• Reuters1 hour ago

    Indian rice prices ease to lowest in a year as rupee slides

    Rice prices in India fell for the third straight week to their lowest level in a year as the rupee slipped to a 16-month low, while markets in other top exporters remained relatively muted. "Indian rice is very competitive compared to supplies from Thailand and Vietnam. Rice prices in the country, which emerged as a major importer in 2017 after floods damaged its crops, jumped around 40 percent last year due to depleting stocks, forcing the government to seek supplies from Asian countries like India, Thailand and Vietnam.

  • Gold Prices Move Higher as Weaker Dollar, Trade Worries Support Demand
    Investing.com1 hour ago

    Gold Prices Move Higher as Weaker Dollar, Trade Worries Support Demand

    Investing.com - Gold prices moved higher as a weaker dollar and U.S.-China trade concerns continued to support demand for the safe haven precious medal.

  • MarketWatch2 hours ago

    Dollar pulls back from 2018 high as traders eye threat of fresh tariffs

    The U.S. dollar declined on Thursday, pulling back from a 2018 high on renewed trade-war jitters after the Trump administration said it was investigating whether to slap import tariffs on cars. The ICE U.S. Dollar Index (IFUS:DX-Y.NYB) dropped 0.2% to 93.785, after rising to its highest level since mid-December on Wednesday.

  • Forex- Sterling Surges on Retail Data
    Investing.com2 hours ago

    Forex- Sterling Surges on Retail Data

    Investing.com - Sterling was higher on Thursday after UK retail sales came in higher than expected, boosting confidence in the economy.UK retail sales rose 1.6% in April, compared to expectations for a 0.1% gain, the Office for National Statistics reported. The unexpected increase indicates consumer confidence in the UK economy, despite political uncertainty surrounding Brexit.GBP/USD surged 0.46% to a one-day high of 1.3410 as of 4:43 AM ET (8:43 GMT).The euro was also higher, but was held back by economic and political worries in Europe. ...

  • MarketWatch2 hours ago

    Italy delivers a ‘worst-case scenario’ — but here’s what’s reassuring investors

    Before Italy’s general election in March, strategists said the worst-case scenario for equity markets would be an anti-establishment coalition government. Giuseppe Conte is on track to become the new prime minister, with a pair of populist parties — the 5 Star Movement and the League — picking the little-known law professor as a compromise candidate to head their coalition. The new government represents “the worst-case scenario,” with its plans worrying investors, but there are some reassuring factors, said Seema Shah, an investment strategist at Principal Global Investors.

  • Euro up on China support as dollar surge loses momentum
    Reuters6 hours ago

    Euro up on China support as dollar surge loses momentum

    By Tom Finn LONDON (Reuters) - The euro rose off a six-month low on Thursday as China signaled its confidence in the single currency but concerns over an economic slowdown in Europe and political risks in Italy continued to act as a brake. The euro is set to slump for a sixth consecutive week against the dollar -- the longest weekly losing streak since January 2015 -- hobbled by worries over a deepening economic slowdown in the currency bloc. On Thursday China's Premier Li Keqiang said China was a long-term and responsible investor in the euro and hoped the currency would be strong and steady in spite of the occasional sovereign debt crisis in Europe.

  • Forex – Dollar Drops Amid Risk Aversion  
    Investing.com6 hours ago

    Forex – Dollar Drops Amid Risk Aversion  

    Investing.com –  The dollar slid against major Asian currencies Thursday morning after climbing overnight to a fresh high for the year. Without any key economic data in the region, investors focused on political events that clouded the market outlook. As risk appetite soured, the safe-haven yen was sent higher.

  • Gold Prices Gain Amid Uncertainty Over U.S.-China Trade Talks
    Investing.com6 hours ago

    Gold Prices Gain Amid Uncertainty Over U.S.-China Trade Talks

    Investing.com – Gold prices rose on Thursday as uncertainty over the trade talks between the U.S. and China supported gold’s safe-haven demand.

  • Bitcoin Prices Fall as India Considers 18% Crypto Tax
    Investing.com6 hours ago

    Bitcoin Prices Fall as India Considers 18% Crypto Tax

    Investing.com – Bitcoin prices fell on Thursday amid reports that India is proposing a crypto tax in the form of the Goods and Services Tax (GST).

  • USD/JPY Fundamental Daily Forecast – Pressured by Dovish Fed Minutes, New Trade War Talk
    FX Empire6 hours ago

    USD/JPY Fundamental Daily Forecast – Pressured by Dovish Fed Minutes, New Trade War Talk

    Talk that U.S. President Donald Trump proposed looking into imposing new tariffs on imported cars is also pressuring the U.S. Dollar early Thursday.

  • USDCAD Tumbles Down Post Dovish Crude Oil Inventory Update
    FX Empire7 hours ago

    USDCAD Tumbles Down Post Dovish Crude Oil Inventory Update

    The USDCAD is getting pushed around by the fluctuations in the strength of the dollar and oil

  • AUD/USD and NZD/USD Fundamental Daily Forecast – Lower Treasury Yields Will Be Supportive
    FX Empire7 hours ago

    AUD/USD and NZD/USD Fundamental Daily Forecast – Lower Treasury Yields Will Be Supportive

    The Fed’s soft tone in its minutes could continue to underpin the AUD/USD and NZD/USD on Thursday. The minutes sent a clear message to investors that the Fed won’t be too aggressive on any uptick in inflation beyond the 2 percent level. This essentially means that the Fed will stick with its plan for at least two more times in 2018 and its strategy of raising interest rates gradually.

  • GBPUSD Hits 5 Month Low Post Bearish Inflation Data
    FX Empire7 hours ago

    GBPUSD Hits 5 Month Low Post Bearish Inflation Data

    The GBPUSD is under pressure from dollar strength and pound weakness

  • EURUSD Hits New Lows Post Bearish Eurozone PMI Data
    FX Empire7 hours ago

    EURUSD Hits New Lows Post Bearish Eurozone PMI Data

    The pair continues to move lower on bad data

  • UK Retail Sales, Carney and ECB Minutes Put the GBP and EUR in Focus
    FX Empire9 hours ago

    UK Retail Sales, Carney and ECB Minutes Put the GBP and EUR in Focus

    The FOMC minutes may have eased demand for the Dollar, but with UK retail sales figures, Carney and the ECB’s monetary policy minutes in focus today, it could all swing back in the Dollar’s favor.

  • Gold markets have been very noisy during Wednesday
    FX Empire9 hours ago

    Gold markets have been very noisy during Wednesday

    Gold markets have gone back and forth during the trading session on Wednesday, as we have bounced to and fro, using the $1300 level as resistance. The Gold markets will continue to struggle under the strengthening US dollar, and of course the geopolitical concerns.

  • US dollar falls significantly against Japanese yen
    FX Empire9 hours ago

    US dollar falls significantly against Japanese yen

    The US dollar fell significantly during the trading session on Wednesday, as the Japanese yen gained strength after Donald Trump suggested that perhaps talks with North Korea may not be as fruitful as people are hoping, and of course the conversation with China may not be fruitful.

  • US dollar rallied significantly against the Canadian dollar into resistance
    FX Empire9 hours ago

    US dollar rallied significantly against the Canadian dollar into resistance

    The US dollar rose significantly against the Canadian dollar during the trading session on Wednesday, reaching towards the 1.29 level above. That’s an area that has been resistance more than once, and it appears that the range continues to hold.

  • New Zealand dollar slices around during the Wednesday session
    FX Empire9 hours ago

    New Zealand dollar slices around during the Wednesday session

    The Kiwi dollar was very noisy during trading on Wednesday, as we continue to dance around the 0.69 level. This is an area that is relevant to the market in the short term, but I do think that we have bigger fish to fry.

  • British pound breaks down on Wednesday
    FX Empire9 hours ago

    British pound breaks down on Wednesday

    The British pound broke down significantly during the day on Wednesday, slicing below the 1.34 level, and driving much lower as well. I believe that the market does continue to go much lower than that, and I think at this point it’s very likely that rallies will invite more selling, as the pair simply cannot find its footing and we have broken down below a major trend line recently.

  • British pound breaks through major uptrend line against Japanese yen
    FX Empire9 hours ago

    British pound breaks through major uptrend line against Japanese yen

    The British pound has broken down through a major uptrend line during the day on Wednesday against the Japanese yen, has bounced to test that support level for resistance, but then started to roll over again.

  • Euro falls again during Wednesday session
    FX Empire9 hours ago

    Euro falls again during Wednesday session

    The Euro fell significantly during the trading session on Wednesday, breaking below the 1.17 handle. The market looks likely to continue to go to the downside, as the Euro has fallen apart in general. There are a lot of concerns in the European Union, not the least of which of course would be the Italian situation.

  • EUR/GBP has a very noisy session on Wednesday, testing the resistance
    FX Empire9 hours ago

    EUR/GBP has a very noisy session on Wednesday, testing the resistance

    The EUR/GBP pair was very noisy during trading on Wednesday, testing the vital 0.88 level for resistance. I believe that the market continues to respect this level, at least in the short term as difficult condition should continue.

  • Australian dollar falls hard during Wednesday session
    FX Empire9 hours ago

    Australian dollar falls hard during Wednesday session

    The Australian dollar has fallen again during the last 24 hours, as we had recently tried to break above a significant uptrend line that should have, and in the end did, offer significant resistance. By doing so, it’s likely that the market should continue to grind lower overall, but we may get a short-term bounce as we are approaching support.

  • Investing.com14 hours ago

    Bitcoin Falls Below $8,000 as Traders Flee Cryptos

    Investing.com – Bitcoin fell below $8,000 on Wednesday as ongoing negative sentiment forced traders to abandon their bullish crypto holdings, wiping more than $30 billion off the crypto market.