Market News

There will be a greater amount of high-impact news scheduled this week, compared to last week.

The Euro steadied against the US Dollar and held below the recently struck 3-week peak as the first round of the French presidential voting nears.

The Pound Sterling was lifted versus the US Dollar after the latest polls showed the Conservative Party pulling out a lead.

Reports by the U.S. Energy Information Administration of a reduction in U.S. crude stocks sent oil prices slightly higher on Thursday morning, helping the commodity recover steep losses suffered on Wednesday.

The common currency Euro struck a 3-week peak earlier today against the greenback, though now it is struggling for traction.

Japanese stocks headed south on Wednesday morning, led by banking shares as Japanese government bond yields fell 0 percent, a rate not hit since November, and continuing geopolitical tensions kept traders on edge.

The Pound Sterling was higher across-the-board on Tuesday, and hit an 8-week peak versus the common currency Euro.

In a surprise move a few minutes ago, the Prime Minister of the United Kingdom, Theresa May, announced her intention to hold an early General Election on 8th June this year.

The dollar erased recent gains on Tuesday morning and Asian stocks pulled back on fears that U.S. tensions with North Korea will continue to mount, following a failed missile send on Sunday.

In very light trading given the Easter Monday holiday in nearly all of Europe, the US Dollar continues to be softer than normal versus its major trading rivals.

The Japanese Yen struck a 5-month peak versus the US Dollar as rising geopolitical tensions helped to keep safe havens in demand.

There will be a similarly low amount of high-impact news scheduled this week, compared to last week. There is central bank input expected from the Reserve Bank of Australia, as well as a smattering of other data.

Though currently recouping earlier losses, the US Dollar is still poised to end the week on a down note.

The Pound Sterling inched to a 6-week peak against the common currency Euro as unexpectedly upbeat data helped to quell investors’ concerns over the likely impact on the UK economy of Britain’s departure from the European Union.

The dollar index fell steeply on Thursday morning after U.S. President Donald Trump said that he prefers the Federal Reserve keeps interest rates low because the dollar is too strong.