(Adds comments, details, bitcoin contracts, tabular data) By Gertrude Chavez-Dreyfuss NEW YORK, Dec 10 (Reuters) - Speculators boosted net long bets on the U.S. dollar in the latest week to their largest since late December 2016, according to calculations by Reuters and Commodity Futures Trading Commission data released on Monday. In a broader measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian ruble, the U.S. dollar posted a net long position of $32.09 billion, compared with $30.11 billion a week earlier.
Bitcoin prices rallied as much as 10% over the weekend, giving virtual currency owners some respite after another tumultuous week.
Investing.com - The dollar rose against its rivals Tuesday, helped by a plunge in the pound to 21-month lows after UK Prime Minister Theresa May called off a vote on a Brexit deal expected Tuesday, raising further uncertainty about the country's exit from the European Union.
Currency markets were shaken by more Brexit drama on Monday, as Tuesday’s highly anticipated vote on Prime Minister Theresa May’s Brexit deal is now reportedly shelved.
Reserve Bank of India Gov. Urjit Patel unexpectedly resigns on Monday, leading investors to worry about who could replace him and what that could mean for the central bank’s independence.
Brexit watchers got a surprise on Monday, as the government reportedly pulls a highly anticipated vote on the deal Prime Minister Theresa May’s Brexit deal with the European Union. While May reportedly seeks to reschedule the vote, investors ask, “what now?”
Gold prices edged lower on Monday as mixed signals helped the yellow metal consolidate. Fear initially hit the markets as Prime Minister Terresa May told parliament that she did not have the votes to move forward with Brexit and that she needed permission to extend the vote to tomorrow. Gold prices consolidated after screaming higher on Friday breaking through the October highs at 1,244 which is now seen as short term support.
May pulls the plug on tomorrow’s vote and the Pound goes through the sink hole, sliding to 18-month lows. This could get messy..
Gold markets broke above the $1250 level during trading on Friday, and Monday pulled back enough to test that area. If we can hang above this area long enough, it’s assigned that we are going to go much higher.
The US dollar initially dipped at the open on Monday, and a bit of a “risk off” move. However, as you can see on the daily chart we have turned around to form a very bullish candle.
The British pound broke through major support during the session on Monday as it was revealed that the Brexit boat may be put back. If it is, then shows just how much of an uphill battle there is to get a deal through Parliament.
The British pound initially tried to rally during the day on Monday, but then rolled over to show signs of exhaustion. As it breaks through the ¥142.50 level, it looks like we are ready to go much lower. Beyond that, there is also concern that the Brexit vote being pushed back in Parliament is a sign of the unlikelihood of a deal.