Forex News

Dollar dips after recent strong gains; euro advances
 21/11/2016|  |  Forex

The dollar slipped on Monday after rising 10 straight days as investors consolidated gains fuelled by the election of a new Republican president who is expected to adopt fiscal policies leading to interest rate increases.

European shares end up, helped by cyclical stocks
 21/11/2016|  |  Forex

European shares rose on Monday, helped by a rise in commodity prices as investors continued to buy cyclical stocks and sell defensives on bets that the U.S. presidential election result might revive inflation globally.

Oil Speculation Rule Gets Final CFTC Push Before Trump Takeover
 21/11/2016|  |  Forex

Timothy Massad, the top U.S. derivatives regulator, is trying to push ahead before President-elect Donald Trump takes office with controversial rules that clamp down on traders’ ability to speculate in oil and other commodities, according to people familiar with the matter.

Corbyn Says U.K. Business Concerned by ‘Hard Brexit’ Threat
 21/11/2016|  |  Forex

Opposition Labour Party leader Jeremy Corbyn said business leaders and trade unions have expressed concern that Britain is heading for a “hard Brexit” that would be “very very damaging” for the U.K.

Wall Street at record highs as techs, energy stocks rally
 21/11/2016|  |  Forex

The Dow, S&P 500 and the Nasdaq hit record intraday highs on Monday as Apple and Facebook propelled technology shares and oil prices boosted energy stocks.

Oil prices fall as strong dollar wipes out OPEC cut optimism
 18/11/2016|  |  Forex

Oil prices fell on Friday as a strengthening U.S. dollar beat back renewed hope that OPEC might finally agree production cuts.

Draghi Says Recovery Still Highly Reliant on ECB Policy Support
 18/11/2016|  |  Forex

European Central Bank President Mario Draghi said the recovery in the 19-nation euro area isn’t yet strong enough to deliver sustained reflation, and the current level of monetary support will be a “key ingredient” for the economic outlook in the coming years.


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