• Gold / Silver / Copper Prices - Weekly Outlook: June 25 - 29
    Investing.com8 hours ago

    Gold / Silver / Copper Prices - Weekly Outlook: June 25 - 29

    Investing.com - Gold looks likely to remain vulnerable amid worries over higher U.S. interest rates boosting Treasury yields, after the yellow metal registered a second weekly decline last week, ending close to its lowest levels since December.

  • Investing.com9 hours ago

    Weekly Outlook: June 25 - 29

    Investing.com - U.S. inflation data will be in focus this week with the Federal Reserve having already flagged four interest rate hikes this year. The Fed’s preferred inflation measure; the core PCE price index is due on Friday.

  • Crude Oil Rally Drives Commodity-Linked Currencies Higher, Pressuring Greenback
    FX Empire15 hours ago

    Crude Oil Rally Drives Commodity-Linked Currencies Higher, Pressuring Greenback

    The Greenback rallied early last week against a basket of currencies as traders bet on an escalating trade war forcing inflation up in the U.S. because of costlier imports, raising the prospect of more interest rate hikes.

  • Gold Price Futures (GC) Technical Analysis – Continuation of Downside Momentum Could Lead to Test of $1251.90
    FX Empire16 hours ago

    Gold Price Futures (GC) Technical Analysis – Continuation of Downside Momentum Could Lead to Test of $1251.90

    Based on last week’s price action and the close at $1270.70, the direction of the August Comex Gold market is likely to be determined by trader reaction to the uptrending Gann angle at $1265.90. Gold’s weakness is really no surprise with the U.S. Dollar near an 11-month high.

  • AUD/USD Forex Technical Analysis – Finishes Week Strong After Testing 13-Month Low
    FX Empire23 hours ago

    AUD/USD Forex Technical Analysis – Finishes Week Strong After Testing 13-Month Low

    Based on last week’s close at .7440, the direction of the AUD/USD this week is likely to be determined by trader reaction to the downtrending Weekly Gann angle at .7412. Traders should treat the Gann angle at .7412 like a pivot all week.

  • Gold Weekly Price Forecast – Gold markets continue of negativity during the week
    FX Empire2 days ago

    Gold Weekly Price Forecast – Gold markets continue of negativity during the week

    Gold markets fell during the week, breaking down towards the $1260 level before bouncing. However, we still have a significant amount of negativity ahead of us from what we can see, as the uptrend line being broken was a big deal. If we do get a rally from here, it could be a selling opportunity.

  • USD/JPY Weekly Price Forecast – US dollar continues to chop against the Japanese yen
    FX Empire2 days ago

    USD/JPY Weekly Price Forecast – US dollar continues to chop against the Japanese yen

    The US dollar went back and forth during the course of the week against the Japanese yen, as it is one of the most volatile pairs when it comes to reacting to the trade war noise that we continue to see between the United States and China. I think that continues to be the case, and of course structurally it looks very noisy just above as well.

  • GBP/USD Weekly Price Forecast – British pound shows resiliency during the week
    FX Empire2 days ago

    GBP/USD Weekly Price Forecast – British pound shows resiliency during the week

    The British pound initially spent most of the week falling but found enough support near the 1.32 level after initially breaking it to form a massive hammer. When you look at the weekly chart, this is clearly an area where the buyers need to come in and take over to keep the uptrend going.

  • GBP/JPY Weekly Price Forecast – British pound finds support against Japanese yen again
    FX Empire2 days ago

    GBP/JPY Weekly Price Forecast – British pound finds support against Japanese yen again

    The British pound initially fell during the week but found enough support near the ¥145 level to turn things around of form a hammer. The hammer of course is a bullish sign, and it is preceded by hammer a couple of weeks ago, which has been formed around the ¥145 level again.

  • EUR/USD Weekly Price Forecast – Euro shows resiliency at major support level
    FX Empire2 days ago

    EUR/USD Weekly Price Forecast – Euro shows resiliency at major support level

    The Euro rallied significantly after initially reaching towards the 1.15 level during the week and find plenty of buying opportunities. The 1.15 level has been very important in the past, as it was resistance for a couple of years. The fact that we found support here is somewhat bullish, as it was necessary to keep the market afloat after the initial surge.

  • AUD/USD Weekly Price Forecast – Australian dollar finds support
    FX Empire2 days ago

    AUD/USD Weekly Price Forecast – Australian dollar finds support

    The Aussie dollar initially pulled back during the week but found enough support to turn around of form a nice-looking hammer. We are currently below the 0.75 level, an area that could cause a bit of resistance, so it’s not quite ready to fire off a bullish signal yet.

  • Gold Price Forecast – Gold sideways on Friday
    FX Empire2 days ago

    Gold Price Forecast – Gold sideways on Friday

    Gold markets were very quiet during the day on Friday, in a bid to perhaps try to build a bit of confidence in this market. The US dollar has softened a little bit, so that of course helps the Gold markets overall.

  • USD/JPY Price Forecast – US dollar rallies against yen
    FX Empire2 days ago

    USD/JPY Price Forecast – US dollar rallies against yen

    The US dollar rallied rather significantly overnight against the Japanese yen, slamming into the ¥110.20 level. The market continues to find buyers in the range of the ¥110 level, and at this point I think this market continues to be very volatile, but if you are short-term trader, this could be exactly where you wish to play.

  • GBP/USD Price Forecast – British pound rallies against US dollar
    FX Empire2 days ago

    GBP/USD Price Forecast – British pound rallies against US dollar

    The British pound rallied quite nicely against the US dollar during the day on Friday, breaking above the 1.3250 level. By making a fresh, new high, it is a good sign, but at this point there is a significant amount of resistance above as well. Ultimately, we have a lot of work to do if we are going to turn things around.

  • GBP/JPY Price Forecast – British pound climbs higher during Friday session
    FX Empire2 days ago

    GBP/JPY Price Forecast – British pound climbs higher during Friday session

    The British pound rallied a bit during the day on Friday, as we have broken cleanly above the ¥146 level. There is still a significant amount of noise just above, so any move to the upside is going to be very choppy to say the least. However, it does look as if we are making an argument for higher levels.

  • EUR/USD Price Forecast – Euro rallied significant during Friday session
    FX Empire2 days ago

    EUR/USD Price Forecast – Euro rallied significant during Friday session

    The Euro has had a very bullish session on Friday, breaking above the 1.16 level significantly, and it looks as if the market continues to trying to recover from the mass selloff that we have seen after the ECB suggested that it was at least a year away from hiking interest rates.

  • AUD/USD Price Forecast – Australian dollar rallies significantly on Friday
    FX Empire2 days ago

    AUD/USD Price Forecast – Australian dollar rallies significantly on Friday

    The Australian dollar has rallied rather significantly against the US dollar during trading on Friday, slicing above the 0.74 level. Because of this, I think that we are going to continue to see some upward pressure in this market, as we have formed a “W pattern” on the hourly chart, which of course is very bullish. However, the market seems to have a bit of a ceiling above, so although I see a buying opportunity, it is probably short term.

  • Top 5 Things That Moved Markets This Past Week
    Investing.com2 days ago

    Top 5 Things That Moved Markets This Past Week

    Investing.com – Top 5 things that rocked U.S. markets this week

  • Investing.com2 days ago

    Gold Prices Set for Second Weekly Slump Despite Dollar's Dash Lower

    Investing.com – Gold prices remained close to their lowest level this year as a weaker dollar failed to stoke appetite for the yellow metal.

  • Reuters2 days ago

    Euro is here to stay - German finance minister

    The euro is irreversible, German Finance Minister Olaf Scholz said in a newspaper interview to be published on Saturday when asked if the single currency will still be there in 10 years. "Yes, the euro is irreversible," Scholz told the Rheinische Post. "With the Meseberg agreements we are further building the house of Europe," he said.

  • Investing.com2 days ago

    Euro Rebound Looks Set to Spoil Dollar's Week

    Investing.com – The U.S. dollar was on track to post a weekly loss against its rivals as mixed U.S. economic data weighed on sentiment and ongoing euro strength curbed upside momentum.

  • MarketWatch2 days ago

    U.S. dollar heads for weekly loss after hitting 1-year high against Canadian counterpart

    The U.S. dollar rallied to its best level in a year against its Canadian rival Friday morning, thanks to sluggish Canadian economic data that underlined the fragility of Canada’s economy. The ICE U.S. Dollar Index (IFUS:DX-Y.NYB) meanwhile, was down 0.2% at 94.535. Friday morning’s Canadian data showed May inflation at 0.05%, underperforming the forecast of 0.5%, while core inflation slowed to 1.9% for the 12 months ended in May, from 2.1% previously.

  • Euro gains on growth data, Italian assurances to stay put
    Reuters2 days ago

    Euro gains on growth data, Italian assurances to stay put

    By Richard Leong NEW YORK (Reuters) - The euro climbed on Friday as traders were encouraged by improved regional economic growth data and new assurances by Italian politicians that their nation would not leave the single currency. The euro registered a weekly gain of nearly 0.5 percent against the dollar, reversing the prior week's 1.35 percent drop tied to the European Central Bank's hint it would hold interest rates through the summer of 2019. The euro's advance, together with a rebound in commodity-linked and emerging market currencies, pressured the dollar which ended lower on the week.

  • Forex- Euro Remains Higher, as Dollar Inches Down
    Investing.com2 days ago

    Forex- Euro Remains Higher, as Dollar Inches Down

    The euro remained higher on Friday, as the U.S. dollar fell and trade concerns lingered. EUR/USD rose 0.26% to 1.1633 as of 11:24 AM ET (15:24 GMT) after French and German business activity in June came in higher than expected, easing concerns of a slowdown in the eurozone. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.19% to 94.36.

  • Gold Remains Flat as Dollar Falls
    Investing.com2 days ago

    Gold Remains Flat as Dollar Falls

    Gold prices were modestly higher on Friday but remained at a six-month low as the dollar fell and trade tensions waned. Comex gold futures for August delivery were up 0.02% to $1,270.80 a troy ounce as of 10:31 AM ET (14:31 GMT). Tensions between the U.S. and its allies remained on the back of investors minds, as the European Union imposed tariffs on about $3.4 billion of U.S. imports on Friday, including motorcycles, jeans, and whiskey.