Market News

Not satisfied with her maniacal immigration policy, which threatens the very existence of hard fought western cultural norms across Europe, German Chancellor Angela is now complaining about the US not being a viable partner for Germany or Europe.

Major world stock markets rose on Thursday, with the S&P 500 and Nasdaq hitting record highs on encouraging U.S. economic data.

U.S. factory activity ticked up in May after slowing for two straight months and private employers stepped up hiring.

The dollar rallied on Thursday after a report showed the U.S. economy created more private sector jobs than expected in May, bolstering expectations for an interest rate hike this month.

A Reuters poll shows the dollar will rise only slightly over the coming year.

Many currency pairs were bound in tight ranges during the session. Also, most of the currency pairs that showed some volatility didn’t really go anywhere.

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The Aussie was the biggest mover of the forex trading session, as it got swept away by the tides of strong Australian reports and weak Chinese data.

The Australian dollar tumbled on Thursday after a private survey showed China’s manufacturing activity unexpectedly shrank in May, casting a cloud over the global economic outlook.

The dollar fell broadly on Wednesday, sliding to two-week lows against the yen and a more than one-week trough versus the euro amid growing political tension in Washington.

Dollar price action was mixed as reports from Uncle Sam barely provided directional clues. In the United Kingdom, more polls indicated a narrowing lead for PM May’s party.

Major stock markets around the globe ended a solid May on a weak note on Wednesday, while the sterling fell.

Oil prices fell to a three-week low on Wednesday with Brent set for its fifth monthly loss.

Lots of themes were playing out during the session, with the euro and the Swissy getting buyers right from the get-go. Meanwhile, the pound finally found support after getting whupped during the earlier Asian session. As for the Loonie, it ended up as the worst-performing currency of the session when the Greenback somehow edged out a win near the end.

G’day, forex mates! If you’re wondering how Australia’s overall economy has been faring lately, especially since Australia’s Q1 GDP report will be released next week and the RBA would be giving another rate decision and statement, also next week, then today’s economic snapshot is just for you.

The pound took another hit during the Asian session as a new election poll hinted that Theresa May’s Conservative Party may get a few seats short of a majority in the Parliament.

The British pound came under pressure on Wednesday after a new poll found that the Conservative Party risks falling short of an overall majority in next month’s national election.

The dollar fell to two-week lows against the safe-haven yen and Swiss franc on Tuesday, as investors turned cautious.

The Greenback ticked higher upon seeing the core PCE price index but gave back its intraday gains and more throughout the session as traders turned their attention to weaker Fed rate hike odds in September.

Political worries over Greece, Italy and Britain had European currencies on the retreat against the dollar on Tuesday.