British Prime Minister Theresa May is hanging on to her post despite growing backlash to her Brexit plan. Yahoo Finance’s Oscar Williams-Grut has details from London.
Investing.com - Theresa May could be fighting for her political survival, but the Brexit crisis she's in has thrown gold bulls a lifeline.
Bitcoin prices are trading marginally higher on Friday, but set to book its second consecutive losing week after the recent rout.
It’s hard to imagine a more chaotic run-up to Britain’s exit from the European Union. Here’s why investors can’t ignore it.
The U.S. dollar sells off versus its major rivals on Friday, after Federal Reserve Vice Chairman Richard Clarida offers some dovish comments. The ailing buck gives more room to rebound to the British pound, which recovers from its worst one-day performance in more than two years on Thursday.
In could be a tense weekend for currency traders and others keeping a close eye on the political turmoil surrounding the British government’s efforts to negotiate its exit from the European Union.
Gold prices surged higher on Friday as the dollar eased against most major currencies. Friday softer than expected industrial production, appears to be the catalyst that drove yields lower. Gold prices surged higher on Friday rising up to resistance near the 20-day moving average at 1,222.
Investing.com - Gold prices surged on Friday as American officials dashed hopes for an imminent solution to trade tensions between China and the U.S. and the dollar suffered from dovish comments from the Federal Reserve and a bearish call from Morgan Stanley (NYSE:MS).
The Gold markets bounced from the trendline during the week, and the structurally important $1200 level. This could mean something big, however there are a lot of questions to be answered.
The US dollar fell significantly against the Japanese yen during the week, as we continue to struggle with the ¥114.50 level above. That’s an area that shows resistance all the way to the 115 young level, so it makes sense that we would struggle to break above there.