• U.S. Dollar Plummets, Sterling Rises
    Investing.com2 hours ago

    U.S. Dollar Plummets, Sterling Rises

    Investing.com - The U.S. dollar continued to fall against other currencies on Monday, while the pound gained ground as investors awaited an interest rate decision from the Federal Reserve.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.21% to 93.59 as of 10:21 AM ET (14:21 GMT).The Fed meets on Tuesday and Wednesday, with traders expecting a rate hike for the third time this year. The market has already priced in a 100% chance of a 25-basis-point increase.Chances of an increase in December were at 86.1%. ...

  • Stocks - Wall Street Slides Despite M&A Heating Up
    Investing.com3 hours ago

    Stocks - Wall Street Slides Despite M&A Heating Up

    Investing.com - Stocks started lower Monday, with investors hesitant as a new batch of tariffs between the U.S. and China went into effect. But a wave of mergers produced a lot of activity in individual issues.

  • Gold Prices Broadly Higher as U.S. Dollar Slumps
    Investing.com3 hours ago

    Gold Prices Broadly Higher as U.S. Dollar Slumps

    Other metals were mixed on the Comex, with silver futures falling 0.34% to $14.310 a troy ounce. Among other precious metals, platinum futures rose 0.30% to $835.40, while palladium futures increased 0.39% to $1,049.00 an ounce. Copper futures gained 0.16% to $2.862 a pound.

  • Crypto Prices Fall; Report Suggests Tether Has No Impact on Bitcoin
    Investing.com3 hours ago

    Crypto Prices Fall; Report Suggests Tether Has No Impact on Bitcoin

    Cryptocurrencies fell on Monday, while Bitcoin eased from a two-and-a-half-week high as an academic study found that Tether does not impact its price. Bitcoin decreased 1.56% to $6,630.30 on the Bitfinex exchange, as of 8:52 AM ET (12:52 GMT). Cryptocurrencies overall were lower, with the coin market cap of total market capitalization at $219 billion at the time of writing, compared to $228 billion on Sunday.

  • What the market will watch for in Italy’s crucial budget proposal this week
    MarketWatch5 hours ago

    What the market will watch for in Italy’s crucial budget proposal this week

    Investors consider the health of Italy’s finances a major threat to the euro, so all eyes are on next week’s Italian budget proposal.

  • Dollar adds to losses, euro on the rise as ECB forecasts higher inflation
    MarketWatch5 hours ago

    Dollar adds to losses, euro on the rise as ECB forecasts higher inflation

    The U.S. dollar extends earlier losses on Monday, after European Central Bank President Mario Draghi said he expects European core inflation to rise, giving the euro a boost.

  • Stocks- U.S. Futures Fall as China Cancels Trade Talks
    Investing.com5 hours ago

    Stocks- U.S. Futures Fall as China Cancels Trade Talks

    Investing.com – U.S. futures pointed to a lower opening bell on Friday as trade war tensions kept investors on edge.The S&P 500 futures fell 5 points or 0.18% to 2,928.50 as of 6:51 AM ET (10:51 GMT) while Dow futures lost 41 points, or 0.15%, to 26,713.0. Meanwhile tech heavy Nasdaq 100 futures decreased 28 points, or 0.37%, to 7,522.50.The U.S.-Sino trade war escalated on Monday, as U.S. duties on $200 billion of Chinese goods went into effect at 12:01 AM ET (4:01 GMT) and China accused the U.S. of bullying.China cancelled mid-level trade talks with the U.S. ...

  • Deal news lifts Sky, Randgold, but trade worries weigh on Europe’s stock index
    MarketWatch5 hours ago

    Deal news lifts Sky, Randgold, but trade worries weigh on Europe’s stock index

    European stocks struggle on Monday, weighed by renewed jitters, but there were some bright spots as mergers and acquisitions news buoyed shares of Sky and Randgold Resources.

  • MarketWatch6 hours ago

    ECB President Mario Draghi expects 'vigorous pick-up in underlying inflation'

    European Central Bank President Mario Draghi on Monday said he expected a rise in eurozone consumer prices. Harmonized European inflation would likely hover around 1.7% every year until 2020 and 1.8% excluding food and energy in 2020, he said in introductory remarks at a hearing on economic and monetary affairs in the European Parliament. "This stable profile conceals a slowing contribution from the non-core components of the general index, and a relatively vigorous pick-up in underlying inflation." Draghi reiterated that ECB interest rates would remain at their current levels at least through the summer of 2019. Still, with inflation being a key puzzle piece for monetary policy, the euro strengthened in response. One euro last bought $1.1810, it's highest level since June, compared with Monday's session low of $1.1724.

  • EUR/USD Mid-Session Technical Analysis for September 24, 2018
    FX Empire6 hours ago

    EUR/USD Mid-Session Technical Analysis for September 24, 2018

    Based on the early price action, the direction of the EUR/USD is likely to be determined by trader reaction to the uptrending Gann angle at 1.1726.

  • Bitcoin prices may not have hit rock bottom yet, says Cboe options expert
    MarketWatch6 hours ago

    Bitcoin prices may not have hit rock bottom yet, says Cboe options expert

    Coming off the best week for digital currencies since late July, bitcoin, the world’s No. 1 digital currency, was trading marginally lower on Monday. In early action, a single bitcoin (BTCUSD) was changing hands at $6,588.19, down 1.3% since Sunday at 5 p.m. Eastern Time on the Kraken exchange, and off a late-Friday high of $6,808. Crypto bulls are riding high after to total market value of cryptocurrencies has risen by more than $20 billion over the past seven sessions, perhaps, signaling a halt in a monthslong bitcoin bear market, which has the price of the digital currency down more than 50% in 2018.

  • Investing.com7 hours ago

    Litecoin Falls 10.06% In Selloff

    Investing.com - Litecoin was trading at $57.800 by 05:07 (09:07 GMT) on the Investing.com Index on Monday, down 10.06% on the day. It was the largest one-day percentage loss since September 5.

  • Price of Gold Fundamental Daily Forecast – Rangebound Ahead of Fed Interest Rate Decision
    FX Empire7 hours ago

    Price of Gold Fundamental Daily Forecast – Rangebound Ahead of Fed Interest Rate Decision

    There are no major economic reports today, China and Japan are on holiday and the Fed starts its two-day meeting on Tuesday. Look for a low volume, low volatility trading session.

  • Forex- U.S. Dollar Falls as China Cancels Trade Talks
    Investing.com7 hours ago

    Forex- U.S. Dollar Falls as China Cancels Trade Talks

    The Australian dollar was lower, with AUD/USD down 0.26% to 0.7271, while NZD/USD fell 0.19% to 0.6677 and USD/CAD gained 0.18% to 1.2938.

  • USD/CAD Daily Price Forecast – USD/CAD Recovers from Recent Lows on Intensifying Sino-U.S Tariff Wars
    FX Empire8 hours ago

    USD/CAD Daily Price Forecast – USD/CAD Recovers from Recent Lows on Intensifying Sino-U.S Tariff Wars

    USD fails to preserve/build on the rebound despite positive US bond yields.

  • Gold Loses Luster as Sino-U.S Trade War Intensifies Amid Holiday Thin Market
    FX Empire10 hours ago

    Gold Loses Luster as Sino-U.S Trade War Intensifies Amid Holiday Thin Market

    The news out of China seems to be having some negative impact on gold with the U.S. dollar cautiously higher.

  • Cryptocurrencies Steady; Dubai Launches Blockchain-Based Payment System
    Investing.com11 hours ago

    Cryptocurrencies Steady; Dubai Launches Blockchain-Based Payment System

    Investing.com - Bitcoin and other major cryptocurrency prices were steady on Monday in Asia. Dubai boosted confidence in digital tokens by launching a blockchain-powered payment system on Sunday.

  • Dollar Support Kicks in as Market Risk Appetite Sinks
    FX Empire11 hours ago

    Dollar Support Kicks in as Market Risk Appetite Sinks

    Trade war jitters return, weighing on the equity markets and commodity currencies, Trump’s 2nd general assembly speech tomorrow of little comfort.

  • Gold Prices Inches Up, Dollar Also Gains on Trade Worries
    Investing.com11 hours ago

    Gold Prices Inches Up, Dollar Also Gains on Trade Worries

    Investing.com - Gold prices inched up while the dollar also gained on Monday as China cancelled its planned trade talks with the U.S.

  • Forex Daily Outlook – September 24, 2018
    FX Empire11 hours ago

    Forex Daily Outlook – September 24, 2018

    The Euro breaks lower after testing the massively resistive 1.18 level in the Friday’s session, which was the top of the larger consolidation area. It is expected that the 1.17 level underneath is going to offer strong support to the pair and is likely to trade above this range for next couple of session to gain momentum to break higher. After rallying significantly in the last few session, the pair experienced some cooling down effect and tested the 0.7250 level underneath for support.

  • Yen Inches Up as China Cancels Trade Talks, Dollar Also Gains
    Investing.com12 hours ago

    Yen Inches Up as China Cancels Trade Talks, Dollar Also Gains

    Investing.com - The Japanese yen edged up on Monday as China cancelled its planned trade talks with the U.S. The dollar also gained following the news.

  • GBP/USD Daily Price Forecast – GBP/USD Off to Subdued Start on Re-emerging Brexit Concerns
    FX Empire13 hours ago

    GBP/USD Daily Price Forecast – GBP/USD Off to Subdued Start on Re-emerging Brexit Concerns

    GBP took a beating on Friday after PM May’s speech and talks of snap election further added bearish influence to British Pound.

  • EUR/USD Daily Price Forecast – EUR/USD Opens Flat on Widening US-DE Spread Difference amid Risk Averse Market Situation
    FX Empire14 hours ago

    EUR/USD Daily Price Forecast – EUR/USD Opens Flat on Widening US-DE Spread Difference amid Risk Averse Market Situation

    The wider yield differentials and potential risk aversion in equities could cap upside in the EUR/USD ahead of the Fed.

  • Gold Price Futures (GC) Technical Analysis – Straddling Key Pivot at $1194.30 for Five Weeks
    FX Empire17 hours ago

    Gold Price Futures (GC) Technical Analysis – Straddling Key Pivot at $1194.30 for Five Weeks

    Based on Friday’s close at $1201.30 and the recent price action, the direction of the December Comex Gold futures contract is likely to be determined by trader reaction to the short-term pivot at $1194.30.

  • USD/JPY Forex Technical Analysis – Must Sustain Move Over 112.874 to Set Up Test of 113.21 then 113.745
    FX Empire18 hours ago

    USD/JPY Forex Technical Analysis – Must Sustain Move Over 112.874 to Set Up Test of 113.21 then 113.745

    The price action is being driven by momentum so taking out 112.874 will signal that the momentum is getting stronger. If accompanied by better-than-average volume then look for a possible test of the main top at 113.210, followed by 113.745. Taking out last week’s low at 111.665 will make 112.874 a new minor top.  This could lead to moves into a 50% level at 111.490, followed by 119.859.