• Bitcoin steady, Tether still trading at a discount
    MarketWatch4 hours ago

    Bitcoin steady, Tether still trading at a discount

    Bitcoin prices held on to Monday’s gains but failed to get a further bump after news Fidelity, the financial services giant, would begin offering crypto trading and custody services for hedge funds and sophisticated investors. “This is a huge step forward in mainstream adoption of cryptocurrency,” wrote Bruce Elliott, president of ICOx Innovations, a cryptocurrency rewards and payments system. This is a signal that financial markets and regulators are gaining clarity and comfort on the outlook for trading cryptocurrencies,” he said.

  • British pound rallies after wage data, shrugs off Brexit troubles for the day
    MarketWatch4 hours ago

    British pound rallies after wage data, shrugs off Brexit troubles for the day

    Major currencies like the U.S. dollar and the euro were muted Tuesday, while the British pound led developed market gainers on the back of supportive wage data.

  • With ‘no-deal’ Brexit risk on the rise, analysts see uncertain path for pound
    MarketWatch5 hours ago

    With ‘no-deal’ Brexit risk on the rise, analysts see uncertain path for pound

    Market worries about a “no-deal” Brexit are on the rise again after negotiations between London and Brussels hit a hurdle last weekend. What’s it mean for British pound?

  • EUR/USD Mid-Session Technical Analysis for October 16, 2018
    FX Empire11 hours ago

    EUR/USD Mid-Session Technical Analysis for October 16, 2018

    Given the two inside moves, trading between Friday’s high at 1.1612 and low at 1.1535 will continue to signal investor indecision and impending volatility.

  • USD/CAD Daily Price Forecast – USD/CAD Breaches 1.29 Handle on Weak US Greenback in Broad Market
    FX Empire12 hours ago

    USD/CAD Daily Price Forecast – USD/CAD Breaches 1.29 Handle on Weak US Greenback in Broad Market

    Subdued USD demand fails to assist build on overnight rebound , while weak crude oil price helped limit sharp downward slide.

  • Price of Gold Fundamental Daily Forecast – Cautious Buyers as Market Sits Near 2-1/2 Month High
    FX Empire13 hours ago

    Price of Gold Fundamental Daily Forecast – Cautious Buyers as Market Sits Near 2-1/2 Month High

    Traders are monitoring the geopolitical tensions over the disappearance of the Saudi Arabia journalist, however, so far the news has been limited to the political sphere. Traders essentially want to know if the Saudis are responsible. How the U.S. will respond if they are and whether there will be any retaliation from Saudi Arabia.

  • Technical Checks For EUR/USD, USD/JPY, AUD/USD & USD/CAD: 16.10.2018
    FX Empire13 hours ago

    Technical Checks For EUR/USD, USD/JPY, AUD/USD & USD/CAD: 16.10.2018

    Even after recovering from 1.1430-25 support-zone, the EURUSD has to surpass 100-day SMA level of 1.1630 in order to justify its strength in targeting the seven-month long descending resistance-line, around 1.1730. Should prices rally beyond 1.1730 on a daily closing basis, the 1.1810 & 1.1850 are likely intermediate halts that can be availed prior to aiming the 1.1920 level, comprising 200-day SMA. In case the pair witness downside pressure, the 1.1520, the 1.1500 and the 1.1430 may entertain short-term sellers before again highlighting the importance of 1.1430-25 area. ...

  • Reuters16 hours ago

    Eurogroup head sees little impact on euro from Italy's budget

    The head of the Eurogroup of euro zone finance ministers Mario Centeno said on Tuesday Italy's budget plans targeting a higher deficit than demanded by Brussels should not be overestimated in terms of their impact on the euro and countries using the single currency. Italy's budget is just one of those moments and events.

  • USD/JPY Full Bearish Continuation Below 111.63
    FX Empire16 hours ago

    USD/JPY Full Bearish Continuation Below 111.63

    The USD/JPY has formed a possible bearish continuation pattern if it closes below the W L3 support at 111.63. However, a correction is still possible.

  • Three good trading setups for Tuesday
    FX Empire16 hours ago

    Three good trading setups for Tuesday

    Last week, DAX broke the long-term neckline of the major head and shoulders pattern. This week starts with a pull-back, which is nothing surprising as this is a typical price action movement. Any bearish price action there will give us a legitimate signal to go short.

  • Reuters16 hours ago

    Italy budget a hot topic, but not on EU summit agenda, EU official

    BRUSSELS (Reuters) - Italy's budget for next year is a hot topic but is not on the agenda of a summit of European Union leaders this week, a senior European Union official said on Tuesday. Euro zone leaders ...

  • Markets in Cautious Mode, Gold Glitters
    FX Empire16 hours ago

    Markets in Cautious Mode, Gold Glitters

    A cautious tone is likely to reverberate across financial markets this week as ongoing trade disputes, global growth fears and geopolitical tensions keep investors on edge.

  • Commodities Daily Forecast – October 16, 2018
    FX Empire17 hours ago

    Commodities Daily Forecast – October 16, 2018

    The gold prices broke above the $1230 level in the Monday’s session as weak USD is supporting the market. The market is likely to continue going towards the $1250 level and $1220 level underneath will be offering a strong support to the market. The gold prices will continue to gain amid the uncertain global conditions and pullbacks will be a nice buying opportunity.

  • Reuters17 hours ago

    India may look to raise 200 billion rupees via buybacks in state-run companies: TVs

    NEW DELHI (Reuters) - India may look to raise 200 billion rupees ($2.71 billion) in 2018/19 fiscal year via buyback of shares in state-run companies including Oil and Natural Gas Corp Ltd (ONGC), local ...

  • Forex Daily Outlook – October 16, 2018
    FX Empire17 hours ago

    Forex Daily Outlook – October 16, 2018

    The initially gapped lower during the Monday’s session in a bit of risk-off move, but then started to rally higher as American came on board. The 1.16 level is continuing to offer a bit of resistance to the pair and if it breaks higher then it next major stop for the market will be at 1.17 level. The market is still in the consolidation phase and 1.15 level underneath will be the strong support point for the pair. Buying on dips will be the right strategy for this market. …Read MoreGBP/USD

  • Precious Metals Trade Flat on Profit Booking Activity
    FX Empire17 hours ago

    Precious Metals Trade Flat on Profit Booking Activity

    Gold trades flat near yesterday’s high’s as profit booking activity dampens price action for dollar denominated yellow metal in broad market amid risk averse market scenario.

  • Quartz18 hours ago

    Dear Flipkart and Amazon, sales are measured in rupees—not Burj Khalifas

    Forget revenue and profits, India’s largest e-commerce firms seem to believe the height of Dubai’s Burj Khalifa is a fair metric to measure their performance. At the end of their annual flagship festive season sales, the online retailers, notorious for their window-dressing metrics like gross merchandise value (GMV) and net promoter scores, measured their success…

  • GBP/USD Daily Price Forecast – GBP/USD Unlikely to Scale 1.32 Handle As Brexit Woes & Dovish Macro Data Forecast Pressure British Pound
    FX Empire18 hours ago

    GBP/USD Daily Price Forecast – GBP/USD Unlikely to Scale 1.32 Handle As Brexit Woes & Dovish Macro Data Forecast Pressure British Pound

    Tuesday’s UK earnings report to be a quick flash in the pan with Brexit angst looming overhead.

  • EUR/USD Daily Price Forecast – EUR/USD Failed To Hold Above 1.16 over Italian Budget Concerns
    FX Empire19 hours ago

    EUR/USD Daily Price Forecast – EUR/USD Failed To Hold Above 1.16 over Italian Budget Concerns

    The EUR’s repeated failure to climb 1.16 is a slight cause for concern for the EUR bulls.

  • AUD/USD Forex Technical Analysis – October 16, 2018 Forecast
    FX Empire19 hours ago

    AUD/USD Forex Technical Analysis – October 16, 2018 Forecast

    Based on the early price action, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at .7112. This angle has been guiding the market higher since October 5.

  • Bitcoin – Can the Bulls Hold on or is Bitcoin Heading for $6,400?
    FX Empire20 hours ago

    Bitcoin – Can the Bulls Hold on or is Bitcoin Heading for $6,400?

    Bitcoin holds on to $6,700 levels after an early dip, but with Monday’s price action over and the markets steadying, there could be some downside ahead.

  • USD/JPY Forex Technical Analysis – October 16, 2018 Forecast
    FX Empire20 hours ago

    USD/JPY Forex Technical Analysis – October 16, 2018 Forecast

    Based on the current price at 111.990, the direction of the USD/JPY the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at 111.984.

  • Gold Price Forecast – Gold markets continue to levitate
    FX Empire21 hours ago

    Gold Price Forecast – Gold markets continue to levitate

    Gold markets continue to levitate overall, showing signs of strength during the day on Monday. I think that the gold market continues to find strength due to the uncertainty around the world, and the “safety trade” that seems to be in effect.

  • USD/JPY Price Forecast – US dollar looking for support
    FX Empire21 hours ago

    USD/JPY Price Forecast – US dollar looking for support

    The US dollar broke down below the ¥112 level during the early hours of Monday but has found a little bit of support near the ¥111.50 level, an area of previous resistance. At this point, it looks as if we are trying to form some type of bottoming pattern, but I think you should be very cautious if you are looking to go long.

  • GBP/USD Price Forecast – British pound gaps to kick off week against greenback
    FX Empire21 hours ago

    GBP/USD Price Forecast – British pound gaps to kick off week against greenback

    The British pound gapped lower to kick off the week against the greenback, but by the time the Americans came on board had fill that gap it looks likely to continue to try to go towards the recent highs.