Market News

Bitcoin price hit new all-time highs yet again and it seems to be pulling back to give more bulls a chance to join in. Think it’ll bust through the latest highs in no time?

Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising.

Japanese Prime Minister Shinzo Abe’s ruling bloc was headed for a big win in Sunday’s election, bolstering his chance of becoming the nation’s longest-serving premier and re-energising his push to revise the pacifist constitution.

Japanese Prime Minister Shinzo Abe’s ruling coalition was on track for a big win in Sunday’s election, media exit polls showed, potentially reenergising a push towards his cherished goal of revising the post-war, pacifist constitution.

The Spanish government will dismiss Catalonia’s secessionist leadership and force the region into a new election, it decided on Saturday, unprecedented steps it said were needed to prevent the region breaking away.

Kiwi bashing and Greenback strength were the main themes this week. But what drove price action? And how about the other currencies? How did they fare? Well, its time to find out in today’s weekly recap!

President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank’s top two jobs, in an apparent bid to reassure markets and appease conservatives hungry for change.

The dollar made its biggest daily gain in a month on Friday and posted a weekly increase for the fifth time in six weeks as progress on U.S. tax reforms raised prospects of a fiscal lift to the economy, bolstering investor appetite for risk.

U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but a persistent dearth of properties for sale continued to weigh on overall activity.

Canadian retail sales unexpectedly fell in August, pointing to a slowdown in growth after a hot first half of the year and bolstering expectations the Bank of Canada will refrain from hiking interest rates again next week.

Choppy price action today, but GBP was clearly in demand since it closed higher against its peers. CHF, meanwhile, was under pressure, likely because of the risk-on vibes.

U.S. President Donald Trump on Friday signaled optimism for the passage of Republicans’ sweeping tax cut plan, saying a key senator who rejected the party’s budget blueprint a day earlier would back the proposed tax measure when it comes up for a vote.

Progress in U.S. tax reform plans lifted emerging stocks on Friday, but a stronger dollar and higher U.S. Treasury yields scuppered currencies, which looked set for daily and weekly losses.

Oil prices rose on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China economic optimism still weighed somewhat on markets.

Not a lot of top-tier reports printed today, but that didn’t stop Asian session traders from making pips rain for the dollar bulls and Kiwi bears.

Gold prices turned lower on Friday as the dollar regained ground after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.

The dollar rose broadly on Friday, bolstered by increased optimism about the prospects for U.S. tax reforms, while the New Zealand dollar hit five-month lows.

Asian shares inched slightly higher on Friday, but grappled for firmer leads as speculation about who the next U.S. central bank chief will be kept global investors wary.

Dollar traders are sitting at the edge of their seats, waiting for Trump’s announcement on his Fed head pick, while the pound and Kiwi continued to tumble on earlier catalysts.

The Canadian dollar slipped against the U.S. dollar on Thursday, retreating from a near one-week high earlier in the day, as oil prices fell and the rally in global stocks paused.