Many currencies, including the majors, are retracing last week’s movements on Monday, leading to little action in the U.S. dollar and euro, as well as a rebound from losses in emerging markets.
Bitcoin prices traded marginally higher on Monday, extending recent gains that saw the best-known cryptocurrency log its fifth consecutive winning week.
U.K. Prime Minister Theresa May will put a version of her Brexit withdrawal agreement to a vote in Parliament on Tuesday, according to local reports. This will be the third vote on May's deal, which has previously been rejected in January and earlier this month. The U.K. was scheduled to leave the European Union by March 29, but last week secured an extension that would postpone the deadline to June 30 if May's deal was supported by lawmakers. If the deal is rejected, the U.K. will have until April 12 to decide on next steps or leave the EU without a withdrawal agreement. The British pound pared earlier losses following the reports and was last up 0.2% at $1.3242.
Investing.com - Gold prices rose to a one-month high on Monday as lingering concerns over the outlook for the global economy increased demand for the safe-haven precious metal, despite positive data out of Germany and some relief that the investigation into alleged collusion in the 2016 election campaign ended without charges against U.S. President Donald Trump.
Latest Litecoin price commentary Litecoin (LTC) is currently trading at around $60, exactly the same price as last week, showing there has been some serious sideways trading. Litecoin has seen exponential growth since the beginning of February, with a massive 45% increase in price. However, Litecoin has now started to consolidate. Current live Litecoin pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Litecoin price. Pricing is also available in a range of different currency equivalents: US Dollar – LTCtoUSD British Pound Sterling – LTCtoGBP Japanese Yen – LTCtoJPY Euro – LTCtoEUR Australian Dollar – LTCtoAUD Russian Rouble – LTCtoRUB About The post Latest Litecoin price and analysis (LTC to USD) appeared first on Coin Rivet.
Sterling to see volatile trading activity as all focus shifts to UK lawmakers who are set to discuss EU’s Brexit deadline extension terms during the weekend ahead.
Gold prices will continue to be influenced by the direction of U.S. Treasury yields and U.S. equity prices. A further deterioration in Treasury yields will increase fears of a recession. This will continue to increase gold’s appeal as a safe-haven asset. Further weakness in demand for riskier assets will also drive up demand for gold.
Investing.com - Wall Street pressed lower on Monday as concerns over the economic outlook outweighed positive market developments and risk aversion dominated.
Mueller Clears Uncertainty on Trump-Russia Probe. Asian Trades Opened Low Amidst Fear On Global Economic Sluggishness.
With fears of a global recession growing strong, the gold market will continue to attract buyers due to a risk-off sentiment. The silver prices rallied towards the $15.50 level on Friday’s session but is experiencing stiff resistance at the 200 Day EMA. The crude oil prices reversed its momentum during Friday’s session, pulling back towards the $58 level.
Both EURO & US Suffers from dovish cues influenced by Government bond performance resulting in rangebound price action.
The Euro fell hard during Friday’s session, breaking below the crucial 1.13 level after getting poor German economic numbers. The market is likely to keep volatile as fears of a global recession growing strong after US bond yield curve inverts for the first time since 2007. The 1.1250 level underneath should attract a lot of attention and if the pair breaks below the 1.12 level, then it would be extremely negative and will open the door towards 1.10 level. …Read MoreGBP/USD
Investing.com - Wall Street is set for a lower open on Monday as fears of slowing growth and a possible U.S. recession lead investors to shun risk assets.
Based on the early price action, the direction of the AUD/USD on Monday is likely to be determined by trader reaction to the 50% level at .7079.
Risk aversion hits the markets early, as Theresa May prepares to lay down her Brexit plans in a bid to gain support for her deal. A resignation?
This week, the AUD/USD and the NZD/USD will be largely influenced by the direction of U.S. Treasury yields. Domestically, news from New Zealand will dominate the trade. Ahead of the RBNZ announcements, the markets have now almost fully priced (over 90% probability) for one full interest rate cut by August and an 80% chance of two cuts by April 2020.
Investing.com -- The dollar is edging lower early Monday in Europe but holding on to most of the gains it made during Friday’s big risk-off movement in global markets.
Risk aversion hit the Asian markets early, pulling the European and U.S futures into the red. Bond yields did the damage, as bond yields tumbled.
All eyes are likely to be on the relationship between U.S. Government bond yields and Japanese Government bond yields. Last week, U.S. yields plunged, inverting the yield curve which stoked fears that an economic recession is on the horizon.
Investing.com - The U.S. dollar edged down on Monday in Asia after a closely-watched indicator for recession appeared on Friday.
Brexit, U.S – China trade talks, the Robert Mueller Report and a mass of economic data will provide the markets with plenty to consider in the week ahead.
The Brexit saga continues overseas as British Prime Minister Theresa May survives a coup attempt. Hundreds of thousands across London protested Brexit this past weekend. Yahoo Finance's Adam Shapiro, Julie Hyman, and Oscar Williams-Grut discuss.