Market News

The Pound Sterling is coming under heavy sell pressure and earlier fell against the US Dollar to a level not seen in more than six years.

Crude oil inventories are scheduled to be announced this morning but oil prices slid again overnight, continuing their fall from the previous session after top exporter Saudi Arabia eliminated any hopes of cutting production.

For the third consecutive month, it was reported by the CESifo Group that Germany’s business morale took another hit.

Asian stocks tumbled overnight, putting a break on the previous global rally. The yen climbed, while the pound declined and crude slumped.

China will host the G20 summit for 2016 culminating with the G20 Leaders' Summit in the eastern city of Hangzhou on 4-5 September 2016.

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).