pound Sterling to stall in Thursday trade.

The Organization for Economic Co-operation and Development recently presented a report during a UN meeting where they claim that the size of the middle class is declining in the most economically developed countries while the richest and powerful are enjoying improving earnings, boosting social and economic inequality.

European Union leaders have agreed to extend the deadline for the UK’s Brexit until October 31, 2019, with a checkup of progress due in June.

The Pound Sterling inched higher against the US Dollar but remains within a tight trading band as FX traders get ready for the next set of uncertainties revolving around the Brexit.

The International Monetary Fund announced on Tuesday that it expects the global economy to grow at a rate of 3.3 percent, lower than the 3.5 percent originally predicted.

The Pound Sterling surged briefly during Tuesday trade in London but gave back most of its gains when it was learned that the news which had prompted the rally was disavowed by the German government.