• British pound hits second lowest level of 2019 as May faces stiff Brexit headwinds
    MarketWatch1 hour ago

    British pound hits second lowest level of 2019 as May faces stiff Brexit headwinds

    A popular gauge of the U.S. dollar on Wednesday hangs near its highest level in about three weeks, with investors awaiting an account of the Federal Open Market Committee’s most recent policy gathering, which holds the potential for a fresh catalyst for bucks.

  • Dutch Authorities seize crypto-mixing service Bestmixer.io
    The Block2 hours ago

    Dutch Authorities seize crypto-mixing service Bestmixer.io

    The Dutch Fiscal Information and Investigation Service in cooperation with Europol and Luxembourg authorities have seized and closed down Bestmixer.io, a large cryptocurrency mixing service.The post Dutch Authorities seize crypto-mixing service Bestmixer.io appeared first on The Block.

  • MarketWatch2 hours ago

    British pound sinks as U.K. House of Commons leader quits -- underlining May's Brexit challenge

    Andrea Leadsom, the leader of the U.K.'s House of Commons, has quit on Wednesday, amid disagreements with U.K. Prime Minister Theresa May's Brexit plan, according to reports. The defection comes as the premier has struggled to garner support for a fourth vote on her Brexit deal sometime in June, which also offers members of Parliament the option of voting on a second Brexit referendum. Leadsom is considered one candidate who could replace May. The embattled premier has already stated that she will step down sooner than later, amid an inability to get a Brexit bill passed in Parliament. The Guardian on Tuesday reported that Leadsom wouldn't accept a new Brexit plan that leaves open the possibility of a customs union --a thorny issue for Brexiters. The British pound has been under pressure against its rivals all week. Most recently, a dollar bought $1.2669, compared with $1.2706 late Tuesday. Sterling had fallen to around a four-month low amid unverified rumors of May's imminent resignations. The pound has been weakening amid the Brexit indecision because investors have been worried that recent developments could lead to a disorderly, or "hard," Brexit, an outcome that could roil domestic and international financial markets. In a tweet using a handle believed to be affiliated with Leadsom, the House of Commons leader said: "I cannot fulfill my duty as Leader of the House of tomorrow, to announce a bill with new elements that I fundamentally oppose." The Guardian reported that May has thus far resisted pressure to step down as prime minister immediately.

  • Gold Price Forecast – Gold markets sit sideways
    FX Empire5 hours ago

    Gold Price Forecast – Gold markets sit sideways

    Gold markets did very little during the trading session on Wednesday, as we await the FOMC Meeting Minutes. At this point though, it seems as if the $1275 level is going to continue to offer support, and I think that it extends down to the $1270 level.

  • USD/JPY Price Forecast – US dollar pulls back slightly
    FX Empire5 hours ago

    USD/JPY Price Forecast – US dollar pulls back slightly

    The US dollar pulled back slightly against the Japanese yen during trading on Wednesday, and that being the case it’s very likely that we are going to continue to see a bit of range bound trading. After all, we are trying to fill a major gap and at the same time there are plenty of headwinds out there that make the markets nervous.

  • GBP/USD Price Forecast – British pound falls again on Wednesday
    FX Empire5 hours ago

    GBP/USD Price Forecast – British pound falls again on Wednesday

    The British pound fell during trading on Wednesday, reaching below the 1.27 level. It now looks very likely that we are going to go looking for the next major support level underneath.

  • GBP/JPY Price Forecast – British pound drifts lower again
    FX Empire6 hours ago

    GBP/JPY Price Forecast – British pound drifts lower again

    The British pound initially tried to rally during the trading session on Wednesday, as sellers came back in above the ¥140.50 level. That being said, we are approaching the bottom of the most recent candlesticks, which of course is a very negative sign.

  • EUR/USD Price Forecast – Euro rallies slightly in continued back and forth trading
    FX Empire6 hours ago

    EUR/USD Price Forecast – Euro rallies slightly in continued back and forth trading

    The Euro went back and forth yet again during the trading session on Wednesday, as we are hanging about the 1.1150 range. There is a larger consolidation area that we are involved in, so at this point we need to pay attention to a couple of levels.

  • AUD/USD Price Forecast – Australian dollar looking for footing
    FX Empire6 hours ago

    AUD/USD Price Forecast – Australian dollar looking for footing

    The Australian dollar rallied slightly during the trading session on Wednesday, as we don’t really know what to do in this general vicinity. There seems to be a lot of back and forth between the Americans and the Chinese, but nothing market moving over the last several sessions.

  • MarketWatch6 hours ago

    Trump says he canceled infrastructure talks with Democrats over investigations

    President Donald Trump on Wednesday said he told House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer that he can't proceed with a discussion about infrastructure spending while under investigation. Trump and the Democratic leaders were scheduled to discuss building on a preliminary agreement for $2 trillion of infrastructure spending. At an unscheduled Rose Garden press conference, Trump decried the probe by Special Counsel Robert Mueller and said he had the most transparent administration in history. Earlier, Pelosi said Trump engaged in a cover up.

  • Investing.com6 hours ago

    Bitcoin Struggles to Breach $8,000 Amid Lack of Positive Catalysts

    Investing.com - Bitcoin's struggles to move meaningfully above $8,000 continued Wednesday amid a lack of positive catalysts for bulls to rally behind.

  • Why ‘under-owned’ European stocks may be due for a rally
    MarketWatch6 hours ago

    Why ‘under-owned’ European stocks may be due for a rally

    It’s been a long winter for European assets, but signs of a pickup in growth could make for good opportunities in “under-owned” European assets, says BlackRock’s Elga Bartsch.

  • Gold Flat Ahead of FOMC Minutes, Copper and Platinum Extends Losses
    FX Empire8 hours ago

    Gold Flat Ahead of FOMC Minutes, Copper and Platinum Extends Losses

    Gold and most metals are trading sideways ahead of the FOMC minutes; however, copper and platinum are extending losses big.

  • Eye Opening Currency Charts – Why Metals Are Falling
    FX Empire8 hours ago

    Eye Opening Currency Charts – Why Metals Are Falling

    The incredible strength of the US Dollar over the past 12+ months has put downward pricing pressure on Gold and Silver. I believe this downward pricing pressure could be muting any upside price advanced in Gold and Silver by as much as 20% to 30% or more.

  • MarketWatch8 hours ago

    London markets climb as end of May era looms

    LONDON MARKETS London markets struggled for direction, as U.K. Prime Minister Theresa May’s waning influence appeared to signal an end to the Brexit deadlock. How did markets perform? The U.K.’s FTSE 100 (UK:UKX) rose 0.

  • European markets slip on further worrying signals from U.S.-China trade signals
    MarketWatch8 hours ago

    European markets slip on further worrying signals from U.S.-China trade signals

    A mixed picture in developments around the two giants’ stalled negotiations leads to lower results for stocks

  • Price of Gold Fundamental Daily Forecast – Dovish Fed Minutes Could Spike Prices Higher
    FX Empire8 hours ago

    Price of Gold Fundamental Daily Forecast – Dovish Fed Minutes Could Spike Prices Higher

    Gold prices could surge today if the three main influences:  the dollar, yields and stocks, continue to trade lower. Gains could be limited if safe-haven buying supports the dollar.

  • EUR/USD Mid-Session Technical Analysis for May 22, 2019
    FX Empire9 hours ago

    EUR/USD Mid-Session Technical Analysis for May 22, 2019

    Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at 1.1157.

  • Reuters10 hours ago

    Sri Lanka stocks inch higher in thin trade; rupee weaker

    Sri Lankan shares closed slightly higher on Wednesday, extending gains into a fourth session, but trading volume slumped to a near three-week low. Most investors have shied away from the market since the April 21 bombings that killed more than 250 people. ** Sri Lanka is unlikely to hit its full-year economic growth target of 3-4% following the Easter Sunday bombings, junior finance minister Eran Wickremeratne told Reuters on Tuesday.

  • USD/CAD Daily Forecast – Loonie Spurts Down Ahead of CAD Retail Sales & FOMC Minutes
    FX Empire11 hours ago

    USD/CAD Daily Forecast – Loonie Spurts Down Ahead of CAD Retail Sales & FOMC Minutes

    Crude Prices fall to near $62.35 bbl as OPEC+ members cast contrasting comments over Oil production. Sinking USD Index drags down the Loonie to 10-days low.

  • Investing.com11 hours ago

    Pound Falls After Reports of Pressure on May to Resign

    Sterling slumped on Wednesday after reports that U.K. Prime Minister Theresa May could resign as soon as today amid Brexit chaos caused a sell-off of the pound. The U.S. is looking at similar restrictions on other companies, including Chinese video surveillance company Hikvision, according to Bloomberg and the New York Times.

  • Investing.com12 hours ago

    Stocks - Wall Street Falls as Trade War Fears Rise

    The S&P; 500 fell 9 points or 0.3% by 9:44 AM ET (13:44 GMT), while the Dow lost 90 points or 0.4% and tech-heavy Nasdaq composite was down 22 points or 0.3%.

  • Gold feels the Dollar pressure
    FX Empire13 hours ago

    Gold feels the Dollar pressure

    Current situation does not look good for the demand and in my opinion, the price of this precious metal can go significantly lower.

  • GBP/USD Daily Price Forecast – “New Improvised Deal” not finding Ground
    FX Empire13 hours ago

    GBP/USD Daily Price Forecast – “New Improvised Deal” not finding Ground

    The GBP/USD pair got hammered to its 4-months low level in the Asian trading session amid Brexit tensions. Investors look north for the UK CPI figures, hoping the pair to recover.