News

16 Feb

Dollar Slumps to 3-Year Low, Poised for Weekly Loss in 2 Years

The dollar tumbled to a three-year low versus a basket of currencies on Friday, on track for its largest weekly loss in two years, as bearish factors counterbalanced support the U.S. currency could take from rising Treasury yields. U.S. debt yields stood near multi-year highs. Two-year note yields reached a 9 ½-year high as bond […]

15 Feb

Pound Climbs Amid Risk Appetite

The pound advanced against its key counterparts in early European deals on Thursday amid risk appetite, as European shares rose following firm cues from Asia and Wall Street, as investors shrugged off signs of inflation pickup in the U.S. and the possibility of an interest rate increase at next month’s Fed policy meeting. The German […]

14 Feb

Pound Falls Against Most Majors

The pound dropped against its most major counterparts in early European deals on Wednesday. The pound hit a session’s low of 0.8910 against the euro, from an early high of 0.8888. The pound weakened to 1.2939 versus the franc and 1.3875 against the greenback, off its early highs of 1.2995 and 1.3921, respectively. If the […]

13 Feb

Yen Climbs Against Majors

The Japanese yen strengthened against its major counterparts in the late Asian session on Tuesday. The yen climbed to 78.59 versus the kiwi and 84.99 against the aussie, from its early low of 79.02 and a 5-day low of 85.60, respectively. The yen strengthened to 4-day highs of 115.39 against the franc, 108.06 against the […]

12 Feb

Yen Remains Strong Against Dollar; Global Equities in Focus

The Japanese yen climbed against the dollar on Monday, but stood below a five-month peak as a jump in U.S. equities late last week put a dent on demand for traditional safe haven currencies. The dollar eased 0.1 percent to 108.70 yen, but remained above Friday’s low of 108.05 yen, its weakest level since Sept. […]

08 Feb

Pound Spikes Up As BoE Holds Fire On Rate; Hints At Faster Rate Hikes

The pound firmed against its key counterparts in the European session on Thursday, after the Bank of England kept its interest rate on hold and upgraded its growth forecasts, while signaling faster rate hikes than projected in November. The Monetary Policy Committee voted unanimously to maintain the benchmark rate at 0.50 percent. The bank had […]

31 Jan

MatchPlace at Davos, Switzerland, World Economic Forum 2018

Artificial Intelligence was the hot topic at the University of Chicago / Chicago Booth School of Business yearly event at the World Economic Forum. Andrew Irvine, Chairman and Founder represented MatchPlace at Davos, Switzerland this last week at the World Economic Forum 2018, where he partook in a discussion on the impact of Artificial Intelligence […]

30 Jan

Markets Brace for Busy Week – 30 January 2018

Global markets took a breather on Tuesday morning as traders eyed the busy week ahead which includes President Trump’s first State of the Union address tonight and Federal Reserve Chair Janet Yellen’s last policy meeting tomorrow. Source: FX News

22 Jan

Euro Advances, Dollar Stable Amid Political Developments

The euro rose on optimism that Germany’s Angela Merkel has progressed in the coalition talks after months of stalemate, while the dollar rebounded from earlier lows as the government shutdown ensues. Germany’s centre-left Social Democrats have voted to engage in coalition talks with Merkel’s conservatives, CDU/CSU, bolstering the euro. The common currency traded at $1.2255 […]