December 11, 2018
The British pound declined against major currencies following the latest Brexit developments. Prime Minister Theresa May postponed a parliamentary vote on her proposed Brexit deal which was supposed to take place today.
December 10, 2018
The dollar index which measures the greenback against a basket of major currencies dropped to a low of 96.36, the lowest since November 22nd, weighed down by weaker-than-anticipated jobs report.
December 7, 2018
The dollar index which measures the greenback against a basket of major currencies fell 0.3% to 96.77 on expectations that the Fed could pause the interest rate hikes in 2019. The latest developments in the bond market, especially the inversion of the yield curve, warned investors about a possible economic slowdown.
December 6, 2018
Major US stock futures resumed trading with a gap lower amid concerns over growth. The recent developments in the US bond market signals that a slowdown could be ahead. The 2-year yields surpassed the 5-year yields for the first time since 2007, and the difference between the 2-year yields and the 10-years yields narrowed to the lowest since 2007.
December 5, 2018
Major US indices finished sharply lower, weighed down by the recent bond market developments which hint to a possible economic slowdown. Moreover, the woes of a failure of reaching a trade deal between China and the United States pressured investors' sentiment.