Market News

The EUR/USD hit a 2-week peak during trade in London as FX traders resumed their purchases of risky European assets on expectations that Eurozone growth is likely to remain strong, in spite of a low rate environment.

Oil prices were lower on Tuesday afternoon as investors feared that continued increases in U.S. output would negate OPEC’s efforts to buoy oil prices.

According to the most recent forecasts, the Aussie Dollar isn’t likely to get much of a boost in the future, with little to no movement predicted for the coming 12 months.

The British pound hit an eight-day high on Friday to trade at $1.3229, but retreated early on Monday after 40 members of British Prime Minister Theresa May’s Conservative Party committed to signing a letter of no-confidence in her.

This week will see a heavier news agenda, with the key items coming as U.S. economic data releases. There is no Central Bank input scheduled, although the heads of several major Central Banks will be making public comments.

The US Dollar continues to be under pressure in Asian trading and is poised to record a loss for the week on investor disappointment over the latest tax reform proposals.

The US Dollar edged lower against the Japanese Yen after an unexpected decline in Japan’s stock market dampened risk sentiment.

It’s no secret that the price of bitcoin has fluctuated wildly in recent weeks, but this volatility may end if the world’s largest futures exchange, CME, implements price fluctuation limits on its planned bitcoin futures product.

The US Dollar was broadly lower as investors begin to question US President Trump’s ability to push through a major revamp of the US tax code.

Oil prices were broadly lower during Wednesday’s Asian session on reports that Chinese crude imports fell to their lowest levels in a year.

Earlier, the Pound Sterling had been relatively steady versus the US Dollar but is now currently under some pressure.

The S&P 500 Index of the 500 highest-cap U.S. publicly quoted companies hit a new all-time high yesterday, and is still rising this morning in off-session trading.

The US Dollar was relatively unchanged in London trading on Monday following last Friday’s profit-taking on a week now recorded as the Dollar’s best performance of 2017.

Despite less than stellar jobs data on Friday, the U.S. dollar traded near three-month highs early in Monday’s Asian session, buoyed by solid data about service sector activity.

This week will see a lighter news agenda, with the key Central Bank input coming from Australia and New Zealand. There are very few important releases scheduled beyond this area.