• What is Brexit? And why is it proving so complicated
    MarketWatch5 hours ago

    What is Brexit? And why is it proving so complicated

    The United Kingdom is splitting from the European Union in a long, Byzantine process. Here’s what’s at stake.

  • Gold Slips, Halting 2-day Climb; $1,250 Still in Sight
    Investing.com5 hours ago

    Gold Slips, Halting 2-day Climb; $1,250 Still in Sight

    Investing.com - Gold prices fell on Wednesday after a two-day climb as a rallying dollar took some of the bullish support from the precious metal as the Federal Reserve released details from its latest policy meeting.

  • Dollar Rides Euro, Sterling Slump Higher; Fed Minutes Eyed
    Investing.com5 hours ago

    Dollar Rides Euro, Sterling Slump Higher; Fed Minutes Eyed

    Investing.com - The dollar rose against its rivals Wednesday, shrugging off soft housing market data ahead of the release of the Federal Reserve's September minutes.

  • Bitcoin rally stalls as it approaches trade above 200-day moving average
    MarketWatch6 hours ago

    Bitcoin rally stalls as it approaches trade above 200-day moving average

    CRYPTOWATCH Major cryptocurrency prices were trading marginally lower Wednesday. After rising as much as 10% on Monday, bitcoin, the world’s largest digital currency, broke out of a triangle formation, which if holds, one analyst said could point to another leg higher, testing another important level.

  • Dollar gains stick as Fed minutes point to further rate hikes
    MarketWatch7 hours ago

    Dollar gains stick as Fed minutes point to further rate hikes

    The U.S. dollar holds on to gains as minutes of the Federal Reserve’s last meeting underline expectations that interest rates have further to rise.

  • Gold Price Prediction – Soft Housing Data is Offset by Weak UK Inflation Keeping Gold Steady
    FX Empire7 hours ago

    Gold Price Prediction – Soft Housing Data is Offset by Weak UK Inflation Keeping Gold Steady

    Gold prices edged lower and continued to trade sideways forming a bull flag pattern that is a pause that refreshes. The dollar gained traction against the Euro and the Pound despite softer than expected housing starts numbers. The weaker than expected US data was countered by softer inflation data in the UK and EU.

  • U.S. Dollar Rises Ahead of Fed Minutes
    Investing.com8 hours ago

    U.S. Dollar Rises Ahead of Fed Minutes

    Investing.com - The U.S. dollar rose on Wednesday as traders waited for the latest meeting minutes from the Federal Reserve, while sterling was pushed lower over Brexit worries.The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.34% to 95.10 as of 11:07 AM ET (15:07 GMT).The meeting minutes from the Fed are released at 2:00 PM ET (18:00 GMT). The central bank took a more hawkish tone at its September meeting when it raised interest rates and dropped the word “accommodative” from its policy stance. ...

  • Stocks - Wall Street Starts Slightly Lower Ahead of Fed Minutes
    Investing.com10 hours ago

    Stocks - Wall Street Starts Slightly Lower Ahead of Fed Minutes

    The S&P 500 fell 7 points, or 0.26%, to 2,820.70 as of 9:35 AM ET (13:35 GMT), while the Dow decreased 127 points, or 0.49%, to 25,671.38 and the tech-heavy Nasdaq Composite was down 10 points, or 0.13%, to 7,635.43.

  • Gold Prices Hold Near Multi-Month Highs Ahead of Fed Minutes
    Investing.com10 hours ago

    Gold Prices Hold Near Multi-Month Highs Ahead of Fed Minutes

    Investing.com - Gold prices were largely unchanged on Wednesday, as investors looked ahead to minutes from the Federal Reserve's latest policy meeting for fresh clues into the outlook for monetary policy in the months ahead.

  • Investing.com11 hours ago

    Cryptos Mostly Flat; BTCC Launches in South Korea

    Bitcoin fell 0.72% to $6,713.50 on the Bitfinex exchange as of 8:55 AM ET (12:55 GMT).

  • Gold Price Futures (GC) Technical Analysis – October 17, 2018 Forecast
    FX Empire12 hours ago

    Gold Price Futures (GC) Technical Analysis – October 17, 2018 Forecast

    Based on the early trade, the direction of the December Comex Gold futures contract is likely to be determined by trader reaction to the Fib level at $1235.80 and the 50% level at $1222.70.

  • Stocks- U.S. Futures Fall as Investors Look Ahead to Fed Minutes
    Investing.com13 hours ago

    Stocks- U.S. Futures Fall as Investors Look Ahead to Fed Minutes

    Investing.com – U.S. futures pointed to a lower opening bell, as investors paused to digest earnings results and waited for the latest meeting minutes from the Federal Reserve.The S&P 500 futures fell 7 points or 0.27% to 2,810.25 as of 6:50 AM ET (10:50 GMT) while Dow futures were down 76 points, or 0.29%, to 25,706.0. Meanwhile tech heavy Nasdaq 100 futures decreased 19 points, or 0.26%, to 7,334.50. ...

  • USD/CAD Daily Price Forecast – USD/CAD Range Bound Above 1.295 Handle on Firm US Greenback in Broad Market
    FX Empire13 hours ago

    USD/CAD Daily Price Forecast – USD/CAD Range Bound Above 1.295 Handle on Firm US Greenback in Broad Market

    Today’s US/Canadian data might provide some impetus ahead of FOMC minutes, while a modest USD rebound helped find decent support ahead of 1.2900 handle

  • Merkel calls for stable euro zone budgets in warning shot to Italy
    Reuters14 hours ago

    Merkel calls for stable euro zone budgets in warning shot to Italy

    Euro zone countries must each ensure their budgets are stable and economies competitive, German Chancellor Angela Merkel said ahead of a European Union summit on Wednesday, as Italy weighs expansionary budget plans that risk EU rejection. Italy, the euro zone's third largest economy, has prepared an expansionary 2019 budget that sets up a showdown with authorities in Brussels over compliance with EU rules. The European Commission may reject the plans.

  • Investing.com15 hours ago

    UK Inflation Cools in September, Pound Remains Lower

    Investing.com -The annual rate of inflation in the UK rose at at the slowest pace in three months in September according to data released on Wednesday, as consumer prices were pulled down by cheaper food prices.

  • EUR/USD Mid-Session Technical Analysis for October 17, 2018
    FX Empire15 hours ago

    EUR/USD Mid-Session Technical Analysis for October 17, 2018

    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 an uptrending Gann angle at 1.1552 and the 50% level at 1.1559. Basically, look for a downside bias on a sustained move under 1.1552. An upside bias is likely to develop on a sustained move over 1.1559.

  • Dollar Edges Higher as Stock Markets Rebound
    Investing.com16 hours ago

    Dollar Edges Higher as Stock Markets Rebound

    Investing.com - The dollar edged higher against a currency basket on Wednesday, as market sentiment was boosted by strong earnings reports, dampening demand for safe haven assets.

  • Positive Spike in Equity Market Pressured Gold Bulls, US Futures Fall Ahead of the FOMC Meeting
    FX Empire17 hours ago

    Positive Spike in Equity Market Pressured Gold Bulls, US Futures Fall Ahead of the FOMC Meeting

    Gold prices edged lower on Wednesday as equities and the dollar gained amid waning risk-averse sentiment and strong reports. US Futures point to a lower open ahead of the FOMC meeting.

  • Price of Gold Fundamental Daily Forecast – Strengthens Over $1236.90, Weakens Under $1222.70
    FX Empire17 hours ago

    Price of Gold Fundamental Daily Forecast – Strengthens Over $1236.90, Weakens Under $1222.70

    Gold improved on Tuesday, but the market posted an inside move, which typically indicates investor indecision and impending volatility. Traders said the gains were related to short-covering. New longs appeared to be scarce since the rally in the equity markets forced them to re-evaluate their reasons for being long.

  • Energy drives up euro zone inflation in September, core edges lower
    Reuters17 hours ago

    Energy drives up euro zone inflation in September, core edges lower

    Euro zone inflation accelerated in September in line with market expectations, driven mainly by a spike in energy prices, but core inflation, which excludes energy and unprocessed food costs, edged lower, data showed on Wednesday. The European Union's statistics office Eurostat said consumer prices in the 19 countries sharing the euro rose 0.5 percent month-on-month in September for a 2.1 percent year-on-year rise, matching expectations of economists polled by Reuters. Energy prices were the biggest single contributor to the year-on-year gain, adding 0.9 point to the overall outcome.

  • Commodities Daily Forecast – October 17, 2018
    FX Empire18 hours ago

    Commodities Daily Forecast – October 17, 2018

    The gold market traded sideways mostly through the Tuesday’s session as it has been trying to gain some momentum. The gold prices have shown strong upside momentum in the last several sessions and pull-back under this condition will offer a nice buying opportunity. The $1220 level underneath is an excellent support point for this market and will attract a lot of buyers into the market.

  • September Inflation Numbers Hit the Pound
    FX Empire18 hours ago

    September Inflation Numbers Hit the Pound

    Inflation numbers came in softer than expected, which should ease pressure on the BoE further as the British Government attempts to garner a Brexit deal

  • Forex Daily Outlook – October 17, 2018
    FX Empire18 hours ago

    Forex Daily Outlook – October 17, 2018

    The market could witness significant buying interest around the 1.31 and 1.30 level, all which are strong support points. The 0.71 and 0.70 levels underneath are the strong support points and the market is likely to hold on the levels. The pair retraced from the 61.8% of the Fibonacci level at 111.50 level, an area which has been important in the past.

  • With ‘no-deal’ Brexit risk on the rise, analysts see uncertain path for pound
    MarketWatch18 hours ago

    With ‘no-deal’ Brexit risk on the rise, analysts see uncertain path for pound

    Market worries about a “no-deal” Brexit are on the rise again after negotiations between London and Brussels hit a hurdle last weekend. What’s it mean for British pound?

  • Global Shares Rise as Strong Reporting Has Returned Optimism to Markets
    FX Empire18 hours ago

    Global Shares Rise as Strong Reporting Has Returned Optimism to Markets

    Global stocks rise on Wednesday morning after yesterday’s strong earnings reports. Investors will focus on the Fed minutes today and China’s GDP on Friday.