• Gold up for the Week, but Down for the Day
    Investing.com9 hours ago

    Gold up for the Week, but Down for the Day

    Investing.com - Gold prices settled a touch lower on Friday on profit-taking from recent gains, but a weaker dollar and geopolitical worries still helped bullion coast to a third weekly gain.

  • Dollar slides; euro finds footing as EU softens Italy criticism
    MarketWatch10 hours ago

    Dollar slides; euro finds footing as EU softens Italy criticism

    Foreign exchange markets reflect an improvement in risk sentiment after sluggish data on Chinese economic growth was offset by words of support Chinese authorities on Friday. Meanwhile, a European Union official sought to ease tensions with Italy over the country’s budget plans.

  • Bitcoin in the doldrums, can’t shake $6,500 range
    MarketWatch10 hours ago

    Bitcoin in the doldrums, can’t shake $6,500 range

    Major digital currency prices are trading at or near Thursday’s closing levels, continuing a trend that’s held most coins inside tight ranges over the last four sessions. Bitcoin, the world’s largest digital currency, was last changing hands at $6,436.28, down 0.2% since Thursday’s level at 5 p.m. Eastern Time on the Kraken exchange. After rising more than 10% earlier in the week, bitcoin (BTCUSD) has gone back and forth between $6,300 and $6,500 lacking any real direction.

  • FTSE 100 bucks weaker European trend to end higher as oil companies rise
    MarketWatch12 hours ago

    FTSE 100 bucks weaker European trend to end higher as oil companies rise

    The U.K.’s main equity index finish higher for the day and week on Friday, pushing aside weakness across global markets and tensions surrounding the Italian budget.

  • U.S. Dollar Falls as Euro, Bond Yields Rise
    Investing.com12 hours ago

    U.S. Dollar Falls as Euro, Bond Yields Rise

    Investing.com - The U.S. dollar was lower on Friday as bond yields continued to hold near a one-week high, while the euro was higher.The U.S. dollar index, which tracks the greenback against a basket of other currencies, fell 0.13% to 95.60 as of 10:57 AM ET (14:57 GMT).Treasury yields were higher, with the United States 10-Year note at 3.192%, not far from a one-week high of 3.211% on Thursday. Bond yields rose after hawkish Fed minutes on Wednesday showed the central bank's conviction in gradually increasing interest rates in December and beyond. ...

  • Stocks - Wall Street Rallies on Strong Earnings Results
    Investing.com13 hours ago

    Stocks - Wall Street Rallies on Strong Earnings Results

    Investing.com - The Dow rebounded on Friday as Procter & Gamble posted stronger-than-expected earnings results, ending a week of volatile trading on Wall Street.The S&P 500 rose 13 points, or 0.47%, to 2,781.88 as of 9:38 AM ET (13:38 GMT), while the Dow increased 102 points, or 0.41%, to 25,482.37 and the tech-heavy Nasdaq Composite was up 53 points, or 0.72%, to 7,538.93.P&G (NYSE:PG) was up 6.24% after the consumer goods giant reported diluted earnings per share of $1.22.PayPal (NASDAQ:PYPL) was among other gainers, surging 9. ...

  • MarketWatch15 hours ago

    Italian bond yields retreat after EU Commissioner softens budget criticism

    The Italian government bond market rebounded, pulling down yields, after Pierre Moscovici, European commissioner for economic and financial affairs, appeared to soften criticism of Italy's draft budget, giving some relief to concerns of a standoff between Rome and Brussels. The 10-year Italian government bond yield fell 9.5 basis points to 3.575%, narrowing the yield spread against the German 10-year bond to around 314 basis points, or 3.14 percentage points. Bond prices move in the opposite direction of yields. The euro extended modest gains after the comments. The euro bought $1.1483, up from $1.1453 late Thursday. Moscovici said the EU would not interfere in Italy's economic policies, according to Bloomberg News. He also said he was willing to accept different views on the current budget proposal. Moscovici appeared to backtrack from a preliminary letter responding to the budget proposal on Thursday, which said Italy's draft budget law in its present form did not comply with the EU's fiscal rules.

  • Cryptos Tumble as Chipmaker Forecasts Weaker Demand for Mining Equipment
    Investing.com15 hours ago

    Cryptos Tumble as Chipmaker Forecasts Weaker Demand for Mining Equipment

    Bitcoin was down 1.67% to $6,558.40 on the Bitfinex exchange, as of 7:41 AM ET (11:41 GMT).

  • Reuters16 hours ago

    Correlation between euro, Italian bond moves at 5-year high

    The formation of Italy's anti-establishment government and its intensifying row with European Union authorities have lifted correlations between the country's bonds and the euro to the highest since 2013.

  • Stocks- U.S. Futures Rise as Investors Wait for Earnings, Data
    Investing.com16 hours ago

    Stocks- U.S. Futures Rise as Investors Wait for Earnings, Data

    Investing.com – U.S. futures were higher on Friday as investors look ahead to data and corporate earnings resultsThe S&P 500 futures rose 6 points or 0.22% to 2,778.25 as of 6:50 AM ET (10:50 GMT) while Dow futures were up 61 points, or 0.24%, to 25,442.0. Meanwhile tech heavy Nasdaq 100 futures increased 29 points, or 0.42%, to 7,167.50.All three indexes ended in the red on Thursday after weak industrial earnings. Earnings season continues on Friday, Schlumberger NV (NYSE:SLB), State Street Corp (NYSE:STT)t, and Honeywell (NYSE:HON) expected. ...

  • MarketWatch17 hours ago

    Canadian dollar dips after weaker-than-expected inflation, retail sales

    The Canadian dollar took a dive on Friday, flipping into negative territory versus its U.S. rival following economic data that missed consensus estimates. Consumer price inflation for September read 2.2% year-on-year, compared with the FactSet consensus of 2.7%. For the month, Canada actually recorded disinflation of 0.4%, versus 0.1% inflation expected. Retail sales for August also missed estimates, contracting 0.1% versus forecasts of 0.3% growth. The U.S.-Canadian dollar pair , which had spent the beginning of Friday's session in the red, turned positive following the data. One U.S. dollar last bought C$1.3103, its highest level in almost six weeks, according to FactSet. The Bank of Canada, which factors the above data points into its monetary policy decision making, is due for a policy update next week.

  • Gold Price Prediction – Gold Edges Higher as Safe Haven Needs Continue
    FX Empire18 hours ago

    Gold Price Prediction – Gold Edges Higher as Safe Haven Needs Continue

    Gold prices continued to trade sideways forming a bull flag pattern that is a pause that refreshes higher. Stronger US yields relative to Europe and Japan are buoying the dollar which is weighing on gold prices. Gold has benefited from a flight away from riskier assets during the past 2-weeks, as stock prices have traded on the defensive.  Weaker than expected Chinese economic data including GDP and Industrial production also buoyed gold prices.

  • EUR/USD Mid-Session Technical Analysis for October 19, 2018
    FX Empire18 hours ago

    EUR/USD Mid-Session Technical Analysis for October 19, 2018

    Based on the early price action, the direction of the EUR/USD is likely to be determined by trader reaction to the main bottom at 1.1432. Holding above 1.1432 will indicate the presence of counter-trend buyers. If this can generate enough upside momentum then look for a rally into the resistance cluster at 1.1498 to 1.1502.

  • Gold Prices Flat as Dollar Struggles for Direction
    Investing.com18 hours ago

    Gold Prices Flat as Dollar Struggles for Direction

    Gold prices were flat on Friday as the U.S. dollar was volatile despite expectations of another interest rate increase this year and falling equities. Comex gold futures for December delivery inched down 0.07% to $1,229.30 a troy ounce as of 4:45 AM ET (8:45 GMT), not far from an earlier session high of $1,232.70. Rising interest rates are likely remain a concern for gold prices.

  • Price of Gold Fundamental Daily Forecast – Gold Bulls Need the Dollar to Weaken, or Stocks to Plunge
    FX Empire19 hours ago

    Price of Gold Fundamental Daily Forecast – Gold Bulls Need the Dollar to Weaken, or Stocks to Plunge

    The primary market driver today is expected to be the U.S. Dollar. Rising Treasury yields and a rapidly falling Euro is helping to boost the dollar. This is helping to limit foreign demand for dollar-denominated gold.

  • Gold Prices Gain as Asian Stocks Fall on Disappointing China Data
    Investing.com21 hours ago

    Gold Prices Gain as Asian Stocks Fall on Disappointing China Data

    Investing.com - Gold prices gained on Friday as Asian stocks traded mostly lower after China reported disappointing third-quarter GDP data.

  • Yuan Little Changed After Disappointing China GDP Data
    Investing.com22 hours ago

    Yuan Little Changed After Disappointing China GDP Data

    Investing.com - The yuan was little changed on Friday after official data showed China’s third quarter GDP growth slowed more than expected.

  • NZD/USD Fundamental Daily Forecast – Reversing Earlier Weakness on China Market Rebound
    FX Empire23 hours ago

    NZD/USD Fundamental Daily Forecast – Reversing Earlier Weakness on China Market Rebound

    The direction of the NZD/USD the rest of the session on Friday is likely to be dictated by the direction of U.S. Treasury yields and U.S. equity prices. However, if U.S. stock markets recover from Thursday’s losses then look for the short-covering rally to continue. Another spike higher in U.S. Treasury yields and further weakness in the stock market will likely drag the New Zealand Dollar lower.

  • Bitcoin Fall; Russian Central Bank Says Crypto Excitement is Beginning to Cool
    Investing.comyesterday

    Bitcoin Fall; Russian Central Bank Says Crypto Excitement is Beginning to Cool

    Investing.com - Bitcoin and other major cryptocurrency prices fell on Friday as Elvira Nabiullina, the head of the Central Bank of the Russian Federation, said markets’ excitement toward virtual coins have begun to fade.

  • AUD/USD Fundamental Daily Forecast – Trader Reaction to .7101 Likely to Set the Tone on Friday
    FX Empireyesterday

    AUD/USD Fundamental Daily Forecast – Trader Reaction to .7101 Likely to Set the Tone on Friday

    There’s not much to look at from the data front. Traders will mostly be focused on risk sentiment. If risk is on, the AUD/USD could catch a bid. If risk is off and stocks fall and the dollar rises then look for pressure.

  • Asian Stocks Fall as China’s Q3 GDP Growth Misses Expectations
    Investing.comyesterday

    Asian Stocks Fall as China’s Q3 GDP Growth Misses Expectations

    Investing.com - Asian stocks fell in morning trade on Friday after official data showed China’s economy slowed more than expected in the third quarter of 2018.

  • Gold Price Forecast – Gold hangs onto gains
    FX Empireyesterday

    Gold Price Forecast – Gold hangs onto gains

    Gold markets broke out to the upside recently, and over the last couple of days we have simply grounds sideways overall and at this point I think what we are trying to do is reach the $1250 level above. That is massive resistance due to technical and psychological importance though.

  • USD/JPY Price Forecast – US dollar sideways against yen
    FX Empireyesterday

    USD/JPY Price Forecast – US dollar sideways against yen

    The US dollar has gone back and forth against the Japanese yen over the last several for our candles, as we consolidate the gains that we had recently enjoyed. It looks as if the market is ready to look for a reason to go higher though.

  • GBP/USD Price Forecast – British pound sideways against dollar
    FX Empireyesterday

    GBP/USD Price Forecast – British pound sideways against dollar

    The British pound continues to hover around the 1.31 handle against the US dollar, as we are simply sitting around in general. The market hasn’t shown much proclivity in taking off so far during the day, and I think we are simply it a bit of a holding pattern.

  • GBP/JPY Price Forecast – British pound choppy against yen on Thursday
    FX Empireyesterday

    GBP/JPY Price Forecast – British pound choppy against yen on Thursday

    The British pound continues the chop around overall against the Japanese yen during the day on Thursday, as there are a lot of moving headlines that can influence this market rather quickly.