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Investing.com - Cryptocurrency prices were mixed on Thursday as the Australian Securities & Investments Commission (ASIC) said in a statement that it is stepping up scrutiny on “misleading” initial coin offerings (ICOs).
Based on yesterday’s closing price reversal top, the direction of the USD/JPY on Thursday is likely to be determined by trader reaction to yesterday’s low at 112.155. The main trend is up according to the daily swing chart. However, Wednesday’s closing price reversal top indicates that momentum may be shifting to the downside. If confirmed, this could lead to the start of a 2 to 3 day correction.
Investing.com - Gold prices rose Wednesday as a subdued dollar and lingering trade concerns lifted demand for the yellow metal, despite a jump in bond yields ahead of a widely expected Federal Reserve rate hike.
Bitcoin prices trade mostly unchanged Wednesday, extending what’s been relatively subdued period for the world’s largest digital currency.
Investing.com - The dollar fell against its rivals on Wednesday, shrugging off mostly upbeat U.S. economic data as emerging market currencies made a stand against the greenback on improved sentiment.
The reaction by Australian and New Zealand Dollar traders seems to suggest that the tariff announcement was overall on the soft side of market expectations.
The U.S. dollar trades slightly weaker versus many of its rivals on Wednesday, as investors focus on turmoil surrounding the British pound, as well as China’s reiteration that it wouldn’t use its yuan as a trade war tool.
Gold prices moved higher on Wednesday but continued to trade sideways as historical volatility tumbles to the lowest point since June. The dollar is also nearly unchanged despite a breakout in yields which has lifted the 10-year to the highest levels since mid-May. The higher yield have increased the yield differential between the US and its major counterparts, but has failed to buoy the greenback. The recent trade dispute between the US and China has capped the upside in the greenback, which has allowed gold prices to consolidate. Gold prices moved higher rising to resistance near the 50-day moving average at 1,207.
Earlier in the day, the Bank of Japan left its benchmark interest rate and policy unchanged as expected. BOJ Governor Haruhiko Kuroda on Wednesday stressed that he would not pull the plug on monetary easing until inflation hits his 2 percent target, warning that escalating international trade disputes would inflict widespread damage to global growth.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.17% to 94.06 as of 11:45 AM ET (15:45 GMT). The new tariffs are in response to U.S. tariffs on Monday of 10% on $200 billion in Chinese goods, which will go up to 25% at the end of the year. Meanwhile, trade developments with the U.S. and Canada continued, as Canadian Prime Minister Justin Trudeau said he was going to need see “movement” before a deal could be reached.
Investing.com - Wall Street was mixed on Wednesday as investors tried to shrug off trade war concerns.The S&P 500 rose 3 points, or 0.11%, to 2,907.48 as of 9:51 AM ET (13:51 GMT), while the Dow increased 124 points, or 0.48%, to 26,372.55 and the tech-heavy Nasdaq Composite lost 8 points, or 0.11%, to 7,947.56.On Tuesday, China said it would impose new tariffs on U.S. goods worth $60 billion, effective Sept. 24. Officials also filed a complaint against the U.S. with the World Trade Organization, as expected.The announcement was in response to U.S. ...
Latin American currencies on Wednesday firmed as investors saw the latest round of U.S-China trade tariffs as less aggressive than expected, boosting appetite for risky assets. The Mexican peso strengthened ...
Europe’s main stock gauge ends Wednesday’s session higher, booking its fourth straight win thanks to gains in the materials and chemicals sectors.