Investing.com – Cryptocurrencies continued to rebound on Friday, while reports that South Korean-based crypto exchange Bithumn is considering to issue its own digital coins in Singapore garnered some attention.
Investing.com – Gold prices were trading lower on Friday as the U.S. dollar rose amidst higher 10-year U.S. treasury yields.
Investing.com – The dollar rallied against other major Asian currencies on Friday morning. Japan’s inflation data were in focus on Friday as investors looked for cues for the country’s monetary policy.
SAO PAULO/MEXICO CITY, April 19 (Reuters) - Latin American currencies fell against the dollar on Thursday, with the Mexican peso posting the strongest fall, as traders took advantage of an opportunity to make a technical correction amid continued political uncertainty. The peso fell 2.01 percent against the dollar just days after reaching its strongest level since September as investors banked on improved odds of a new North American Free Trade Agreement being signed. Traders in Mexico continue to be spooked by the strong performance in opinion polls by leftist Andres Manuel Lopez Obrador.
Investing.com – The dollar remained close to highs against a basket of major currencies as surging bond yields offset earlier weakness in the greenback.
Time is running out for reforming the euro zone while the urgency of doing so for policymakers has been reduced due to a robust economic rebound in the single currency bloc, top European economic officials warned on Thursday. The 19 countries that share the euro are now enjoying the strongest growth in a decade after years of economic crisis that almost unravelled the euro zone. Top policymakers have argued that the euro zone should fix its remaining weaknesses while its economy is on the upturn so that it is better prepared for the next downturn.
Gold prices continued to trade sideways, as U.S. yields gained traction on Thursday buoyed the greenback and paving the way for lower gold prices. Strong jobless claims and a solid Philly fed survey buoyed the dollar. U.S. initial jobless claims dipped 1k to 232k in the week ended April 14 after falling 9k to 233k in the prior week.
The EUR/USD slipped lower sliding down to support near the 10-day moving average at 1.2345. The currency pair continue to chop around directionless. U.S. yields backed up today, despite a weaker than expected jobless claims report and soft Philly Fed Manufacturing. The EUR/USD is range bound and has been trading sideways for most of 2018. The exchange rate bounced from support and is sandwiched between resistance at a downward sloping trend line at 1.2415. Support level the 10-day moving average is seen near an upward sloping trend line that comes in near 1.2234. The fast stochastic generated a crossover sell signal in overbought territory which reflects accelerating negative momentum.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.02% to 89.37 by 10:56 AM ET (14:56 GMT). The dollar was unmoved from mixed economic data. A separate report showed that the Philadelphia Fed's manufacturing index unexpectedly rose in April, to a reading of 23.2 from 22.3 in March.
Investing.com - Gold prices moved lower on Thursday, as the dollar wallowed around the unchanged mark and yields on U.S. Treasuries rose.
The S&P 500 was down over 11 points or 0.44% to 2,696.67 as of 9:43 AM ET (13:43 GMT) while the Dow composite decreased 60 points or 0.24% to 24,687.69 and tech heavy NASDAQ Composite fell nearly 34 points or 0.47% to 7,260.72.
Investing.com – U.S. futures were lower on Thursday as investors paused before a flurry of economic data and earnings results.The S&P 500 futures was down five and a half points or 0.20% to 2,704.25 as of 6:49 AM ET (10:49 GMT) while Dow futures decreased 32 points or 0.13% to 24,701.0. Meanwhile tech heavy Nasdaq 100 futures fell 14 points or 0.21% to 6,829.25.Earnings will continue to be in focus on Thursday, as investors turn their attention away from geopolitical and trade tensions. ...
Rice export prices in India dropped for a second week on sluggish demand and a weaker rupee, while Thai rates surged amid supply woes and fresh deals buoyed Vietnamese rates. Rates for top exporter India's 5 percent broken parboiled variety fell by $2 to $417-$421 per tonne. Also weighing on Indian exports was weak demand from Bangladesh, which had emerged as a major importer since 2017 after floods depleted stocks.
The dollar was higher on Thursday, while sterling fell after lower than expected retail sales. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.12% to 89.46 by 5:34 AM ET (9:34 GMT). Rising geopolitical and trade tensions have weighed on the dollar in recent months.
Given the USDJPY’s sustained trading above fortnight-old ascending trend-line, the pair is likely to challenge the 107.85-90 horizontal-resistance, which if broken could escalate its recovery towards 108.45 and the 108.90 north-side numbers. If prices keep rising after 108.90, the 109.30 and the 109.80 can offer intermediate halts during its rally to 110.50. In case of the pullback, the 107.15 may become nearby rest for the pair ahead of highlighting the 106.90 TL, breaking which 106.60 & 106.10 shouldn’t be missed if holding short positions. Moreover, the 105.60 and the 105. ...
Investing.com - Gold prices moved higher on Thursday, supported by weakness in the dollar and concerns over the eventual U.S.-North Korea summit.
Overtaking .7818 will indicate the buying is getting stronger. If this generates enough upside momentum, we could see a drive into the downtrending Gann angle at .7851, followed by a Fibonacci level at .7856.
The EUR/GBP has broken through the descending trendline and we can see a potential for bullish continuation. Another cue is the U-shaped bottom that has been formed exactly at W L3 support. 0.8688-98 is the POC zone for potential bounces. Targets are 0.8739 and 0.8770. Only if 0.8770 breaks we might see Monthly (M) Pivots as next targets. Have in mind that EUR/GBP is both EUR and GBP news dependent, so any important news could spike the price in both directions, but generally the intraday trend is up.
Based on the early trade, the direction of the EUR/USD the rest of the day is likely to be determined by trader reaction to the main 50% level at 1.2354.
The pair was extremely choppy during the Wednesday’s session initially rallied towards the 1.2380 level but pulled back later in the day to test the 1.2350 level. This level has been both resistance and support level for the pair and may attract buyers. If it breaks below then it should fall towards the 1.21 level which is its next major support level. …Read MoreGBP/USD
The euro-Swiss franc pair is trading at a three-year high, eerily close to the floor the Swiss National Bank abandoned back in January 2015. Geopolitical tensions, which should ordinarily make a haven ...
Investing.com – Gold prices were slightly higher on Thursday while the U.S. dollar steadied amidst higher U.S. 10-year treasury yield.
The market still expects the Bank of England to hike rates even as recent data pointed weaker, says Kathy Lien of BK Asset Management.