Market News

The dollar continued its downward spiral on Monday mostly due to strengthening of currencies in Asia and the Eurozone.

This week will see a heavier news agenda than last week, with the key items coming from the Canadian central bank, plus key economic data releases from China, Australia, and the U.K.

The US Dollar was broadly lower during Friday trade after disappointing US producer price inflation data.

The Pound Sterling continues to come under pressure after the latest data raised investors’ concerns that the Pound’s most recent gains might be overdone.

Bitcoin prices continued to slide on Thursday, after South Korea’s justice minister, Park Sang-ki, announced that the country’s government is moving forward with legislation that would prohibit bitcoin trading on more than a dozen domestic exchanges.

The US Dollar continued its slide versus the Japanese Yen after a sentiment shift in the wake of yesterday’s move by the Bank of Japan.

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