Market News

GBP suffered for another day, thanks to the U.K.’s disappointing construction PMI. Meanwhile, EUR was able to stage a broad-based recovery while USD gave back its gains.

The euro bounced from a six-week low on Tuesday as markets consolidated positions after a selloff, though investors grew cautious about the single currency’s outlook in the coming months on rising political uncertainty in Europe.

Germany led a rise in bond yields across the euro zone on Tuesday as strong U.S. data reinforced expectations of another interest rate rise this year by the Federal Reserve. A pro-independence protest in Catalonia kept tensions between the wealthy Spanish region and the central government in Madrid in the spotlight, although Spain’s bond market …

Oil edged lower on Tuesday, as speculators took profits on some large positions that have built up in the last couple of weeks, but the prospect of gradually ebbing oversupply lent support.

The start of a brand new month means another chance to trade the NFP release! Here’s what you need to know about the event.

The benefits of raising Japan’s sales tax again outweigh the negatives, even if Prime Minister Shinzo Abe diverts some of the additional revenue to education and welfare, an official at ratings agency Moody’s said on Tuesday.

The dollar continued its bullish run during the Asian session while reports from Australia and New Zealand weighed on the Aussie and Kiwi.

Hong Kong stocks rose on Tuesday, led by Chinese banks and insurers after China’s central bank cut reserve ratios and by materials shares after Beijing reported stronger-than-expected September factory activity.

The latest COT report revealed that USD’s losses were broad-based. Another major revelation is that net positioning on GBP became net bullish again for the first time since October 2015.

Gold edged down to mark a near 7-week low early on Tuesday, as the dollar remained buoyed by upbeat economic data and strong U.S. treasury yields.

Dollar bulls charged on Monday’s New York trading session thanks to a huge jump in the ISM manufacturing PMI to its 13-month high.

U.S. factory activity surged to a more than 13-year high in September amid strong gains in new orders and raw material prices, pointing to underlying strength in the economy even as Hurricanes Harvey and Irma are expected to dent growth in the third quarter.

GBP got a double kick from Brexit-related worries and a disappointing PMI report. EUR, meanwhile, extended its losses from the earlier session.

Oil fell more than $1 a barrel to below $56 on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that saw prices score their biggest third-quarter gain in 13 years.

he dollar soared on Monday as U.S. Treasury yields hit their highest level since mid-July, while Spanish borrowing costs rose and stocks fell as a violent police crackdown on an independence vote in Catalonia rattled investors.

G’day, forex mates! The Aussie is in most market watchers’ crosshairs this week since it has several catalysts lined up, one of which is the RBA decision.

Gold slipped to its lowest in nearly seven weeks early on Monday as the U.S. dollar rose and equities gained, while growing expectations for a Federal Reserve interest rate hike in December also added to pressure.

The euro was the biggest loser as investors worried about Catalan’s elections. Meanwhile, the dollar started 2017’s last trading quarter on a strong note.

The euro took a knock in Asia on Monday as investors kept an anxious eye on an independence vote in Spain’s Catalonia, while surprisingly strong economic news out of China and Japan offered support to equities and commodities.

Big manufacturers have more confidence in Japan’s business conditions than they have had for a decade as global demand adds momentum to economic recovery, a closely watched central bank survey showed on Monday.