• Hedge-fund manager Marc Lasry says $40,000 bitcoin is achievable
    MarketWatch25 minutes ago

    Hedge-fund manager Marc Lasry says $40,000 bitcoin is achievable

    Bitcoin is in rally mode, apparently. After months in the doldrums, the No. 1 digital currency extends its gains on Wednesday after following a sharp run-up in the previous session.

  • Dollar Flat on Weak U.S. Housing Data
    Investing.com2 hours ago

    Dollar Flat on Weak U.S. Housing Data

    Investing.com – The dollar was unchanged against its rivals Wednesday as gains on the back of a slump in the pound were offset by soft U.S. economic data showing subdued housing market activity.

  • Dollar strength persists after upbeat Fed assessment of economy
    MarketWatch3 hours ago

    Dollar strength persists after upbeat Fed assessment of economy

    A popular U.S. dollar index extends its gains on Wednesday, reflecting a broad advance in the buck against its major rivals.

  • Gold Remains Near One-Year Low
    Investing.com4 hours ago

    Gold Remains Near One-Year Low

    Gold prices were steady near a one-year low on Wednesday as a higher dollar and comments from Federal Reserve Chair Jerome Powell continued to weigh. Comex gold futures for August delivery decreased 0.29% to $1,223.80 a troy ounce as of 10:46 AM ET (14:46 GMT). Powell reiterated the central bank should gradually increase interest rates at his hearing at Congress on Tuesday.

  • European stocks close at highest level in more than a month
    MarketWatch5 hours ago

    European stocks close at highest level in more than a month

    The pan-European equity index finish at the highest level in more than a month Wednesday, extending gains in the region to a second session amid a weakening euro and a round of well-received corporate results that fostered buying appetite.

  • Stocks - Wall Street Flat as Trade Tensions Creep In
    Investing.com5 hours ago

    Stocks - Wall Street Flat as Trade Tensions Creep In

    The S&P 500 gained a quarter of a point, or 0.01%, to 2,809.79 as of 9:37 AM ET (13:37 GMT), while the Dow decreased 10 points, or 0.04%, to 25,109.01 and the tech-heavy NASDAQ Composite was down four points, or 0.06%, to 7,850.33.

  • Bitcoin Surges; Mastercard Tries to Speed Up Crypto Payments
    Investing.com6 hours ago

    Bitcoin Surges; Mastercard Tries to Speed Up Crypto Payments

    Bitcoin was trading at $7,459.70, rising 10.16% on the Bitfinex exchange, as of 8:55 AM ET (12:55 GMT).

  • Rising Two-Year Treasury Yields Indicate No Worries Over Trade Disputes
    FX Empire7 hours ago

    Rising Two-Year Treasury Yields Indicate No Worries Over Trade Disputes

    Look at the price action in the Treasury markets for the true assessment of the economy rather than to try to make a financial decision based on politics or what Trump said or did like others. Frankly, I don’t know how anyone can make a trading decision based on the emotions of the President. Some analysts continue to try to make everything the President says or does a trading issue, but I’ve never seen it baked into a trading system.

  • Technical Checks For Important CAD Pairs: 18.07.2018
    FX Empire7 hours ago

    Technical Checks For Important CAD Pairs: 18.07.2018

    In case the quote fails to cross the 1.3265 immediate barrier, it can revisit the 1.3220-15 zone, breaking which 1.3160 and an upward slanting TL, at 1.3125, may confine the pair’s following declines. While USDCAD has another resistance to break after clearing an intermediate hurdle, the GBPCAD’s recent break of ascending trend-line can’t be termed as a sign of its plunge unless closing below the 1.7160 TL-mark on a daily basis.

  • EUR/USD Mid-Session Technical Analysis for July 18, 2018
    FX Empire8 hours ago

    EUR/USD Mid-Session Technical Analysis for July 18, 2018

    Based on the early trade, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at 1.1617. Basically, look for a potential acceleration to the downside under 1.1601 or a labored short-covering rally over 1.1617.

  • Stocks - U.S. Futures Flat Ahead of Earnings
    Investing.com8 hours ago

    Stocks - U.S. Futures Flat Ahead of Earnings

    Investing.com - U.S. stock futures were flat Wednesday as investors digested earnings news and waited for the second day of testimony from Federal Reserve Chair Jerome Powell.The S&P 500 futures was flat at 2.811.25 as of 6:56 AM ET ( 10:56 GMT) while Dow futures increased six points or 0.02% to 25,112.0. Meanwhile tech heavy Nasdaq 100 futures lost six points or 0.08% to 7,415.75.Powell is expected to deliver his semiannual testimony to the House Financial Services Committee at 10:00 AM ET (14:00 GMT). ...

  • Sterling Hits 10-Month Lows on Weak UK Inflation Data
    Investing.com10 hours ago

    Sterling Hits 10-Month Lows on Weak UK Inflation Data

    Investing.com - The pound fell to the lowest levels in 10 months against the broadly stronger dollar on Wednesday, as unexpectedly weak UK inflation data diminished chances for an August rate hike by the Bank of England.

  • Bitcoin surges 10%, blows through $7,000 level
    MarketWatch10 hours ago

    Bitcoin surges 10%, blows through $7,000 level

    Bitcoin prices surged higher Tuesday afternoon as the virtual unit extended the previous session’s sharp rally.

  • The Potential of USD Growth is Limited, Global Stocks Edge Higher after Powell’s Testimony
    FX Empire10 hours ago

    The Potential of USD Growth is Limited, Global Stocks Edge Higher after Powell’s Testimony

    Powell’s speech with the semiannual report in the U.S. Congress contained an optimistic view on the economic outlook. Such a tone has reduced fears that trade wars will negatively affect economic valuations.

  • FTSE 100 rises, pound slumps as inflation data sow doubt over August rate rise
    MarketWatch11 hours ago

    FTSE 100 rises, pound slumps as inflation data sow doubt over August rate rise

    U.K. stocks rose for a second straight day on Wednesday, boosted by a slide in the pound after a disappointing reading on British inflation raised doubts about an August rate rise.

  • Dollar Hits 6-Month Highs vs. Yen on Powell Comments
    Investing.com11 hours ago

    Dollar Hits 6-Month Highs vs. Yen on Powell Comments

    Investing.com - The broadly stronger dollar hit six month highs against the yen on Wednesday as optimistic comments from the head of the U.S. Federal Reserve reinforced expectations that the central bank is on track to keep gradually raising interest rates.

  • Price of Gold Fundamental Daily Forecast – Long Liquidation, New Short-Selling Ahead of Second Day of Powell Testimony
    FX Empire12 hours ago

    Price of Gold Fundamental Daily Forecast – Long Liquidation, New Short-Selling Ahead of Second Day of Powell Testimony

    The reaction by bearish traders in the gold market to Powell’s testimony indicates that they are happy with the economy and the Fed’s “gradual” pace of interest rate hikes. The charts indicate that resistance is the old tops at $1228.20 and $1230.70. On the downside, the next target is the February 2017 bottom at $1217.20. This price is the trigger point for a steep sell-off with $1158.40 the next major downside target.

  • GBP sinks, AUDJPY goes lower. USDCAD with a nice reversal pattern
    FX Empire13 hours ago

    GBP sinks, AUDJPY goes lower. USDCAD with a nice reversal pattern

    Worse CPI in the UK sends the GBP lower. On the GBPCAD it helps to break the long-term up trendline and the lower line of the rectangle. That is a strong sell.

  • Gold Hits One Year Low Post Powell’s Hawkish Speech
    FX Empire13 hours ago

    Gold Hits One Year Low Post Powell’s Hawkish Speech

    On Wednesday, gold prices held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman Jerome Powell’s U.S. economic outlook reinforced views that the central bank is on track to steadily hike interest rates.

  • Commodities Daily Forecast – July 18, 2018
    FX Empire13 hours ago

    Commodities Daily Forecast – July 18, 2018

    The gold market has broken down significantly during the yesterday’s session, slicing through the $1230 level. The market has a significant support at the $1225 level and if it breaks this level, then the gold prices are likely to break down towards the $1200 level. The silver prices broke down significantly during the yesterday’s session reaching down to the $15.50 level.

  • Pound Falls on Brexit Concerns, UK Inflation Rate Hike in Doubt after Inflation Data
    FX Empire14 hours ago

    Pound Falls on Brexit Concerns, UK Inflation Rate Hike in Doubt after Inflation Data

    The British Pound continues its fall on Wednesday morning, trading at 1.3087, down 0.18%. The pound falls on reports that Theresa May could face a defeat on the latest Brexit Vote.

  • Forex Daily Outlook – July 18, 2018
    FX Empire14 hours ago

    Forex Daily Outlook – July 18, 2018

    The market in the present scenario is going to be extremely noisy as the Brexit negotiations and strength in USD will keep the market under pressure. The market will remain under pressure as the Brexit negotiations gathered pace and fall in Tuesday’s session is likely due to an indication that the UK is going to leave EU customs union without a deal.

  • GBP/USD Daily Price Forecast – Brexit Continues to Weigh On GBP/USD Ahead of UK CPI Data
    FX Empire14 hours ago

    GBP/USD Daily Price Forecast – Brexit Continues to Weigh On GBP/USD Ahead of UK CPI Data

    The pair has finally yielded to the pressure due to the uncertainty in the Brexit process and this has led to the breach of the 1.32 region

  • EUR/USD Daily Price Forecast – EUR/USD on Bearish Slide as Greenback Spiked up Post Hawkish Powell’s Speech
    FX Empire14 hours ago

    EUR/USD Daily Price Forecast – EUR/USD on Bearish Slide as Greenback Spiked up Post Hawkish Powell’s Speech

    Though the pair has fallen, it is likely to continue to be in range as the fundamentals are not strong enough to push for a break of the range

  • “Largest Bilateral Trade Deal Ever” – Trade Deal Between Japan and the European Union Covers 600 Million People
    FX Empire14 hours ago

    “Largest Bilateral Trade Deal Ever” – Trade Deal Between Japan and the European Union Covers 600 Million People

    The European Union and Japan signed a historic deal on Tuesday that will remove any tariffs on products they exchange.