Yahoo Finance's Adam Shapiro, Julie Hyman, Brian Cheung, and Andy Serwer discuss Brexit and Theresa May's no confidence election with Oscar Williams-Grut, Yahoo Finance's reporter in London.
Investing.com - The British pound and euro both edged higher on Thursday, as investors kept their focus on Brexit developments and the European Central Bank's final policy meeting of the year.
The European Central Bank is fully expected Thursday to affirm its plan to end its bond-buying program at year-end. The trickier question is when it will begin to raise rates.
Investing.com - The U.S. dollar was flat, while the British pound edges down on Thursday in Asia after U.K. Prime Minister Theresa May won a vote of confidence in her leadership of the Conservative Party.
Euro consolidates gains versus US dollar ahead of ECB interest rate decision update.
Investing.com - Major cryptocurrencies rose on Thursday morning in Asia despite reports that the Dutch central bank is considering regulating digital tokens.
It’s all eyes on the EU and Theresa May, the chances of a deal laying in the hands of Juncker and Theresa May’s peers who could sink May and the GBP.
Investing.com - Asian markets rose in morning trade on Thursday following reports that China is considering postponing some targets of its ambitious plans to dominate high-end technologies, as Beijing tried to ease trade tensions with the U.S.
It’s a big day for Europe, with the ECB Press Conference to drive the EUR and Theresa May’s last ditch efforts in Brussels to influence the GBP.
Investing.com - Gold could form a solid base at the $1,250 level amid the narrative of a Europe in trouble and a Federal Reserve likely to pause rate hikes.
Investing.com - The U.S. dollar was pushed back by a surge in the pound as traders bet UK Prime Minister Theresa May will survive a vote of no confidence.
The British pound is one of the strongest major developed market currencies on Monday, advancing as U.K. Prime Minister Theresa May faces a vote of no-confidence.
Gold prices edged higher following the Labor Departments report on consumer prices. Gold prices broke out above resistance on Friday following a softer than expected employment report but has since ease and forming a bull flag continuation pattern.Technical Analysis
The U.K. stock market ends higher on Wednesday, as trade optimism held the markets in the green, despite the fact that U.K. Prime Minister Theresa May was set to face a leadership challenge amid broad discontent over Brexit.
Investing.com - The U.S. dollar was lower on Wednesday, as inflation data underlined expectations that the Federal Reserve will slow its pace of rate hikes in 2019.The Labor Department said its consumer price index was unchanged from a month earlier, slowing from the 0.3% increase seen in October. Analysts had forecast a 0.1% increase.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.3% to 97.09 as of 10:11 AM ET (15:11 GMT). ...
Gold markets rallied slightly during the trading session on Wednesday, as we continue to hang around the $1250 level, an area that has been important more than once.
The US dollar tried to rally during the trading session on Wednesday but struggled to continue going higher as one would expect as we have seen resistance just above recently.
The British pound is seen short covering ahead of the confidence vote for Teresa May and her government. At this point, the 1.27 level above should be crucial, and I think that it is only a matter of time before the sellers come back.
The British pound recovered a bit ahead of the confidence vote on Teresa May during the day on Wednesday, slamming into which should be resistance at the ¥143 level. Ultimately, this is a market that is in a downtrend, and I think at this point we are simply trying to cover shorts ahead of the vote.
The Euro rallied a bit during the trading session on Wednesday, reaching towards the 1.1350 level. This is a market that looks like it’s trying to form a bit of a symmetrical triangle, so that is worth paying attention to.
The Australian dollar rallied initially during the trading session on Wednesday but struggled at the 0.7250 level. That’s an area that has offered a bit of “fair value” for the markets, and I think we will continue to see the Australian dollar react to this level.
Investing.com - Gold prices ticked higher on Wednesday, hitting the best levels of the session after data showed that U.S. consumer price growth slowed in November.