- Investing.com•3 hours ago
Day Ahead: Top 3 Things to Watch
Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow
- FX Empire•5 hours ago
AUD/USD Forex Technical Analysis – Are We Headed to Another Test of .7501?
Based on last week’s close at .7669, and the price action the previous three weeks, the direction of the AUD/USD this week is likely to be determined by trader reaction to the short-term Fibonacci level at .7743.
- Investing.com•6 hours ago
Gold prices Tumble 1% as Dollar, Yields Jump
Investing.com – Gold prices tumbled pressured by easing geopolitical tensions and continued dollar strength on the back of the rising US bond yields.
- MarketWatch•6 hours ago
What recent CFTC data mean for dollar bulls
U.S. dollar bulls feel vindicated by the recent jump in the greenback, but currency positioning data from last week, which showed growing bearish dollar bets, perhaps, raised concerns for some about the longevity of the current rally. Data collected by the Commodity Futures Trading Commission for the week ended April 17—last week Tuesday—showed that bearish bets that the U.S. dollar (IFUS:DX-Y.NYB) would weaken increased for a second consecutive week. The rally in the 10-year Treasury, which began late last week, is leading people to expect the dollar will rally further and reverse the early January selloff it had to endure, suggested said Kit Juckes, chief FX strategist for Société Générale.
- Investing.com•7 hours ago
Dollar Hits 8-Week High as 10Y Yield Nears 3%; Yen, Aussie Dollar Slumps
Investing.com – The dollar rose to an eight-week high against a basket of currencies amid a slump in both the yen and Aussie dollar, while a rise in the 10-year U.S. treasury yield close an important 3% level also lifted sentiment.
- MarketWatch•7 hours ago
Dollar rises to 3-month high as 10-year yield flirts with 3%
The greenback rallied on Monday, notably against the yen, with a key dollar index ascending to a three-month high as a U.S. benchmark Treasury yield was on the cusp of breaking above a psychologically significant level at 3%. The ICE U.S. Dollar Index (IFUS:DX-Y.NYB), which gauges the buck against a basket of six currencies, climbed 0.7% to 90.927, trading around its highest level since mid-January and adding to its positive momentum from late last week. The WSJ U.S. Dollar Index (CALCULATED:BUXX), which measures the greenback against a wider basket of currencies, rose 0.7% to 84.97.
- FX Empire•8 hours ago
Gold Breaks Through Support and Stabilizes Near April Lows
Gold prices tumbled as the dollar gained traction following a boosted in U.S. treasury yields up to 3%. Since gold prices are quoted in dollars, a stronger dollar is generally negative for yellow metal prices. Prices broke down through trend line support but stabilized above the April lows at 1,320. Resistance is seen near the upward sloping trend line that was prior support near 1,331. Momentum has turned negative as the MACD (moving average convergence divergence) histogram generated a crossover sell signal.
- FX Empire•9 hours ago
The EUR/USD Breaks Down as Momentum Turns Negative
The EUR/USD broke down on Monday as U.S. treasury yields hit the 3% level sending the greenback higher. Treasury yields have tested this level in the past, and despite a hawkish fed there has been little in the way of inflation that should send yields higher. Resistance is now seen near the breakdown level at 1.2245 and then the 10-day moving average at 1.2334. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line (the 12-day moving average minus the 26-day moving average) crosses below the MACD signal line (the 9-day moving average of the MACD line).
- Investing.com•9 hours ago
Gold Falls as U.S. Dollar, Yields Rise
Gold was lower on Monday, weighed down by a strengthening U.S. dollar and a rise in U.S. Treasury yields. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.51% to 90.54 as of 10:57 AM ET (14:57 GMT). Gold is denominated in the U.S. currency and becomes more expensive for holders of other currencies when the dollar rises.
- Investing.com•10 hours ago
Dollar Posts Broad Gains, Hits 7-Week Highs
Investing.com - The dollar posted broad gains against a basket of the other major currencies on Monday, hitting seven week highs, boosted by rising U.S. bond yields.
- Investing.com•11 hours ago
Stocks- Wall Street Rises as Investors Shrug Off Bond Yield Worry
Investing.com – Wall Street was higher on Monday, as investors shake off bond worries and looked ahead to earnings.The S&P 500 was up over four points or 0.16% to 2,674.38 as of 9:37 AM ET (13:37 GMT) while the Dow composite increased 47points or 0.19% to 24,510.0 and tech heavy NASDAQ Composite rose nearly 31 points or 0.29% to 7,167.04.Bond yields have risen to their highest levels in four years, as inflation has added to expectations of continued rate hikes from the Federal Reserve. ...
- Investing.com•14 hours ago
Stocks- U.S. Futures Struggle for Direction as Investors Look Ahead to Earnings
Investing.com – U.S. futures pointed to a slightly lower opening bell on Monday, as bond yields rose and investors waited for earnings results from top technology firms.The S&P 500 futures was up over half a point or 0.03% to 2,672.25 as of 6:47 AM ET (10:47 GMT) while Dow futures was flat at 24,432.0. Meanwhile tech heavy Nasdaq 100 futures rose over four and a half points or 0.07% to 6,681.0.Bond yields have risen to their highest levels in four years, as inflation has added to expectations of continued rate hikes from the Federal Reserve. ...
- Investing.com•15 hours ago
Dollar Extends Gains, Hits 1-1/2 Month Highs
Investing.com - The dollar extended early gains against a currency basket on Monday, rising to one-and-a-half month highs, driven up by a rise in U.S. bond yields, while mixed euro zone private sector survey data failed to support the euro.
- FX Empire•15 hours ago
Where Does Gold Go Now?
Gold has been very quiet over the last couple of months. Since hitting $1,300 during Christmas week, it has been confined to a narrow range of around $1,305 to $1,352. Can it be the beginning of a downtrend?
- Investing.com•15 hours ago
Gold Prices Slide to 2-Week Lows as Stronger Dollar Weighs
Investing.com - Gold prices fell to their lowest levels in two weeks on Monday as a stronger dollar and renewed risk appetite dampened demand for the precious metal.
- FX Empire•17 hours ago
Speculators Eyeing Downside Action for Gold
Gold has come under additional pressure early this morning. The precious metal stumbled late last week as the U.S Dollar mounted gains in forex.
- FX Empire•17 hours ago
USDCAD Continues To Move Higher As Canadian CPI Disappoints
The pair has been moving higher over the last couple of days
- FX Empire•17 hours ago
EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 23, 2018
The pair dropped significantly during the Friday’s session reaching down towards the 1.22 level as due to rising interest scenarios in the United States and lack of any clear pictures on rate hike by ECB after ending the QE. The market has now broken below 1.23 level, there will be some downward pressure with major support at 1.21 level. …Read MoreGBP/USD
- Investing.com•18 hours ago
Dollar Holding Steady near 2-Week Highs
Investing.com - The dollar was holding steady near two week highs against a currency basket on Monday supported by expectations for further interest rate hikes this year, while waning geopolitical risk dampened demand for the safe haven yen.
- FX Empire•18 hours ago
GBP/JPY Cont-Breakout Pattern Only Above 152.36
The GBP/JPY has been in a steady uptrend on H4 timeframe, and after touching 153.87 it started a retracement. Don’t be confused, as the pair is still in uptrend and we might see a rejection from POC if the price gets in the zone 149.60-85. However, pay attention to 151.50 too. If the pair makes a 4h close above 151.52 we should see a bounce towards 152.36. Above 152.36 there is a possibility of a cont-breakout pattern towards 153.75 retest. Only below W L4 – 148.97 the pair might start a downtrend.
- FX Empire•19 hours ago
Price of Gold Fundamental Daily Forecast – Volatile Reaction Likely if 10-Year Notes Hit 3.00%
The downside momentum in the gold market suggests sellers are increasing their pressure on the market. The recent bottom from April 13 at $1335.50 was taken out easily earlier today. If selling volume continues to rise then we could see a test of the April 6 bottom at $1322.60.
Reuters•19 hours agoGraphic - The long goodbye to easy money: Five questions for the ECB
The ECB meets on Thursday against a backdrop of concern about a global trade spat and a softening in euro zone economic data that could potentially hamper the central bank's plans to unwind its extraordinary monetary stimulus. In March, the European Central Bank dropped a long-standing pledge to increase its bond buying if needed, taking another small step in weaning the euro zone economy off protracted quantitative easing (QE). Just how much recent economic and international developments are impacting the ECB's plans to unwind QE could well make for a lively debate.
- FX Empire•19 hours ago
GBPUSD Under Lot of Pressure, Holds Support
The pair has been under lot of pressure due to weak economic data
- FX Empire•19 hours ago
Early Tentative Sentiment in Broad Markets, Global Stocks Down as Treasury Yields Rise
Asian equities have started the week cautiously and Europe has been tentative early. The U.S Dollar remains strong in the short term.
- FX Empire•20 hours ago
EUR/USD Finishes the Day Lower
The pair has corrected on the back of dollar strength
