Market News

There will be a much lesser amount of high-impact news scheduled this week, compared to last week which was very heavy.

With one day left in the week, the US Dollar is poised to finish off lower as investors digest the likelihood that the Federal Reserve will follow through with fewer rate hikes than expected in 2017.

The latest news from the Bank of Japan suggests that it would not immediately follow the lead of the Federal Reserve Bank and instead will hold with the current ultra-loose monetary policy.

The Euro reached to its highest levels in 5 weeks during Asian trading session after the Polls results showing the winning of pro-EU party in the Dutch elections.

On Wednesday, the U.S. Federal Reserve confirmed an interest rate hike of 25 basis points, sending U.S. stock prices broadly higher and confirming traders’ expectations, without giving any tangible hints towards future monetary policy.

Wary FX traders kept the US Dollar subdued as they await the latest policy update from the Federal Reserve Bank.

Global stocks continued to slip on Wednesday morning as investors took profits before the Federal Reserve’s announcement later today which is expected to reveal a second interest rate hike in the past three months.

The Euro continues to come under pressure as a result of political uncertainty in upcoming elections in France and the Netherlands.

U.S. stocks traded relatively flat on Monday and Asian stocks seemed to echo the sentiment on Tuesday.

After three days of consecutive losses for the US Dollar, the greenback has finally regained positive momentum versus the Euro as well as for the US Dollar Index.

Oil prices hit their lowest in three months during Monday’s Asian session despite OPECs’s commitment to cut production.

There will be a much heavier amount of high-impact news scheduled this week, compared to last week which was relatively light.

With all eyes focused on today’s release of US labor data, the US Dollar firmed against the Japanese Yen and touched on a 6-week peak.

The USD/JPY struck a 3-week peak and the greenback is poised to record a 4th consecutive day of gains after ADP data released yesterday beat all expectations.

The dollar held steady during Thursday’s Asian session after strong U.S. jobs data all but confirmed the likelihood of a Fed interest rate hike next week.