Market News

British MPs will be voting on the Queen’s speech tomorrow. What’s this vote all about, you ask? And why does it matter for the pound?

With no fresh report to price in, Asian session traders focused on themes from the previous sessions.

Asian shares slumped on Wednesday after Wall Street was knocked hard in the wake of a delay to a U.S. healthcare reform vote.

The Greenback shrugged off better than expected data and Yellen’s remarks as traders were disappointed about the delay in the healthcare bill vote.

EUR and CHF soared during and after ECB Overlord Draghi gave his speech. Meanwhile, JPY got crushed even though risk aversion prevailed.

The dollar weakened on Tuesday as investors awaited Federal Reserve signals on whether the U.S. central bank will stick to its guns and raise rates this year, .

European Central Bank President Mario Draghi opened the door to tweaks in the bank’s aggressive stimulus policy on Tuesday.

So crude oil officially hit bear market last week. Let’s count the ways why it happened.

Risk appetite carried over from yesterday thanks to a lack of market-moving catalysts during the Asian session.

The value of net long positions on the Greenback got a boost mainly at the euro’s expense as fresh euro bears came charging in.

The dollar stood tall on Tuesday, pushing to a one-month high against the yen as investors waited to hear from Federal Reserve Chair Janet Yellen.

Japanese stocks closed in on two-year highs early on Tuesday thanks to a weaker yen while the euro sagged against its peers after ECB President Draghi talked up benefits of the ECB’s easy monetary policy.

Risk appetite was the name of the game on Monday morning as positive updates from Italy and the United Kingdom kept traders in a good mood.

Nestle’s jump to a record high boosted European stocks and helped buoy a global index on Monday, while the dollar was close to recent lows and the U.S. yield curve flattened after soft capital goods data.

The U.S. dollar hit a one-month high against the yen and rebounded against the euro on Monday after the European Central Bank chief defended the ECB’s easy monetary policy.

Nestle’s jump to a record high boosted European stocks and helped buoy a global index, while the U.S. dollar index was close to recent lows and the U.S. yield curve flattened after soft capital goods data.

Europe’s growing inequality is highly destabilizing and needs to be tackled, European Central Bank President Mario Draghi said on Monday.

Mark Carney has recent history on his side as he faces up to the biggest challenge of his leadership of the Bank of England and tries to keep interest rates at their record low.

Shares rose in Europe on Monday, with Italian banks gaining after a deal to wind up two failed lenders, while the dollar and U.S. bond yields held close to recent lows.

The risk-on vibes took their toll on CHF and JPY. The rise in oil prices, meanwhile, sent CAD higher not just for the session, but for the day (so far).