• FTSE gains slightly as pound trades flat amid Brexit uncertainty
    MarketWatch26 minutes ago

    FTSE gains slightly as pound trades flat amid Brexit uncertainty

    The U.K.’s main equity index on Thursday trades slightly higher, benefiting partly from lackluster trade in the British pound.

  • Pound holds steady as May seen weighing extending Brexit transition
    MarketWatch55 minutes ago

    Pound holds steady as May seen weighing extending Brexit transition

    The British pound on Thursday stabilizes amid reports that U.K. Prime Minister Theresa May is considering a longer transition period within the EU as Britain attempts to break an impasse in talks to forge a new relationship with Europe’s trade bloc.

  • Reuters56 minutes ago

    Eurogroup chief says euro zone will cope with Italy's draft budget

    The euro zone has shown great resilience during the sovereign debt crisis and will be able also to cope with the draft budgetary plan of Italy, the chairman of euro zone finance ministers Mario Centeno said on Thursday. On Monday, Italy sent to the European Commission its draft budget assumptions for 2019 under which its headline budget deficit is to rise to 2.4 percent of GDP, tripling the target agreed on with the Commission by the previous government.

  • Gold Prices Slip; Dollar Firms as FOMC Meeting Minutes Point to More Rate Hikes
    Investing.com1 hour ago

    Gold Prices Slip; Dollar Firms as FOMC Meeting Minutes Point to More Rate Hikes

    Investing.com - Gold prices slipped while the dollar gained on Thursday after the minutes from the latest Federal Open Market Committee meeting reinforced expectations for tighter U.S monetary policy.

  • Investing.com2 hours ago

    Crypto Prices Mixed; Binance Partners With Chainalysis to Add Compliance Tools

    Investing.com - Cryptocurrency prices were mixed on Thursday, while Binance announced a partnership with New York-based compliance software provider Chainalysis to add compliance tools.

  • MarketWatch2 hours ago

    Brextra: U.K. Prime Minister Theresa May seen willing to extend Brexit transition, say reports

    U.K. Prime Minister Theresa May is considering a longer transition period as Britain attempts to break an impasse in talks to forge a new relationship with Europe's trade bloc. At a summit in Brussels on Wednesday, May told a 27-member panel of representatives of European Union nations that she was "ready to consider" extending a 21-month transition period following the U.K.'s exit from the EU at the end of March, according to reports in The Guardian on Thursday. The move is viewed as a conciliatory tactic by May as she attempts to navigate tense talks with EU officials following a closely watched dinner meeting in Brussels, which was referred to by European Council President Donald Tusk earlier in the week as May's "moment of truth." Fears that the U.K. was on the brink of severing its customs and trade partnership with the EU without a clear trade deal in place, have threatened to stoke volatility in domestic markets, if not ripple globally. A decision to delay the Brexit transition could see Britons abiding under EU rules until 2021 or longer. The Brextra time, as some critics have referred to it, has stoked anger among hardline constituents who had advocated for a May to follow through with Brexit and were against maintaining EU ties for longer. For months, the EU and U.K. have been at loggerheads over specifically over the issue of trade between the Republic of Ireland and the U.K.'s Northern Ireland. The British pound was at $1.3110, little changed against the U.S. dollar, compared with $1.3114 late Wednesday in New York.

  • Yuan Slips as U.S. Declines to Label China a Currency Manipulator
    Investing.com2 hours ago

    Yuan Slips as U.S. Declines to Label China a Currency Manipulator

    Investing.com - The Chinese yuan slipped against the dollar on Thursday as the U.S. held off from labeling China as a currency manipulator.

  • Gold Price Forecast – Gold markets continue to grind sideways
    FX Empire6 hours ago

    Gold Price Forecast – Gold markets continue to grind sideways

    Gold markets went sideways during the trading session on Wednesday, as we continue to dance around high levels. After breaking above the $1220 level, we have seen a lot of sideways action as traders trying to digest the recent gains.

  • USD/JPY Price Forecast – US dollar forming a base against Japanese yen
    FX Empire6 hours ago

    USD/JPY Price Forecast – US dollar forming a base against Japanese yen

    The US dollar has bounced recently from the 61.8% Fibonacci retracement level, and we are now hovering just above the ¥112 level. At this point, it looks as if we could rally from here but we also get the FOMC Meeting Minutes late on Wednesday that could influence where we go next.

  • GBP/USD Price Forecast – British pound falls to support
    FX Empire6 hours ago

    GBP/USD Price Forecast – British pound falls to support

    The British pound fell on Wednesday, extending down to the 1.31 level, an area that should be supportive based upon the gap at the open of the weekend of course previous action.

  • GBP/JPY Price Forecast – British pound pulls back on Wednesday
    FX Empire6 hours ago

    GBP/JPY Price Forecast – British pound pulls back on Wednesday

    The British pound pulled back during the trading session on Wednesday, reentering the gap that had formed at the beginning of the week. It does look as if the buyers are trying to come back though, and I think that the ¥146.50 level should of course be interesting as well.

  • EUR/USD Price Forecast – Euro falls towards support on Wednesday
    FX Empire6 hours ago

    EUR/USD Price Forecast – Euro falls towards support on Wednesday

    The Euro fell a bit during the trading session on Wednesday, reaching towards the support level underneath to the 1.1525 level. This is an area that continues to be interesting, and I think it’s only a matter time before the buyers come back. I believe that this is a “zone of support” extending down to the 1.15 level underneath.

  • AUD/USD Price Forecast – Australian dollar continues to grind higher
    FX Empire6 hours ago

    AUD/USD Price Forecast – Australian dollar continues to grind higher

    The Aussie dollar has been very noisy during the trading session on Wednesday, pulling back rather significantly, but we can already start to see buyers jump into this market. I think the market is trying to go to the next major round number, just above at the 0.72 handle.

  • UK Retail Sales and Brexit News Leaves Focus on the Pound
    FX Empire8 hours ago

    UK Retail Sales and Brexit News Leaves Focus on the Pound

    It’s all eyes on the Pound, with Brexit news and UK retail sales figures to provide direction through the day. Any progress on Brexit to be the key driver.

  • What is Brexit? And why is it proving so complicated
    MarketWatch12 hours ago

    What is Brexit? And why is it proving so complicated

    The United Kingdom is splitting from the European Union in a long, Byzantine process. Here’s what’s at stake.

  • Gold Slips, Halting 2-day Climb; $1,250 Still in Sight
    Investing.com12 hours ago

    Gold Slips, Halting 2-day Climb; $1,250 Still in Sight

    Investing.com - Gold prices fell on Wednesday after a two-day climb as a rallying dollar took some of the bullish support from the precious metal as the Federal Reserve released details from its latest policy meeting.

  • Dollar Rides Euro, Sterling Slump Higher; Fed Minutes Eyed
    Investing.com12 hours ago

    Dollar Rides Euro, Sterling Slump Higher; Fed Minutes Eyed

    Investing.com - The dollar rose against its rivals Wednesday, shrugging off soft housing market data ahead of the release of the Federal Reserve's September minutes.

  • Bitcoin rally stalls as it approaches trade above 200-day moving average
    MarketWatch13 hours ago

    Bitcoin rally stalls as it approaches trade above 200-day moving average

    CRYPTOWATCH Major cryptocurrency prices were trading marginally lower Wednesday. After rising as much as 10% on Monday, bitcoin, the world’s largest digital currency, broke out of a triangle formation, which if holds, one analyst said could point to another leg higher, testing another important level.

  • Dollar gains stick as Fed minutes point to further rate hikes
    MarketWatch14 hours ago

    Dollar gains stick as Fed minutes point to further rate hikes

    The U.S. dollar holds on to gains as minutes of the Federal Reserve’s last meeting underline expectations that interest rates have further to rise.

  • Gold Price Prediction – Soft Housing Data is Offset by Weak UK Inflation Keeping Gold Steady
    FX Empire14 hours ago

    Gold Price Prediction – Soft Housing Data is Offset by Weak UK Inflation Keeping Gold Steady

    Gold prices edged lower and continued to trade sideways forming a bull flag pattern that is a pause that refreshes. The dollar gained traction against the Euro and the Pound despite softer than expected housing starts numbers. The weaker than expected US data was countered by softer inflation data in the UK and EU.

  • U.S. Dollar Rises Ahead of Fed Minutes
    Investing.com15 hours ago

    U.S. Dollar Rises Ahead of Fed Minutes

    Investing.com - The U.S. dollar rose on Wednesday as traders waited for the latest meeting minutes from the Federal Reserve, while sterling was pushed lower over Brexit worries.The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.34% to 95.10 as of 11:07 AM ET (15:07 GMT).The meeting minutes from the Fed are released at 2:00 PM ET (18:00 GMT). The central bank took a more hawkish tone at its September meeting when it raised interest rates and dropped the word “accommodative” from its policy stance. ...

  • Stocks - Wall Street Starts Slightly Lower Ahead of Fed Minutes
    Investing.com17 hours ago

    Stocks - Wall Street Starts Slightly Lower Ahead of Fed Minutes

    The S&P 500 fell 7 points, or 0.26%, to 2,820.70 as of 9:35 AM ET (13:35 GMT), while the Dow decreased 127 points, or 0.49%, to 25,671.38 and the tech-heavy Nasdaq Composite was down 10 points, or 0.13%, to 7,635.43.

  • Gold Prices Hold Near Multi-Month Highs Ahead of Fed Minutes
    Investing.com17 hours ago

    Gold Prices Hold Near Multi-Month Highs Ahead of Fed Minutes

    Investing.com - Gold prices were largely unchanged on Wednesday, as investors looked ahead to minutes from the Federal Reserve's latest policy meeting for fresh clues into the outlook for monetary policy in the months ahead.

  • Investing.com18 hours ago

    Cryptos Mostly Flat; BTCC Launches in South Korea

    Bitcoin fell 0.72% to $6,713.50 on the Bitfinex exchange as of 8:55 AM ET (12:55 GMT).

  • Gold Price Futures (GC) Technical Analysis – October 17, 2018 Forecast
    FX Empire19 hours ago

    Gold Price Futures (GC) Technical Analysis – October 17, 2018 Forecast

    Based on the early trade, the direction of the December Comex Gold futures contract is likely to be determined by trader reaction to the Fib level at $1235.80 and the 50% level at $1222.70.