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MarketWatch4 hours ago
Weak inflation reading boosts bets for Australian rate cut
Ahead of a heated federal election in Australia, a muted inflation report accelerates bets for the national central bank to cut rates in two weeks.
MarketWatch4 hours ago
U.S. dollar index hits 22-month high; Aussie weakens on benign inflation
The greenback was holding steady near a 22-month high on Wednesday as strength against the euro was offset my minor gains against other trading partners.
FX Empire6 hours ago
Forex Daily Recap – Bears Continued Throttling the EUR/USD Following Sparse German IFO Reports
The US Dollar Index touched the pinnacle near 97.85 levels on Euro plunge. EIA reported higher crude inventory data, dragging down the oil prices. The BoC decided to keep the interest rates unchanged. The Aussie pair stood on the back foot amid poor CPI figures.
FX Empire8 hours ago
Gold Price Forecast – Gold markets find minor support
The Gold markets found a bit of support during the trading session on Wednesday, as we broke down again but have turned around to form a bit of a hammer. This does raise a lot of questions as to what’s going to happen next, because we are clearly in a major inflection point.
FX Empire8 hours ago
USD/JPY Price Forecast – US dollar continues to grind sideways
The US dollar continue to grind sideways against the Japanese yen as we are essentially in a very tight consolidation area. However, if we can break out to the upside this could be a very interesting place to be involved.
FX Empire8 hours ago
GBP/USD Price Forecast – British pound continues to grind lower
The British pound went back and forth during the trading session on Wednesday, as we continue to see a lot of back-and-forth. We did break down below the bottom of the descending triangle the previous session, so that of course is very bearish.
FX Empire8 hours ago
GBP/JPY Price Forecast – British pound trying to find support
The British pound went back and forth during the trading session on Wednesday, as we continue to try to find support just below. We are at a major area of support, so it would not be surprising at all to see some type of bounce from this region, but we also could see the trap door open.
FX Empire8 hours ago
EUR/USD Price Forecast – Euro testing major support yet again
The Euro continues to fall at the hands of the US dollar, reaching towards the lows again as I write the article. Overall, this is looking more and more like a market that could finally break down.
FX Empire8 hours ago
AUD/USD Price Forecast – Australian dollar plummets
The Australian dollar got hammered during the trading session on Wednesday, as we are reaching towards that crucial 0.70 level. That’s an area that should continue to be crucial, as it is a larger timeframe support level.
FX Empire9 hours ago
Dollar Bulls Back in Driving Seat, But For How Long?
The Dollar Index (DXY) found comfort near a yearly high above 97.70 today, after a raft of strong US earnings in the previous session boosted confidence over the health of the US economy.
FX Empire9 hours ago
Gold Price Futures (GC) Technical Analysis – Divergence from Dollar Could Spike Prices Higher
Based on the early trade, the direction of the June Comex Gold futures contract is likely to be determined by trader reaction to the long-term uptrending Gann angle at $1274.80.
Investing.com10 hours ago
Dollar Rides Euro, Loonie Weakness Higher
Investing.com - The U.S. dollar inched higher against a basket of major currencies Wednesday on a slump in the euro. But gains in the greenback were limited somewhat as the Canadian dollar moved off lows after the Bank of Canada governor left the door open to future rate hikes
MarketWatch10 hours ago
Canadian dollar tumbles to 3 1/2 -month low as central bank cuts growth forecast
The Canadian dollar on Wednesday fell as much as 0.7% after the Bank of Canada, as expected, left interest rates unchanged, but abandoned its mild tightening bias and cut its outlook for growth. "In Canada, growth during the first half of 2019 is now expected to be slower than was anticipated in January," the central bank said in its policy statement. The BoC said it expects real GDP growth of 1.2% in 2019 and around 2% in 2020 and 2021. "Ongoing uncertainty related to trade conflicts has undermined business sentiment and activity, contributing to a synchronous slowdown across many countries," the BoC added. The Canadian dollar traded through the psychological $1.35 mark versus the dollar and in most recent trade a single dollar fetched C$1.1315, its lowest level since Jan. 3.
MarketWatch11 hours ago
Don’t be ‘fooled’ by these fresh highs for stocks, warns analyst
Our call of the day says investors should take care as the stock market sets out new highs, because a big group of investors is sitting on the sidelines, waiting to cash in on a fall.
MarketWatch11 hours ago
Traders scale back bets on the pound as Brexit drama subsides, in one chart
Maybe it’s the Easter break, or maybe it is the lack of a Brexit news dump, but, for the first time in 10 months, traders are now betting on the British pound — just.
FX Empire11 hours ago
EUR/USD Mid-Session Technical Analysis for April 24, 2019
Based on the early price action, the direction of the EUR/USD on Wednesday is likely to be determined by trader reaction to the downtrending Gann angle at 1.1198.
FX Empire11 hours ago
Gold Down To Fresh 2019 Lows Amid Dollar Rally And Economic Optimism
Gold and silver are trading on the defensive as the dollar is advancing with strength. Copper is defending ground but it looks complicated for precious metals.
FX Empire12 hours ago
Price of Gold Fundamental Daily Forecast – Direction Hinges on Euro Price Action; Straddling Key Support at $1272.70
Traders are also paying close attention to the stock market and investor demand for risk. As long as investors continue to be willing to chase yields, gold’s gains are likely to remain capped.
FX Empire12 hours ago
Lower Inflation Drags the AUD Down
The big news today is the lower than expected CPI from Australia, which negatively affects both pairs from Antipodes.
FX Empire13 hours ago
Euro Tests Major Support Despite the S&P 500 Record Highs
U.S. indices are in retreat after the record-high closing. Dollar marked the important breakthrough to EUR and GBP.
MarketWatch13 hours ago
London markets drop as oil, miners lead declines
London markets sank as oil companies retreated following several strong sessions and the bottom fell out for miners. How did markets perform? The U.K.’s FTSE 100 (UK:UKX) retreated 0.4% to 7,490.2, following Tuesday’s solid gain of nearly 0.
Investing.com13 hours ago
Loonie Falls As Bank of Canada Keeps Rates Steady
\-- Reuters contributed to this report.
FX Empire13 hours ago
USD/CAD Daily Price Forecast – The Loonie Hovering Near its Top Monthly Levels Ahead of BoC Monetary Report
The loonie pair recorded new monthly levels. The Crude Oil WTI Futures showed a moderate performance. The pair traded well above the 200-days significant SMA triggering a bull call. The US-Sino trade reported positive updates giving support to the growing loonie.
Investing.com14 hours ago
Stocks - Wall Street Flat After Boeing, Caterpillar Earnings
Boeing (NYSE:BA) inched up 0.7% on relief that there were no disappointments besides what was already expected in its first-quarter repprt. The company suffered a 21% fall in profit during the first-quarter due to the worldwide grounding of its 737 Max after two deadly crashes. It said it expects an initial financial hit of $1 billion.
MarketWatch15 hours ago
Energy companies lead the retreat for European stocks
European markets gave back much of Tuesday’s gains as strong earnings elsewhere could not offset oil companies’ retreat. How did markets perform? The Stoxx 600 (XX:SXXP) was down 0.1% to 390.9, after rising 0.