Market News

Sterling already had a wild ride in the previous trading session but its price action got even more exciting as the New York session rolled along.

U.S. producer prices rose in September as the price of gasoline recorded its biggest gain in more than two years amid hurricane-related production disruptions at oil refineries in Texas.

Brexit talks are deadlocked over money, the EU’s Michel Barnier said on Thursday as he ruled out discussions on future trade being launched by EU leaders next week but spoke of possible progress by December.

Not much on the docket today, but there was plenty of action since GBP got whupped hard across the board as USD staged a broad-based recovery.

Oil prices slipped on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production.

Copper hit its highest in more than a month on Thursday as a retreat in the dollar pushed most metals prices higher, and on optimism over the demand outlook from major consumer China.

Heads up, forex friends! The U.S. will be releasing its CPI and retail sales reports this Friday, so buckle up because there’s a good chance that USD will be a getting a volatility infusion.

Japan’s Nikkei share average scaled its loftiest peak in more than two decades on Thursday, hoisted by records on Wall Street and underpinned by media forecasts that the ruling party bloc was headed for a win in elections later this month.

Risk-taking was the name of the game during the Asian session, as forex traders took cues from the previous session’s optimism.

China stocks were calm on Thursday, with strength in defense shares offsetting a retreat in resources plays as investors await next week’s Communist Party congress and digest a batch of third-quarter earnings reports.

Bitcoin and its cryptocurrency buddies have been on a tear these days, so I thought I’d have a rundown of potential tech plays on BTC/USD, ETH/USD, and LTC/USD.

Asian stocks were near a decade high on Thursday, riding the bull run in global equity markets, while the dollar sagged after the Federal Reserve showed a guarded view towards inflation.

So much for that hawkish FOMC statement! The minutes of the September meeting revealed that there were still plenty of doubts among policymakers, convincing dollar bulls to retreat. 

Spanish Prime Minister Mariano Rajoy on Wednesday gave the Catalan government eight days to drop an independence bid, failing which he would suspend the Catalonia’s political autonomy and rule the region directly.

Gold extended gains after September minutes from the U.S. Federal Reserve showed policymakers debated the prospects of a pickup in inflation and the path of future interest rate rises if it did not.

The pound returned some of its previous day gains when U.K. Finance Minister Hammond emphasized the uncertainties Brexit could bring to the economy.

British finance minister Philip Hammond rejected calls on Wednesday to start spending on plans for a “no deal” Brexit as a way to put pressure on the rest of the European Union.

Asian shares jumped to the highest in a decade on Wednesday as Wall Street scaled all-time highs, while the dollar loitered around two-week lows on worries President Donald Trump’s tax plan could stall.

The dollar wobbled against its peers on Wednesday, edging further away from a 10-week high scaled recently amid speculation that President Donald Trump’s tax overhaul plan would stall, with a buoyant euro adding further pressure.

The euro gained a bit more confidence to edge higher after Catalan leader Puigdemont called for dialogue instead of independence while the dollar stalled on roadblocks to U.S. tax reform.