Market News

Risk aversion was the name of the game during the Asian session, as traders priced in recent bomb threats from North Korea.

Listen up, forex fellas, we’ve got a little over three months left before the new EU regulations on forex hedging take place. Will this mean higher trading fees for retail traders like us?

The dollar edged down on the yen in early Friday trade against a backdrop of simmering tensions on the Korean peninsula, though the sharp divergence between U.S. and Japanese monetary policy contained the greenback’s losses.

European currencies sprang back to action as speeches by ECB head Draghi and U.K. Prime Minister May were on traders’ radars while the Aussie was left eating dust.

The U.S. Treasury yield curve flattened to a two-and-a half month low and key world stock markets fell on Thursday, as investors assessed indications from the U.S. Federal Reserve that it may raise interest rates a third time this year.

The Canadian dollar weakened on Thursday against its U.S. counterpart as oil prices fell, but pared some losses after domestic data showed much stronger-than-expected growth in wholesale trade.

Signals the Fed will hike U.S. interest rates again this year and begin the ‘Great Unwinding’ of a decade of aggressive stimulus, drove the dollar to a two-month high versus the yen on Thursday and sent bonds and commodities lower.

Yet another choppy European session as the Greenback took a break. Commodities were in retreat, however, and that apparently weighed on the comdolls.

British retail sales unexpectedly surged in August, official figures showed on Wednesday, boosting the chance that the Bank of England will raise interest rates in November.

The Fed and the BOJ recently announced their respective monetary policy decisions. And if you missed them and need a quick rundown, then today’s write-up is just for you!

New Zealand and Japan may have printed top-tier reports today, but Asian session traders were focused on Fed’s rate hike prospects and the upcoming elections.

The U.S. dollar shone while Asian shares slipped on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signaled one more rate hike later this year.

Oil markets dipped on Thursday, weighed down by rising crude inventories and production in the United States as well as a stronger dollar, which potentially hampers fuel consumption in countries that use other currencies at home.

Gold dropped to its lowest level in over three weeks on Thursday as a stronger dollar and increasing prospects of a December rate hike by the Federal Reserve curbed appetite for the metal.

The dollar rose to a two-month high against the yen and extended its gains against the euro on Thursday after a hawkish-sounding Federal Reserve heightened expectations for an interest rate hike in December.

Fed head Yellen and her fellow FOMC policymakers seemed optimistic that the U.S. can weather the economic headwinds from the hurricanes, setting the date for the runoff and reviving rate hike expectations for December.

Caught between a lull in U.S. inflation and a stronger global economy, the Federal Reserve is expected on Wednesday to signal whether it will raise interest rates for a third time this year or back off until prices rise more briskly.

The dollar edged towards 2-1/2-year lows hit earlier this month on Wednesday, as investors waited to see whether U.S. ratesetters would signal tighter policy or hold off because of tepid inflation data.

Directional movement was in short supply as forex traders waited for the FOMC statement. Even so, comdolls were getting some buyers, especially the Kiwi.

Ready to pillage some pips from the Loonie? Then heads up because Canada will be releasing its retail sales and CPI reports this Friday. And read up if you need to get up to speed.