• Dollar Advances as Upbeat U.S. Data Fuel Rate-Hike Expectations
    Investing.com1 hour ago

    Dollar Advances as Upbeat U.S. Data Fuel Rate-Hike Expectations

    Investing.com - The dollar rose against its rivals Thursday as a slew of positive U.S. economic data reaffirmed investor expectations that the Federal Reserve will continue with its glacial pace of rate hikes, despite criticism from President Donald Trump.

  • Gold Ends Higher, Takes Fed Minutes In Stride
    Investing.com1 hour ago

    Gold Ends Higher, Takes Fed Minutes In Stride

    Investing.com - Gold prices rose on Thursday as bullish investors took the Federal Reserve's latest hawkish talk in stride and targeted the $1,250 level in a bid to recapture ground lost earlier in the year.

  • ‘It’s only a matter of time’ until bitcoin breaks out, analyst says
    MarketWatch2 hours ago

    ‘It’s only a matter of time’ until bitcoin breaks out, analyst says

    Bitcoin prices traded marginally lower Thursday, continuing what’s been a subdued few sessions for the world’s largest digital currency. “It’s only a matter of time now,” said Mati Greenspan, senior market analyst at eToro, speaking about a potential breakout for bitcoin. Transactions per second is a barometer for the scalability of blockchain technology, which has been a roadblock to adoption of the distributed-ledger technology.

  • Dollar pulls higher as high-beta currencies slide
    MarketWatch2 hours ago

    Dollar pulls higher as high-beta currencies slide

    The U.S. dollar strengthened as Thursday’s session went on, leading to a softening of risk-sensitive currencies.

  • U.S. Dollar Rises as Bond Yields Increase
    Investing.com5 hours ago

    U.S. Dollar Rises as Bond Yields Increase

    Investing.com - The U.S. dollar was higher on Thursday as bond yields rose and minutes from the Federal Reserve’s September meeting supported a rate increase in December.The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.13% to 95.47 as of 10:57 AM ET (14:57 GMT).Treasury yields were higher on Thursday, with the United States 10-Year note near a one-week high of 3.211% and the 2-year note at a 10-year high. ...

  • FTSE extends decline as pound trades flat amid Brexit uncertainty
    MarketWatch5 hours ago

    FTSE extends decline as pound trades flat amid Brexit uncertainty

    The U.K.’s main equity index on Thursday trades slightly higher, benefiting partly from lackluster trade in the British pound.

  • Gold Price Prediction – Gold Moves Higher Despite Robust Jobs Data
    FX Empire6 hours ago

    Gold Price Prediction – Gold Moves Higher Despite Robust Jobs Data

    Gold prices moved higher on Thursday as US yields whipsawed initially moving higher following a stronger than expected jobless claims report.  With claims close to a 59-year low, wages should begin to move higher which is why the Fed in its meeting minutes said that it was likely to move to restrictive monetary policy. With short-term policy still somewhat accommodative, its possible that short term rates rise to 3%, which is close where the 2-year yield is currently pricing. This could buoy the dollar and in turn put downward pressure on gold prices.  Despite this scenario, yields moved lower, paving the way for higher gold prices.

  • Stocks - Wall Street Slumps as Bond Yields Rise
    Investing.com6 hours ago

    Stocks - Wall Street Slumps as Bond Yields Rise

    The S&P 500 fell 17 points, or 0.61%, to 2,792.10 as of 9:37 AM ET (13:37 GMT), while the Dow decreased 148 points, or 0.58%, to 25,558.49 and the tech-heavy Nasdaq Composite was down 49 points, or 0.65%, to 7,593.27.

  • Gold Prices Flat on Hawkish Fed Minutes
    Investing.com8 hours ago

    Gold Prices Flat on Hawkish Fed Minutes

    Gold prices were flat on Thursday as investors paused to digest the latest meeting minutes from the Federal Reserve. Comex gold futures for December delivery inched up 0.06% to $1,228.10 a troy ounce as of 8:02 AM ET (12:02 GMT). The hawkish Fed minutes showed that while the central bank had some doubts about the economy, it still planned to gradually increase interest rates in December and beyond.

  • Stocks- U.S. Futures Inch Down After Hawkish Fed Minutes
    Investing.com9 hours ago

    Stocks- U.S. Futures Inch Down After Hawkish Fed Minutes

    Investing.com – U.S. futures pointed to lower opening bell as the Federal Reserve looks poised to continue gradually increasing interest rates.The S&P 500 futures fell 9 points or 0.33% to 2,807.0 as of 6:50 AM ET (10:50 GMT) while Dow futures were down 69 points, or 0.27%, to 25,667.0. Meanwhile tech heavy Nasdaq 100 futures decreased 32 points, or 0.44%, to 7,281.0.The hawkish Fed minutes released on Thursday showed that while the central bank had some doubts about the economy, it still planned to gradually increase interest rates in December and possibly beyond. ...

  • USD/CAD Daily Price Forecast – USD/CAD  Stable Above 1.30 Handle On Hawkish FOMC Minutes Update
    FX Empire10 hours ago

    USD/CAD Daily Price Forecast – USD/CAD  Stable Above 1.30 Handle On Hawkish FOMC Minutes Update

    The USD fails to capitalize on early up-move and seemed to cap gains as Falling oil prices weigh on Loonie

  • Reuters11 hours ago

    BRIEF-Euro Holdings Updates on Material Litigation

    Oct 18 (Reuters) - Euro Holdings Bhd: * JUDGEMENT RECEIVED BY CO ON 17 OCT ALLOWED YAP CONSTRUCTION'S AMENDED CLAIM FOR 9.5 MILLION RGT, AMONG OTHERS, AGAINST CO'S UNIT Source ( https://bit.ly/2yOEc1G ...

  • Gold Trades Flat As USD Gains Upper Hand Post FOMC Update
    FX Empire11 hours ago

    Gold Trades Flat As USD Gains Upper Hand Post FOMC Update

    Gold held fort as geo-political events have lead to some risk averse activity which has kept yellow metal in spot market trading positive.

  • Dollar Dips, but Fed Minutes Keep Rate Hikes on the Table
    Investing.com11 hours ago

    Dollar Dips, but Fed Minutes Keep Rate Hikes on the Table

    Investing.com - The dollar eased from one-and-a-half week highs against a currency basket on Thursday, but remained supported as the minutes from the Federal Reserve’s September meeting indicated that it plans to push ahead with rate hikes in the coming months.

  • Pound holds steady as May seen weighing extending Brexit transition
    MarketWatch12 hours ago

    Pound holds steady as May seen weighing extending Brexit transition

    The British pound on Thursday stabilizes amid reports that U.K. Prime Minister Theresa May is considering a longer transition period within the EU as Britain attempts to break an impasse in talks to forge a new relationship with Europe’s trade bloc.

  • Price of Gold Fundamental Daily Forecast – Traders Waiting for Next Catalyst to Drive Price Action
    FX Empire12 hours ago

    Price of Gold Fundamental Daily Forecast – Traders Waiting for Next Catalyst to Drive Price Action

    Gold investors continue to receive mixed signals from a few key outside market drivers. Bullish factors for gold include stock market volatility and weakness, a falling U.S. Dollar and a drop in interest rates. Gold could feel downside pressure if demand for risk returns, rates rise and the dollar trades steady to better.

  • USDJPY, DAX and Oil after the FOMC Minutes
    FX Empire14 hours ago

    USDJPY, DAX and Oil after the FOMC Minutes

    FOMC Minutes from yesterday helped the USD to climb higher. That also negatively influenced stocks and commodities. The current price movements are in line with what we were writing about two days ago in the analysis about the USDJPY and DAX. Let’s start with the USDJPY first. The bounce from the long-term up trendline is ON and yesterday, the price managed to break the 50% Fibo, which gives us a buy signal. Today, we are testing that area as a support and we can see a bounce, which gives us a bullish confirmation.

  • Reuters14 hours ago

    Eurogroup chief says euro zone will cope with Italy's draft budget

    The euro zone has shown great resilience during the sovereign debt crisis and will be able also to cope with the draft budgetary plan of Italy, the chairman of euro zone finance ministers Mario Centeno said on Thursday. On Monday, Italy sent to the European Commission its draft budget assumptions for 2019 under which its headline budget deficit is to rise to 2.4 percent of GDP, tripling the target agreed on with the Commission by the previous government.

  • Gold Prices Slip; Dollar Firms as FOMC Meeting Minutes Point to More Rate Hikes
    Investing.com14 hours ago

    Gold Prices Slip; Dollar Firms as FOMC Meeting Minutes Point to More Rate Hikes

    Investing.com - Gold prices slipped while the dollar gained on Thursday after the minutes from the latest Federal Open Market Committee meeting reinforced expectations for tighter U.S monetary policy.

  • Investing.com15 hours ago

    Crypto Prices Mixed; Binance Partners With Chainalysis to Add Compliance Tools

    Investing.com - Cryptocurrency prices were mixed on Thursday, while Binance announced a partnership with New York-based compliance software provider Chainalysis to add compliance tools.

  • MarketWatch15 hours ago

    Brextra: U.K. Prime Minister Theresa May seen willing to extend Brexit transition, say reports

    U.K. Prime Minister Theresa May is considering a longer transition period as Britain attempts to break an impasse in talks to forge a new relationship with Europe's trade bloc. At a summit in Brussels on Wednesday, May told a 27-member panel of representatives of European Union nations that she was "ready to consider" extending a 21-month transition period following the U.K.'s exit from the EU at the end of March, according to reports in The Guardian on Thursday. The move is viewed as a conciliatory tactic by May as she attempts to navigate tense talks with EU officials following a closely watched dinner meeting in Brussels, which was referred to by European Council President Donald Tusk earlier in the week as May's "moment of truth." Fears that the U.K. was on the brink of severing its customs and trade partnership with the EU without a clear trade deal in place, have threatened to stoke volatility in domestic markets, if not ripple globally. A decision to delay the Brexit transition could see Britons abiding under EU rules until 2021 or longer. The Brextra time, as some critics have referred to it, has stoked anger among hardline constituents who had advocated for a May to follow through with Brexit and were against maintaining EU ties for longer. For months, the EU and U.K. have been at loggerheads over specifically over the issue of trade between the Republic of Ireland and the U.K.'s Northern Ireland. The British pound was at $1.3110, little changed against the U.S. dollar, compared with $1.3114 late Wednesday in New York.

  • Yuan Slips as U.S. Declines to Label China a Currency Manipulator
    Investing.com15 hours ago

    Yuan Slips as U.S. Declines to Label China a Currency Manipulator

    Investing.com - The Chinese yuan slipped against the dollar on Thursday as the U.S. held off from labeling China as a currency manipulator.

  • GBP/USD Daily Price Forecast – GBP/USD Turned Dovish Post FOMC Update amid Brexit Uncertainty
    FX Empire15 hours ago

    GBP/USD Daily Price Forecast – GBP/USD Turned Dovish Post FOMC Update amid Brexit Uncertainty

    Hawkish Fed minutes and Brexit uncertainty indicate the path of least resistance for GBP is on the downside.

  • EUR/USD Daily Price Forecast – EUR/USD Moved Below 1.15 Handle Post FOMC Update
    FX Empire16 hours ago

    EUR/USD Daily Price Forecast – EUR/USD Moved Below 1.15 Handle Post FOMC Update

    The Euro is flatlining in early Thursday trading after a rough and tumble post-FOMC Wednesday. Wednesday was dollar’s day, with the American currency strengthening against all of its major rivals since London trading hours.

  • Gold Price Forecast – Gold markets continue to grind sideways
    FX Empire19 hours ago

    Gold Price Forecast – Gold markets continue to grind sideways

    Gold markets went sideways during the trading session on Wednesday, as we continue to dance around high levels. After breaking above the $1220 level, we have seen a lot of sideways action as traders trying to digest the recent gains.