- MarketWatch•20 minutes ago
Turkish lira weakens anew; haven currencies gain on rising political tensions
Haven currencies like the Japanese yen gain on Tuesday in response to geopolitical headlines troubling investors.
- MarketWatch•2 hours ago
Italy is ‘the No. 1 risk factor in the fourth quarter’ for European investments
Italy’s quarrel with the European Union is eroding faith in European assets, says Alessio de Longis, a portfolio manager at OppenheimerFunds.
- Investing.com•4 hours ago
Gold Prices Rally to 3-Month High in Risk-off Trade
Investing.com - Gold prices rallied to a three-month high on Tuesday, as a slew of geopolitical and economic concerns soured sentiment, prompting investors to flock to safe-haven assets.
- MarketWatch•5 hours ago
European Commission rejects Italy's 2019 budget plan
The European Commission on Tuesday rejected Italy's proposed 2019 budget, news reports said, a move that threatens to heighten a dispute between the European Union and Italy's populist government over European Union fiscal rules. The commission, which is the executive body of the European Union, gave Italy three weeks to come up with a new proposal, but Italy Prime Minister Giuseppe Conte previously said there was no "Plan B," according to Bloomberg. Italy has targeted a deficit equal to 2.4% of gross domestic product in 2019, triple the previous government's plans. Italian government bonds weakened after the decision, with the yield on the 10-year bond up 10.7 basis points to 3.584%. The euro was off slightly versus the dollar at $1.1457.
Reuters•5 hours agoEuro zone consumer sentiment rises slightly in October
BRUSSELS (Reuters) - Euro zone consumer sentiment rose slightly in October, against expectations of a decline, according to figures released on Tuesday. The European Commission said a flash estimate showed ...
- MarketWatch•6 hours ago
Bitcoin drifts lower, but takes back seat to global equity weakness
Bitcoin prices are trading lower Tuesday on light volumes as market watchers have their eyes on the global equity moves.
- Investing.com•6 hours ago
Stocks - Dow Futures Point to Triple-Digit Drop Amid Global Selloff
Investing.com - U.S. futures pointed to sharp declines at the open Tuesday as a raft of geopolitical and economic concerns soured sentiment for global equities and investors awaited a slew of blue-chip earnings.
- FX Empire•7 hours ago
Equities Sink On Global Tensions, VIX Jumps 20%; Earnings Still In Focus
Global stocks continue to fall on Tuesday. Asian markets were down the most and the European markets were down an average -1.0% to -2.0% at mid-day. VIX, the fear index jumps more than 20%.
- Investing.com•7 hours ago
Top 5 Things to Know in The Market on Tuesday
Investing.com - Here are the top five things you need to know in financial markets on Tuesday, October 23:
- FX Empire•8 hours ago
How to Trade the CAD Ahead of the BOC Meeting?
The Bank of Canada will release the interest rate on October 24, the market is looking for a rate hike. Let’s consider currency pairs that will be affected by the decision of the BOC the most.
- FX Empire•8 hours ago
USD/CAD Daily Price Forecast – USD/CAD Limits Downside Move on Softer Crude Oil Price As Investors Focus on BOC Rate Decision
Fresh selling in Oil caps the downside, as the focus shifts to the BOC rate hike plans.
- Investing.com•8 hours ago
Yen Strengthens In Risk-Off Trade as Geopolitical Risks Weigh
Investing.com - The yen strengthened on Tuesday as a slew of geopolitical risk factors bolstered safe haven demand for the Japanese currency, while the dollar dipped against a currency basket.
- FX Empire•10 hours ago
EUR/USD Countertrend Move Possible at 1.1430
The EUR/USD has formed a regular bullish divergence straight at D L3 and H4 Lower Band. We might see a countertrend move if the zone holds tight.
- FX Empire•11 hours ago
Gold shines again! USDJPY and GBPUSD on the back foot
The first video from our Analytical team this week starts with the analysis of the Gold, where we do have a new buy signal as we speak. The price eventually broke the upper line of the pennant and went higher. The second instrument is the USDJPY, which wasted a great chance for a buy signal.
- FX Empire•11 hours ago
Global Stocks Trade Lower as World Markets Quickly Shaken Off the Positive Sentiment
Global stock markets trade lower on Tuesday morning as the Chinese rally fades and on increased geopolitical tensions.
- Investing.com•11 hours ago
Gold Prices Edge Up Amidst Weakening Asian Shares
Investing.com - Gold prices inched up on Tuesday morning in Asia as Asian stock markets fell amidst escalating geopolitical tensions over the killing of journalist Jamal Khashoggi and concerns over Italy’s budget.
- FX Empire•11 hours ago
Price of Gold Fundamental Daily Forecast – Stock Market Weakness, Volatility Will Feed Rally
After consolidating in a tight range for over a week, gold is finally breaking out to the upside early Tuesday. The size of the rally today will likely be determined by the volatility and the direction of U.S. equity markets as well as whether the breakout is being fueled by short-covering, new buying or a combination of the two.
- Investing.com•11 hours ago
Yen Gains on Safe-Haven Demand; Dollar Also Rises
Investing.com - The Japanese yen, a safe haven in uncertain times, firmed against the dollar on Tuesday amid further political uncertainty in Europe over Italy’s spending plans. The U.S. dollar index also rose.
- FX Empire•12 hours ago
Precious Metals Edge Up On Increasing Tensions Over Multiple Geo-Political Issues
Geopolitical tensions are escalatinggeopoliticaland that has brought safe-haven buying resulting positive price action in both gold and silver despite broad-based firm USD in global markets.
- FX Empire•12 hours ago
Commodities Daily Forecast – October 23, 2018
The gold prices pulled back slightly during the Monday’s session, as strength in the USD is keeping the market under pressure. The silver prices fell during yesterday’s session due to overall weakness in the currency as well as the commodity market. The crude prices fell during yesterday’s session reaching down to the $68.50 level, as it is trying to find some support.
- FX Empire•12 hours ago
Forex Daily Outlook – October 23, 2018
Right now, the pair has breached the important support level at 1.15 level and hovering just above the 1.1450 level which is also a strong support. The pair has breached the important support level of 1.30 and is currently trading around the 1.2950 level. The 0.71 and 0.70 level underneath are strong support points of the market and a breach could be extremely negative.
- FX Empire•13 hours ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Risk-Off Trade Pressuring Aussie, Kiwi
Demand for risky assets will drive the price action on Tuesday. Currently, it looks like it is going to be a risk-off session, which means lower demand for the higher-yielding Australian and New Zealand Dollars.
- FX Empire•13 hours ago
GBP/USD Daily Price Forecast – GBP/USD Turns Dovish on Brexit Woes as Tory Eurosceptics Plan to Make EU’s Northern Ireland Backstop Illegal.
Cable traders are getting pushed to the ropes as months of Brexit grandstanding and headline driving looks set to fall apart while a thin economic docket for the day will see Brexit coverage remain front and center.
- FX Empire•13 hours ago
USD/JPY Fundamental Daily Forecast – Safe-Haven Buying Driving Japanese Yen Higher
Look for downside pressure today if investors continue to look for protection in the Japanese Yen. A risk-off trading session could drive the USD/JPY into a series of retracement levels at 112.480, 112.175 and 111.984.
- FX Empire•13 hours ago
EUR/USD Daily Price Forecast – EUR/USD Turns Dovish on Increase in Selling Activity & Spike in USD Demand
The EUR will likely pick up a bid if the Italy-German yield spread narrows sharply.
