Market News

The dollar bounced on Wednesday, snapping a three-week losing streak as investors consolidated positions before manufacturing data and minutes of a December U.S. Federal Reserve meeting due later in the day.

AUD & NZD got a boost from the risk-on vibes during the session. Interestingly enough, however, JPY was also in demand and even managed to edge out the Kiwi near the end.

Euro area borrowing costs edged lower on Wednesday, stabilizing as a sweeping reform of EU financial market rules took effect a day after hawkish comments by ECB rate-setters drove a bond market sell-off.

Oil prices on Wednesday dipped away from the mid-2015 highs reached the previous session as high output in the United States and also Russia undermined ongoing efforts led by OPEC to tighten the market.

No economic release? No problem! Higher-yielding currencies took a breather from their gains today, as the dollar took back some of its losses from the previous session.

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.