• OECD Warns of Hard Landing in Australian Housing Market, Others See RBA Rate Cut in Late 2019
    FX Empire10 hours ago

    OECD Warns of Hard Landing in Australian Housing Market, Others See RBA Rate Cut in Late 2019

    The Australian Dollar is likely to remain under pressure throughout 2019. The on-going trade dispute is likely to continue to weaken exports which should force the RBA to keep policy unchanged because lower rates are helping to keep the economy afloat as it rides out the storm. However, an escalation of the trade dispute combined with a faster pace of declines in housing prices could force the central bank to lower rates. This would keep the downside pressure on the Aussie Dollar.

  • Reuters21 hours ago

    Canadian dollar weakens as markets fret about global growth outlook

    At 4:12 p.m. (2112 GMT), the Canadian dollar was trading 0.2 percent lower at 1.3382 to the greenback, or 74.73 U.S. cents. "It has been a risk-off day for sure and that ties into the weaker-than-expected Chinese data that we had overnight," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets. The Fed decision will help determine the direction of the Canadian dollar next week but the currency will also take its cue from domestic inflation and gross domestic product data, Rai said.

  • Cryptos slide further as bitcoin nears crucial $3,000 mark
    MarketWatch21 hours ago

    Cryptos slide further as bitcoin nears crucial $3,000 mark

    Bitcoin slid to yet another 15-month low, putting the world’s largest digital currency on track for consecutive losing weeks.

  • Haven dollar touches 1½-year high as global growth worries dominate trading
    MarketWatch22 hours ago

    Haven dollar touches 1½-year high as global growth worries dominate trading

    Currency markets attract flows into perceived havens on Friday, as risk appetite weakens on the back of weaker-than-expected data from the eurozone and China.

  • Investing.com23 hours ago

    Gold Falls Again as Dollar Hits 19-Month Highs on China Scare

    Investing.com - It had to be one safe-haven or the other and the dollar triumphed at the expense of gold on Friday as signs of slowing growth in China sparked risk aversion across the globe.

  • China slowdown, Brexit grind pulls U.K. stock markets lower
    MarketWatchyesterday

    China slowdown, Brexit grind pulls U.K. stock markets lower

    LONDON MARKETS London markets ended lower on Friday, as slow Chinese business activity in November rebooted refreshed worries over global economic growth. Meanwhile, Brexit uncertainty continues to hang in the air amid a lack of signals U.

  • Gold Weekly Price Forecast – Gold markets fail at major resistance
    FX Empireyesterday

    Gold Weekly Price Forecast – Gold markets fail at major resistance

    Gold markets fell during the week, showing the $1250 level as resistance yet again. The 50 weekly EMA is just above, but at this point I think that thing to pay the most attention to is whether or not the US dollar rallies.

  • USD/JPY Weekly Price Forecast – US dollar continues to grind against Yen
    FX Empireyesterday

    USD/JPY Weekly Price Forecast – US dollar continues to grind against Yen

    The US dollar rallied during the week, reaching towards the highs again near ¥114. However, the uptrend line underneath continues offer support while massive resistance offers travel. In other words, this is a very tight market looking for some type of momentum.

  • GBP/USD Weekly Price Forecast – British pound breaks major support
    FX Empireyesterday

    GBP/USD Weekly Price Forecast – British pound breaks major support

    The British pound broke down during the week, slicing through the 1.27 level as there was a “no confidence vote” for Teresa May. She did survive it, so that was a brief reprieve for the British pound, but as you can see the trajectory continues lower.

  • GBP/JPY Weekly Price Forecast – British pound continues to grind lower
    FX Empireyesterday

    GBP/JPY Weekly Price Forecast – British pound continues to grind lower

    The British pound continues to grind lower during the week against the Japanese yen, even after having a massive bounce from a reaction to Teresa May surviving a no-confidence vote. That being the case, we got a bit of positivity and the British pound, but we have since seen the thing turn around again.

  • EUR/USD Weekly Price Forecast – Euro has miserable week
    FX Empireyesterday

    EUR/USD Weekly Price Forecast – Euro has miserable week

    The Euro fell during the week, reaching towards the bottom of the consolidation that we are currently in. However, what you don’t see on this chart, and you do see on the daily chart, is that we broke down below the bottom of a symmetrical triangle. That of course is a negative sign.

  • AUD/USD Weekly Price Forecast – Australian dollar looks sick
    FX Empireyesterday

    AUD/USD Weekly Price Forecast – Australian dollar looks sick

    The Australian dollar initially tried to rally during the week but found enough resistance at the 0.7250 level to turn around and fall. Not only did it fall though, it ended up forming an inverted hammer.

  • Gold Price Forecast – Gold markets pulled back on Friday
    FX Empireyesterday

    Gold Price Forecast – Gold markets pulled back on Friday

    Gold markets pulled back a bit during the trading session on Friday, reaching down towards the 50 day EMA, an area that of course attract a lot of attention from a technical analysis point of view.

  • USD/JPY Price Forecast – US dollar running into resistance
    FX Empireyesterday

    USD/JPY Price Forecast – US dollar running into resistance

    The US dollar did very little during the Friday session, as we are getting relatively close to the significant resistance. That resistance starts around the ¥114 level, so a pullback is likely.

  • GBP/USD Price Forecast – British pound continues to slide
    FX Empireyesterday

    GBP/USD Price Forecast – British pound continues to slide

    The British pound continues to slide during trading on Friday, as the relief rally after Teresa May avoided a no-confidence vote has been completely wiped out. She went to Brussels, and they offered her nothing in return. The odds of a hard Brexit are increasing by the day.

  • GBP/JPY Price Forecast – British pound falls hard
    FX Empireyesterday

    GBP/JPY Price Forecast – British pound falls hard

    The British pound fell hard during the trading session on Friday, as we continue to see a bearish pressure. As it looks like the European Union is unwilling to budge on the Brexit negotiation idea, the British pound has been hammered.

  • EUR/USD Price Forecast – the Euro falls on Friday
    FX Empireyesterday

    EUR/USD Price Forecast – the Euro falls on Friday

    The Euro breaks down significantly during the trading session on Friday, showing just how precarious things are at the moment. There are a lot of concerns about the Brexit, and of course this will affect not only the United Kingdom, but also the European Union.

  • AUD/USD Price Forecast – Australian dollar breaks down
    FX Empireyesterday

    AUD/USD Price Forecast – Australian dollar breaks down

    The Australian dollar broke down during the session on Friday, as we have negative numbers coming out of China to suggest that the economy may be slowing down. Ultimately, I think that if we break down below the bottom of the candle stick for Friday, we continue to go lower, perhaps reaching down to the 0.70 level.

  • Investing.comyesterday

    Gold Inches Down as Traders Turn to U.S. Dollar

    Gold prices continued to fall on Friday, as demand for the U.S. dollar rose after upbeat retail sales alleviated fears of a slowing economy. Comex gold futures for February delivery slumped 0.6% to $1,239.50 a troy ounce as of 10:36 AM ET (15:36 GMT). The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.55% to 97.59.

  • Gold Price Prediction – Gold Edges Lower as Dollar Rallies
    FX Empireyesterday

    Gold Price Prediction – Gold Edges Lower as Dollar Rallies

    Gold prices moved lower on Friday as the dollar gained traction against the Euro. Stronger than expected US retail sales combined with a weaker than expected flash PMI reading in the EU lead to the headwinds experienced by gold.Technical Analysis

  • Investing.comyesterday

    U.S. Dollar Rises After Retail Sales

    Investing.com - The U.S. dollar was higher on Friday after better-than-expected retail sales and amid expectations that the Federal Reserve will raise rates next week.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.56% to 97.60 as of 10:02 AM ET (15:02 GMT).Retail sales accelerated in November, with core retail sales up 0.2%, alleviating fears of a slowing U.S. economy.Meanwhile investors are focused on an upcoming meeting of the U.S. central bank, which is expected to increase rates, with a 79. ...

  • Investing.comyesterday

    Stocks - Wall Street Falls on Global Growth Concerns

    The S&P 500 fell 27 points or 1% as of 9:30 AM ET (14:30 GMT), while the Dow decreased 189 points, or 0.7%, and the tech-heavy Nasdaq Composite slipped 88 points, or 1.2%.

  • Investing.comyesterday

    Cryptos Fall; Study Finds Fake Trading Still Dominates Bitcoin Volumes

    “Most of these pairs actual volume is under 1% of their reported volume on [CoinMarketCap]. We noted only 2 out of the top 25 pairs not to be grossly wash trading their volume, Binance and Bitfinex,” the report said.

  • Theresa May vows to get better Brexit deal
    MarketWatchyesterday

    Theresa May vows to get better Brexit deal

    The U.K. prime minister on Friday said she would able to secure the “further clarifications” to her Brexit deal that she needs to win the approval of British lawmakers.

  • Investing.comyesterday

    Stocks - U.S. Futures Fall Amid Fears of Slowing Global Growth

    Investing.com – U.S. futures slumped on Friday, as investors worry about slowing economic growth in China and elsewhere.The S&P 500 futures fell 22 points or 0.86% to 2,622.62 as of 6:40 AM ET (11:40 GMT) while Dow futures slumped 210 points, or 0.85%, to 24,361. Meanwhile tech heavy Nasdaq 100 futures decreased 70 points, or 1%, to 6,682.Retail sales in China posted their weakest growth in 15 years, increasing worry about the world’s second largest economy as the country is impacted by trade disputes with the U.S. ...