Market News

The Pound Sterling slipped versus the US Dollar on growing concerns that the United Kingdom could leave the European Union.

Asian equity markets edged cautiously higher on Monday as investors awaited data from February industry surveys to get a feel for what is happening in the global economy.

The coming week ahead is likely to be relatively quiet, as there are no central bank actions or inputs scheduled for this week. Get the economic and political calendar for the popular currencies for the week of February 22, 2016 here.

David Cameron has set Thursday June 23 as the date for the historic referendum on whether Britain should leave the EU, after urging his deeply divided cabinet to support the package of reforms he secured in Brussels.

Asian shares slipped from near three-week highs on Friday as a rally in oil prices reversed and investors remained wary about the outlook for the global economy.

The Aussie Dollar was the major lose in the FX markets today after the latest global economic data indicated that growth was still a problem for the second largest economy in the world.

Today could turn out to be a big day in the U.S. economy.

The minutes of the last FOMC meeting detailed policy makers’ concerns about the risks to the U.S. economy, weighing in on the balance of risks of the recent tightening of global financial conditions which, according to them, could be a factor amplifying downside risks.

Investors appear to have had another case of the jitters which earlier helped push the Yen higher versus the US Dollar.

The Canadian loonie slumped against the U.S. Dollar Tuesday as oil prices fell following the announcement of an oil deal between Russia and some members of the Organization of the Petroleum Exporting Countries (OPEC).

Four major oil producing countries--Qatar, Saudi Arabia, Russia and Venezuela-- agreed Tuesday to lead an effort to freeze oil output at January levels but held back from announcing a cut in production of the crude.

The Japanese Yen and the common currency Euro both made headway against the US Dollar after demand for higher risk assets dissipated.

The rally continued Tuesday in major Asian markets but analysts are still uncertain that this is the end of the volatility that has rocked stock markets since the beginning of 2016.

China's currency hit its strongest level this year after the PBOC guided it sharply up Monday against a wave of uncertain global financial markets.

The coming week ahead is likely to be livelier than last week, as there is more key economic data due. Get the economic and political calendar for the popular currencies for the week of February 15, 2016 here.