Market News

Against the US Dollar, the Pound Sterling struck a 3-week trough while FX traders await the outcome of a meeting.

In an unprecedented move, the European Commission rejected Italy’s 2019 budget and told Italian policymakers that it must revise the proposed budget.

The Euro slipped against the US Dollar, falling close to a 2-month trough ahead of a European Commission meeting which will discuss the Italian budget problem

Asian stock indexes were lower on Tuesday after impressive rallies on Monday as traders were once again expressing fears about the U.S.-China trade war

China’s major stock indexes were broadly higher on Monday, with the Shenzhen Composite climbing 4.87 percent as of 1:57 p.m. HK/SIN, just off its daily gain of 4.963 percent.

This week is likely to be more active, as there is central bank input due for both the Euro and the Canadian Dollar, plus a major item of USD data.

The latest political news centering on Italy's latest budget pushed the common currency Euro to a fresh 1-week trough on concerns over political tensions within the Eurozone.

The British Pound moved higher during London trade on Thursday after Theresa May said she was willing to discuss a transition period extension after the Brexit.

The minutes from the latest Federal Reserve meeting were released on Wednesday, and they showed that the U.S. economic policymakers remain committed to raising interest rates despite President Trump’s vehement opposition.

The Pound Sterling came under sell pressure after the latest fundamental news showed UK inflation falling more than had been expected last month.

The US Dollar was able to make some headway against the Japanese Yen, fueled by better than expected earnings reports on Wall Street which helped to shift the market's earlier safe haven sentiment.

Unexpectedly upbeat employment data helped to push the Pound Sterling higher.

Earlier, the US Dollar came under pressure following the latest release of economic data which showed unexpectedly weak retail sales figures.

The Pound Sterling traded close to a 1-week trough as negotiators for the Brexit deal have hit a stumbling block.

A study conducted by an observatory of the digital currency market shows that the largest Bitcoin holders are a variety group that can contribute to price stability instead of destabilizing the market.