• Dollar up on bleak EU outlook, pound bolstered by hopes of soft Brexit
    Reuters2 hours ago

    Dollar up on bleak EU outlook, pound bolstered by hopes of soft Brexit

    Earlier this week, data showed Germany barely escaped a recession in the second half of 2018 and European Central Bank chief Mario Draghi warned on Tuesday the euro zone economy was weaker than anticipated. "The dimmer outlook was acknowledged by outgoing ECB President Mario Draghi, a cautious tone that gave added traction to the euro’s slide from three-month highs," said Joe Manimbo, senior market analyst at Western Union. "Add it all up and it seems increasingly less likely that the ECB would be able to normalize monetary policy later this year." In Britain, May is widely expected to retain power in the confidence motion at 1900 GMT on Wednesday, called by opposition Labour Party leader Jeremy Corbyn after a crushing defeat of the prime minister's Brexit divorce deal in parliament on Tuesday.

  • Pound wobbles after May’s Brexit defeat, as lawmakers debate no-confidence vote
    MarketWatch3 hours ago

    Pound wobbles after May’s Brexit defeat, as lawmakers debate no-confidence vote

    The British pound is trading in a tight range on Wednesday after U.K. Prime Minister Theresa May’s Brexit deal was defeated in Parliament Tuesday and as lawmakers are debating a no-confidence motion against the government.

  • Bitcoin is displaying a ‘lethargic base’ and has yet to find a bottom, says analyst
    MarketWatch4 hours ago

    Bitcoin is displaying a ‘lethargic base’ and has yet to find a bottom, says analyst

    Bitcoin prices are trading marginally higher on Wednesday, continuing to oscillate either side of $3,500.

  • After historic Brexit defeat — what’s next?
    MarketWatch5 hours ago

    After historic Brexit defeat — what’s next?

    U.K. Prime Minister Theresa May’s Brexit deal is rejected in Parliament on Tuesday, leaving Britain with further uncertainty about how it will leave the European Union.

  • Price of Gold Fundamental Daily Forecast – Rangebound Until Appetite for Risk Changes
    FX Empire6 hours ago

    Price of Gold Fundamental Daily Forecast – Rangebound Until Appetite for Risk Changes

    We’re looking for the sideways trade to continue until we see a clear shift in demand for higher risk assets. If risk is on then gold is likely to be pressured. If risk is off then gold will be supported.

  • Technical Update For EUR/USD, GBP/USD, NZD/USD & USD/CHF: 16.01.2019
    FX Empire6 hours ago

    Technical Update For EUR/USD, GBP/USD, NZD/USD & USD/CHF: 16.01.2019

    Having failed to sustain 100-day SMA breakout, the EURUSD now rests around 50-day SMA level of 1.1380, breaking which nine-week old support-line, at 1.1320, and the 1.1260 can reappear on the chart. In case prices continue declining under 1.1260, the 1.1215 and the 61.8% FE level of 1.1080 may gain sellers’ attention. Meanwhile, the 1.1475 comprising 100-day SMA, followed by the 1.1550 & the 1.1570 could confine the pair’s near-term advances prior to challenging the 1.1610-25 region including 200-day SMA. If at all the pair manage to provide a daily closing beyond 1.1625, the ...

  • Precious Metals Steady On Brexit Headlines
    FX Empire7 hours ago

    Precious Metals Steady On Brexit Headlines

    Proceedings in UK surrounding brexit and PM may continue to inspire caution in already weak European market plagues by political and economic woes which underpin demand for safe haven asset.

  • Investing.com7 hours ago

    Sterling Rebounds on "Diminished" Brexit Risk; Dollar Flat

    The pound steadied on Wednesday after having fallen late Tuesday when the U.K. parliament overwhelmingly voted down Prime Minister Theresa May's Brexit deal. The House of Commons voted 432-202 against May's deal, leaving uncertainty over the future of the country's plans to leave the EU on March 29. Bank of England Governor Mark Carney said the rebound suggested markets now see a "diminished" risk of a disorderly Brexit with no transitional arrangements.

  • British parliamentarians deliberately cornered themselves
    FX Empire8 hours ago

    British parliamentarians deliberately cornered themselves

    The British pound, as expected, experienced a high volatility day on Tuesday. As the result, however, the currency avoided serious pressure, ending Tuesday’s near levels at the opening. During the day on Tuesday, the pressure on the pound increased, sending GBPUSD from 1.2850 to 1.2700.

  • Investing.com8 hours ago

    Stocks - Wall Street Rises on Goldman, Bank of America Earnings

    The S&P; 500 rose 5 points, or 0.21%, as of 9:33 AM ET (14:33 GMT), while the Dow increased 80 points, or 0.34%, and the tech-heavy Nasdaq Composite gained 20 points, or 0.29%.

  • MarketWatch9 hours ago

    London markets falter as investors react to historic Brexit defeat

    LONDON MARKETS London markets wobbled on Wednesday, as investors reacted to the bigger-than-expected defeat of U.K. Prime Minister Theresa May’s Brexit plan. Major oil companies led the losses. How are the markets trading? The FTSE 100 Index (UK:UKX) dipped 0.

  • At the end of the day, Pound remains unchaged. Gold too
    FX Empire9 hours ago

    At the end of the day, Pound remains unchaged. Gold too

    Yesterday we had a real roller-coaster on the GBP. Well, no surprise here as we had a Brexit vote and everybody expected the increase in volatility. 

  • USD/JPY Fundamental Daily Forecast – Tight Range, Low Volume, Traders Watching Equity Markets for Direction
    FX Empire9 hours ago

    USD/JPY Fundamental Daily Forecast – Tight Range, Low Volume, Traders Watching Equity Markets for Direction

    Continue to watch the price action in the U.S. equity markets for direction today. A risk-on session will be bullish for the USD/JPY, risk-off will be bearish.

  • What's Next for Brexit?
    Yahoo Finance Video59 minutes ago

    What's Next for Brexit?

    Yahoo Finance’s Adam Shapiro, Julie Hyman, and Alanna Petroff discuss the large Brexit defeat in British Parliament.