• Gold Price Forecast – Gold markets find support
    FX Empire7 hours ago

    Gold Price Forecast – Gold markets find support

    Gold markets pulled back a bit during the trading session on Monday, in what would have been relatively thin trading. We did find support at the $1280 level, which is a good sign as it is so important.

  • USD/JPY Price Forecast – US dollar continues to levitate
    FX Empire7 hours ago

    USD/JPY Price Forecast – US dollar continues to levitate

    The US dollar continues to levitate a bit against the Japanese yen during the day on Monday, but keep in mind that the Martin Luther King holiday of course would have a lot of influence on what the Americans were doing as they were mainly away from their desks during the day.

  • GBP/USD Price Forecast – British pound stabilizes on Monday
    FX Empire7 hours ago

    GBP/USD Price Forecast – British pound stabilizes on Monday

    The British pound stabilized a bit during the trading session on Monday, as the 1.2850 level seems to be offering support yet again. Ultimately, I think that this market is still gyrating to the “thought of the moment” when it comes to Brexit.

  • GBP/JPY Price Forecast – British pound pulls back to kick off week
    FX Empire7 hours ago

    GBP/JPY Price Forecast – British pound pulls back to kick off week

    The British pound pulled back initially during the trading session on Monday but found enough support underneath to turn around and it stabilized a bit. We are right at the 50 day EMA, and more importantly the ¥141 level. This is an area that has been important more than once.

  • EUR/USD Price Forecast – Euro rallies then fails
    FX Empire7 hours ago

    EUR/USD Price Forecast – Euro rallies then fails

    The Euro rallied a bit during the trading session on Monday, and then gave up all of those gains to reach towards the 1.1350 level. This is a negative turn of events, but we are still in the “rounded bottom” that I had pointed out previously, it’s a bit early to start shorting. Beyond that, I see several points of support underneath.

  • AUD/USD Price Forecast – Aussie continues to slump
    FX Empire7 hours ago

    AUD/USD Price Forecast – Aussie continues to slump

    The Australian dollar initially tried to rally during the trading session on Monday but gave back the gains and rolled over towards the 0.7150 level. At this point, it certainly looks as if we are running out of momentum to the upside, so I think it’s only a matter of time before we fall a bit further.

  • Gold Price Prediction – Prices Slide Through Support
    FX Empire8 hours ago

    Gold Price Prediction – Prices Slide Through Support

    Stronger than expected Chinese retail Sales and Industrial production also buoyed global yields weighing on gold prices. Momentum has recently turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occur as the MACD line (the 12-day moving average minus the 26-day moving average) crosses below the MACD signal line (the 9-day moving average of the MACD line.

  • MarketWatch8 hours ago

    FTSE 100 inches up after China data; May to outline latest Brexit proposal

    London markets were up on Monday, as China announces its economy had grown by 6.6% in 2018 and investors wait for Prime Minister Theresa May to outline her latest Brexit proposal to parliament

  • USD Looks Stable
    FX Empire9 hours ago

    USD Looks Stable

    Early in a new week of January, EURUSD reached stability close to 1.1380 after several days of sales. Despite a lot of risks, the USD is looking pretty stable.

  • USD/CAD Daily Price Forecast – USD Continues Recovery Price Action For Third Consecutive Session
    FX Empire10 hours ago

    USD/CAD Daily Price Forecast – USD Continues Recovery Price Action For Third Consecutive Session

    Rangebound price action to continue during American market hours amid thin trading volume as US market is closed for the day.

  • Gold Steady On Sustained Safe Haven Demand From European Market
    FX Empire14 hours ago

    Gold Steady On Sustained Safe Haven Demand From European Market

    Gold continues to trade positive supported by steady demand from European markets as investors remain cautious over ongoing political debacle and Brexit proceedings.

  • Commodities Daily Forecast – January 21, 2019
    FX Empire15 hours ago

    Commodities Daily Forecast – January 21, 2019

    The gold prices have pulled back in the Friday’s session, reaching down to the $1280 level which is offering a bit of support. The market will continue to be bullish in the long term as the Federal Reserve is likely to go easy on rate hikes. The silver market has entered a bearish territory of the trend by breaking below the supportive $15.50 level.

  • Forex Daily Outlook – January 21, 2019
    FX Empire15 hours ago

    Forex Daily Outlook – January 21, 2019

    If the market breaks below the 1.1350 level, then it could break down towards the 1.12 level. The AUD witnessed a massive resistance as it tried to break higher but has pulled back from there. It has been a bit bullish in the market and if the market breaks above the 110 level, then the market could witness a lot of upside pressure.

  • Investing.com15 hours ago

    Gold Prices Fall to 2019 Low

    Investing.com - Gold prices fell on Monday to their lowest level of the year, as investor appetite for risk held up despite data showing China's 2018 economic growth slowed to a near three-decade low.

  • Investing.com16 hours ago

    Cryptocurrencies Move Lower as OECD Calls for Global ICO Regulation

    Investing.com - Cryptocurrencies traded lower on Monday as the Organization for Economic Cooperation and Development (OECD) called for global coordination on the regulation of initial coin offerings (ICO).

  • GBP/USD Price Forecast – Consolidative Action To Continue Ahead of Today’s UK Parliament Meet
    FX Empire16 hours ago

    GBP/USD Price Forecast – Consolidative Action To Continue Ahead of Today’s UK Parliament Meet

    The pair is on a consolidative action post corrective price rally as investors await further updates from today’s UK parliament session before placing major bets.

  • EUR/USD Price Forecast – Upside Limited Despite Rebound Action Owing to Lack Of Fundamental Support
    FX Empire17 hours ago

    EUR/USD Price Forecast – Upside Limited Despite Rebound Action Owing to Lack Of Fundamental Support

    EURO continues to suffer bearish influence from ongoing political issues in the European market, the bearish pressure is further intensified owing to escalating Sino-U.S. trade war tensions.

  • Investing.com18 hours ago

    Top 5 Things to Know in The Market on Monday

    Investing.com - Here are the top five things you need to know in financial markets on Monday, January 21:

  • Investing.com18 hours ago

    Sterling slides before May outlines Brexit plan B

    Investing.com - The pound slid on Monday as British Prime Minister Theresa May prepared to outline her Plan B for Brexit, designed to break the deadlock in parliament by setting out proposals that are expected to focus on winning more concessions from the European Union.

  • Investing.com20 hours ago

    Yen Firms as China Growth Slows, Dollar Dips

    Investing.com -The safe haven Japanese yen firmed against the dollar on Monday as investors digested the latest signs of a slowdown in China after data pointing to a dip in fourth quarter growth.

  • Trade Uncertainty and China’s Slow Down Test Resilience Ahead of Brexit Plan B
    FX Empire20 hours ago

    Trade Uncertainty and China’s Slow Down Test Resilience Ahead of Brexit Plan B

    With a Plan B seemingly in the wind, Theresa May could be in hot water later today, with Parliament getting restless.

  • Investing.com21 hours ago

    Gold Prices Flat as Investors Await Further Sino-U.S. Trade Development

    Investing.com - Gold prices traded near flat on Monday in Asia as investors awaited further news on trade talks for signs of a resolution in the U.S.-China dispute.

  • Investing.com23 hours ago

    Yuan Falls After GDP Data; Pound Flat as May Prepares to Reveal “Plan B”

    Investing.com - The Chinese yuan fell on Monday in Asia after data showed China’s GDP slowed in the fourth quarter.

  • Price of Gold Fundamental Weekly Forecast – Sudden Strength in Dollar Pressuring Gold Prices
    FX Empireyesterday

    Price of Gold Fundamental Weekly Forecast – Sudden Strength in Dollar Pressuring Gold Prices

    This week, the price action in gold will continue to be driven by the movement in U.S. Treasury yields and appetite for risk. Rising yields and stock prices should dampen demand for gold. Technically, traders may try to pressure sell stops under the recent low at $1278.10. If successful, they could trigger a break into $1268.50. All bets will off for a steep break if buyers can recapture $1289.20.

  • AUD/USD and NZD/USD Fundamental Weekly Forecast – Pressured by Rising U.S. Treasury Yields, Domestic Concerns
    FX Empire2 days ago

    AUD/USD and NZD/USD Fundamental Weekly Forecast – Pressured by Rising U.S. Treasury Yields, Domestic Concerns

    The tone changed from short-term bullish to short-term bearish last week when U.S. Treasury yields started to rise. This helped make the U.S. Dollar a more attractive investment. Yields are being boosted by increased demand for risky assets tied to the optimism over the positive developments in the trade talks between the United States and China.