Investing.com - The U.S. dollar pulled back from an 18-month high on Monday after disappointing economic data.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.2% to 96.69 as of 10:10 AM ET (15:10 GMT), after an overnight high of 97.69.The Empire State manufacturing index was lower in December, adding to concerns over the health of the U.S. economy. The reading was at 10.90 from 23.30 in November, the New York Fed reported on Monday. ...
Investing.com - Litecoin was trading at $28.652 by 09:30 (14:30 GMT) on the Investing.com Index on Monday, up 10.01% on the day. It was the largest one-day percentage gain since December 17.
The dollar slipped versus it major rivals as investors get ready for a flurry of monetary-policy decisions in a data-heavy week.
LONDON MARKETS Retail gloom hit London markets on Monday, after online retailing giant ASOS PLC cut its full-year outlook, sending its rivals into the red. Mining companies led the heavy-weight gainers.
Bitcoin prices are moving higher on Monday, looking to claw back last weeks losses that dragged the best-known cryptocurrency below $3,200 for the first time since Sept. 2017.
The Mexican peso gained against a soft dollar on Monday aided by positive investor reaction to the new leftist government's debut budget, while stocks in Brazil slipped dragged by declines in shares of ...
Investing.com - U.S. futures pointed to a flat to lower open on Monday amid trade concerns and worries over a global economic slowdown .The S&P 500 futures dipped 3 points or 0.12% to 2,602.38 as of 6:40 AM ET (11:40 GMT) while Dow futures ticked down 33 points, or 0.14%, to 24,095. Meanwhile tech heavy Nasdaq 100 futures decreased 6 points, or 0.09%, to 6,616.25.All three indexes closed on Friday in correction territory for the first time since March 2016.Trade tensions between the U.S. and China weighed on markets after U.S. ...
On Monday, gold traders will have the opportunity to react to several U.S. economic reports, but essentially, all eyes will be on Wednesday’s Fed meeting.
Investing.com - The U.S. dollar was holding steady below 19-month highs against a currency basket on Monday as concerns over the outlook for global growth kept sentiment subdued ahead of this week’s Federal Reserve policy meeting.
The Loonie continues to get undercut by declining oil markets despite subdued demand for USD as trading session progressed into the day resulting in range bound price action.
Euro zone headline inflation was at the European Central Bank target in November and the inflation measure crucial for monetary policy decisions eased again after rising the previous month, revised data showed on Monday. The European Union's statistics office said consumer prices in the 19 countries sharing the euro eased 0.2 percent month-on-month in November for a 1.9 percent year-on-year increase, revised down from the previously reported 2.0 percent. The ECB wants to keep headline inflation below, but close to 2 percent over the medium term.
Soft economic data from China and Europe boost USD’s safe haven demand was weak macro data hints at global economic slowdown.
Investing.com - The U.S. dollar was little changed on Monday in Asia as investors remained cautious ahead of the highly-anticipated U.S. Federal Reserve meeting later this week.
Investing.com - Cryptocurrency prices traded lower on Monday in Asia following reports that Hong Kong would tighten regulations on digital coins.
GBP bulls to remain on the defensive amid persistent Brexit uncertainties ahead of US FOMC rate hike statement.
EUR/USD suffered a contracting triangle breakdown on Friday, courtesy of heightened global growth fears and resulting risk aversion in the equities. The pair is now trading flat as investors look to FOMC meet for forward guidance.
Based on Friday’s price action, the direction of the February Comex gold market on Monday is likely to be determined by trader reaction to Friday’s low at $1236.50.
The Aussie Dollar finds support from the latest MYEFO report, with inflation and trade data out of the Eurozone bringing the EUR into focus later today.
Based on Friday’s close at 1.1305 and the early price action, the direction of the EUR/USD on Monday is likely to be determined by trader reaction to the main Fibonacci level at 1.1315.
This week, USD/JPY investors will get the opportunity to react to interest rate and monetary policy decisions by the U.S. Federal Reserve and the Bank of Japan. Also in the U.S., the government will release the latest figures on durable goods and gross domestic product. The Japanese government is also scheduled to release its latest figures on inflation.
This week, most eyes will be on the interest rate and monetary policy decisions by the U.S. Federal Reserve. The Fed is widely expected to raise its benchmark interest rate 25 basis points. However, investors will be more interested in how the Fed views future rate hikes.
Investing.com - This week precious metals traders will be focusing on Wednesday’s Federal Reserve monetary policy meeting for its impact on the U.S. dollar, which heavily influences gold’s performance.
Investing.com - This week investors will have their attention firmly focused on monetary policy as the Federal Reserve, the Bank of England and the Bank of Japan issue updates at a time of increased market volatility.