Market News

This week will see a heavier news agenda, with the key items coming as U.S. economic data releases. There is no Central Bank input scheduled, although the heads of several major Central Banks will be making public comments.

The US Dollar continues to be under pressure in Asian trading and is poised to record a loss for the week on investor disappointment over the latest tax reform proposals.

The US Dollar edged lower against the Japanese Yen after an unexpected decline in Japan’s stock market dampened risk sentiment.

It’s no secret that the price of bitcoin has fluctuated wildly in recent weeks, but this volatility may end if the world’s largest futures exchange, CME, implements price fluctuation limits on its planned bitcoin futures product.

The US Dollar was broadly lower as investors begin to question US President Trump’s ability to push through a major revamp of the US tax code.

Oil prices were broadly lower during Wednesday’s Asian session on reports that Chinese crude imports fell to their lowest levels in a year.

Earlier, the Pound Sterling had been relatively steady versus the US Dollar but is now currently under some pressure.

The S&P 500 Index of the 500 highest-cap U.S. publicly quoted companies hit a new all-time high yesterday, and is still rising this morning in off-session trading.

The US Dollar was relatively unchanged in London trading on Monday following last Friday’s profit-taking on a week now recorded as the Dollar’s best performance of 2017.

Despite less than stellar jobs data on Friday, the U.S. dollar traded near three-month highs early in Monday’s Asian session, buoyed by solid data about service sector activity.

This week will see a lighter news agenda, with the key Central Bank input coming from Australia and New Zealand. There are very few important releases scheduled beyond this area.

The US Dollar steadied as markets turn their attention to US labor data due out later today.

The Pound Sterling consolidated gains ahead of today’s Bank of England decision and is currently trending lower against the US Dollar.

The dollar was modestly lower in early Asian trade after the Federal Open Market Committee, the Federal Reserve’s policymaking arm, kept interest rates stable between 1 percent and 1.25 percent.

The New Zealand Dollar saw a strong surge after an upbeat jobs report showed that unemployment unexpectedly dropped while the participation rate edged higher.