Johnson's Rise to PM Weighs on Pound - 17 June 2019

17 June 2019 | 2:01 pm

The Pound continues to be weighed by expectations that the next Prime Minister is likely to be Boris Johnson, which will mean that any possibility of a soft Brexit is dwindling.

Bleak Signals Contradict Positive Economic Data - 17 June 2019

17 June 2019 | 11:01 am

ECB executive board member Benoît Cœuré, also a very solid contender to succeed the current ECB president Mario Draghi, said that the markets are sending "bleak" signals that are contradicting positive economic data.

Global Markets Subdued as Traders Eye Fed - 17 June 2019

17 June 2019 | 9:44 am

The Federal Reserve will be holding its June policy meeting on Tuesday and Wednesday, after which it will announce its policy decision- but traders are already eager for the results, and are trading cautiously.

Weekly Economic and Political Timeline

16 June 2019 | 11:34 am

This week is likely to see more market activity than last week, with important central bank input due concerning the U.S. Dollar, the Japanese Yen, and the British Pound.

Dollar Steadies as Markets Eye Fed

14 June 2019 | 8:42 am

The US Dollar Index steadied during Asian trade and is poised to show a gain for the week.

FX Traders Watch PM Battle

13 June 2019 | 2:19 pm

As the voting begins today for a new Prime Minister, FX traders are sitting on the sidelines wary of the prospect that the next PM could take the UK out of the European Union without an agreement in place.

Eurozone Ministers to Meet to Discuss Reforms

13 June 2019 | 2:12 pm

European Union ministers are meeting on Thursday night in Luxembourg in order to approve some Eurozone reforms, however, they may struggle to reach a consensus since there are many interests at stake, with many parties involved.

What’s Next in Trump’s Tariff Tale?

13 June 2019 | 9:41 am

U.S. President Donald Trump announced on Wednesday that he is mulling over the possibility of sanctioning the Nord Stream 2 pipeline

GBP Higher on Efforts to Stave Off Hard Brexit

12 June 2019 | 2:15 pm

Attempts in the UK Parliament to block a “no-deal Brexit” have helped to lift the Pound higher against the US Dollar and the Euro.

Draghi to Give a Speech At ECB Conference Today

12 June 2019 | 10:14 am

The European Central bank (ECB) President Mario Draghi is expected to give the opening speech at ECB conference on CESEE in Frankfurt later today.

Oil Prices Plummet Even as OPEC Works to Extend Cuts

12 June 2019 | 9:38 am

Oil prices took a sharp turn downward on Wednesday even after it was announced that OPEC ministers are working diligently to extend their production cuts, a move that was made to keep prices stable in the face of record U.S. production.

Japan to Adopt Flexible Economic Policy If Needed

11 June 2019 | 1:14 pm

While aiming to raise the sales tax in October, the Japanese are willing to change their policy if the economic conditions get worse according to sources.

Pound Gains Steam After Labor Data

11 June 2019 | 12:51 pm

The Pound Sterling managed to recover after being under heavy pressure against both the US Dollar and the Euro, despite labor data which was unexpectedly disappointing.

Trump Threatens More China Tariffs (Again)

11 June 2019 | 9:16 am

President Donald Trump has threatened to put fresh tariffs on Chinese imports immediately if Chinese President Xi Jinping does not attend the G-20 summit that is scheduled for the end of this month.

Pound Lower After Dismal Data

10 June 2019 | 1:36 pm

The Pound Sterling took a sharp downturn after the Office of National Statistics released data which disappointed many FX traders.

EU Planning Alternative to WTO

10 June 2019 | 11:52 am

The European Union is planning to launch an alternative to the World Trade Organization (WTO) as the latter is being threatened by president Donald Trump's blockade.

Gold Falls, Stocks Gain as Mexico Tariffs Averted

10 June 2019 | 10:50 am

A deal last week between the United States and Mexico has suspended U.S. President Donald Trump’s planned tariffs on Mexican imports, sending global markets higher on Friday on Wall Street and into Monday’s Asian trading session.

Theresa May Resigns as UK Prime Minister

7 June 2019 | 4:23 pm

As of today, 7 June 2019, Theresa May has officially stepped down as Conservative leader and Prime Minister of the United Kingdom.

Dollar Outlook Sours Ahead of NFP

7 June 2019 | 9:46 am

Though currently higher, the US Dollar is on track to record its worst single week's performance this year ahead of the release of private sector labor data.

Trade Subdued as PM Contest Evolves

6 June 2019 | 1:51 pm

Trading in the Pound Sterling was relatively subdued with the GBP/USD and EUR/GBP pairs trading within recent ranges as FX traders watch the hotly contested challenge for the Prime Minister's seat.

European Commission: Italy Not Complying with Spending Rules

6 June 2019 | 11:51 am

According to the European Commission data, Italy is not complying with the European Union spending rules.

Dollar Struggles as U.S.-Mexico Talks Stall

6 June 2019 | 9:24 am

The U.S. dollar was lower on Thursday afternoon in Asia after a difficult day of negotiations between the U.S. and Mexico on Wednesday in which negotiators failed to find a compromise about trade and immigration issues.

Fed Sets Stage for Looser Policy

5 June 2019 | 2:38 pm

The trade war, which was initiated by US President Trump against China, is now impacting the US Dollar.

Boris Johnson Warns Against Brexit Delay

5 June 2019 | 12:18 pm

British conservative leader Boris Johnson warned his party about the consequences of not delivering the Brexit

Global Stocks (Finally) Head Higher

5 June 2019 | 10:33 am

After a rough start to the week and a dismal finish in May on Wall Street, global stock indexes headed broadly during Tuesday’s New York session, and Asian indexes followed in kind on Wednesday.

EUR/GBP Near 5-month Trough

4 June 2019 | 2:14 pm

Though higher currently, the Pound Sterling remains within striking distance of a 5-month trough versus the Euro during Tuesday trade as worries of a hard Brexit weigh.

The South Korean Economy Shrinks More Than Expected

4 June 2019 | 12:45 pm

South Korea’s economy contracted 0.4 percent, falling more than the 0.3 percent the analysts expected, according to the South Korean central bank data which published its data earlier on Tuesday.

Australian Central Bank Cuts Rates and U.S. May Soon Follow

4 June 2019 | 9:11 am

The U.S. dollar fell to a five-month low against the yen on Tuesday, pressured by lingering concerns over a global economic slowdown and increased expectations for an interest rate hike by the Federal Reserve.

Safe Haven Demand Rises on Trade Rhetoric

3 June 2019 | 1:22 pm

Market demand for safe haven currencies sent the Swiss Franc close to a 2-year peak versus the common currency Euro as the trade tensions between the United States and China increase.

New ECB Chief Economist Begins Its Term

3 June 2019 | 12:39 pm

The economist and professor Philip Lane just began his term as the European Central Bank chief economist, with an important monetary policy meeting about to happen on Thursday, where he could (or not) revise the bank's forecasts.