• Gold Price Futures (GC) Technical Analysis – Trading on Weak Side of Long-Term Fib Level at $1250.00
    FX Empire20 hours ago

    Gold Price Futures (GC) Technical Analysis – Trading on Weak Side of Long-Term Fib Level at $1250.00

    Based on last week’s close at $1240.40, the direction of the December Comex Gold this week will be determined by trader reaction to the long-term, uptrending Gann angle at $1245.00.

  • AUD/USD Forex Technical Analysis – Move Through .7484 Changes Minor Trend to Up
    FX Empire20 hours ago

    AUD/USD Forex Technical Analysis – Move Through .7484 Changes Minor Trend to Up

    Based on last week’s close at .7418, the direction of the AUD/USD this week will be determined by trader reaction to a pair of Gann angles at .7397 and .7430. The main trend is down according to the weekly swing chart. However, momentum has been trying to shift to the upside since the formation of the closing price reversal bottom at .7310 the week-ending July 6.

  • Gold Weekly Price Forecast – Gold markets looking for support
    FX Empireyesterday

    Gold Weekly Price Forecast – Gold markets looking for support

    Gold markets spent the majority of the week falling but got a bit of a reprieve on Friday as Donald Trump suggested that interest rates in the United States should remain low, and perhaps rate hikes should be on hold. Of course, he doesn’t have that power so the market reacting the way it has on Friday is a bit of a head scratcher.

  • USD/JPY Weekly Price Forecast – dollar rallies towards ¥113, but then rolls over
    FX Empireyesterday

    USD/JPY Weekly Price Forecast – dollar rallies towards ¥113, but then rolls over

    The US dollar rallied quite a bit during the week, reaching towards the ¥113 level before rolling over. The market found a significant amount of supply in that area, as was seen at the beginning of the year. I believe that the market needed to pull back anyway, it had gotten ahead of itself.

  • GBP/USD Weekly Price Forecast – Sterling finds support
    FX Empireyesterday

    GBP/USD Weekly Price Forecast – Sterling finds support

    The British pound fell initially during the week, reaching below the 1.30 level. However, we have turned around of form a bit of a hammer again, showing just how important this level is. I think that the 1.30 level will continue to be an area where value hunters are willing to step in, and at this point one has to wonder who is left to sell this thing?

  • GBP/JPY Weekly Price Forecast – Sterling falls but has support underneath
    FX Empireyesterday

    GBP/JPY Weekly Price Forecast – Sterling falls but has support underneath

    The British pound fell during the bulk of the week, in terms of Japanese yen. However, there seems to be a significant amount of support just below in the form of the ¥145 level, and we most certainly have not broken below there.

  • EUR/USD Weekly Price Forecast – Euro finds support again
    FX Empireyesterday

    EUR/USD Weekly Price Forecast – Euro finds support again

    The EUR/USD pair spent most of the week falling, but early during the Friday session in New York, President Donald Trump tweeted that he wanted to persuade the Federal Reserve to keep interest rates low. Ultimately, this caused a major surge in the value of the Euro, turning around to form a bit of a hammer.

  • AUD/USD Weekly Price Forecast – Aussie bounces yet again
    FX Empireyesterday

    AUD/USD Weekly Price Forecast – Aussie bounces yet again

    The Australian dollar spent most of the week soft but found enough support to turn around of form a hammer yet again. As you can see on the weekly chart, there have been multiple hammers over the last couple of weeks, so it’s obvious to me that there is a massive amount of support just below.

  • Gold Price Forecast – Gold markets rally after Trump comments
    FX Empireyesterday

    Gold Price Forecast – Gold markets rally after Trump comments

    Gold markets rally during the trading session on Friday, breaking towards the $1230 level before running into a bit of resistance. The market had been oversold to begin with, so when Donald Trump suggested that interest rates in America needed to stay lower, that sparked a US dollar selloff.

  • USD/JPY Price Forecast – Trump dumps the dollar
    FX Empireyesterday

    USD/JPY Price Forecast – Trump dumps the dollar

    The US dollar fell off a cliff during early trading on Friday in the United States, as President Donald Trump suggested that other currencies around the world were far too cheap and that while the United States was raising interest rates, they were keeping interest rates far too low. Traders saw this as an opportunity to sell the US dollar, as perhaps a sign that he would keep interest rates from rising. Here’s a hint: he doesn’t have that power.

  • GBP/USD Price Forecast – Sterling takes off after Trump comments
    FX Empireyesterday

    GBP/USD Price Forecast – Sterling takes off after Trump comments

    The GBP/USD pair rallied rather significantly during the trading session on Friday, reaching towards a critical supply area near the 1.3075 handle after Donald Trump tweeted that the US dollar was being unfairly strengthened as interest rates around the world it remained far too low. For some reason, market participants read this as a sign that interest rates were going to be put on hold in the United States. The funny thing is, he doesn’t have that power and just ½ an hour before one of the Federal Reserve governors reiterated the need to continue to raise rates.

  • GBP/JPY Price Forecast – Sterling finds support
    FX Empireyesterday

    GBP/JPY Price Forecast – Sterling finds support

    The British pound fell again during the day on Friday in the Japanese yen terms, as we reached towards a significant support area in the form of ¥146 and uptrend line. At this point, I think that we are trying to build up enough momentum to bounce, but I also recognize how precarious the situation could be.

  • EUR/USD Price Forecast – Euro explodes to the upside after Trump comments
    FX Empireyesterday

    EUR/USD Price Forecast – Euro explodes to the upside after Trump comments

    The EUR/USD pair was having a fairly quiet Friday, that was until President Donald Trump tweeted that the US dollar was being unfairly strengthened due to soft economic policy by the EU, Japan, and many other countries. Ultimately, I find this a bit ironic, considering that he doesn’t have the power to change monetary policy.

  • AUD/USD Price Forecast – Australian dollar jumps on Trump comments
    FX Empireyesterday

    AUD/USD Price Forecast – Australian dollar jumps on Trump comments

    The Australian dollar jumped during the trading session on Friday, after finding support yet again near the 0.7325 handle. Beyond that, President Trump tweeted that he thought of the central banks around the world were taken advantage of keeping interest rates lower while the United States continue to raise theirs. Traders around the world thought this was a signal the perhaps we were stepping away from interest rate hikes at the Federal Reserve, something that the President has no control over.

  • Metal Prices Up as Dollar Dashes Lower
    Investing.comyesterday

    Metal Prices Up as Dollar Dashes Lower

    Investing.com – Metal prices were higher Friday as the dollar moved sharply lower after President Donald Trump said higher interest rates and the strength of the greenback were hampering economic growth.

  • An intraday downturn is putting a bitcoin win streak at risk
    MarketWatchyesterday

    An intraday downturn is putting a bitcoin win streak at risk

    Bitcoin’s revival hit a speed bump Friday afternoon as the No. 1 digital currency turned lower, putting a milestone in jeopardy.

  • Gold Price Prediction – Gold Rebounds Following Trump Commentary on the Dollar and Rates
    FX Empireyesterday

    Gold Price Prediction – Gold Rebounds Following Trump Commentary on the Dollar and Rates

    The dollar moved lower following commentary from President Donald Trump who did and interview and a follow up tweet describing his displeasure with the rise in interest rates, along with the rise in the dollar. This helped gold prices gain a foot hold and move higher. Gold prices were unable to take out the prior days lows and has generate a reversal pattern that could test higher prices.

  • Dollar Slumps on Trump Trade Comments
    Investing.comyesterday

    Dollar Slumps on Trump Trade Comments

    Elsewhere, the Australian dollar was higher, with AUD/USD up 0.83% at 0.7416, while NZD/USD rose 0.85% to 0.6801. The loonie was higher against the greenback, with USD/CAD down 1.11% to 1.3125.

  • Gold Rises as Trump Criticizes Fed
    Investing.comyesterday

    Gold Rises as Trump Criticizes Fed

    Gold prices rose on Friday as U.S. President Donald Trump criticized the Federal Reserve for increasing interest rates. Comex gold futures for August delivery rose 0.47% to $1,229.70 a troy ounce as of 10:29 AM ET (14:29 GMT). Trump said in an interview on CNBC that he does not approve of how the Fed is approaching monetary policy.

  • FTSE 100 turns lower, but books second weekly gain in a row
    MarketWatchyesterday

    FTSE 100 turns lower, but books second weekly gain in a row

    U.K. blue-chip stocks fell Friday, returning to negative territory after U.S. President Donald Trump threatened to place tariffs on $500 billion in Chinese imports, potentially ramping up his administration’s trade dispute with officials running the world’s second-largest economy.

  • Bitcoin Inches Forward; CFPB Encourages Crypto
    Investing.com2 days ago

    Bitcoin Inches Forward; CFPB Encourages Crypto

    Bitcoin was trading at $7,474.80, inching up 0.60% on the Bitfinex exchange, as of 9:16 AM ET (14:16 GMT), not far from its session high of $7,503.30.

  • Stocks- U.S. Futures Slump After Trump Threatens Tariffs on All Chinese Imports
    Investing.com2 days ago

    Stocks- U.S. Futures Slump After Trump Threatens Tariffs on All Chinese Imports

    Investing.com – U.S. futures took a sudden dive on Friday, after U.S. President Donald Trump threatened to impose tariffs on all Chinese imports.The S&P 500 futures fell six points or 0.23% to 2,798.75 as of 6:48 AM ET ( 10:48 GMT) while Dow futures decreased 100 points or 0.40% to 24,959.0. Meanwhile tech heavy Nasdaq 100 futures inched up six points or 0.09% to 7,374.50.Trump said in an interview on CNBC that he is ready to impose tariffs on $500 billion worth of Chinese goods to the U.S. if China does not back down on its trade policies. ...

  • MarketWatch2 days ago

    Dollar drops as Trump accuses China, EU of currency and interest-rate manipulation

    The U.S. dollar took a hit on Friday after President Donald Trump called China and the European Union currency and interest rate manipulators in a tweet. Trump that "while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day," China and the eurozone were robbing the U.S. of its "big competitive edge." The ICE U.S. Dollar Index (DXY) dropped 0.5% to 94.674, extending previous losses. China's yuan was more timid in response.

  • Technical Update For Gold, Silver & WTI Crude Oil: 20.07.2018
    FX Empire2 days ago

    Technical Update For Gold, Silver & WTI Crude Oil: 20.07.2018

    In addition to its break of an upward slanting trend-line ranging since late-2015, the Gold also dipped beneath the 200-week SMA, which in-turn signal brighter chances of its further downturn to $1200 round-figure if prices close below $1234-40 region including aforementioned catalysts. Should the sellers refrain to respect the $1200 mark, the $1193, the $1168 and the $1142 are likely following stops they can avail before visiting the $1125-30 support-zone. ...

  • Forex- Dollar Inches Down After Trump Comments on Fed
    Investing.com2 days ago

    Forex- Dollar Inches Down After Trump Comments on Fed

    The U.S. dollar fell on Friday after U.S. President Donald Trump criticized the Federal Reserve for increasing interest rates but was still on target for a second week of gains. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.15% to 94.84 as of 5:36 AM ET (9:36 GMT). Despite the dip, the dollar was on target for a second straight week of gains and has risen more than 5% in the last three months due to expectations that interest rates will rise.