Market News

Oil prices were lower during Thursday’s Asian trading session after reports out of the United States on Wednesday showed that U.S. crude inventories hit their highest level since December 2017.

The Pound Sterling edged higher during trade in London on Wednesday as investors' pin their collective hopes on the Prime Minister who appears to have crafted a proposal that the European Union can get behind.

The global stock selloff that started on Monday continued into Wednesday’s Asian trading session as traders show concern about global growth.

Investors' concerns over the pace of the Brexit negotiations once again weighed on the Pound Sterling and sent it broadly lower.

Global stock markets were broadly lower on Tuesday after a dramatic day of selling on Wall Street on Monday which was spurned by weakness in the technology sector.

The Pound Sterling edged higher during Monday's trade in London as the UK Prime Minister makes yet another attempt to garner support for her Brexit plan.

The U.S. dollar was trading mixed on Monday afternoon in Asia as traders tried to digest recent messages from the Federal Reserve which showed some concern about the global growth outlook which may impact the pace of expected interest rate increases.

This week is likely to see a less activity compared to last week, with little central bank input due for any major currencies and very little data due in general.

The Pound Sterling finally took a break from the recent free fall but FX traders remain clearly anxious that Britain might wind up without a Brexit agreement on March 29, 2019.

Safe haven demand increased in the wake of the latest news out of Britain which complicates matters for the Prime Minister who is hoping to push through an agreement in Parliament so that the impending Brexit won't be a “hard” one.

Bitcoin’s market capitalization sunk below $100 billion for the first time since October 2017 on Thursday, falling to low of $97,554,227,588 before reversing.

The Euro remained close to the $1.13 level during trade in London on Wednesday as FX traders wait to see how the European Commission responds to Italy's re-submission of its 2019 draft budget.

News that a Brexit deal, albeit still in draft form, was struck between the British government and the European Union was enough to provide a lift for the Pound Sterling.

A pause in the US Dollar's recent rally helped to push the Euro away from the recently struck 16-month trough.

The GBP/USD fell apart at the psychologically important level at 1.3000 again at the end of this week’s transactions and ahead of the release of a group of important UK economic data.