• Investing.com9 minutes ago

    Gold Prices Inch Up as Dollar Slips

    Investing.com - Gold prices inched up while the dollar slipped on Thursday following reports that China delivered a written response to U.S. trade demand, and that the two nations resumed talks earlier this week to diffuse their trade disputes.

  • Investing.com1 hour ago

    Pound Rises as May Secures Cabinet Support for Brexit Deal

    Investing.com - The British Pound rose on Thursday following reports that U.K. Prime Minister Theresa May secured support from her Cabinet for a draft Brexit deal.

  • Investing.com1 hour ago

    Bitcoin Extends Losses After Hitting One-Year Low

    Investing.com - Bitcoin and other major cryptocurrencies took a nosedive on Thursday morning in Asia, after a major sell-off in the previous session. Bitcoin dropped below a one-year low of $6,000, while some analysts attributed the plunge to spillover in U.S. stock markets.

  • Employment Figures Give the AUD a Boost, with Brexit and Italy Still in Focus
    FX Empire6 hours ago

    Employment Figures Give the AUD a Boost, with Brexit and Italy Still in Focus

    The Aussie Dollar rallies early on better than expected employment numbers, with UK and Retail sales, Brexit and Italy to keep an eye on.

  • USD/JPY Fundamental Daily Forecast – Weakens on Easing Tensions Over Brexit, Heightened Stock Market Volatility
    FX Empire7 hours ago

    USD/JPY Fundamental Daily Forecast – Weakens on Easing Tensions Over Brexit, Heightened Stock Market Volatility

    The main focus will be on the direction of the U.S Dollar, which is being dominated by the Euro and optimism over a Brexit deal. Safe-haven buying due to the weaker stock market could also drive investors into the Japanese Yen.

  • AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Traders Bracing for Employment Change, Unemployment Rate Reports
    FX Empire8 hours ago

    AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Traders Bracing for Employment Change, Unemployment Rate Reports

    Australian Dollar traders are bracing for the release of the Employment Change report at 0030 GMT. It is expected to show the economy added 19.9K jobs in October. The Unemployment Rate is expected to inch higher to 5.1%.

  • Europe markets close lower as stocks fail to defend rebound
    MarketWatch9 hours ago

    Europe markets close lower as stocks fail to defend rebound

    European markets finish lower on Wednesday as stocks failed to capitalize on an earlier rebound as economic and political worries continued to weigh.

  • Bitcoin plunges nearly 15%, makes fresh 2018 low
    MarketWatch10 hours ago

    Bitcoin plunges nearly 15%, makes fresh 2018 low

    Bitcoin prices tumbled on Wednesday, crashing through the psychological $6,000 level and making a new low for 2018.

  • Investing.com10 hours ago

    Dollar Down as Sterling Rises After May Secures Cabinet Support

    Investing.com – The dollar continued to give up gains against its rivals Wednesday following subdued inflation data and a rise in sterling after UK Prime Minister Theresa May secured support from her Cabinet for a draft Brexit deal.

  • Investing.com11 hours ago

    Gold Breaks Below $1,200 Again, Before Settling Higher

    Investing.com - Anxiety over the U.S.-China trade war and Brexit is keeping gold's $1,200 perch alive, even as the dollar tries to gain leverage against the yellow metal on the same concerns.

  • Brexit plan clears first hurdle but tough part lies ahead
    MarketWatch11 hours ago

    Brexit plan clears first hurdle but tough part lies ahead

    British Prime Minister Theresa May wins approval of her Brexit plan from parliament, but a hard-fought battle—and market volatility—lies ahead.

  • British pound trades higher after Brexit withdrawal proposal gets first stamp of approval
    MarketWatch11 hours ago

    British pound trades higher after Brexit withdrawal proposal gets first stamp of approval

    The British pound traded higher Wednesday after Prime Minister Theresa May said her cabinet had approved a draft EU withdrawal agreement.

  • Euro, pound rise as U.K. PM May gets backing on Brexit deal
    Reuters11 hours ago

    Euro, pound rise as U.K. PM May gets backing on Brexit deal

    It is unclear whether she has enough votes to clinch approval in parliament."The real challenge is the parliament," said Marc Chandler, chief market strategist at Bannockburn Global Forex LLC in New York. "The hard work really lies ahead." Hopes the U.K. parliament would approve a draft accord for Britain to leave the European Union have bolstered the pound and provided some support for the euro. Italy re-submitted its draft budget for next year to the European Commission with the same growth and deficit assumptions but with falling debt, the new draft showed.At 3:49 p.m. (2049 GMT), the euro was up 0.34 percent at $1.13255, erasing an earlier loss tied partly to weak regional growth data.

  • MarketWatch12 hours ago

    Pound edges higher after U.K. PM Theresa May says she's secured cabinet approval for Brexit plan

    The British pound rose on Wednesday against its main rivals in up-and-down action, after U.K. Prime Minister Theresa May said she won her cabinet's backing for an orderly withdrawal from the European Union, setting the stage for further votes on Britain's exit from the European Union. "This is a decision which is in the best interest our entire United Kingdom," May said, after a five-hour meeting at 10 Downing St. "The collective decision of the cabinet was that the government should support the draft withdrawal agreement," May said. The pound was trading at $1.2995 against the dollar, versus $1.2969 late Tuesday. The sterling had traded as low as $1.2869 earlier in the session, before rising above $1.3030. The draft will head to an EU summit meeting later this month, where a tougher vote on Parliament will proceed. Irish Prime Minister Leo Varadkar said the meeting could be as soon as Nov. 25.

  • Gold Price Prediction – Prices Rally as Yields Drop
    FX Empire12 hours ago

    Gold Price Prediction – Prices Rally as Yields Drop

    Gold prices rebounded on Wednesday as riskier assets continued to move lower and the dollar declined.  A stronger than expected CPI provided the back drop for lower yields which paved the way for lower gold prices. The decline in the 10-year yield comes as the global growth story continues to perpetuate.

  • FTSE 100 ends lower as traders watch for Brexit news
    MarketWatch13 hours ago

    FTSE 100 ends lower as traders watch for Brexit news

    U.K. stocks surrendered early gains Wednesday, finishing in the red as worries that Prime Minister Theresa May and the Conservative Party would not hash out a Brexit deal in time grew. European Union and U.K. negotiators reached a draft Brexit deal in Brussels on Tuesday that May was due to put to her cabinet Wednesday afternoon. A final deal must be reached by March 29, when the U.K. is due to leave the trading bloc, but May’s cabinet has to approve any proposal, which must then be ratified by the British Parliament.

  • Investing.com14 hours ago

    Litecoin Tumbles 23% In Rout

    Investing.com - Litecoin was trading at $41.609 by 11:32 (16:32 GMT) on the Investing.com Index on Wednesday, down 22.67% on the day. It was the largest one-day percentage loss since September 14, 2017.

  • Investing.com14 hours ago

    U.S. Dollar Pares Back Gains After Inflation Data

    Investing.com - The dollar pared back earlier gains on Wednesday after inflation data supported the Federal Reserve increasing rates at a gradual pace.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.27% to 96.88 as of 11:15 AM ET (16:15 GMT).Data on Wednesday showed that the annual core consumer price index (CPI) rose 2.1%, which was less than expected.Core prices are viewed by the Federal Reserve as a better gauge of longer-term inflationary pressure because they exclude the volatile food and energy categories. ...

  • MarketWatch14 hours ago

    Pound zigzags ahead of expected press statement on Brexit from Theresa May

    The pound whipsawed amid confusion around whether U.K. Prime Minister Theresa May would deliver a statement Wednesday to the news media, following a cabinet meeting where she presented a draft Brexit agreement. According to recent reports, May is still expected to deliver a statement. The pound fell 0.2% against the greenback, buying $1.294 on Wednesday. The currency was buoyed on Tuesday by talk of a draft deal that would resolve the border issue in Northern Ireland, a sticking point in Brexit negotiations.

  • Investing.com15 hours ago

    Litecoin Falls 10% In Selloff

    Investing.com - Litecoin was trading at $46.409 by 10:42 (15:42 GMT) on the Investing.com Index on Wednesday, down 10.21% on the day. It was the largest one-day percentage loss since October 11.

  • Gold Price Forecast – Gold markets testing support
    FX Empire15 hours ago

    Gold Price Forecast – Gold markets testing support

    Gold markets continue to hang about the $1200 level, an area that of course will attract a lot of attention. We are also testing and uptrend line, so we may be getting ready to see a move.

  • USD/JPY Price Forecast – US dollar continues to push
    FX Empire16 hours ago

    USD/JPY Price Forecast – US dollar continues to push

    The US dollar rallied a bit during the trading session on Wednesday, reaching towards the top of the couple previous candles during the week, showing signs of exhaustion near the ¥114 level, that extends to at least the ¥114.50 level, if not the ¥115 level.

  • GBP/USD Price Forecast – British pound looking for support
    FX Empire16 hours ago

    GBP/USD Price Forecast – British pound looking for support

    The British pound fell during most of the session on Wednesday but did find a certain amount of support at the 1.29 level to turn things around and show signs of life again. However, this market continues to show significant volatility and sensitivity to random headlines.

  • GBP/JPY Price Forecast – British pound finds a bit of support against yen
    FX Empire16 hours ago

    GBP/JPY Price Forecast – British pound finds a bit of support against yen

    The British pound pulled back against the Japanese yen initially during the trading session on Friday but found enough support near the ¥147 level to turn around and form a hammer. This hammer suggests that we are trying to break towards the upside but there is so much in the way of noise between here and the ¥150 level that I think we will find sellers.

  • EUR/USD Price Forecast – Euro finding support
    FX Empire16 hours ago

    EUR/USD Price Forecast – Euro finding support

    The Euro pulled back a bit during the trading session on Wednesday but turned around of form a bit of a hammer. That of course is a bullish sign, and it looks as if there is a lot of fight in this pair just below the 1.13 level. That being said, we are most certainly in a downtrend overall.