Market News

Trading conditions were still relatively tight, but CAD was clearly on the move to the downside, likely because of NAFTA-related jitters. EUR, meanwhile, staged a broad-based recovery.

World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as escalating tensions between the Iraqi government and Kurdish forces threatened supply.

There are four top-tier events on the U.K. economic schedule for the week, so I suggest you read up on what’s expected and how these might affect your GBP positions.

Asian session forex traders started the week slow as the major currencies barely moved from their open prices despite a couple of potential catalysts.

Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced exploration activity supported prices there.

Asian shares advanced to new highs on Monday following Wall Street’s lead, while U.S. oil futures jumped to hover near a six-month peak as escalating tensions between the Iraqi government and Kurdish forces threatened supply.

Young conservative star Sebastian Kurz is on track to become Austria’s next leader, projections of Sunday’s parliamentary election result showed, but his party is well short of a majority and could seek an alliance with the far right.

Wages and inflation in the 19-country euro zone will eventually rise but more slowly than earlier thought, requiring continued patience from policymakers, European Central Bank President Mario Draghi said on Saturday.

GBP was the one currency to rule them all this week while USD found itself at the bottom of the forex heap. So what drove price action? And how did the other currencies fare? Time to find out!

The dollar slipped against a basket of currencies on Friday after data showed U.S. consumer prices rose less than expected in September, pointing to muted inflation that could worry Federal Reserve officials.

Nickel prices hit a one-month high on Friday on concerns China might order further output cuts in the sector as it ramps up efforts to clean its skies, while aluminum rose on news a Chinese city had ordered capacity reductions.

Lots of volatility, but not much in terms of directional movement. USD was an exception, though, since it clawed its way higher across the board after suffering losses earlier.

il prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Brent on track for a more than 3 percent weekly gain.

The euro is on track for its biggest weekly rise in a month as investors put political concerns on the back-burner and look ahead to a European Central Bank meeting at which it is expected to outline plans to unwind its huge stimulus program.

The Bank of England has said that the interest rate hike it is likely to make “in the coming months” depends on whether inflation pressures continue to build and the economy moves nearer to growing at full capacity.

Sterling rose on Friday to a 10-day high, boosted by a report in Germany’s Handelsblatt newspaper that the European Union could offer Britain a two-year transitional Brexit deal.

Gold rose for a sixth day on Friday, buoyed by a weaker dollar, with investors waiting for key U.S. inflation data for clues on the outlook for potential hikes in U.S. interest rates.

Major currencies barely moved from their open prices despite the release of China’s trade balance. What’s up with that?!

China’s import and export growth accelerated in September, suggesting the world’s second-biggest economy is still expanding at a healthy pace despite widespread forecasts of an eventual slowdown.

The dollar steadied in early Asian trading on Friday, on track for weekly losses as investors awaited U.S. inflation data to gauge the likelihood that the Federal Reserve will stick to its plan to raise interest rates again this year.