Market News

The dollar was higher against its primary trading partners on Thursday morning, propelled by a recent slew of central bank announcements which took a decidedly dovish stance.

Once again, it is the Brexit news and its impact on the Pound Sterling which is dominating FX markets.

The TAX3 committee, which was created by the European Parliament after several fiscal evasion scandals in the EU, released a report detailing the several ways the European tax system can be circumvented.

Wall Street closed higher on Tuesday despite weak data out of the United States that showed construction of single-family homes hovered near a two-year low.

The Pound Sterling slipped during London trade on Tuesday as the Parliament voted to take the helm of the Brexit process.

In a recent survey, the Pew Research Center found that most of Americans foresee a gloomy future for the United States economy.

The Pound remains under significant sell pressure, especially given the latest geopolitical news out of London.

The Pound Sterling was lower as investors brace for another week of uncertainty in UK politics.

In normal conditions, the long term US treasury notes yield is above the short term one, however, lately the former has been behind the later, a rare phenomenon which is usually associated with an increased risk of recession.

Concerns about a global economic slowdown and a recession in the United States sent global stock indexes broadly lower during Monday’s Asian session

This week is likely to see a less active market, with central bank input due only from the RBNZ, as well as more Brexit drama and some important economic data for the U.S. and Canadian Dollars.

The Pound Sterling reversed course on news that the Brexit deadline has been extended by the European Commission.

The Norwegian Krona surged in Thursday trading in London after Norges Bank took a decidedly hawkish turn.

The British opposition leader, Jeremy Corbyn is traveling to Brussels this Thursday in order to discuss an alternative Brexit plan with European Union representatives.

The Federal Reserve’s announcement on Wednesday sent traders swiftly away from the U.S. dollar and offered support to Asian stock markets.