• Reuters8 minutes ago

    Money markets price in ECB rate hike for September 2019

    Euro zone money markets are now fully pricing in a 10 basis-point rate rise from the European Central Bank in September next year, as investors bet the central bank is likely to deliver its first rate rise of the cycle sooner rather than later. The difference between the overnight bank-to-bank interest rate for the euro zone - known as Eonia - and forward Eonia rates dated for the ECB's September 2019 meeting, was almost 10 basis points on Tuesday, up from around 8.5 bps last week.

  • Gold Price Futures (GC) Technical Analysis – Remains Trapped Between Pair of Retracement Zones
    FX Empire6 hours ago

    Gold Price Futures (GC) Technical Analysis – Remains Trapped Between Pair of Retracement Zones

    Based on Monday’s price action and the close at $1204.40, the direction of the December Comex Gold market today is likely to be determined by trader reaction to the 50% level at $1205.90.

  • AUD/USD Forex Technical Analysis – Short-Term Downside Target Zone .7194 to .7169
    FX Empire7 hours ago

    AUD/USD Forex Technical Analysis – Short-Term Downside Target Zone .7194 to .7169

    Based on yesterday’s price action and the close at .7251, the direction of the AUD/USD on Monday is likely to be determined by trader reaction to the Fibonacci level at .7257.

  • Metals - Gold Ends up After One-Week High as Dollar Dips Pre-Fed
    Investing.com10 hours ago

    Metals - Gold Ends up After One-Week High as Dollar Dips Pre-Fed

    Investing.com – U.S. gold futures settled a touch higher on Monday after hitting one-week highs above $1,200 an ounce, as bullion traders took in stride trade war tensions and a widely-anticipated Federal Reserve rate hike, which would typically be bearish for the yellow metal.

  • Bitcoin prices may not have hit rock bottom yet, says Cboe options expert
    MarketWatch11 hours ago

    Bitcoin prices may not have hit rock bottom yet, says Cboe options expert

    Coming off the best week for digital currencies since late July, bitcoin, the world’s No. 1 digital currency, was trading marginally lower on Monday. In midafternoon action, a single bitcoin (BTCUSD) was changing hands at $6,627.68, down 0.7% since Sunday at 5 p.m. Eastern Time on the Kraken exchange, and off a late-Friday high of $6,808. Crypto bulls are riding high after to total market value of cryptocurrencies has risen by more than $20 billion over the past seven sessions, perhaps, signaling a halt in a monthslong bitcoin bear market, which has the price of the digital currency down more than 50% in 2018.

  • Dollar Subdued as Sterling, Euro Shine
    Investing.com11 hours ago

    Dollar Subdued as Sterling, Euro Shine

    Investing.com - The dollar retreated against its rivals Monday, pressured by a stronger pound amid lingering hopes of a UK-EU Brexit deal, while a firmer euro on positive remarks from European Central Bank Mario Draghi also hurt the greenback.

  • Why a Fed rate hike is unlikely to reignite the dollar rally
    MarketWatch11 hours ago

    Why a Fed rate hike is unlikely to reignite the dollar rally

    Investors are assessing whether the Federal Reserve’s highly anticipated interest rate hike this week could reignite a dollar rally. Here’s why some analysts are skeptical.

  • Dollar weakness moderates as traders turn attention to Fed meeting
    MarketWatch12 hours ago

    Dollar weakness moderates as traders turn attention to Fed meeting

    The dollar’s weakness moderates late Monday as investors turn their focus to the conclusion Wednesday of a two-day Federal Reserve meeting that’s seen as virtually certain to deliver a rate increase.

  • Gold Price Prediction – Prices Trade Sideways Ahead of Fed
    FX Empire13 hours ago

    Gold Price Prediction – Prices Trade Sideways Ahead of Fed

    Gold prices continued to trade sideways consolidating in a tight range. Additionally, the trade spat between the US and China is generating unwanted volatility.  Companies are now pulling back on future investment which is putting downward pressure on riskier assets. Trader’s are looking toward Wednesday’s Federal Reserve meeting which is expected to see an increase in interest rates.

  • U.S. Dollar Plummets, Sterling Rises
    Investing.com14 hours ago

    U.S. Dollar Plummets, Sterling Rises

    Investing.com - The U.S. dollar continued to fall against other currencies on Monday, while the pound gained ground as investors awaited an interest rate decision from the Federal Reserve.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.21% to 93.59 as of 10:21 AM ET (14:21 GMT).The Fed meets on Tuesday and Wednesday, with traders expecting a rate hike for the third time this year. The market has already priced in a 100% chance of a 25-basis-point increase.Chances of an increase in December were at 86.1%. ...

  • Stocks - Wall Street Slides Despite M&A Heating Up
    Investing.com15 hours ago

    Stocks - Wall Street Slides Despite M&A Heating Up

    Investing.com - Stocks started lower Monday, with investors hesitant as a new batch of tariffs between the U.S. and China went into effect. But a wave of mergers produced a lot of activity in individual issues.

  • Gold Prices Broadly Higher as U.S. Dollar Slumps
    Investing.com15 hours ago

    Gold Prices Broadly Higher as U.S. Dollar Slumps

    Other metals were mixed on the Comex, with silver futures falling 0.34% to $14.310 a troy ounce. Among other precious metals, platinum futures rose 0.30% to $835.40, while palladium futures increased 0.39% to $1,049.00 an ounce. Copper futures gained 0.16% to $2.862 a pound.

  • Crypto Prices Fall; Report Suggests Tether Has No Impact on Bitcoin
    Investing.com16 hours ago

    Crypto Prices Fall; Report Suggests Tether Has No Impact on Bitcoin

    Cryptocurrencies fell on Monday, while Bitcoin eased from a two-and-a-half-week high as an academic study found that Tether does not impact its price. Bitcoin decreased 1.56% to $6,630.30 on the Bitfinex exchange, as of 8:52 AM ET (12:52 GMT). Cryptocurrencies overall were lower, with the coin market cap of total market capitalization at $219 billion at the time of writing, compared to $228 billion on Sunday.

  • What the market will watch for in Italy’s crucial budget proposal this week
    MarketWatch17 hours ago

    What the market will watch for in Italy’s crucial budget proposal this week

    Investors consider the health of Italy’s finances a major threat to the euro, so all eyes are on next week’s Italian budget proposal.

  • USD/CAD Potential Rejection at W L3
    FX Empire17 hours ago

    USD/CAD Potential Rejection at W L3

    >> The USD/CAD downtrend is still intact. At this point we might see some buying before another rejection at W L3.<<

  • Stocks- U.S. Futures Fall as China Cancels Trade Talks
    Investing.com18 hours ago

    Stocks- U.S. Futures Fall as China Cancels Trade Talks

    Investing.com – U.S. futures pointed to a lower opening bell on Friday as trade war tensions kept investors on edge.The S&P 500 futures fell 5 points or 0.18% to 2,928.50 as of 6:51 AM ET (10:51 GMT) while Dow futures lost 41 points, or 0.15%, to 26,713.0. Meanwhile tech heavy Nasdaq 100 futures decreased 28 points, or 0.37%, to 7,522.50.The U.S.-Sino trade war escalated on Monday, as U.S. duties on $200 billion of Chinese goods went into effect at 12:01 AM ET (4:01 GMT) and China accused the U.S. of bullying.China cancelled mid-level trade talks with the U.S. ...

  • Deal news lifts Sky, Randgold, but trade worries weigh on Europe’s stock index
    MarketWatch18 hours ago

    Deal news lifts Sky, Randgold, but trade worries weigh on Europe’s stock index

    European stocks struggle on Monday, weighed by renewed jitters, but there were some bright spots as mergers and acquisitions news buoyed shares of Sky and Randgold Resources.

  • MarketWatch18 hours ago

    ECB President Mario Draghi expects 'vigorous pick-up in underlying inflation'

    European Central Bank President Mario Draghi on Monday said he expected a rise in eurozone consumer prices. Harmonized European inflation would likely hover around 1.7% every year until 2020 and 1.8% excluding food and energy in 2020, he said in introductory remarks at a hearing on economic and monetary affairs in the European Parliament. "This stable profile conceals a slowing contribution from the non-core components of the general index, and a relatively vigorous pick-up in underlying inflation." Draghi reiterated that ECB interest rates would remain at their current levels at least through the summer of 2019. Still, with inflation being a key puzzle piece for monetary policy, the euro strengthened in response. One euro last bought $1.1810, it's highest level since June, compared with Monday's session low of $1.1724.

  • EUR/USD Mid-Session Technical Analysis for September 24, 2018
    FX Empire19 hours ago

    EUR/USD Mid-Session Technical Analysis for September 24, 2018

    Based on the early price action, the direction of the EUR/USD is likely to be determined by trader reaction to the uptrending Gann angle at 1.1726.

  • Investing.com19 hours ago

    Litecoin Falls 10.06% In Selloff

    Investing.com - Litecoin was trading at $57.800 by 05:07 (09:07 GMT) on the Investing.com Index on Monday, down 10.06% on the day. It was the largest one-day percentage loss since September 5.

  • Price of Gold Fundamental Daily Forecast – Rangebound Ahead of Fed Interest Rate Decision
    FX Empire20 hours ago

    Price of Gold Fundamental Daily Forecast – Rangebound Ahead of Fed Interest Rate Decision

    There are no major economic reports today, China and Japan are on holiday and the Fed starts its two-day meeting on Tuesday. Look for a low volume, low volatility trading session.

  • Forex- U.S. Dollar Falls as China Cancels Trade Talks
    Investing.com20 hours ago

    Forex- U.S. Dollar Falls as China Cancels Trade Talks

    The Australian dollar was lower, with AUD/USD down 0.26% to 0.7271, while NZD/USD fell 0.19% to 0.6677 and USD/CAD gained 0.18% to 1.2938.

  • USD/CAD Daily Price Forecast – USD/CAD Recovers from Recent Lows on Intensifying Sino-U.S Tariff Wars
    FX Empire20 hours ago

    USD/CAD Daily Price Forecast – USD/CAD Recovers from Recent Lows on Intensifying Sino-U.S Tariff Wars

    USD fails to preserve/build on the rebound despite positive US bond yields.

  • Gold Loses Luster as Sino-U.S Trade War Intensifies Amid Holiday Thin Market
    FX Empire22 hours ago

    Gold Loses Luster as Sino-U.S Trade War Intensifies Amid Holiday Thin Market

    The news out of China seems to be having some negative impact on gold with the U.S. dollar cautiously higher.

  • Cryptocurrencies Steady; Dubai Launches Blockchain-Based Payment System
    Investing.com23 hours ago

    Cryptocurrencies Steady; Dubai Launches Blockchain-Based Payment System

    Investing.com - Bitcoin and other major cryptocurrency prices were steady on Monday in Asia. Dubai boosted confidence in digital tokens by launching a blockchain-powered payment system on Sunday.