• Investing.com3 hours ago

    Gold Ends a Touch Higher Ahead of Fed

    Investing.com - Every Federal Reserve meeting is important, but the current session will probably be the most telling since the March meeting that decided this year's first rate hike. Consequently, gold traders hedged themselves on Tuesday with a slightly higher price move, awaiting the outcome.

  • Investing.com5 hours ago

    Dollar Flat as Fed Gets Two-Day Meeting Underway

    Investing.com - The U.S. dollar was flat against its rivals Tuesday as the Federal Reserve got its two-day meeting underway.

  • Dollar struggles ahead of last Fed decision of 2018; commodity currencies crash
    MarketWatch5 hours ago

    Dollar struggles ahead of last Fed decision of 2018; commodity currencies crash

    The U.S. dollar was struggling for direction on Tuesday, having clawed back some ground as the session went on after softer risk sentiment ahead of the impending Federal Reserve policy update and weaker global stocks struggled initially dragged the currency down.

  • Gold Price Prediction – Gold Test Resistance Ahead of Fed
    FX Empire6 hours ago

    Gold Price Prediction – Gold Test Resistance Ahead of Fed

    Gold prices are testing resistance levels ahead of the Fed meeting on Wednesday. While the market widely expects the Fed to raise rate by 25-basis points, it also does not see multiple rate hikes moving forward in 2019.  The 2-year yield tumbled on Tuesday by 5-basis points printing at 2.65%, which is the lowest its been since September. With the Fed moving rates to a range of 2.25 to 2.50, the markets barely have any rate hikes, and believe the Fed will begin to cut rates in 2020.

  • MarketWatch7 hours ago

    Italy reaches budget agreement with European Union: reports

    Italy's government has reached an accord with the European Union regarding its controversial budget proposal for 2019, which may avert a clash with officials of Europe's trade bloc, according to reports. Rome's draft budget proposal earlier this year drew a swift rebuke from Brussels because it would have resulted in a budget deficit of 2.4% of gross domestic product, running afoul of EU membership rules. This led to the EU launching a so-called "excessive deficit procedure" against Italy in November, and caused investors to fret about the health of the eurozone's third-largest economy and the stability of the EU more broadly.

  • Investing.com9 hours ago

    Gold Prices Hold Steady as Fed Meeting Begins

    Investing.com - Gold prices were little changed on Tuesday as traders turned their attention to this week’s Federal Reserve monetary policy meeting.

  • Investing.com9 hours ago

    U.S. Dollar Falls as Investors Wait for Fed Decision

    Investing.com - The U.S. dollar was lower on Tuesday as investors waited for news from the Federal Reserve’s latest policy meeting.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.14% to 96.41 as of 10:23 AM ET (15:23 GMT), after an overnight high of 96.63.With the Fed expected to increase rates by 25 basis points for the fourth time this year on Wednesday, investors will be watching for any new comments on possible policy changes in 2019. ...

  • Gold Price Forecast – Gold markets run into resistance
    FX Empire9 hours ago

    Gold Price Forecast – Gold markets run into resistance

    Gold markets ran into resistance during the day on Tuesday as we await the crucial Federal Reserve meeting. If there are is quite a bit of speculation out there as to what the Fed is going to do next, beyond the known interest rate hike coming. If the statement afterwards is a bit dovish though, that could get the gold market moving.

  • USD/JPY Price Forecast – US dollar tests trendline
    FX Empire9 hours ago

    USD/JPY Price Forecast – US dollar tests trendline

    The US dollar fell again during trading on Tuesday, testing a major trendline that I have been talking about for a while. Underneath that trend line, there is the 200 day moving average, and the ¥112 level. Both of those could be significant, so the next couple of days are going to be very interesting.

  • GBP/USD Price Forecast – British pound testing resistance
    FX Empire9 hours ago

    GBP/USD Price Forecast – British pound testing resistance

    The British pound has rallied significantly during the trading session on Tuesday, slamming into the psychologically and structurally important 1.27 handle. This of course is a major area of both support and resistance, so it will be interesting to see where we go next.

  • GBP/JPY Price Forecast – British pound goes back and forth
    FX Empire9 hours ago

    GBP/JPY Price Forecast – British pound goes back and forth

    The British pound went back and forth during the day on Tuesday, as we continue to have a severe lack of understanding as to where to go next. Quite frankly, rally should be looked at as an opportunity.

  • EUR/USD Price Forecast – Euro rallies into resistance
    FX Empire9 hours ago

    EUR/USD Price Forecast – Euro rallies into resistance

    The Euro tried to rally during the trading session on Tuesday, reaching towards the 1.14 handle where it failed. This isn’t much of a surprise though, as we have been compressing the overall range for several weeks.

  • AUD/USD Price Forecast – Aussie continues to struggle
    FX Empire9 hours ago

    AUD/USD Price Forecast – Aussie continues to struggle

    The Australian dollar try to rally during the day on Tuesday, but gave back most of the gains, only to turn around and show signs of weakness yet again. At this point, it’s likely that the market participants continue to sell rallies, as the US/China situation continues to dominate the market.

  • Investing.com10 hours ago

    Bitcoin Rallies Above $3,500

    Bitcoin rose 3.5% to $3,539.60 on the Investing.com Index, as of 9:07 AM ET (14:07 GMT).

  • China; No One Dictates Reform To US, EU Market Dragged Down By Energy, US Markets Stage Rebound
    FX Empire12 hours ago

    China; No One Dictates Reform To US, EU Market Dragged Down By Energy, US Markets Stage Rebound

    Asian equities slumped across the board following a massive sell-off in the US market. The US market was able to stage a significant rebound on Tuesday as all sectors move higher.

  • Investing.com13 hours ago

    Stocks - U.S. Futures Rebound with Fed in Focus

    With the Fed widely expected to deliver its fourth rate hike this year at the conclusion of its two-day meeting on Wednesday market moves will be guided by its forward guidance.

  • Investing.com14 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, December 18:

  • London markets fall, as crude oil prices reach fresh lows
    MarketWatch14 hours ago

    London markets fall, as crude oil prices reach fresh lows

    London stocks were down on Tuesday, as crude oil prices drop to a fresh low and investors wait nervously for the start of the two Federal Open Market Committee meeting

  • Is Gold Starting to Shine Again?
    FX Empire14 hours ago

    Is Gold Starting to Shine Again?

    The recovery of gold is not coming out of the blue: investor interest has grown progressively over the last few weeks and even months.

  • EUR/USD Mid-Session Technical Analysis for December 18, 2018
    FX Empire14 hours ago

    EUR/USD Mid-Session Technical Analysis for December 18, 2018

    Based on the current price at 1.1398, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the Fibonacci level at 1.1395.

  • Technical Outlook For EUR/USD, GBP/USD, USD/JPY & USD/CAD: 18.12.2018
    FX Empire14 hours ago

    Technical Outlook For EUR/USD, GBP/USD, USD/JPY & USD/CAD: 18.12.2018

    EURUSD’s U-turn from 1.1270-60 support-zone presently struggles with 50-day SMA level of 1.1395, which if broken can escalate the pair’s recovery to near-term descending trend-line resistance, at 1.1430. Should prices rally beyond 1.1430 on a daily closing basis, the 1.1490, comprising 100-day SMA, followed by 1.1530, may act as intermediate halts during the pair’s surge to 1.1620 level. In case the pair fails to surpass the 1.1395 upside barrier, the 1.1300 and the 1.1270-60 could regain market attention. However, sustained downturn beneath 1.1260 might only have 1. ...

  • Price of Gold Fundamental Daily Forecast – Powell’s Tone Will Determine Next Major Move in Gold
    FX Empire15 hours ago

    Price of Gold Fundamental Daily Forecast – Powell’s Tone Will Determine Next Major Move in Gold

    There is one problem that could arise for gold traders. It has to do with the post-meeting remarks from Fed Chair Jerome Powell. He is expected to tone down his assessment of the economy and inflation. However, by doing so, he runs the risk of coming across as too dovish.

  • USD/CAD Daily Price Forecast – USD/CAD Moves Downtrend On Retreating Dollar Ahead of US FOMC Update
    FX Empire16 hours ago

    USD/CAD Daily Price Forecast – USD/CAD Moves Downtrend On Retreating Dollar Ahead of US FOMC Update

    USDCAD continues to decline on broad based cautious investor sentiment ahead of US FOMC update but dovish crude oil price in broad market helps limit downside move of US Greenback.

  • Investing.com16 hours ago

    Dollar Slips as Fed Decision Awaited, Yen Supported

    Investing.com - The U.S. dollar slid lower against a currency basket on Tuesday ahead of this week's Federal Reserve meeting while the yen remained supported amid concerns over the outlook for global growth.