Market News

Asian stocks struck a range of new peaks on Wednesday as risk appetites were whetted by a feast of upbeat manufacturing surveys that confirmed a synchronized upturn in the world economy was well under way.

Wall Street kicked off on a positive note as equity indices logged in strong gains during the first trading day of 2018. The U.S. dollar, on the other hand, wasn’t feeling so upbeat.

Market junkies seem to have gone on vacation earlier than usual in December last year as forex activity took a huge hit. Or did traders simply move to other markets?

Iran’s crude oil production and exports have not been impacted by the unrest spreading across the country, Iranian oil and shipping sources said on Tuesday, as a crackdown intensified against anti-government demonstrations that began last week.

The yen stood triumphant against its peers, likely because of the risk-off vibes during the morning London session. The comdolls rally from earlier, meanwhile, became a broad-based retreat instead.

The euro traded close to its highest level in three years against a broadly weaker dollar on Tuesday, the first trading day of 2018, on optimism over a brightening economic picture in the euro zone.

Borrowing costs across the euro area shot higher on Tuesday as a cut in monthly ECB asset purchases became a reality, with hawkish comments from a top official and strong data hurting sentiment towards bonds on the first trading day of the year.

Before you get all worked up by the U.S. NFP report due on Friday at 1:30 PM GMT, you should know that Canada will be printing its labour market numbers around the same time.

Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.

With some forex traders still ringing in the New Year, Asian session players had little to trade but China’s positive PMI report.

The dollar languished near a three-month low versus a basket of major currencies on Tuesday as markets reopened at the start of 2018, while Asian currencies such as the Chinese yuan began the year on a high note.

Since it was fun starting 2017 with crazy predictions, we decided to throw in even more wacky ideas for the year ahead. Check it out!

Not even three interest rate hikes from the Fed or the highly-anticipated tax reform package was enough to lift the Greenback’s spirits last year! Here’s how it fared against its rivals and why it failed to rally.

The euro crushed ALL its forex rivals in 2017, which is an impressive recovery after the euro’s poor performance in 2016. And here’s a condensed recap of what drove the euro higher during the course of the year.

The man in charge of carrying out the European Central Bank’s bond purchases sees “a reasonable chance” the 2.55 trillion euros stimulus program will not be extended again when it expires in September, he told a Chinese financial magazine.

Growth in China’s manufacturing sector slowed slightly in December as a punishing crackdown on air pollution and a cooling property market start to weigh on the world’s second-largest economy.

The pound had a good run this year after getting clobbered last year. And if you wanna know what pushed the pound higher this year and if they will continue to play a role in the pound’s price action next year, then you better read up.

And just like that, we are about to bid farewell to 2017! Before we say adieu to the year that was, let’s take a quick walk down memory lane to review the biggest themes that rocked the forex market then. 

Gold extended gains on Thursday to a one-month high on a strong technical outlook and a U.S. dollar at a four-week low, as palladium prices reversed earlier losses to touch a fresh 17-year high.

AUD’s price action was a bit choppy this year. Nonetheless, AUD had a good run because both iron ore and gold are closing the year on a high note as well. But what about the RBA? Where does it fit in AUD’s price action?