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Dollar Steadies on Data Despite Political Tension - 19 February 2018

Mon, 19 Feb 2018 12:38:57 GMT

The U.S. dollar remained steady on Monday morning in London, supported by Friday’s reports that U.S. homebuilding surpassed a one-year high in January and that building permits hit levels not seen since 2007.

Oil Follows Asian Stocks Higher - 19 February 2018

Mon, 19 Feb 2018 08:15:38 GMT

Oil prices hovered near two-week highs on Monday, buoyed by advances in Asian equity markets, though bears still expect pressure from the low dollar and increased U.S. production to weigh on prices in the coming days.

Stock Market Advances Continue to Surprise

Sun, 18 Feb 2018 09:27:27 GMT

The S&P 500 closed last week with the strongest gains in five years, even as markets wavered after Special Counsel Robert Mueller issued an indictment for 13 Russian nationals and three Russian companies that are believed to have participated in a scheme to interfere with the results of last year’s U.S. presidential election on behalf of Donald Trump.

Weekly Economic & Political Timeline

Sun, 18 Feb 2018 08:46:52 GMT

This week will see a very light news agenda, with little major central bank input, and a few data items of importance concerning primarily the U.K.

Dollar Headed for Another Weekly Loss

Fri, 16 Feb 2018 08:06:59 GMT

The US Dollar Index held near to a 3-year trough during Asian trading on Friday and is set to record the largest 1-week loss since May.

Pound Higher Ahead of Data

Thu, 15 Feb 2018 12:59:50 GMT

The Pound Sterling edged higher against the US Dollar and cemented recent gains as FX traders await next week’s earnings data to provide some fresh momentum.

Oil Prices Rise on Saudi Comments

Thu, 15 Feb 2018 12:54:51 GMT

Saudi Arabian Energy Minister Khalid al-Falih said on Wednesday that OPEC countries will be better served to keep the oil market tight than to abandon its production cuts.

U.S. Dollar Extends Losses as Stocks Gain

Thu, 15 Feb 2018 07:37:03 GMT

Asian stocks headed higher on Thursday, after Wall Street’s surge on Wednesday despite inflation data that indicated more interest rate hikes are looming.

Pound Struggles Ahead of Johnson Speech

Wed, 14 Feb 2018 10:51:42 GMT

The Pound Sterling struck a 5-week trough versus the common currency Euro as investors wait to hear what the British Foreign Secretary will have to say about the Brexit Process.

Dollar Slides as Yen Hits 15-Month Highs

Wed, 14 Feb 2018 07:40:35 GMT

Investor concerns reared their heads once again on Wednesday in advance of U.S. inflation reports that will either contain the panic or fan the flames later today.

Oil Prices Scale Back on Supply Forecasts

Tue, 13 Feb 2018 12:56:00 GMT

Oil prices retreated slightly on Tuesday, erasing gains made yesterday after fresh forecasts predicted that supply could surpass demand in 2018 despite OPEC’s best efforts to keep supply contained.

Euro Strengthens After Dollar Sell Off

Tue, 13 Feb 2018 11:50:06 GMT

The Euro made some gains in Tuesday trading after improvement in the world’s equity markets compelled FX traders to move back to riskier investments.

Global Stocks Continue Rebound

Tue, 13 Feb 2018 06:50:23 GMT

Asian stocks were notably higher on Tuesday, taking cues from Wall Street which had another day of solid gains on Monday.

Increased Risk Appetite Helps Euro

Mon, 12 Feb 2018 11:48:38 GMT

The common currency Euro moved higher against the US Dollar after some recovery in risk averse sentiment had FX traders reversing Dollar bets.

Stock Markets Seek Stability after Selloff

Mon, 12 Feb 2018 07:38:47 GMT

Asian stock indexes were broadly higher on Monday as markets sought stability after last week’s unexpected volatility.

Weekly Economic & Political Timeline

Sun, 11 Feb 2018 09:11:28 GMT

This week will see a very light news agenda, with no major central bank input, and a few data items of importance concerning primarily the U.S.A.

Dollar Climbs Despite Equities Rout

Thu, 08 Feb 2018 13:12:19 GMT

The US Dollar Index struck a 2-week peak as FX traders seek out the Dollar’s relative safety while European equities are in distress.

Pound’s Outlook Dims According to Pollsters

Thu, 08 Feb 2018 07:47:32 GMT

According to the latest polls, the ongoing rally for the Pound Sterling is likely drawing to a close as mounting worries over the Brexit negotiations weigh more heavily.

Stock Markets Stop the Bleeding

Wed, 07 Feb 2018 12:40:09 GMT

Following Monday’s record-breaking fall by the U.S. stock market, which triggered a broader global sell-off, yesterday saw the market recover considerably

Cautious Investors Seek Safe Haven Yen

Wed, 07 Feb 2018 10:43:00 GMT

The US Dollar continued to slide against the Japanese Yen, seen by investors as among the safest currencies to buy in times of economic turmoil.

Dollar Sought as Safe Haven After Equities Tumble

Tue, 06 Feb 2018 11:50:49 GMT

The US Dollar was broadly higher on Tuesday after the fall in global equities had investors looking to lower their risk exposure and seek out the greenback’s relative safety.

Global Stock Selloff Continues

Tue, 06 Feb 2018 10:45:18 GMT

U.S. stocks were under fire on Monday with the Dow Jones Industrial Average falling nearly 1,600 points at one point and all three major stock indexes erasing all of 2018’s gains thus far.

Dollar Momentum Eases

Mon, 05 Feb 2018 12:37:27 GMT

The US Dollar couldn’t maintain the momentum after last Friday’s upbeat labor report provided the greenback with a solid lift.

Markets Struggle with Choppy Start to Week

Mon, 05 Feb 2018 07:07:34 GMT

Asian shares were broadly lower on Monday as inflation fears fueled projections that global central banks may tighten monetary policy more aggressively in the near term.

Weekly Economic & Political Timeline

Sun, 04 Feb 2018 10:09:32 GMT

This week will see a reasonably full news agenda, with the key items of central bank input all concerning the U.K., Australia, and New Zealand.

Dollar Lower Despite Rising Treasuries

Fri, 02 Feb 2018 06:58:34 GMT

The US Dollar was broadly lower in Asian trading on Friday and is poised to close out the week with a decline, especially against the common currency Euro as investors focus on the Eurozone’s renewed economic strength.

Waning Political Fears Boost Sterling

Thu, 01 Feb 2018 12:07:53 GMT

The Pound Sterling gained strength during trading on Thursday after a tough week of losses.

Dollar Steadies on Fed Comments

Thu, 01 Feb 2018 07:45:31 GMT

The dollar held steady against its primary trading partners on Thursday after the Federal Reserve held rates steady but noted that inflation is likely to continue rising

Pound Lower on Brexit News

Wed, 31 Jan 2018 11:59:32 GMT

The Pound Sterling edged lower versus both the US Dollar and the common currency Euro on the latest Brexit-related news.

Bitcoin Poised for Largest Monthly Decline Since 2013

Wed, 31 Jan 2018 11:58:28 GMT

Though global stock markets reversed their two-day downtrend on Wednesday, aiming to end January with the second-best yearly start in history, bitcoin was unable to ride the wave of optimism