Market News

China said on Thursday it agreed the United Nations Security Council should take further actions against North Korea in the wake of its latest nuclear test, while continuing to push for more dialog to resolve the crisis on the Korean peninsula.

How y’all doing, forex buddies? If you want to pillage some quick pips from the Loonie and you’re on the lookout for a post-BOC catalyst, then heads up because Canada’s August jobs report will be released this Friday (September 8, 12:30 pm GMT). And as usual, I’m serving up another Event Preview to help y’all […]

Sterling inched lower on Thursday, with dealers citing growing resistance to any further recovery against the dollar on a day set to be dominated by events in Europe and the United States.

Price action was mostly subdued ahead of the ECB’s policy decision though weak Australian reports knocked Aussie lower.

The euro will hold on to most of this year’s gains over the next 12 months, according to a poll of foreign exchange strategists, who also said a further 5 percent rise in the currency would discomfit the European Central Bank.

Gold held steady early on Thursday, supported by a weaker dollar and lingering concerns over North Korea, as markets awaited the outcome of the ECB policy meeting later in the day.

The euro held firm on Thursday ahead of a European Central Bank policy decision, with the focus on what the ECB might say about the currency’s recent strength and how that may influence the policy outlook.

Here’s what financial markets are looking for from the ECB’s statement and President Mario Draghi’s press conference.

Asian shares bounced back on Thursday after U.S. President Donald Trump and congressional leaders unexpectedly agreed to raise the government debt limit until December, eliminating the near-term risk of a government shutdown.

President Donald Trump forged a surprising deal with Democrats in Congress on Wednesday to extend the U.S. debt limit and provide government funding until Dec. 15.

Trading activity tends to slow down in August but this wasn’t exactly the case last month as some market players reported small gains while others even saw record volumes.

The Loonie was the star of the show thanks to the BOC’s decision to hike interest rates, which took several market watchers by surprise.

The Bank of Canada raised interest rates on Wednesday, surprising many, and said future moves will be guided by economic data, financial market developments and the sensitivity of indebted households to higher rates.

Trading conditions were rather tight during today’s session. GBP was on the move, though, since it swung higher across the board.

Euro zone bond yields drifted higher on Wednesday, reversing early falls, as the impact of strong gains in the U.S. bond market faded and focus turned to higher oil prices and the need for caution a day before a keenly anticipated ECB meeting.

Oil prices rose on Wednesday as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey.

We’ve got another ECB statement coming up on Thursday! So read up if you need a quick recap on what happened last time and what’s expected this time around.

Resolving the North Korean nuclear crisis is impossible with sanctions and pressure alone, Russian President Vladimir Putin said after meeting his South Korean counterpart on Wednesday, again urging dialog to achieve progress.

With not a lot of major data on the docket, Asian session traders focused on risks from North Korea and a bit of profit-taking.

The dollar edged down against the yen on Wednesday, pushed back toward a recent 4-1/2-month low by simmering tensions on the Korean peninsula and by comments from a Federal Reserve official about subdued U.S. inflation.