Oil Prices Retreat from Two-Year Highs

23 November 2017 | 10:34 am

Oil prices hit two-year highs on Wednesday but retreated on Thursday morning, despite the fact that U.S. crude inventories dropped 1.9 million barrels last week, to 457.14 million barrels.

Pound Gains Traction Ahead of Budget

22 November 2017 | 8:00 pm

The British Pound was gaining traction during trade on Wednesday as traders appear uncertain of the currency’s direction ahead of the looming budget statement from Philip Hammond, the country’s finance minister.

Global Stocks Higher on Positive Data

22 November 2017 | 10:27 am

Asian shares headed higher on Wednesday, after U.S. indexes closed higher on Tuesday, fueled by strong corporate profits and expectations of an oil production cut that is expected to buoy oil prices.

Euro Steadies Despite German Political Worries

21 November 2017 | 3:05 pm

The common currency Euro steadied finally after recording its largest decline in about a month yesterday.

Oil Prices Steady Despite U.S. Production Increase

21 November 2017 | 10:44 am

Oil prices were fairly stable on Tuesday despite predictions that U.S. output would climb more quickly than expected, causing perhaps as much as an 18 percent increase in active rigs in 2018.

Pound Gains Momentum on Brexit Talk Hopes

20 November 2017 | 3:06 pm

The Pound Sterling edged higher against the US Dollar after the weekend’s news on the Brexit negotiations helped lift Cable in Monday trade.

German Coalition Talks Pressure Euro, Global Stock Markets

20 November 2017 | 10:47 am

The euro was lower against most of its principle trading partners on Monday after German coalition talks stalled, weakening the position of German Chancellor Angela Merkel further.

Weekly Economic & Political Timeline

19 November 2017 | 12:44 pm

This week will see a heavier yet still relatively light news agenda, with the key items coming as Central Bank input for the U.S. and Australian Dollars and the British Pound, as well as the Euro to a lesser extent.

Dollar Traders Remain Wary of Tax Reform

17 November 2017 | 10:49 am

he US Dollar Index, viewed as a solid gauge of the relative weight of the greenback, had edged away from Wednesday’s 4-week low of 93.402 .DXY but continues to remain close at 93.556 .DXY.

Pound Struggles for Traction After Data

16 November 2017 | 2:20 pm

The Pound Sterling experienced only a small improvement after today’s release of unexpectedly upbeat retail sales figures.

Asian Shares, USD Higher as Wall Street Slips

16 November 2017 | 9:22 am

Wall Street remained under pressure on Wednesday as investors continued to worry about the U.S. tax reforms after two Republicans spoke out against their party’s latest Senate proposal

Aussie Dollar Pressured by Disappointing Data

15 November 2017 | 10:11 pm

The Aussie Dollar was among the currency world’s biggest movers, losing some 0.6% against the US Dollar and touching on a 4-month trough.

UK Inflation Data Pressures Pound

15 November 2017 | 10:54 am

The pound fell to near four-week lows on Tuesday following weaker-than-expected inflation data out of the United Kingdom which raised questions as to whether interest rates would be hiked in the near term.

Euro Higher after Prelim GDP Report

14 November 2017 | 2:23 pm

The EUR/USD hit a 2-week peak during trade in London as FX traders resumed their purchases of risky European assets on expectations that Eurozone growth is likely to remain strong, in spite of a low rate environment.

Oil Prices Head Lower on U.S. Output Fears

14 November 2017 | 11:02 am

Oil prices were lower on Tuesday afternoon as investors feared that continued increases in U.S. output would negate OPEC’s efforts to buoy oil prices.

AUD/USD Forecasts Muted

13 November 2017 | 11:25 pm

According to the most recent forecasts, the Aussie Dollar isn’t likely to get much of a boost in the future, with little to no movement predicted for the coming 12 months.

May’s Struggles Weigh on Pound

13 November 2017 | 10:46 am

The British pound hit an eight-day high on Friday to trade at $1.3229, but retreated early on Monday after 40 members of British Prime Minister Theresa May’s Conservative Party committed to signing a letter of no-confidence in her.

Weekly Economic & Political Timeline

12 November 2017 | 1:01 pm

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.

Dollar in Doldrums Over Tax Reform Worries

10 November 2017 | 11:53 am

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.

Yen Rises after Nikkei Volatility

9 November 2017 | 3:40 pm

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

Are Bitcoin’s Wide Price Swings at Risk?

9 November 2017 | 11:01 am

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.

Dollar Lower as Tax Reform Concerns Weigh

8 November 2017 | 2:41 pm

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 Struggle as Traders Eye OPEC Meeting

8 November 2017 | 10:33 am

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

Pound Pauses After Monday Rally

7 November 2017 | 3:00 pm

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

Stock Markets & Crude Oil Hit Record High Prices

7 November 2017 | 11:05 am

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.

Dollar’s Rally Takes a Breather

6 November 2017 | 3:05 pm

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.

Jobs Data Does Little to Slow Dollar Growth

6 November 2017 | 10:33 am

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.

Weekly Economic & Political Timeline

5 November 2017 | 1:19 pm

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.

Markets Anxious for Key US Labor Data

3 November 2017 | 10:10 am

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

Pound Rally Pauses Ahead of BoE Decision

2 November 2017 | 1:27 pm

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