• Investing.com4 minutes ago

    Crypto Falls; IMF Chief Tells Central Banks to Consider Issuing Digital Coins

    Cryptocurrency prices were lower on Wednesday, even as International Monetary Fund director Christine Lagarde urged central banks to look into issuing digital currencies. “Various central banks around the world are seriously considering these ideas,” Lagarde said in Singapore on Wednesday. “While the case for digital currency is not universal, we should investigate it further, seriously, carefully and creatively.

  • British pound softens as May attempts to push controversial Brexit deal
    MarketWatch1 hour ago

    British pound softens as May attempts to push controversial Brexit deal

    The British pound weakens slightly versus rivals as U.K. Prime Minister Theresa May attempts to convince a deeply divided government to back a Brexit deal with the European Union.

  • Europe stocks trim losses as oil prices rise
    MarketWatch1 hour ago

    Europe stocks trim losses as oil prices rise

    EUROPE MARKETS European stocks moved higher on Wednesday, reversing earlier losses triggered by swirling economic and political worries, with climbing oil prices and gains in the auto sector helping out.

  • Investing.com2 hours ago

    Stocks - U.S. Futures Flat to Lower, Inflation Data in Focus

    Investing.com - U.S. futures pointed to a flat to lower open Wednesday, as talks between the U.S. and China failed to lift sentiment and investors looked ahead to inflation data.

  • Bitcoin slides to one-month low
    MarketWatch2 hours ago

    Bitcoin slides to one-month low

    CRYPTOWATCH Bitcoin traded lower Wednesday, on track for a third consecutive losing session. In midmorning trade, a single bitcoin (BTCUSD) was fetching $6,261.36, down 1.1% since Tuesday at 5 p.m. Eastern Time on the Kraken crypto exchange.

  • Euro under pressure as Italy sticks to deficit target in budget
    Reuters3 hours ago

    Euro under pressure as Italy sticks to deficit target in budget

    Italy re-submitted its draft budget for next year to the European Commission with the same growth and deficit assumptions as a draft rejected last month for breaking European Union rules, but with falling debt, the new draft showed. Thu Lan Nguyen, a strategist at Commerzbank, said she "did not anticipate an escalation in the crisis in Italy", but "much will depend on how the Europeans react.

  • Investing.com5 hours ago

    Dollar Dips, Pound Slips below 1.30 before Brexit Meeting

    Investing.com - The dollar dipped against a currency basket on Wednesday, while the pound slipped back below the 1.30 level ahead of a key UK cabinet meeting to debate the draft agreement on Brexit hammered out after more than a year of talks.

  • Reuters5 hours ago

    Euro zone GDP growth rate confirmed at four-year low

    The euro zone economy grew at its slowest pace in four years in the third quarter of 2018, while employment growth also eased during the period, data released on Wednesday showed. Euro zone gross domestic product (GDP) rose by 0.2 percent in the July-Sept period, European statistics agency Eurostat reported, confirming its earlier preliminary flash estimate from Oct. 30. The economy of Germany, the euro zone's largest, contracted by 0.2 percent, France's was 0.4 percent stronger, while Italy's was unchanged in the quarter.

  • Reuters5 hours ago

    Nifty, Sensex lose steam, firm rupee drags IT

    (Reuters) - Indian shares erased earlier gains to close little changed on Wednesday, with a firm rupee weighing on IT and healthcare stocks, while private sector lender ICICI Bank Ltd rose to a record ...

  • EUR/USD 1.1300 is The Major Order Block
    FX Empire6 hours ago

    EUR/USD 1.1300 is The Major Order Block

    Hi traders,

  • EURUSD tests the broken support as a resistance. Potentially huge movement on the CADCHF. Correction on Oil?
    FX Empire6 hours ago

    EURUSD tests the broken support as a resistance. Potentially huge movement on the CADCHF. Correction on Oil?

    EURUSD is currently testing the broken 1.13 psychological support as a closest resistance. This movement is quite typical for the forex market and is a normal type of a price action. The first contact with the resistance resulted with a bounce but it looks like buyers will try one more time.

  • Price of Gold Fundamental Daily Forecast – Euro Should Exert Biggest Influence on Gold Today
    FX Empire6 hours ago

    Price of Gold Fundamental Daily Forecast – Euro Should Exert Biggest Influence on Gold Today

    We’re looking at a possible two-sided trade today unless the dollar makes a definitive move in either direction. The Brexit news may have created more uncertainty for Euro traders because the details haven’t been released yet. Furthermore, it still has to be approved by the UK politicians.

  • Investing.com7 hours ago

    Gold Prices Edge Up; Dollar Flat

    Investing.com - Gold prices edged up on Wednesday while the dollar remained unchanged, as investors awaited a speech by Federal Reserve chairman Jerome Powell due later in the day.

  • Investing.com7 hours ago

    Yuan Flat After Mixed China Economic Data; Dollar Unchanged

    Investing.com - The yuan was flat on Wednesday after China reported a mixed economic report card for October. The dollar was unchanged as traders awaited Federal Reserve chairman Jerome Powell’s speech later in the day.

  • Investing.com9 hours ago

    Cryptocurrencies Mixed as Investors Show Confidence in Blockchain Technology

    Investing.com - Cryptocurrency prices were mixed on Wednesday morning in Asia, with Bitcoin alone edging up among other major digital tokens, and HSBC investing in New York-based blockchain startup Axoni on Tuesday.

  • AUD/USD and NZD/USD Fundamental Daily Forecast – Optimism Over US-China Trade Relations Underpinning Aussie, Kiwi
    FX Empire9 hours ago

    AUD/USD and NZD/USD Fundamental Daily Forecast – Optimism Over US-China Trade Relations Underpinning Aussie, Kiwi

    The AUD/USD and NZD/USD should continue to be underpinned as long as investors remain optimistic over the developments over US-China trade relations. Technical factors could slow down the rally because both Forex pairs are nearing potential resistance areas. A risk-off scenario because of heightened stock market volatility, or turmoil in Europe is likely to drive investors into the safe-haven U.S. Dollar, which could put pressure on the AUD/USD and the NZD/USD.

  • USD/JPY Fundamental Daily Forecast – Stronger-Than-Expected CPI Data Could Trigger Upside Breakout
    FX Empire10 hours ago

    USD/JPY Fundamental Daily Forecast – Stronger-Than-Expected CPI Data Could Trigger Upside Breakout

    Generally speaking, renewed demand for risky assets and higher Treasury yields should drive the USD/JPY through this week’s high at 114.210 and into the October high at 114.580, followed by the November 6, 2017 main top at 114.728. The latter is a potential trigger point for an acceleration to the upside. A risk-off scenario because of heightened stock market volatility, or turmoil in Europe is likely to drive investors into the safe-haven Japanese Yen, leading to a weaker USD/JPY.

  • AUD/USD Forex Technical Analysis – Strengthens on Sustained Move Over Weekly Gann Angle at .7217
    FX Empire12 hours ago

    AUD/USD Forex Technical Analysis – Strengthens on Sustained Move Over Weekly Gann Angle at .7217

    Based on this week’s price action, the direction of the AUD/USD the rest of the week is likely to be determined by trader reaction to the downtrending Gann angle at .7217.

  • Gold Price Futures (GC) Technical Analysis – Weekly Chart Strengthens Over $1206.60, Weakens Under $1197.20
    FX Empire13 hours ago

    Gold Price Futures (GC) Technical Analysis – Weekly Chart Strengthens Over $1206.60, Weakens Under $1197.20

    The direction of the December Comex Gold market the rest of the week will be determined by trader reaction to the 50% level at $1206.60 and the 61.8% level at $1197.20.

  • Theresa May and Brexit Put the Pound Front and Centre
    FX Empire13 hours ago

    Theresa May and Brexit Put the Pound Front and Centre

    While inflation figures out of the UK and U.S and 3rd quarter GDP numbers out of Germany will be in Focus, it could all come down to Brexit and Italy.

  • Reuters15 hours ago

    ECB bond buying in final act as growth to bounce back - Reuters poll

    Euro zone GDP growth will hit a faster albeit still modest rate this quarter, allowing the European Central Bank to end its stimulus programme next month as planned, despite economic and political concerns, a Reuters poll found. The Nov 8-13 poll of nearly 90 economists predicted economic growth of 0.4 percent this quarter, double the unexpectedly weak 0.2 percent - the slowest pace in the bloc more than four years - of the third.

  • Investing.com16 hours ago

    Gold Ends Down But Bounces Back Above $1,200

    Investing.com - Gold broke below its long-held perch of $1,200 an ounce on Tuesday before settling above that key psychological level, keeping alive bullion fans' hopes of a recovery as equity markets struggled again.

  • A measure of bitcoin volatility fell to its lowest level since 2016
    MarketWatch18 hours ago

    A measure of bitcoin volatility fell to its lowest level since 2016

    Bitcoin prices are mostly unchanged Tuesday, extending the recent lull in price activity that has pushed a popular gauge of volatility to its lowest level in almost two years.

  • Investing.com18 hours ago

    Dollar Subdued as Sterling Shines on Brexit Divorce Deal Agreement

    Investing.com – The dollar eased against its rivals Tuesday, amid a surge in sterling after the European Union and Britain agreed a draft text of a Brexit withdrawal agreement, though doubts lingered about whether the U.K. parliament would back the deal.

  • Canadian dollar steadies after hitting four-month low on oil price slump
    Reuters19 hours ago

    Canadian dollar steadies after hitting four-month low on oil price slump

    The price of oil, one of Canada's major exports, plunged to lows not seen since last November due to ongoing worries about weakening global demand, oversupply and declines across other asset classes, including equities. U.S. crude oil futures settled 7.1 percent lower at $55.69 a barrel. The slide in oil prices "is delivering a very, very hard blow to the Canadian dollar," said Karl Schamotta, director global markets strategy at Cambridge Global Payments.