Oil prices continue to remain high, bolstered by OPEC’s production cuts and a decrease in global inventories.
The Japanese Yen touched a 5-day peak versus the US Dollar after the Japanese central bank surprised markets by trimming long-dated government bond purchases.
Most Asian stock indexes were modestly higher on Tuesday with Japan’s Nikkei 225 hitting record highs before retreating slightly.
The Euro ended its recent rally with a decline against the US Dollar after investor profit-taking.
Oil prices were stable during Monday’s Asian session, remaining just below last week’s levels.
This week will see a light news agenda of, with the key items coming as key economic data releases for the U.S. Dollar at the end of the week.
The Euro remained close to a 3-year peak versus the US Dollar after the latest data proved that growth in the Eurozone last year was at its strongest level in almost seven years.
The Pound Sterling inched higher after the Markit release for PMI Services was released earlier today; the survey for December showed sectoral growth
Oil prices headed higher on Thursday, hitting two-and-a-half year highs, buoyed by political strife in Iran after the country’s Revolutionary Guard deployed forces
The Sterling remained close to a 3-month peak vs. US Dollar despite the latest PMI data which showed that growth slowed somewhat in the construction sector in December
The dollar was unchanged against the euro as of 2:02 p.m. HK/SIN after the euro hit a four-month high of $1.2081 on Tuesday, nearing levels not seen since 2015 before pausing.
The Pound Sterling began this year’s first trading day by hitting a 3-month peak versus the US Dollar. FX traders seem to have dismissed the latest data disappointment
According to analysts, with the raise in the Bitcoin, the Japanese GDP will increase by 0.3%, as the Bitcoin is being traded disproportionately with the Yen
The dollar was down against most of its primary trading partners on Tuesday, starting the year lower after hitting a three-month low on Friday, the last trading day of 2017.
The Santa rally continued on Thursday with Asian markets closing higher and U.S. markets poised to open higher, despite thin seasonal trading.