• FTSE 100 bucks weaker European trend as oil companies rise
    MarketWatch43 minutes ago

    FTSE 100 bucks weaker European trend as oil companies rise

    The U.K.’s main equity rose Friday, pushing aside weakness across global markets and tensions surrounding the Italian budget, which weighed on continental stocks.

  • MarketWatch52 minutes ago

    Canadian dollar dips after weaker-than-expected inflation, retail sales

    The Canadian dollar took a dive on Friday, flipping into negative territory versus its U.S. rival following economic data that missed consensus estimates. Consumer price inflation for September read 2.2% year-on-year, compared with the FactSet consensus of 2.7%. For the month, Canada actually recorded disinflation of 0.4%, versus 0.1% inflation expected. Retail sales for August also missed estimates, contracting 0.1% versus forecasts of 0.3% growth. The U.S.-Canadian dollar pair , which had spent the beginning of Friday's session in the red, turned positive following the data. One U.S. dollar last bought C$1.3103, its highest level in almost six weeks, according to FactSet. The Bank of Canada, which factors the above data points into its monetary policy decision making, is due for a policy update next week.

  • Bitcoin in the doldrums, can’t shake $6,500 range
    MarketWatch1 hour ago

    Bitcoin in the doldrums, can’t shake $6,500 range

    Major digital currency prices are trading at or near Thursday’s closing levels, continuing a trend that’s held most coins inside tight ranges over the last four sessions. Bitcoin, the world’s largest digital currency, was last changing hands at $6,632.87, down 0.2% since Thursday’s level at 5 p.m. Eastern Time on the Kraken exchange. After rising more than 10% earlier in the week, bitcoin (BTCUSD) has gone back and forth between $6,300 and $6,500 lacking any real direction.

  • Dollar slips as investors digest China growth numbers, political developments
    MarketWatch1 hour ago

    Dollar slips as investors digest China growth numbers, political developments

    Foreign exchange markets reflect an improvement to risk sentiment following China’s sluggish GDP release but words of support and encouragement from Chinese authorities on Friday. Elsewhere, Italy’s budget and Brexit remain major drivers as uncertainty seems here to stay.

  • Gold Prices Flat as Dollar Struggles for Direction
    Investing.com2 hours ago

    Gold Prices Flat as Dollar Struggles for Direction

    Gold prices were flat on Friday as the U.S. dollar was volatile despite expectations of another interest rate increase this year and falling equities. Comex gold futures for December delivery inched down 0.07% to $1,229.30 a troy ounce as of 4:45 AM ET (8:45 GMT), not far from an earlier session high of $1,232.70. Rising interest rates are likely remain a concern for gold prices.

  • Gold Prices Gain as Asian Stocks Fall on Disappointing China Data
    Investing.com5 hours ago

    Gold Prices Gain as Asian Stocks Fall on Disappointing China Data

    Investing.com - Gold prices gained on Friday as Asian stocks traded mostly lower after China reported disappointing third-quarter GDP data.

  • Euro falls towards two-month low after EU confronts Italy over budget
    Reuters5 hours ago

    Euro falls towards two-month low after EU confronts Italy over budget

    The euro fell towards a two-month low on Friday after the European Union criticised Italy's spending plans, raising fresh concern over conflict within the common currency zone. Political wrangling over the budget in heavily indebted Italy has seen the euro weaken over 1 percent versus the dollar this week. In the first step of a procedure that could end with Brussels rejecting the budget and fining Italy, the Commission sent Rome a letter on Thursday calling a draft budget an "unprecedented" breach of EU fiscal rules.

  • Yuan Little Changed After Disappointing China GDP Data
    Investing.com5 hours ago

    Yuan Little Changed After Disappointing China GDP Data

    Investing.com - The yuan was little changed on Friday after official data showed China’s third quarter GDP growth slowed more than expected.

  • NZD/USD Fundamental Daily Forecast – Reversing Earlier Weakness on China Market Rebound
    FX Empire6 hours ago

    NZD/USD Fundamental Daily Forecast – Reversing Earlier Weakness on China Market Rebound

    The direction of the NZD/USD the rest of the session on Friday is likely to be dictated by the direction of U.S. Treasury yields and U.S. equity prices. However, if U.S. stock markets recover from Thursday’s losses then look for the short-covering rally to continue. Another spike higher in U.S. Treasury yields and further weakness in the stock market will likely drag the New Zealand Dollar lower.

  • Bitcoin Fall; Russian Central Bank Says Crypto Excitement is Beginning to Cool
    Investing.com8 hours ago

    Bitcoin Fall; Russian Central Bank Says Crypto Excitement is Beginning to Cool

    Investing.com - Bitcoin and other major cryptocurrency prices fell on Friday as Elvira Nabiullina, the head of the Central Bank of the Russian Federation, said markets’ excitement toward virtual coins have begun to fade.

  • AUD/USD Fundamental Daily Forecast – Trader Reaction to .7101 Likely to Set the Tone on Friday
    FX Empire8 hours ago

    AUD/USD Fundamental Daily Forecast – Trader Reaction to .7101 Likely to Set the Tone on Friday

    There’s not much to look at from the data front. Traders will mostly be focused on risk sentiment. If risk is on, the AUD/USD could catch a bid. If risk is off and stocks fall and the dollar rises then look for pressure.

  • Asian Stocks Fall as China’s Q3 GDP Growth Misses Expectations
    Investing.com9 hours ago

    Asian Stocks Fall as China’s Q3 GDP Growth Misses Expectations

    Investing.com - Asian stocks fell in morning trade on Friday after official data showed China’s economy slowed more than expected in the third quarter of 2018.

  • Gold Price Forecast – Gold hangs onto gains
    FX Empire11 hours ago

    Gold Price Forecast – Gold hangs onto gains

    Gold markets broke out to the upside recently, and over the last couple of days we have simply grounds sideways overall and at this point I think what we are trying to do is reach the $1250 level above. That is massive resistance due to technical and psychological importance though.

  • USD/JPY Price Forecast – US dollar sideways against yen
    FX Empire11 hours ago

    USD/JPY Price Forecast – US dollar sideways against yen

    The US dollar has gone back and forth against the Japanese yen over the last several for our candles, as we consolidate the gains that we had recently enjoyed. It looks as if the market is ready to look for a reason to go higher though.

  • GBP/USD Price Forecast – British pound sideways against dollar
    FX Empire11 hours ago

    GBP/USD Price Forecast – British pound sideways against dollar

    The British pound continues to hover around the 1.31 handle against the US dollar, as we are simply sitting around in general. The market hasn’t shown much proclivity in taking off so far during the day, and I think we are simply it a bit of a holding pattern.

  • GBP/JPY Price Forecast – British pound choppy against yen on Thursday
    FX Empire11 hours ago

    GBP/JPY Price Forecast – British pound choppy against yen on Thursday

    The British pound continues the chop around overall against the Japanese yen during the day on Thursday, as there are a lot of moving headlines that can influence this market rather quickly.

  • EUR/USD Price Forecast – EUR shows signs of weakness again on Thursday
    FX Empire11 hours ago

    EUR/USD Price Forecast – EUR shows signs of weakness again on Thursday

    The Euro fell below the 1.15 level during the session on Thursday, as we continue to test this general area of the chart, as there seems to be a lot of support extending down to the 1.1450 level. It is because of this that it looks like we are trying to build up the confidence to finally go higher.

  • AUD/USD Price Forecast – Australian dollar pulls back after initially rallying on Thursday
    FX Empire11 hours ago

    AUD/USD Price Forecast – Australian dollar pulls back after initially rallying on Thursday

    The Australian dollar initially took off on Thursday, reaching the top of the recent consolidation area, but then turned right back around the show signs of weakness as the Americans stepped on board. It looks as if we are simply going to continue to consolidate in the short term.

  • China’s GDP Comes in Softer to Spook the Markets Early
    FX Empire11 hours ago

    China’s GDP Comes in Softer to Spook the Markets Early

    China sees its slowest growth since 2009 to rile the markets in the wake of a Thursday sell-off that came off the back of positive stats out of the U.S.

  • Dollar Advances as Upbeat U.S. Data Fuel Rate-Hike Expectations
    Investing.com16 hours ago

    Dollar Advances as Upbeat U.S. Data Fuel Rate-Hike Expectations

    Investing.com - The dollar rose against its rivals Thursday as a slew of positive U.S. economic data reaffirmed investor expectations that the Federal Reserve will continue with its glacial pace of rate hikes, despite criticism from President Donald Trump.

  • Gold Ends Higher, Takes Fed Minutes In Stride
    Investing.com16 hours ago

    Gold Ends Higher, Takes Fed Minutes In Stride

    Investing.com - Gold prices rose on Thursday as bullish investors took the Federal Reserve's latest hawkish talk in stride and targeted the $1,250 level in a bid to recapture ground lost earlier in the year.

  • ‘It’s only a matter of time’ until bitcoin breaks out, analyst says
    MarketWatch17 hours ago

    ‘It’s only a matter of time’ until bitcoin breaks out, analyst says

    Bitcoin prices traded marginally lower Thursday, continuing what’s been a subdued few sessions for the world’s largest digital currency. “It’s only a matter of time now,” said Mati Greenspan, senior market analyst at eToro, speaking about a potential breakout for bitcoin. Transactions per second is a barometer for the scalability of blockchain technology, which has been a roadblock to adoption of the distributed-ledger technology.

  • Dollar pulls higher as high-beta currencies slide
    MarketWatch17 hours ago

    Dollar pulls higher as high-beta currencies slide

    The U.S. dollar strengthened as Thursday’s session went on, leading to a softening of risk-sensitive currencies.

  • U.S. Dollar Rises as Bond Yields Increase
    Investing.com20 hours ago

    U.S. Dollar Rises as Bond Yields Increase

    Investing.com - The U.S. dollar was higher on Thursday as bond yields rose and minutes from the Federal Reserve’s September meeting supported a rate increase in December.The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.13% to 95.47 as of 10:57 AM ET (14:57 GMT).Treasury yields were higher on Thursday, with the United States 10-Year note near a one-week high of 3.211% and the 2-year note at a 10-year high. ...

  • FTSE extends decline as pound trades flat amid Brexit uncertainty
    MarketWatch21 hours ago

    FTSE extends decline as pound trades flat amid Brexit uncertainty

    The U.K.’s main equity index on Thursday trades slightly higher, benefiting partly from lackluster trade in the British pound.