British Pound Plummet on Brexit Vote Postponement
The British pound hovered near 20-month lows against the dollar on Tuesday after British Prime Minister Theresa May postponed an important vote on Brexit deal. Read more here!
Brexit
British PM Theresa May Postpones Brexit Parliamentary Vote
British Prime Minister Theresa May on Monday cancelled a parliamentary vote on her Brexit deal to seek more concessions but the European Union refused to renegotiate and lawmakers doubted her chances of winning big changes. Read more here!
Global Markets Ramp Up Losses on Economic Slowdown
The losses in global stock markets increased on Monday, with US equity futures and Asian shares sliding on concerns over slowing growth and fears. Read more here!
Dollar Softens on Lackluster Payrolls Data
The dollar lost nearly half percent against the euro and the yen on Monday after a weak US payrolls data fanned speculations that the Federal Reserve may stop raising interest rates after a highly likely move next week. Read more here!
Yen Strengthens against the Dollar on Huawei Arrest
The safe haven yen edged higher against the US dollar on Thursday as the arrest of a leading Chinese executive in Canada. Read more here
Daily Market Analysis and Charts
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Dollar Slides after Treasury Yields Decline
The dollar slumped in Asia on Tuesday after US Treasury yields slipped from three-month lows, with investors fretting over a possible pause in the Federal Reserve’s rate hike cycle and portents of recessions seen in a yield curve inversion. Read more!
Dollar Weakens as Risk-On Sentiment Prevails
The dollar broadly slumped on Monday as investor demand for riskier assets increased after China and the United States agreed to a ceasefire in their trade war. Read more here!
Daily Market Charts and Technical Analysis
Here are the latest movements in the currency markets. Check out our technical charts and market analysis!
Dollar Slumps after Fed Dovish Remarks
The dollar suffered from prolonged overnight losses on Thursday after the Federal Reserve Chairman Jerome Powell said that the US interest rates were just below neutral. Read more!
Greenback Steady on Trump’s Comments on Trade War
The greenback was steady on Tuesday as fresh concerns about the US-China trade war buoyed safe haven currencies. Read more!
British PM to Address Lawmakers on Brexit Vote
British Prime Minister Theresa May will tell lawmakers on Monday that they face a stark choice. Read more here!
Dollar Rallies on Risk-Averse Global Sentiment
The dollar experienced massive gains as investors flocked the world’s most liquid currency on fears of a slowdown in global economic growth. Read more here!
World Stock Markets Tense after Gloom in Asian Trading
Friday was still markedly turbulent for world markets as economic news focused of the slide on Asian shares to 20-month lows. Meanwhile, S&P futures fell steeply and China’s yuan weakened. Anticipation for corporate profits also added to the lingering fears toward global trade and economic growth. In a sign of shaky investor confidence, the gloom …
World Stock Markets Tense after Gloom in Asian Trading Read More »
Euro Slides on German Chancellor News
The euro weakened on Monday after a report said that German Chancellor Angela Merkel will not seek re-election as party chairwoman, marking the end of a 13-year era in which she has dominated European politics. [img desc: Angela Merkel announces she wouldn’t seek re-election] The euro slipped 0.4 percent to reach a day’s low …
