• Dow futures climb as ECB’s Draghi hints at rate cuts ahead of Fed meeting
    MarketWatch11 minutes ago

    Dow futures climb as ECB’s Draghi hints at rate cuts ahead of Fed meeting

    U.S. stocks on Tuesday are set to extend the previous session’s gains ahead of the start of the Federal Reserve’s two-day policy meeting.

  • MarketWatch36 minutes ago

    10-year Treasury yield slips closer to 2%

    U.S. Treasury yields fall sharply Tuesday after European Central Bank President Mario Draghi says additional monetary policy stimulus could be needed, including interest rate cuts and asset purchases

  • Trump says ECB’s Draghi is depressing euro to benefit trade
    MarketWatch1 hour ago

    Trump says ECB’s Draghi is depressing euro to benefit trade

    With markets already moving in response to the largely surprisingly dovish comments from European Central Bank head Mario Draghi Tuesday, the U.S. leader weighed in, too.

  • Facebook launches cryptocurrency Libra coin, stock jumps
    MarketWatch2 hours ago

    Facebook launches cryptocurrency Libra coin, stock jumps

    Facebook Inc. said Tuesday it will roll out its highly anticipated digital currency next year, intended to be used to make payments over the internet as well as on its social-media platform.

  • MarketWatch2 hours ago

    London markets boosted by stimulus talk

    LONDON MARKETS London markets rose as European Central Bank President Mario Draghi promised stimulus if economic conditions didn’t improve. How did markets perform? The U.K.’s FTSE 100 (UK:UKX) was up 0.

  • MarketWatch3 hours ago

    Europe markets jump on Draghi stimulus promise

    EUROPE MARKETS European markets shot higher as European Central Bank President Mario Draghi promised stimulus if economic conditions didn’t improve. How did markets perform? The Stoxx 600 (XX:SXXP) leapt 0.

  • MarketWatch3 hours ago

    Euro drops, global equities rise as ECB's Draghi hints of more stimulus

    The euro fell against the dollar on Tuesday, while European stocks and U.S. stock futures rose after European Central Bank President Mario Draghi indicated the bank is ready for more stimulus if the euro-area economy doesn't improve, at a conference in Portugal. Draghi said the risk outlook for the European economy "remains tilted to the downside, and indicators for the coming quarters point to lingering softness," in prepared remarks for an ECB Forum in Sintra. "In the absence of improvement, such that the sustained return of inflation to our aim is threatened, additional stimulus will be required," he said. The euro [s:eurusd] was last down 0.3% against the dollar to $1.182, while the Stoxx Europe 600 index rose 0.7% and Dow Jones Industrial Average futures gained 75 points, or 0.3%, to 26,208. S&P 500 futures rose 8.95 points or 0.3%. Gold prices gained $6.70, or 0.5%, to $1,349 an ounce.

  • Brexit Brief: Prospect of no-deal Brexit sends pound to nearly six-month-low
    MarketWatch4 hours ago

    Brexit Brief: Prospect of no-deal Brexit sends pound to nearly six-month-low

    The pound has dipped to the $1.25 mark—the weakest since the beginning of the year—as traders grapple with uncertainty over the Conservative leadership contest and the possibility of both a no-deal Brexit and a U.K. general election.

  • Despite the Commentary, Traders Lack Concern Around this Week’s Central Bank Risk
    FX Empire5 hours ago

    Despite the Commentary, Traders Lack Concern Around this Week’s Central Bank Risk

    There have been arguments that traders have now pre-positioned portfolios, and happy to drift into the menagerie of central bank speakers this week.

  • We are Patiently Waiting
    FX Empire5 hours ago

    We are Patiently Waiting

    In what was expected to be a busy week has turned into a bit of dud ahead of the FOMC as traders have taken a decidedly defensive posture. The S&P 500 closed marginally higher but spent most of the day meandering aimlessly as both bulls and bears head for the side-lines.

  • Three Flag Formations that will help You in Trading
    FX Empire6 hours ago

    Three Flag Formations that will help You in Trading

    In today’s piece, I will show You three best trading occasions on the market right now, where You will see the power of the flag, so a technical trend correction pattern. I will show You examples from the past, as well, as occasions for the nearest future.

  • AUD/USD and NZD/USD Fundamental Daily Forecast – RBA Minutes Signal More Easing; NZ Consumer Sentiment Slips Again
    FX Empire6 hours ago

    AUD/USD and NZD/USD Fundamental Daily Forecast – RBA Minutes Signal More Easing; NZ Consumer Sentiment Slips Again

    We’re not expecting too much movement ahead of the Fed’s interest rate and monetary policy decisions on Wednesday. Both the AUD/USD and NZD/USD are expected to remain under pressure because the Reserve Bank of Australia and the Reserve Bank of New Zealand are expected to cut interest rates in the near future. The Fed is not expected to cut rates in June, but its monetary policy statement should open the door for rate cuts in either July or September.

  • Investing.com9 hours ago

    Sterling at 2019 Lows on Brexit Fears, Aussie Slides

    Investing.com - The British pound was trading near its lowest levels of the year on Tuesday as fresh fears over the prospect of a no-deal Brexit weighed, while the Australian dollar was pressured by growing expectations for another rate cut by the country’s central bank.

  • The RBA Hits the Aussie as the Focus Shifts to the GBP and the EUR
    FX Empire11 hours ago

    The RBA Hits the Aussie as the Focus Shifts to the GBP and the EUR

    The RBA talks of further rate cuts as the UK Tory Party Leadership race heats up. Stats out of the Eurozone will also be relevant later this morning.

  • RBA June Monetary Policy Board Minutes: Further Easing Likely in Near Future
    FX Empire11 hours ago

    RBA June Monetary Policy Board Minutes: Further Easing Likely in Near Future

    In the minutes, the RBA pointed out once again that labor market developments are “particularly important” on deciding further easing. We saw this last week following the release of a disappointing Unemployment Rate. It came in at 5.2%, above the 5.1% forecast. Traders have been aggressively selling the currency since this report was released on June 12.

  • Investing.com12 hours ago

    Pound at 5-1/2 Month Lows on Fears of No-Deal Brexit

    Investing.com - The British pound fell to five-and-a-half month lows on Tuesday in Asia as fears over the threat of a no-deal Brexit resurfaced.

  • Investing.com12 hours ago

    Gold Prices Rise; All Eyes on Fed

    Investing.com - Gold prices rose on Tuesday in Asia as traders awaited the highly-anticipated Federal Reserve meeting that is set to kick off later in the day.

  • Gold Price Futures (GC) Technical Analysis – Straddling Short-Term Retracement Zone at $1342.90 to $1338.40
    FX Empire18 hours ago

    Gold Price Futures (GC) Technical Analysis – Straddling Short-Term Retracement Zone at $1342.90 to $1338.40

    Based on the current price at $1342.30, the direction of the August Comex gold futures contract into the extended close is likely to be determined by trader reaction to the short-term 50% level at $1342.90.

  • U.S. Dollar Index Futures (DX) Technical Analysis – In Position to Close Above Short-Term Retracement Zone Resistance
    FX Empire18 hours ago

    U.S. Dollar Index Futures (DX) Technical Analysis – In Position to Close Above Short-Term Retracement Zone Resistance

    Based on the current price at 97.020, the direction of the September U.S. Dollar Index into the close is likely to be determined by trader reaction to the Fibonacci level at 97.020.

  • Gold Price Prediction – Gold Trades Sideways Ahead of Central Bank Decisions
    FX Empire18 hours ago

    Gold Price Prediction – Gold Trades Sideways Ahead of Central Bank Decisions

    Gold consolidates ahead of Fed

  • New Pakistan central bank boss dismisses free floating rupee idea
    Reuters19 hours ago

    New Pakistan central bank boss dismisses free floating rupee idea

    Pakistan's new central bank governor Reza Baqir on Monday dismissed the idea of a free floating rupee as he outlined reforms aimed at ending instability in the South Asian economy. Baqir was last month appointed to lead the central bank in Pakistan, which has been hit by ballooning current and fiscal account deficits and repeated devaluations of the rupee. Pakistan's policy is a "market based exchange rate system" that follows supply and demand, but that will not be left completely to the market, Baqir said in his first press conference as State Bank of Pakistan (SBP) governor.

  • GBP/USD Price Forecast – British pound looking for support
    FX Empire21 hours ago

    GBP/USD Price Forecast – British pound looking for support

    The British pound rallied slightly during the trading session on Monday, as we continue to see a bit of noise around the 1.26 handle. Beyond that, there is plenty of support underneath, so it looks as if we are trying to find the floor here.

  • AUD/USD Price Forecast – Australian dollar continues to struggle
    FX Empire21 hours ago

    AUD/USD Price Forecast – Australian dollar continues to struggle

    The Australian dollar went back and forth early on Monday to at the very least stabilize, but at this point there’s nothing compelling about the Aussie to get aggressive about. We are at crucial levels, so there are plenty of things to pay attention to.