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FX Empire20 hours ago
Is the EUR in for More Pain? There May be Choppier Waters Ahead
Trade talks delivered strong gains across the European and U.S equity markets last week. What’s on the horizon for the DAX and EUR?
Reutersyesterday
EMERGING MARKETS-Latam FX up on dovish Fed talk; Mexican peso capped by Pemex
Risk appetite towards Latin America was broadly boosted by Mary Daly suggesting the U.S. Federal Reserve may hold off on raising borrowing costs in 2019. Mexican officials said the government would infuse $3.6 billion into ailing state oil firm Pemex, aiming to bolster its finances and avert a further credit downgrade. Daly's comments enabled the peso to wipe away the losses it incurred after the announcement on Pemex.
MarketWatchyesterday
Bitcoin holds above $3,500, but analyst warns of lower prices ahead
Bitcoin prices slump midday Friday, with one expert cautioning that further declines were on the horizon for the world’s most popular digital asset.
Reutersyesterday
Speculators trim long dollar bets in week of Jan. 22-CFTC, Reuters
Speculators reduced their bullish bets on the U.S. dollar in the week ended Jan. 22 to the smallest position since September, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. In a wider measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian ruble, the U.S. dollar posted a net short position valued at $27.55 billion, down from $32.03 billion, a week earlier.
MarketWatchyesterday
Dollar retraces gains to end week lower
The U.S. dollar loses its strength in late Friday trading amid President Donald Trump’s signing of a spending bill that will avoid a renewed partial government shutdown and his declaration of a national emergency on border security.
FX Empireyesterday
Gold Price Prediction – Gold is Poised to Breakout and Test 2019 Highs
Soft US and Chinese Data is Helping to Buoy Gold Prices
MarketWatchyesterday
Trump sends letter to House, Senate saying he has declared national emergency
President Donald Trump has sent a letter to the House and Senate informing them that he has declared a national emergency. The declaration allows the secretary of defense to order units or reservists to active duty to support Department of Homeland Security activities at the southern border and to "engage in emergency construction as necessary to support the use of the Armed Forces and respond to the crisis at our southern border."
MarketWatchyesterday
European stocks log best weekly gain in 3½ months as banks gets a bump from ECB
European stocks finish sharply higher Friday, helping the pan-European benchmark produce its best weekly gain since early November, as investors cheer signs of progress on a U.S.-China trade deal.
FX Empireyesterday
Gold Weekly Price Forecast – Gold markets continue to show support
Gold markets fell a bit during the week but found support underneath the turn things around and form a bit of a hammer. The hammer of course was preceded by another one, showing just how resilient the market has been.
FX Empireyesterday
USD/JPY Weekly Price Forecast – US dollar rallies again
The US dollar rallied again during the week, breaking towards the 61.8% Fibonacci retracement level. However, we are starting to run into a bit of resistance, which of course makes sense as the Japanese yen is a bit of a safety currency.
FX Empireyesterday
GBP/USD Weekly Price Forecast – British pound testing support
The British pound has fallen again during the week but is testing a rather important area on the chart that could cause a lot of market reaction, if we can get the proper headlines right along with it.
FX Empireyesterday
GBP/JPY Weekly Price Forecast – British pound continues to grind against Japanese yen
The British pound went back and forth during the Japanese yen during the trading week, as we continue to see a lot of noise out there. However, we have recently seen a massive turnaround, and I think it is going to be crucial to the future of this market.
FX Empireyesterday
EUR/USD Weekly Price Forecast – Euro dress lower for the week
The Euro drifted a bit lower during the week as we continue to see concerns about the German economy and the global economy as well. Ultimately, I think that the market does have a significant amount of support underneath though.
FX Empireyesterday
AUD/USD Weekly Price Forecast – Aussie continues to find support
The Australian dollar went back and forth during the week but continues to find support at the same level that we have been paying attention to for some time. Because of this, I think that we do have more of an upside risk than anything else.
FX Empireyesterday
USD/JPY Price Forecast – US dollar looking for support
The US dollar fell a bit during the trading session on Friday, as we continue to see a lot of resistance above at the 200 day EMA. At this point, the 61.8% Fibonacci retracement level has offered significant resistance as well, but as we go into the weekend it looks like we are trying to find some type of footing.
FX Empireyesterday
GBP/USD Price Forecast – Pound trying to find legs
The British pound initially fell during trading on Friday but found enough support at a crucial juncture to turn things around and show fight yet again. This continues to be a lot of noise, but that’s typical if you’re going to get a trend change.
FX Empireyesterday
GBP/JPY Price Forecast – British pound finding support
The British pound pulled back a bit against the Japanese yen during the trading session on Friday but found enough support to turn around of form a bit of a hammer early in the day. This is a good sign, and it looks as if the British pound is finding buyers to turn things back around again.
FX Empireyesterday
EUR/USD Price Forecast – Euro finding support after break down
The Euro try to break down during the trading session on Friday, after comments by an ECB member. However, it has shown a resilient attitude, as we have turned right back around to show signs of life.
FX Empireyesterday
AUD/USD Price Forecast – Australian dollar continues to consolidate
The Australian dollar initially fell during the trading session on Friday but turned around to show signs of life again. Quite frankly, I think that the Aussie has found its bottom for the most part and that the market will eventually go higher.
Reutersyesterday
Bank stocks, Italy bonds rally as ECB's Coeure paves way for new cash boost for banks
Euro zone banking shares jumped over three percent, the euro fell and Italy's bond yields tumbled on Friday after the European Central Bank's Benoit Coeure said a new round of cheap multi-year loans to banks was possible. Weak economic data, combined with uncertainty over Brexit and global trade tensions, have raised expectations that fresh stimulus measures from the ECB are likely in coming months. Banks in Italy and other southern European countries in particular could face funding problems as the ECB's most recent Targeted Long-Term Refinancing Operation (TLTRO) nears its repayment date in 2020.
FX Empireyesterday
USD/CAD Daily Price Forecast – Range Bound Action To Continue Amid Lack of Breakout Trigger
Higher oil prices and hopes for a US-Chinese trade deal keeps the pair range bound.
Investing.comyesterday
Gold Hits 2-Week Highs, Remains at a Crossroads
By Barani Krishnan
MarketWatchyesterday
Consumer sentiment in February rebounds after end to shutdown
The preliminary University of Michigan consumer sentiment index for February rebounded, with the index rising to 95.5 from 91.2 in January, which was the worst since Nov. 2016. Economists polled by MarketWatch expected a 94 reading. "The early February gains reflect the end of the partial government shutdown as well as a more fundamental shift in consumer expectations due to the Fed's pause in raising interest rates," said Richard Curtin, the chief economist for the survey.
FX Empireyesterday
Gold Price Futures (GC) Technical Analysis – February 15, 2019 Forecast
Based on the early price action, the direction of the April Comex gold futures contract the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at $1320.10 and the Fibonacci level at $1317.90. Basically, the early price action suggests the buying could strengthen over $1320.10 and weaken under $1317.90. In between these levels could produce a choppy, two-sided trade.
MarketWatchyesterday
London stocks in the black after upbeat retail sales data
London’s main stock index was headed for its third straight week of gains, rising modestly on Friday after data that showed strength in retail sales.