• Bitcoin is displaying a ‘lethargic base’ and has yet to find a bottom, says analyst
    MarketWatch33 minutes ago

    Bitcoin is displaying a ‘lethargic base’ and has yet to find a bottom, says analyst

    Bitcoin prices are trading marginally higher on Wednesday, continuing to oscillate either side of $3,500.

  • British pound edges higher as May’s government survives no-confidence vote
    MarketWatch2 hours ago

    British pound edges higher as May’s government survives no-confidence vote

    The British pound is trading in a tight range on Wednesday after U.K. Prime Minister Theresa May’s Brexit deal was defeated in Parliament Tuesday and as lawmakers are debating a no-confidence motion against the government.

  • MarketWatch3 hours ago

    Theresa May's government narrowly survives no-confidence vote

    The U.K. government survived a no-confidence vote brought by Labour Party leader Jeremy Corbyn over its handling of Brexit on Wednesday. The decision by lawmakers, who voted 325 in support and 306 against the government, leaves the administration intact with Prime Minister Theresa May at the helm. Following the vote, the U.K. will return to the predefined Brexit timeline, giving the government until Jan. 21 to present an alternative Brexit deal after May's proposal was voted down in Parliament on Tuesday. The British pound in response briefly bounced higher but retraced its gains to stand little changed at $1.2861. The euro was slightly weaker against sterling, last buying £0.8866.

  • What is a no-confidence vote?
    MarketWatch3 hours ago

    What is a no-confidence vote?

    The U.K. government is facing a vote of no confidence in Parliament over its handling of Brexit on Wednesday. Here is how this mechanism works.

  • MarketWatch3 hours ago

    British lawmakers begin voting in no-confidence motion against U.K. government

    British members of Parliament are beginning to vote in a no-confidence motion against Prime Minister Theresa May's government that was brought by opposition leader Jeremy Corbyn. The vote is not expected to oust the government. The Conservative and pro-Brexit European Research Group, which was instrumental in bringing a leadership challenge against May in December that ultimately failed, said they would back the government. The Norther Irish Democratic Unionist Party is also expected to back the Tories. Should Parliament express it has no confidence in the government after all, and no other government can gain confidence within 14 days, a general election would have to be called. May earlier said when addressing Parliament that having a new general election would be the worst possible option. U.K. stocks and bonds were closed at the time the vote began, and the British pound was little changed at $1.2858.

  • MarketWatch4 hours ago

    Fed's George tells WSJ that bond roll-off may be causing market volatility

    Elaborating on a speech she delivered on Monday, Kansas City Fed President Esther George said the central bank's shrinking portfolio of bonds may be a "fair explanation" for what's driving stock-market volatility. "This idea that it was like paint drying, I didn't really embrace that," she told The Wall Street Journal in an interview. "You have to continually watch it." That said, George told the newspaper the Fed hasn't reached the conclusion it was necessary to change the pace of the bond roll-off. George reiterated to the newspaper that she now advocates for some patience before the Fed raises interest rates further.

  • Has USD Strength Run Out?
    FX Empire5 hours ago

    Has USD Strength Run Out?

    Some analysts, like the chief of currency strategy at Morgan Stanley, are saying that the dollar rally – which started in early 2018 – has come to an end.

  • AUD/USD Forex Technical Analysis – January 16, 2019 Forecast
    FX Empire6 hours ago

    AUD/USD Forex Technical Analysis – January 16, 2019 Forecast

    Based on the early price action and the current price at .7180, the direction of the AUD/USD the rest of the session will likely be determined by trader reaction to the Fibonacci level at .7153.

  • Gold Price Prediction – Prices Consolidate Ahead of No Confidence Vote
    FX Empire6 hours ago

    Gold Price Prediction – Prices Consolidate Ahead of No Confidence Vote

    Gold prices moved higher on Wednesday ahead of the no confidence vote in the UK.  While May is widely expected to remain the Prime Minister, there is no clear cut plan on how to move forward. UK core inflation came in stronger than expected but the headline remains soft due to declining petroleum prices. Medium term momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal.

  • Brexit Impact on European & U.S. Economy
    Yahoo Finance Video4 hours ago

    Brexit Impact on European & U.S. Economy

    Yahoo Finance’s Adam Shapiro, Julie Hyman, and Dan Roberts join Columbia Threadneedle Investments Senior Interest Rate & Currency Analyst Ed Al-Hussainy to discuss the U.S. and European market outlook after Brexit.

  • What's Next for Brexit?
    Yahoo Finance Video5 hours ago

    What's Next for Brexit?

    Yahoo Finance’s Adam Shapiro, Julie Hyman, and Alanna Petroff discuss the large Brexit defeat in British Parliament.