• MarketWatch3 hours ago

    British pound briefly pops momentarily as U.K.'s May offers option of second Brexit referendum

    The British pound on Tuesday momentarily strengthened against its main currency rivals, notably the euro and the U.S. dollar, as U.K. Prime Minister Theresa May made a final bid to pro-European Union members of parliament to support her deal to exit from Europe's trade bloc, which included the chance of a second referendum. May's Brexit deal has already been rejected three times by U.K. lawmakers, with the premier's latest effort being widely viewed as a last-ditch effort to get her Brexit deal passed, with the promise of a second referendum on Brexit, holding the potential to sway those lawmakers committed to remaining an EU member. May's comments, made at the end of a summit of EU leaders in Brussels, initially, took the British pound sharply higher against the the U.S. dollar and the euro , with a dollar buying $1.2754, up 0.2%, but it had been up $1.2813 at Tuesday's peak. The shared currency, meanwhile, was buying £0.8754, down 0.2%, but it had been as low as £0.8725, according to FactSet data.

  • Reuters5 hours ago

    Euro zone consumer confidence rises to -6.5 in May

    (Reuters) - Euro zone consumer confidence rose by 0.8 point in May from the April number, figures released on Tuesday showed. The European Commission said a flash estimate showed euro zone consumer morale ...

  • Turkey’s lira under pressure as central bank stages fresh defense of currency
    MarketWatch6 hours ago

    Turkey’s lira under pressure as central bank stages fresh defense of currency

    The Turkish lira on Tuesday was retreating against the U.S. dollar as the government told local banks to slow process currency purchases, a fresh attempt to tamp down speculative bets on lira, according to reports.

  • EUR/USD Mid-Session Technical Analysis for May 21, 2019
    FX Empire7 hours ago

    EUR/USD Mid-Session Technical Analysis for May 21, 2019

    Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to an uptrending Gann angle at 1.1155.

  • Price of Gold Fundamental Daily Forecast – Strengthening Dollar, Higher Yields Makes Gold Vulnerable to Steep Break
    FX Empire8 hours ago

    Price of Gold Fundamental Daily Forecast – Strengthening Dollar, Higher Yields Makes Gold Vulnerable to Steep Break

    The lack of safe-haven demand, higher yields and increased demand for risky assets should keep a lid on gold prices today. A potential upside breakout by the U.S. Dollar could also trigger a plunge in prices. Not only is the dollar being supported by rising rates and safe-haven demand, but weakness in the Euro and British Pound are also contributing to a firmer greenback.

  • USD/CAD Daily Forecast – Oil Price Upshot Amid Global Cues Undermining the Loonie
    FX Empire8 hours ago

    USD/CAD Daily Forecast – Oil Price Upshot Amid Global Cues Undermining the Loonie

    The Loonie is getting dragged due to rising crude prices. During the Asian session, the pair had attempted to resist the downfall but failed to persist. Traders expect upside on the release of US Housing Data.

  • MarketWatch8 hours ago

    European markets stage rebound after Monday malaise

    Though they didn’t erase Monday’s losses, investors piled back in amid slightly better news for Huawei

  • MarketWatch9 hours ago

    London markets move higher as pound hits four-month low

    London markets shook off a weakening pound and a disappointing industrial orders figure to erase Monday’s decline. The U.K.’s FTSE 100 (UK:UKX) is higher at 7,366.1, rising 0.8% to more than wipe out Monday’s 0.5% decline.

  • Investing.com10 hours ago

    Stocks - Wall Street Recovers as Restrictions on Huawei Temporarily Ease

    The S&P; 500 rose 17 points or 0.6% by 9:44 AM ET (13:44 GMT), while the Dow gained 128 points or 0.5% and tech-heavy Nasdaq composite was up 66 points or 0.9%.

  • Is Gold no Longer a Safe Haven?
    FX Empire11 hours ago

    Is Gold no Longer a Safe Haven?

    Potential gold investors are being left frustrated and sidelined by the yellow metal’s lack of momentum despite an escalating trade war, heightened concern about stability in the Middle East, recent stock market gyrations and the decline of bond yields towards an 18-month low.

  • GBP/USD Daily Forecast – Cable Bears Driving the Pair to its Four-Month Bottom
    FX Empire12 hours ago

    GBP/USD Daily Forecast – Cable Bears Driving the Pair to its Four-Month Bottom

    Brexit tensions and positive Greenback playing tug-of-war with Cable, bringing it down significantly. UK PM Theresa May to discuss her “New Modified Deal” today.

  • U.S. Dollar Index Futures (DX) Technical Analysis – May 21, 2019 Forecast
    FX Empire12 hours ago

    U.S. Dollar Index Futures (DX) Technical Analysis – May 21, 2019 Forecast

    Based on the early price action and the current price at 97.900, the direction of the June U.S. Dollar Index the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at 97.950.

  • EUR/USD Daily Price Forecast – Recovery may Halt Ahead of Growing Greenback & EU Elections
    FX Empire12 hours ago

    EUR/USD Daily Price Forecast – Recovery may Halt Ahead of Growing Greenback & EU Elections

    Economic Calendar stays lighter amid lack of EUR-specific events. Meanwhile, Greenback traders staying bullish over the upcoming US Housing Data.

  • Investing.com13 hours ago

    Stocks- Dow Recovers as U.S. Eases Huawei Restrictions for Now

    In commodities, crude oil gained 0.7% to $63.67 a barrel. Gold futures fell 0.1% to $1,275.45 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.2% to 97.907.

  • Three Great Trading Setups. EURUSD, USDCHF and Gold
    FX Empire13 hours ago

    Three Great Trading Setups. EURUSD, USDCHF and Gold

    May is definitely an interesting month on the market. It is hard to generally say if this is a month of a USD, or safe heavens or for example Bitcoin.

  • AUD/USD Forex Technical Analysis – May 21, 2019 Forecast
    FX Empire13 hours ago

    AUD/USD Forex Technical Analysis – May 21, 2019 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 long-term uptrending Gann angle at .6886.

  • USD/JPY Forex Technical Analysis – May 21, 2019 Forecast
    FX Empire14 hours ago

    USD/JPY Forex Technical Analysis – May 21, 2019 Forecast

    Based on the early price action, the direction of the USD/JPY on Tuesday is likely to be determined by trader reaction to the downtrending Gann angle at 110.030. A sustained move over 110.030 will indicate the presence of buyers. Taking out 110.318 will negate the reversal top, while a move through the 50% level at 110.355 could trigger a spike into the short-term Fibonacci level at 110.672.

  • NZD/USD Forex Technical Analysis – May 21, 2019 Forecast
    FX Empire15 hours ago

    NZD/USD Forex Technical Analysis – May 21, 2019 Forecast

    Look for the downtrend to continue at a pace of .001 per day as long as the NZD/USD remains under this level. Crossing to the weak side of the downtrending Gann angle at .6509 will indicate the selling pressure is getting stronger. This could trigger an eventual break into .6465 and .6424.

  • Investing.com16 hours ago

    Dollar Hits 3-Week High on Huawei Relief, RBA Rate Talk

    Investing.com -- The dollar hit a fresh three-week high against its developed-market peers in early trading in Europe Tuesday, after Federal Reserve Chairman Jerome Powell indirectly argued against cutting interest rates in the near term due to the already-high level of corporate debt.

  • RBA Rate Cut Talk Pins Back the Aussie Dollar as Trade Remains in Focus
    FX Empire16 hours ago

    RBA Rate Cut Talk Pins Back the Aussie Dollar as Trade Remains in Focus

    The RBA talks of rate cuts to pin back the Aussie Dollar as trade war jitters linger. Another quiet day on the stats leaves geopolitical risk in focus.

  • Investing.com18 hours ago

    Gold Prices Slip, Stocks Rebound as Trade Tensions Ease

    Investing.com - Prices of safe-haven gold slipped on Tuesday in Asia, while stock markets rebounded as traders cheered a reprieve in U.S.-China trade tensions after Washington temporarily eased restrictions on Chinese telecommunications giant Huawei.

  • Investing.com20 hours ago

    Aussie Dollar Slips After RBA Minutes; U.S. Dollar Near Flat

    Investing.com - The Australian dollar slipped against its U.S. counterpart on Tuesday in Asia after the Reserve Bank of Australia hinted that it would consider a case for a rate cut in June.

  • Aussie dollar rallies 1% after surprise election result
    MarketWatchyesterday

    Aussie dollar rallies 1% after surprise election result

    The Australian dollar rallied as much as 1% on Monday after the incumbent Liberal-National government retained power in a surprise election result defeating the favored Labor party.

  • Forex Daily Recap – Investors Anxious on Chinese Retaliation Over US Blacklisting Huawei
    FX Empireyesterday

    Forex Daily Recap – Investors Anxious on Chinese Retaliation Over US Blacklisting Huawei

    The Safe-haven pair dropped from last week’s high amid positive Japanese data and plunging USD Index. Iran Foreign Minister commented on Trump’s tweets against Iran as “genocidal taunts”.