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OPEC disappointment hits Oil and Stocks

The OPEC and some non-OPEC producers agreed to meet in Vienna yesterday to extend supply cuts of 1.8 million barrels per day until the end of the first 2018 quarter. During the night, Crude prices were on the defensive after an

Pound subdued after Manchester attack

Sterling stayed subdued yesterday, below seven month-highs against the Dollar as investors awaited further developments in Britain’s suspended election following Monday night’s explosion in Manchester that killed 22 people at a concert. The Pound traded lower for most of the day,

Market review: Dollar relief from solid US data

Last Thursday, the US Dollar reversed early losses against its peers, after upbeat US economic data put the focus back on a widely anticipated increase in interest rates by the Federal Reserve. The number of Americans receiving jobless benefits fell to

Dollar weakens on Rising concerns over Trump

This week, the Dollar nursed its losses after taking a hit from solid Eurozone economic data, a fall in US Yields on heightened turmoil in Washington and downbeat housing data that reduced expectations of a Federal Reserve rate hike next month.

Market steadies after release of data

Last Thursday, the British Pound slipped to a one-week low against the US Dollar after the Bank of England report showed interest rates were unlikely to rise within the next two years and predicted a bigger than expected short-term slowdown in

Sterling flirts around 1.30 against a weaker Dollar

On Wednesday, the British Pound jumped near $1.30 against the US Dollar for the first time in more than eight months, capping off a near 6% rise this year and making up all of its losses after the currency suffered a

Euro falls as traders cash in French election bets

On Tuesday, the Euro pulled back from a recent six-month highs but remained well-supported as fading worries over political populism and signs of improving economic conditions in Europe bolstered investor confidence. With the French election out of way, investors are now

Wall Street set to rise after Macron wins in France

US Equity Index Futures edged higher yesterday in the wake of a victory by the centrist candidate in the closely watched presidential French election, suggesting the benchmark S&P 500 may push further into record territory when trading reopens today morning. S&P

Dollar in light turnover amid Japan’s Holiday

Since Tuesday, the British Pound edged slightly higher against the US Dollar and recorded marginal gains as a better-than expected reading on the state of the manufacturing sector failed to spur traders into action. Britain’s manufacturing sector grew at the fastest

Yen slips to ¥112 per Dollar for the first time since March

On Tuesday, the Dollar surged against the Japanese Yen and hit a one-month high of 111.99 lifted by Treasury Yields, which surged after US Treasury Secretary Steven Mnuchin commented on the possibility of an ultra-long-term bond issuance. Mnuchin reiterated his view