Market News

A set of strong U.S. earnings reports sent the S&P 500 stock index to a record high on Tuesday, while the dollar held at its lowest since June 2016 ahead of a two-day Federal Reserve policy meeting.

Strong earnings boosted U.S. stocks on Tuesday, driving the S&P 500 to a record high while also sending a popular options-based gauge of expected price volatility down to a more than 23-year low.

Most pound pairs were range-bound for the session before jumping higher near the end as BOE Chief Economist Haldane’s scheduled speech drew near.

The dollar sat at a more-than-one-year low while stocks climbed on Tuesday.

Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month.

The two new members of the Bank of Japan’s policy board said on Tuesday that the central bank should continue efforts to achieve its 2 percent inflation goal.

Will the Fed publish any market-moving statement this week? Here’s what you need to know about the closely-watched event.

The dollar had difficulty extending its gains, as strong U.S. data got mixed in with cautiousness ahead of the FOMC statement.

Large speculators finally became net short on the Greenback. And the latest COT report shows that the pushback against the Greenback was still broad-based.

The dollar crept up from a 13-month low on Tuesday after stronger-than-expected readings on U.S. factory and services activity.

The Greenback drew some support from upbeat PMI but the big winner was the Loonie, which got a boost from strong data and a pickup in crude oil prices.

The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the euro zone and China.

The U.S. dollar rose from its lowest level in more than a year and U.S. Treasury yields climbed on Monday.

The Nasdaq hit a record high on Monday ahead of a big week of technology earnings reports.

The dollar edged up from its lowest level in more than a year on Monday, assisted by stronger-than-expected readings on the U.S. economy.

Oil rose around 1 percent on Monday, after leading OPEC producer Saudi Arabia pledged to cut exports in August to help reduce the global crude glut.

Price action was a bit choppy during today’s morning London session. However, the euro was clearly on the back foot during the session.

Better keep close tabs on these reports and events if you’re trading crude oil or the positively-correlated Canadian dollar.

Risk aversion was the name of the game during the Asian session, as a lack of fresh catalysts kept traders on the sidelines.

Asian stocks slipped on Monday as demand for riskier assets ebbed after recent strong gains, while the euro’s near-two-year high.