Yahoo Finance's Adam Shapiro, Julie Hyman, Brian Cheung, and Heidi Chung join Yahoo News Reporter Stuart Henderson and Societe Macro Strategist Kit Juckes.
The British pound rises against rivals late Friday after U.K. Prime Minister Theresa May announced her resignation, after her deals to usher Britain out of the European Union failed and she lost the confidence of her political inner circle.
Investing.com - Bitcoin attempted to mount a rally above the $8,000 level on Friday, amid rising expectations that bitcoin watchers are set to ramp up purchases of the popular currency ahead of a cut in overall supply.
Our call of the day, from analysts at Piper Jaffray takes a holiday from the trade headlines to make a prediction about Amazon shares. They say get ready for a 65% move higher.
God and silver are trading in consolidation mode after Thursday’s rally. Be aware of profit taking and rebalancing ahead of the weekend.
Based on the early price action, the direction of the EUR/USD on Friday is likely to be determined by trader reaction to the price cluster at 1.1185.
London’s markets ticked up on Friday, as investor concerns were dulled by U.S. President Donald Trump’s indication the ban on Huawei Technologies Co. could be eased
Sri Lankan shares snapped five straight sessions of gains on Friday in low trade amid worries over economic slowdown and lack of investor appetite for risky assets. ** Traders said the Easter day bombings and aftermath violence weighed on investor sentiment. ** Sri Lanka is unlikely to hit its full-year economic growth target of 3-4% following the Easter Sunday bombings, junior finance minister Eran Wickremeratne told Reuters on Tuesday.
Crude Oil prices showed slight recovery signs as traders felt a firm trend in global trade. However, escalating Trade tensions capped further Oil gains.
Given yesterday’s bullish response to the weaker-than-expected PMI data, today’s durable goods figures for April, due to be released at 12:30 GMT, could have a strong influence on gold prices. Lower-than-expected durable goods numbers could spike gold prices higher for a second day. Better-than-expected data is likely to pressure gold
On Wednesday, the United States announced that they were considering sanctions ‘like Huawei’ for other Chinese companies, the US military sent two ships to the shores of Taiwan.
The British pound jumped, then pulled back on the news U.K. Prime Minister Theresa May will step down, after she failed three times to get a Brexit deal passed through Parliament. Making the announcement from Downing Street, May said her last day as prime minister and Conservative party leader will be June 7. The pound initially jumped on the move that had been widely reported, rising to a session high of $1.2725, before falling back to $1.2674, but still up 0.2% on the day. "The fact is that sterling volatility is going to rise from here and Boris Johnson is going to go for the hard Brexit which is going to be a huge disaster for the country," said Naeem Aslam, chief market analyst at TF Global Markets, in reference to former foreign secretary and Brexit hardliner Johnson.
Thursday brought us gains on two important European currencies: CHF and EUR. The first one was gaining traction from some time already but for the second one that is something new and should be rather considered as a short-term correction.
The S&P; 500 rose 14 points, or 0.5%, by 9:48 AM ET (13:48 GMT), while the Dow gained 149 points, or 0.6%, and the tech-heavy Nasdaq composite was up 56 points, or 0.7%.
Less than 10 months after coming to power in Pakistan with visions of creating a welfare system to lift millions out of poverty, economic crisis has forced Prime Minister Imran Khan into the hard realities of an IMF bail-out. In the days since last week's agreement in principle with the International Monetary Fund for a $6 billion loan, the rupee currency dropped 5 percent against the dollar, and it has now lost a third of its value in the past year. Financial crises have shaken the world's sixth-largest nation repeatedly over the years, threatening the stability of a nuclear-armed state plagued by Islamist militancy, and while the IMF programme may help stabilise the economy, it will bring more hardship.
Brexit tensions continued to prevail over the pair. MPs pressurizing May to leave the office at the earliest. However, on the technical side, the near-term trend indicates bullish prospects.
Trump hints to add the ‘very dangerous’ Huawei in the trade deal. Trade tensions worsened following such a strong statement. Euro pair gained out of the USD plunge.
Based on the early price action, the direction of the AUD/USD on Friday is likely to be determined by trader reaction to the pivot at .6900.
Theresa May is expected to hold a news conference this morning, outlining her departure date from number 10. Will it be the return of Boris Johnson?
The weaker oil prices helped currencies of major net importers of the commodity, such as India and Thailand, although moves in other parts of the region's emerging foreign exchange market were limited by concerns about the worsening Sino-U.S. trade war. In India, Modi's thumping win puts his Hindu nationalist party on course to increase its majority on a mandate of business-friendly policies and reinforces a global trend of right-wing populists sweeping to victory. The rupee gained as much as 0.4% to touch a session high of 69.74 against the dollar, en route to a weekly gain of about 0.7%.
Based on the early price action and the current price at 109.556, the direction of the USD/JPY on Friday is likely to be determined by trader reaction to the uptrending Gann angle at 109.573.