Market News

Major currencies may have traded in tight ranges, but that didn’t stop equities and commodities traders from having a lively trading session!

Japan’s economy was expected have grown for a seventh straight quarter in July-September, a period of unbroken expansion last seen between 1999 and 2001, a Reuters poll found on Friday.

Bitcoin surged to yet another set of record highs while its peers litecoin and ethereum also broke higher. Is it time for pullbacks, though?

Oil markets were stable on Friday, supported by ongoing supply cuts led by OPEC and Russia as well as by strong demand.

Dollar bulls retreated as it dawned upon them that all the political back and forth won’t likely have tax cuts ready before the end of this year.

A tax plan by U.S. Senate Republicans released on Thursday diverges in several ways from legislation being pushed by Republicans in the House of Representatives.

The U.S. dollar slipped to a six-day low against a basket of currencies on Thursday as investors fretted over a Republican tax plan that would delay corporate tax cuts.

Rival Republican tax-cut plans were emerging in the U.S. Congress on Thursday that differed on issues such as cutting the corporate income tax, the deduction for state and local taxes and the tax on inheritances paid by the richest Americans.

A weaker dollar pushed gold prices to a three-week high on Thursday, the second such climb in successive days, while palladium rose to a 16-year peak as speculators resumed buying.

Canadian new home prices rose in September, lifted by gains in Vancouver, while prices in Toronto were unchanged for the fourth month in a row following provincial government measures to rein in the market, Statistics Canada data showed on Thursday.

EUR charged higher across the board, but CHF gave EUR a run for its money. Meanwhile, GBP came crashing down, even though there were no apparent catalysts.

Another impressive record for world stocks was hanging in the balance on Thursday, as a late blow-out in Japan and falls in Europe and U.S. futures threatened to spoil the longest winning streak for MSCI’s global index since 2003.

In case you missed it, here are the key takeaways from the November RBNZ statement and acting RBNZ Governor Grant Spencer’s presser that you need to know about.

Japanese shares ended down on Thursday after dramatic intraday swings took the Nikkei and Topix indexes to multi-decade highs only to plunge in the afternoon on futures-driven trading ahead of the following day’s options settlement.

With no major economic report on the docket, Asian session forex traders focused on the overall risk-friendly vibe from the previous trading session.

The dollar slipped versus the yen on Thursday as a sudden fall in Japanese equities from multi-decade peaks dampened risk sentiment.

U.S. President Donald Trump called on China to do more to resolve the North Korean nuclear issue and said bilateral trade had been unfair to the United States, while Chinese President Xi Jinping said his country would be more open to foreign firms.

Trading volumes smashed records in September, so it’s understandable that market players took it easy in October. What’s next?

A U.S. Senate tax-cut bill, differing from one in the House of Representatives, was expected to be unveiled on Thursday, complicating a Republican tax overhaul push.

Asia stocks hovered near a decade high on Thursday following another record breaking day on Wall Street, while the New Zealand dollar rallied.