Market News

Asian stocks wobbled on Wednesday but still marked a 10-year high, cheered by record highs on Wall Street, while shares of Apple Inc’s suppliers dipped following the release of the latest iPhone.

The pound extended its rally from the previous trading session while the Greenback caught up to its lead when U.S. equities soared to new record highs.

The dollar rose on Tuesday as investors further unwound bearish bets against it following a bounce in Treasury yields and ahead of U.S. inflation data flagged as the next risk event for the market.

The pound was the star of the session thanks to the better-than-expected CPI. The persistent risk-on vibes, meanwhile, continued to to weigh down on the safe-haven currencies.

World stocks climbed to record highs on Tuesday as an easing in tensions over North Korea and signs that Hurricane Irma was causing less damage than feared in the United States boosted risk appetite.

British inflation hit its joint highest in more than five years in August as households paid more for fuel and clothing.

The German economy could lose some momentum in the second half of the year after powering ahead in the first six months, as household spending and industrial production are expected to shift into lower gear, the economy ministry said on Tuesday.

News traders huddle up! Let’s take a look at Australia’s jobs report due this week and see if we can spot any trade opportunities.

A lack of major data releases kept Asian session traders in the sidelines though North Korea’s fresh sanctions managed to get some spotlight.

Asian shares hit a 10-year peak on Tuesday with investors breathing a sigh of relief as North Korean fears eased slightly and the worst-case scenario from Hurricane Irma looked to have been avoided.

Gold on Tuesday extended losses from the previous session, with equities strengthening and the dollar holding gains as investor appetite for risk showed signs of picking up.

Oil prices edged down in early Asian trading on Tuesday, as traders weighed up the dampening effect on demand of Hurricane Irma versus refinery restarts in the wake of Hurricane Harvey that should lead to more crude oil processing.

Net shorts on USD continued to rise. And the latest COT report shows that USD lost ground mainly to EUR as EUR shorts fled. Also worth noting is that JPY bears returned.

New York session traders woke up on the right side of the bed this Monday, propping U.S. equities and the dollar significantly higher.

World shares returned to a record high on Monday, on relief that hurricane Irma looked to be losing strength in the United States and that North Korea’s anniversary celebrations at the weekend passed without any new missile test.

Risk-taking persisted during today’s morning London session, which apparently benefited the higher-yielders, especially the Kiwi dollar.

Cheerio, pound traders! It’s gonna be another eventful week as three top-tier catalysts are on the U.K. economic docket in the next few days.

Hurricane Irma pounded heavily populated areas of central Florida on Monday as it carved through the state with high winds, storm surges and torrential rains that left millions without power, ripped roofs off homes and flooded city streets.

The dollar rose on Monday and world shares climbed back towards record highs, on relief that North Korea did not conduct a further missile test at the weekend when it celebrated its founding anniversary.

Oil prices edged lower on Monday on concerns that Hurricane Irma’s pounding of heavily populated areas of Florida could dent oil demand in the world’s top oil consuming nation.