LONDON MARKETS European markets were unusually calm Monday as investors contemplated whether central banks would save them from the impacts of the continuing U.S.-China trade battle. How did markets perform? The Stoxx 600 (XX:SXXP) was flat at 378.
EUROPE MARKETS European markets were unusually calm Monday as investors contemplated whether central banks would save them from the impacts of the continuing U.S.-China trade battle. How did markets perform? The Stoxx 600 (XX:SXXP) was flat at 378.
Investing.com - Gold prices were little changed on Monday, losing steam after five consecutive sessions of gains as investors turned cautious despite expectations for hints at looser policy from the Federal Reserve on Wednesday.
The Dow lost 3 points, a negligible movement, by 9:51 AM ET (13:51 GMT), while the S&P; 500 rose 4 points or 0.2% and tech-heavy Nasdaq composite surged 47 points or 0.6%, reversing some of last week's underperformance.
Ahead of the day, the Greenback might show some good upward movements making the Index touching the 2/1 Gann fan. Oil prices dropped after the statement of US Secretary of State Mike Pompeo.
After a sharp fall on Friday, EUR/USD is seen consolidating near its 200-period moving average on a 4-hour chart. All eyes will be on the Fed meeting later this week. Ahead of it, the pair has some potential to bounce higher.
All eyes will be on the Federal Reserve’s policy announcement on Wednesday, where any hint of waning patience from policymakers could undermine the Greenback’s recent gains.
In commodities, crude oil fell 0.7% to $52.17 a barrel after reaching an earlier high of $52.91. CFTC data showed the number of long speculative positions on oil had fallen to its lowest level since March last week after a seventh straight weekly drop. Gold futures slipped 0.6% to $1,337.15 a troy ounce while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 97.032.
While ioneer Ltd (ASX:INR) shareholders are probably generally happy, the stock hasn't had particularly good run...
The cryptocurrency slipped in the afternoon, and was last around the $9,100 level. The digital currency is up more than 22% over the past 30 days, and up 142% year to date. Investors have been bullish on bitcoin recently, with optimism stoked by the expected announcement this week that Facebook Inc. (FB) will launch a new cryptocurrency, backed by a number of major companies, including Visa Inc. (V) , PayPal Holdings Inc. (PYPL) and Uber Technologies Inc. (UBER) .
Investing.com - Gold prices inched up on Monday ahead of the Federal Reserve’s latest monetary policy meeting later in the week, at which Fed Chair Jerome Powell was widely expected to lay the groundwork for rate cuts later this year.
The U.S. Federal Reserve is expected to leave its benchmark interest rate unchanged at 2.50%, but could issue a dovish monetary policy, which hints at a rate cut in July. Investors will be looking for clues for an easing of monetary policy later this year.
Investing.com - The U.S. dollar slipped on Monday in Asia as traders awaited the upcoming Federal Reserve policy meeting later this week where Fed Chair Jerome Powell could open the door to rate cuts later in the year.
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As we mentioned last week, Gold should at minimum be on everyone’s radar if not in everyone portfolio. After the break of the psychological $1350, Gold is reclaiming its rightful status as a must-have asset in everyone’s investment portfolio.
Investing.com - In what is set to be a busy week, the Federal Reserve’s latest interest rate announcement will dominate trader’s attention amid expectations that the central bank could flag plans to ease monetary policy.
Today’s positive US data seemed to mitigate the speculations over a probable Fed rate cut. Fiber dropped 0.66% reaching near 1.1214 levels amid Greenback upsurge and weak German & Italian data.
The US dollar has gone back and forth during the course of the week, as we gapped higher on Monday, and then simply went sideways forming daily shooting stars and hammers. Confusion is the main take away here.
The British pound struggled a bit during the trading week, as we continue to see a lot of nervousness in overall risk appetite. With that being the case, it makes sense that the Japanese yen would get a little bit of a rally.
The British pound pulled back a bit during the trading session on Friday before bouncing slightly. At this point, it looks as if the market is trying to form some type of base, so approaching the market as such could be beneficial.
The British pound fell against the Japanese yen during trading on Friday, reaching down towards the lows that were recently printed. Overall, if we can break down below the ¥136.50 level, then things get truly interesting.