Financial Market News

The latest breaking news on financial markets, Forex industry news from the most reputable news sources around the world.

Cryptocurrencies Remain Well Bid as Coinbase Goes Public This Week

Cryptocurrencies Remain Well Bid as Coinbase Goes Public This Week

Over the weekend, the price of Bitcoin extended its rally to above $60,000 again. While not making a new all-time high, Bitcoin remains well bid ahead of the main event of the week ahead – the listing of Coinbase, one of the largest crypto exchanges. The cryptocurrency market increased in size ...

Global Economic Activity Picks Up On Increased Vaccination Campaigns

Global Economic Activity Picks Up On Increased Vaccination Campaigns

As most of the world celebrates Easter, strong signs of economic recovery emerge. Last Friday, with most banks closed, the United States revealed the Non-Farm Payrolls (NFP) numbers for March 2021. The release exceeded all expectations, showing that the United States economy added close to a ...

Strong Dollar Breaks the Reflation Theme – All Eyes on the U.S. Yields

Strong Dollar Breaks the Reflation Theme – All Eyes on the U.S. Yields

2020 proved to be a challenging year for currency traders looking to forecast how the U.S. dollar will react to the pandemic. The Federal Reserve of the United States (Fed) immediately lowered the fed funds rate to the lower boundary (i.e., close to zero) and vouched to leave it there for as ...

Crude Oil Price Drops from the Highs, But Bullish Pressure Remains

Crude Oil Price Drops from the Highs, But Bullish Pressure Remains

One of the most spectacular market rallies this year formed on the oil market. After the dip below the zero level in April 2020, the price of oil rallied to $68 in March 2021. The move higher comes in line with rising global demand as the global trade volume reaches pre-pandemic levels. ...

Rising Yields Put Pressure on the Fed at Wednesday’s Meeting

Rising Yields Put Pressure on the Fed at Wednesday’s Meeting

The main event of the week for financial markets is the Fed’s FOMC meeting on Wednesday. Besides the regular statement, the Fed will reveal its economic projections, and the market will focus on the dots plot that shows the federal funds rate forecast for the next three years. The event is ...

Decisive Week Ahead for the ECB and the Euro

Decisive Week Ahead for the ECB and the Euro

The first week of the month ended up with the Non-Farm Payrolls (NFP) in the United States showing a strong rebound of the US labor market. The NFP report revealed that the job market added double the number of jobs that the economists forecasted. As such, the perspective of a faster than ...

Rising Yields Spark Dollar’s Rally

Rising Yields Spark Dollar’s Rally

Financial market participants were taken by surprise last week. The US dollar, on a steady decline since April of last year, has pared losses and started to rally. It gained across the board, trading higher against the euro, the pound, or the Australian dollar. The move higher in the dollar ...

Bitcoin Surge Continues as More Institutional Investors Turn to Digital Assets

Bitcoin Surge Continues as More Institutional Investors Turn to Digital Assets

The price of Bitcoin reached $57,000 over the weekend. The extent of the current bull run is so aggressive that earlier forecasts that Bitcoin will reach 200k and more in less than a year do not sound improbable anymore. If that is going to be the case, it remains to be seen. What is important ...

Equity Indices Remain Bid as America Awaits New Fiscal Stimulus

Equity Indices Remain Bid as America Awaits New Fiscal Stimulus

Last week brought little or no movements on the financial markets. The VIX index, which measures volatility, dropped to levels not seen so far during the pandemic. The lack of important economic data contributed to this environment. With a few exceptions, like the CPI or the inflation data in ...

Weak NFP Report Responsible for USD Bullish Trend Reversal

Weak NFP Report Responsible for USD Bullish Trend Reversal

The U.S. dollar traded with a bullish tone since the start of the trading year. While the move higher is not visible on all markets, the most relevant is the EURUSD as the pair eased from 1.23 to 1.20 in less than a month. Because the Euro has the bigger weight in the dollar index, […]

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