Market News

A lack of market-moving catalysts inspired Asian session traders to continue selling the Greenback. Meanwhile, further losses in iron ore prices weighed on the Australian dollar.

Officials opened a key round of negotiations to modernize NAFTA on Tuesday amidst optimistic signs, as U.S. President Donald Trump said the talks were going “pretty well.”

Oil prices fell on Wednesday, weighed down by data that showed an increase in U.S. crude oil and gasoline inventories.

So far, this year ain’t looking good for the dollar! The U.S. currency resumed its slump against its counterparts as risk appetite surged and medium-tier data fell short.

Oil rose more than 1 percent on Tuesday, with benchmark Brent crude hitting $70 a barrel for the first time in a week, boosted by healthy world economic growth prospects and expectations for continued production curbs by OPEC, Russia and their allies.

Spot iron ore prices in Asia appear to be poised on the precipice of a steep decline as a myriad of factors suggest an imminent correction.

The Canadian dollar weakened against its U.S. counterpart on Tuesday but held within a narrow range as investors assessed prospects for global trade and talks to renegotiate the NAFTA trade deal.

The yen extended its gains from earlier and easily steamrolled all its peers, even though risk-taking was the dominant sentiment in Europe. The pound, meanwhile, was feeling a bit under the weather, even though there weren’t really any apparent catalysts.

World stocks hit another all-time high on Tuesday, as relief at a temporary U.S. government funding deal boosted already sky-high confidence about global growth and corporate earnings.

Is the ECB planning to change its policy language and direction this year? Here’s what you need to know if you’re planning on trading the ECB’s event this week.

The yen was king of pips during the Asian session after the BOJ’s policy decision did little dispel exit rumours for the central bank.

South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, regulators said on Tuesday in a widely telegraphed move designed to stop virtual coins from being used for money laundering and other crimes.

Japan’s central bank kept monetary settings unchanged on Tuesday and offered a more upbeat view on inflation expectations than three months ago, signaling its conviction a strengthening recovery will gradually push price growth to its 2 percent target.

U.S. senators struck a deal on Monday to lift a three-day government shutdown and try to end a fight between Democrats and President Donald Trump’s Republicans over immigration and border security.

And just like that, the shutdown is over! Congress approved another short-term funding bill to reopen the U.S. government, leading to a surge in bond yields and equity indices.

The NAFTA trade agreement’s future hangs in the balance this week as negotiators from the United States, Canada and Mexico try to settle major differences over revamping a pact that President Donald Trump has threatened to abandon.

Swiss National Bank Chairman Thomas Jordan said the Swiss franc remains highly valued even as UBS Chairman Axel Weber contended the currency is only slightly above what is warranted.

There wasn’t much on the docket during the session, so price action was a bit choppy on most pairs. AUD and NZD both showed directional movement, though, since both were bid higher, likely because of the risk-on vibes.

Crude futures edged higher on Monday, propped up by comments from Saudi Arabia that cooperation between oil producers who have cut production to boost prices would continue beyond 2018.

World stocks and U.S. bond markets on Monday shrugged off a government shutdown in Washington, although the dollar pulled back as the euro continued its strong start to the year.+