Market News

The Pound Sterling had eked out gains against the US Dollar and the Euro as FX traders sold off their holdings in the able amid continuing doubt over whether a transition deal can be brokered between the European Union and Britain.

Asian shares recovered on Tuesday, after U.S. President Donald Trump signaled that his proposed steel tariffs would be canceled if a “fair” NAFTA agreement is reached.

Emerging market shares hit their lowest point in over three weeks on Monday, as investor concerns about a possible trade war kept traders concerned that emerging markets could be among the hardest hit by U.S President Donald Trump’s tariff threats

The Euro was able to make some headway after this weekend’s political drama in Italy; the common currency remains close to the session trough, however, as investors digest the repercussions of the political uncertainty.

Global stock markets were broadly lower on Monday morning as investors fled from stocks and looked towards safe haven assets such as gold and the Japanese yen, prompted by worries about the Italian election which is shaping up to produce a hung parliament.

This week will see a very heavy news agenda, with major central bank input from several major economies, and very important Non-Farm Payrolls numbers due from the U.S.A.

The US Dollar came under some sell pressure after the US President announced his decision to implement tariffs on specific imports, namely steel and aluminum.

Investors continue to remain wary of the Brexit negotiations and as a result have sold off the Pound Sterling once again.

Asian stocks were broadly lower on Thursday after the Dow Jones Industrial Average and the S&P 500 closed February lower, breaking their longest winning streaks since 1959.

The Pound Sterling once again is under pressure as FX traders await the official release of the first draft

The dollar was higher on Wednesday, following Federal Reserve Chair Jerome Powell’s hint

The Dow Jones Industrial Average sunk just over 299 points on Tuesday after Federal Reserve Chair Jerome Powell hinted that the Fed could raise interest rates more than three times in 2018.

The Pound Sterling moved higher against the US Dollar as investors sit on the sidelines ahead of testimony from Jerome Powell, the newly appointed chief of the US Federal Reserve Bank.

The International Energy Agency (IEA) predicted on Tuesday that the United States will surpass Russia as the world’s biggest oil producer by sometime next year, if not sooner.

The Pound Sterling was hi9gher after one deputy governor of the Bank of England reinforced the markets’ view that a rate increase would soon be forthcoming.