British Prime Minister Theresa May said today that the EU and the UK are at an "impasse" in talks over Brexit. The Pound sank. Yahoo Finance's Dion Rabouin and Seana Smith talk with HSBC's Jose Rasco about Brexit, the dollar and where markets and the U.S. economy are headed.
Investing.com - Litecoin was trading at $60.893 by 15:10 (19:10 GMT) on the Investing.com Index on Friday, up 11.16% on the day. It was the largest one-day percentage gain since August 17.
Investing.com - Metal prices were in rally mode Friday as copper hit 12-week highs, shrugging off a strong dollar on easing trade war fears, though analysts warned downside momentum could resume.
Bitcoin and major digital currencies surge higher on Friday, putting most digital currencies on course for back-to-back winning weeks.
Investing.com - The dollar rose against its rivals on Friday, as investors reined in appetite for emerging-market currencies, while the pound racked up losses as the UK and EU reached an "impasse," on a post-Brexit deal.
Prices attempted to break out but seller came in pushing the yellow metal lower. A weaker than expected EU PMI report for September reversed the upward momentum in the Euro and allowed the dollar to gain traction. Gold prices attempted to test resistance but failed near the 50-day moving average at 1,206.
Investors consider the health of Italy’s finances a major threat to the euro, so all eyes are on next week’s Italian budget proposal.
The Australian dollar was lower, with AUD/USD down 0.16% to 0.7280. Meanwhile NZD/USD jumped 1.04% to 0.6679 after Moody's reaffirmed the country’s AAA rating.
The U.S. dollar strengthens in Friday trading but still looks at its worst weekly performance in a month, while the British pound is pushed sharply lower after Prime Minister Theresa May spoke of the possibility of a “no-deal” Brexit.
Investing.com - Gold prices headed lower on Friday as a stronger dollar dented demand for the precious metal, but it was still on track for its first weekly climb in four as investors recentered their attention on the Federal Reserve.
In commodities, gold futures inched down 0.75% to $1,202.20 a troy ounce, while crude oil futures jumped 1.21% to $71.17 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rallied 0.37% to 93.82.
Even after clearing six-week old descending trend-line, the AUDUSD presently struggles with an intermediate resistance-line, at 0.7300, in order to justify its strength. If the pair reverses from said barrier, the 0.7260, the 0.7245 and the 0.7230 are likely following supports to gain market attention. However, an upward slanting TL, at 0.7210 now, could confine the pair’s downside past-0.7230, if not then the 0.7160, the 0.7130 and the 0.7080 become important to watch. Alternatively, an upside break of 0.7300 can propel prices to 0.7330 and to the 0.7370 prior to highlighting 0. ...
Europe stocks finished the week with its best performance since late March on Friday as financials and major oil companies do the heavy lifting.