Market News

Britain’s government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin, British junior finance minister John Glen said on Monday.

The euro jumped and bond yields in the currency bloc rose on Monday after a source-based story from Reuters that ECB policymakers are shifting their debate from quantitative easing to the expected path of interest rates.

Risk aversion persisted, but the yen was forced to surrender its gains from earlier, likely because of the rise in global bond yields. The pound, meanwhile, surged higher ahead of and during Davis and Barnier’s press conference on Brexit. 

European shares fell on Monday as investors remained cautious ahead of an expected Fed rate hike, while earnings and M&A took center stage with software company Micro Focus sinking and a bid for Hammerson boosting commercial real estate stocks.

It’s FOMC week! Will the Fed raise its rates for the first time this year as forex market players are expecting?

Start your trading prep with a quick review of last week’s forex action from my buddy Pip Diddy, an overview of catalysts lined up for the major currencies, and the charts to watch this week.

The Loonie got a one-way ticket to the bottom of the charts last week. Will this week’s reports do the comdoll any good?

It could be another mixed week for the euro and the franc since the lack of top-tier catalysts for both currencies could leave ’em sensitive to their counterparts’ movements.

There weren’t a lot of reports printed during the Asian session, so forex traders started unwinding and/or placing their bets ahead of this week’s biggest event: the FOMC statement.

Asian share markets traded mixed on Monday as caution gripped investors in a week in which the Federal Reserve is likely to hike U.S. interest rates and perhaps signal that as many as three more lie in store for the rest of the year.

China elevated a key confidante of President Xi Jinping to one of the top positions in government on Monday as Beijing cracks down on riskier financing and a debt to reduce systemic risks to the world’s second-largest economy.

Japan isn’t scheduled to publish top-tier reports this week, so the yen will most likely take cues from other catalysts instead.

Looks like the Aussie took heavy hits from shakeups in Trump’s administration last week! Will this week’s set of reports push it higher?

The New Zealand dollar got a one-two punch from weak data and risk aversion last week. What could move the comdoll this week?

U.S. homebuilding fell more than expected in February as a plunge in the construction of multi-family housing units offset a second straight monthly increase in single-family projects.

The morning London session basically just extended the themes from earlier, namely strong demand for the yen and all the comdolls getting squeezed.

Asian stocks slid on Friday as reports of more chaos in the Trump administration tested investors’ nerves, already frayed by fears that U.S. tariffs could hurt the global economy and trigger a trade war.

Not even the lack of top-tier U.K. data was enough to stop pound bulls from charging last week. Will major events this week change all this?

A lack of top-tier reports didn’t stop forex traders from trading today, as they priced in the possibility of The Donald firing another advisor and North Korea maybe conducting nuclear tests.

Uncle Sam’s reports came in mostly stronger than expected, supporting rate hike hopes for next week’s Fed decision. In contrast, not-so-upbeat numbers from Canada and persistent NAFTA concerns dragged the Loonie to record lows.