• Reuters19 minutes ago

    Asia Rice: India rates slip on weak demand, rupee; Vietnam grapples with ample supply

    Rice export prices in India slid to a 15-month low this week as the rupee remained weak and demand was sluggish as buyers held off purchases on hopes of deeper price declines, while Vietnam rates fell further on mounting supplies. Rates for India's 5 percent broken parboiled variety fell by $2 per tonne to $386-$390 per tonne, the lowest since April 20, 2017. Farmers in India have planted paddy rice on 11.67 million hectares as on July 13, down 8 percent from a year ago.

  • Dollar near 1-Year Highs on Fed Rate Hike Bets
    Investing.com27 minutes ago

    Dollar near 1-Year Highs on Fed Rate Hike Bets

    Investing.com - The dollar rose against a currency basket on Thursday, to trade near one-year highs after hawkish comments by the chairman of the U.S. Federal Reserve underlined expectations for two additional rate hikes by the central bank this year.

  • Dollar advances, as China’s yuan drops to 1-year low
    MarketWatch34 minutes ago

    Dollar advances, as China’s yuan drops to 1-year low

    The U.S. dollar moved broadly higher Thursday, both against its developed and emerging rivals, while China’s yuan dropped to a low not seen since last July.

  • European stocks drop from 1-month high as miners slide
    MarketWatch38 minutes ago

    European stocks drop from 1-month high as miners slide

    European stock markets decline on Thursday, pulling back from a one-month high as mining stocks tracked a selloff in the metal prices and traders digested the latest round of earnings reports.

  • FTSE 100 rises after weak retail sales throw August rate hike into question
    MarketWatch2 hours ago

    FTSE 100 rises after weak retail sales throw August rate hike into question

    U.K. stocks swung higher on Thursday and the pound tumbled after disappointing British retail sales stoked speculation the Bank of England may refrain from hiking interest rates in August.

  • Aussie Dollar Higher After Strong Employment Data; Yuan Falls
    Investing.com3 hours ago

    Aussie Dollar Higher After Strong Employment Data; Yuan Falls

    Investing.com - The Australia’s dollar rose on Thursday after data showed the country’s employment surged in June, while the Chinese yuan fell after the central bank weakened its fixing beyond 6.7 for the first time since the currency began tumbling in June.

  • Gold Prices Drop as Dollar Remains Near Three-Week High
    Investing.com4 hours ago

    Gold Prices Drop as Dollar Remains Near Three-Week High

    Investing.com - Gold prices dropped on Thursday as the dollar remained near a three-week high. U.S. Federal Reserve Chairman Jerome Powell’s comments this week implied increasing interest rates and continued to put pressure on the precious metal prices.

  • AUD/USD Forex Technical Analysis – Testing Pair of 50% Levels at .7413 – .7397, Needs to Clear .7443 to Change Trend
    FX Empire6 hours ago

    AUD/USD Forex Technical Analysis – Testing Pair of 50% Levels at .7413 – .7397, Needs to Clear .7443 to Change Trend

    Based on the early price and the current price at .7411, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the short-term pivot at .7413. The main trend is down according to the daily swing chart. The trend will change to up on a trade through .7443. Today’s intraday rally stopped at .7442, just short of this main top.

  • USD/JPY Fundamental Daily Forecast – May Have to Regroup at Lower Levels Before Challenging 113.381 – 113.745
    FX Empire6 hours ago

    USD/JPY Fundamental Daily Forecast – May Have to Regroup at Lower Levels Before Challenging 113.381 – 113.745

    The Dollar/Yen is trading lower early Thursday, following through to the downside after the previous session’s technical reversal top. Demand for risk is slightly lower early in the session, sending some investors into the safe haven Japanese Yen. Investors are also reacting to weaker-than-expected domestic data. Domestically, Japan posted a trade surplus in June, but it came in below the forecast. After booking a deficit the previous month, new data showed a surplus, with exports rising despite ongoing international trade tensions. It looks as if USD/JPY investors are using the end of Powell’s semiannual congressional testimony as an excuse to book profits after a strong rally.

  • AUD/USD and NZD/USD Fundamental Daily Forecast – Despite Solid Employment Data, RBA Not Likely to Alter Dovish Tone
    FX Empire6 hours ago

    AUD/USD and NZD/USD Fundamental Daily Forecast – Despite Solid Employment Data, RBA Not Likely to Alter Dovish Tone

    The AUD/USD is being underpinned early Thursday because at face value, today’s strong employment data is very good news. However, there are still some sticking points in the economy, namely a high level of underutilized workers and low wages. With unemployment and underemployment still comparatively high, it continues to weigh on wage pressures despite strong unemployment growth.

  • Gold Price Forecast – Gold trying to find a bottom
    FX Empire7 hours ago

    Gold Price Forecast – Gold trying to find a bottom

    Gold markets drifted a bit lower during the trading session again on Wednesday as we continue to trying to find a bit of a bottom. While the $1225 level is important, the reality is that I think there is much more support below at the $1200 level.

  • USD/JPY Price Forecast – US dollar pulls back from ¥113
    FX Empire7 hours ago

    USD/JPY Price Forecast – US dollar pulls back from ¥113

    The US dollar initially tried to rally during the day again on Wednesday but has found the ¥113 level to be a bit too expensive. That being the case, the pullback started as soon as the Americans came on board, and quite frankly I think in the end this will be a healthy sign, as we had gotten ahead of ourselves.

  • GBP/USD Price Forecast – British pound continues to drop
    FX Empire7 hours ago

    GBP/USD Price Forecast – British pound continues to drop

    With all of the drama and noise around the United Kingdom over the last couple of days, it’s not a huge surprise that the British pound has taken it on the chin. However, as we saw the Americans come to work on Wednesday, the pair was testing a major support level. The 1.30 level has been important more than once, and I think at this point if the British pound is going make some type of stand, it’s here.

  • GBP/JPY Price Forecast – drama hurts British pound yet again
    FX Empire7 hours ago

    GBP/JPY Price Forecast – drama hurts British pound yet again

    The British pound suffered again during the day on Wednesday, as political theater continues to drive where the currency is going in the short term. This market is potentially sensitive to risk, so it makes sense that the GBP/JPY pair got particularly hammered.

  • EUR/USD Price Forecast – Euro falls again for Wednesday
    FX Empire7 hours ago

    EUR/USD Price Forecast – Euro falls again for Wednesday

    The Euro fell hard to kick off the Wednesday session, reaching down to the 1.16 level as the US dollar continues to strengthen overall. With a general “risk off” attitude, the market is testing significant support in the form of a large come around, psychologically significant number as I record this.

  • AUD/USD Price Forecast – Australian dollar crashes into support
    FX Empire7 hours ago

    AUD/USD Price Forecast – Australian dollar crashes into support

    The Australian dollar fell hard during the day on Wednesday, as the US dollar strengthened around the world. We crashed into the 0.7350 level, an area that has been massive support on longer-term charts. Because of this, an opportunity may be presenting itself.

  • The Aussie Gets a Boost, as Focus Shifts to UK Retail Sales and the GBP
    FX Empire8 hours ago

    The Aussie Gets a Boost, as Focus Shifts to UK Retail Sales and the GBP

    Employment numbers give the Aussie Dollar a boost as focus shifts to today’s stats out of the UK. Another set of weak numbers and the Pound could be looking at sub-$1.30 levels, progress on Brexit doing few favors.

  • Bitcoin Rally Cools as Fed's Powell Warns of 'Significant' Risks
    Investing.com12 hours ago

    Bitcoin Rally Cools as Fed's Powell Warns of 'Significant' Risks

    Investing.com – Bitcoin reversed course Wednesday, as Federal Reserve Chairman Jerome Powell warned of "significant" investor risks of owning the popular crypto.

  • Hedge-fund manager Marc Lasry says $40,000 bitcoin is achievable
    MarketWatch14 hours ago

    Hedge-fund manager Marc Lasry says $40,000 bitcoin is achievable

    Bitcoin is in rally mode, apparently. After months in the doldrums, the No. 1 digital currency extends its gains on Wednesday after following a sharp run-up in the previous session.

  • Dollar Flat on Weak U.S. Housing Data
    Investing.com16 hours ago

    Dollar Flat on Weak U.S. Housing Data

    Investing.com – The dollar was unchanged against its rivals Wednesday as gains on the back of a slump in the pound were offset by soft U.S. economic data showing subdued housing market activity.

  • Dollar strength persists after upbeat Fed assessment of economy
    MarketWatch17 hours ago

    Dollar strength persists after upbeat Fed assessment of economy

    A popular U.S. dollar index extends its gains on Wednesday, reflecting a broad advance in the buck against its major rivals.

  • Gold Price Prediction – Gold Forms a Doji Day Following Weak Housing Data
    FX Empire17 hours ago

    Gold Price Prediction – Gold Forms a Doji Day Following Weak Housing Data

    Gold prices rebounded from session lows following the softer than expected U.S. housing starts data which knocked down the dollar and paved the way for a rebound in the yellow metal. Gold prices formed a doji day with a long tail, which is generally a sign of indecision, but the rebound shows the rejection of lower prices.  Target support is seen near the July 2017 lows at 1,204.  Resistance is seen near the 10-day moving average at 1,245. Momentum remains negative as the MACD line recently generated a crossover sell signal and the MACD histogram is printing in the red with a downward sloping trajectory which points to lower prices.

  • Gold Remains Near One-Year Low
    Investing.com18 hours ago

    Gold Remains Near One-Year Low

    Gold prices were steady near a one-year low on Wednesday as a higher dollar and comments from Federal Reserve Chair Jerome Powell continued to weigh. Comex gold futures for August delivery decreased 0.29% to $1,223.80 a troy ounce as of 10:46 AM ET (14:46 GMT). Powell reiterated the central bank should gradually increase interest rates at his hearing at Congress on Tuesday.

  • European stocks close at highest level in more than a month
    MarketWatch19 hours ago

    European stocks close at highest level in more than a month

    The pan-European equity index finish at the highest level in more than a month Wednesday, extending gains in the region to a second session amid a weakening euro and a round of well-received corporate results that fostered buying appetite.

  • Stocks - Wall Street Flat as Trade Tensions Creep In
    Investing.com19 hours ago

    Stocks - Wall Street Flat as Trade Tensions Creep In

    The S&P 500 gained a quarter of a point, or 0.01%, to 2,809.79 as of 9:37 AM ET (13:37 GMT), while the Dow decreased 10 points, or 0.04%, to 25,109.01 and the tech-heavy NASDAQ Composite was down four points, or 0.06%, to 7,850.33.