Market News

Though struggling for traction currently, the US Dollar is still poised to record the highest weekly gain since November

This morning at 08:27 UTC, the wealthiest man on Earth tweeted the simple one-word message “Doge” – preceded by an image of a soaring space rocket.

The pound sterling struck a 2-week low against the greenback as Forex traders await the decision and subsequent statement on monetary policy changes from the Bank of England.

Stock Rally Falters; U.S. Dollar Continues to Rise; ADP Jobs Forecast Beats Expectations.

Waiting for the upcoming monetary policy meeting of the Bank of England, Forex traders sent the pound sterling lower against its main rival, the US dollar.

Stock Markets Continue to Rise; NZD Rises as Unemployment Falls; Bezos Steps Down as Amazon CEO; New Coronavirus Cases Starting Decline.

The government's efforts to hasten the pace of the COVID-19 vaccination schedule is helping to restore confidence in the outlook for the economic recovery.

S&P 500 has best day in 10 weeks; silver falls from 8-year high; progress on U.S. stimulus; U.S. dollar begins to strengthen.

The pound sterling recovered and moved back to the recently struck 3-year peak during London trade on Monday.

According to the Wall Street Journal, the CEOs of Exxon and Chevron discussed a potential merger of both companies, given the fall in the price of crude oil this year.

Silver Rises 7% to 5-Month High; Risk Appetite Returns; U.S. Dollar Weakens.

GameStop: Day Traders Cry Foul at Robinhood and Want Justice

A shift in risk sentiment had helped to push the US Dollar into the background.

In its January 2021 policy statement, the Federal Reserve Open Market Committee painted a somewhat darker picture of the U.S. economy, with a fragile recovery under greater threat from a resilient coronavirus than it was a month ago.

The British pound couldn't maintain momentum and lost ground against both the US dollar and euro during Thursday's session in London.