• Meet the 20-year old bitcoin trader who says he turned $1,000 into $3.7 million
    Yahoo Finance20 hours ago

    Meet the 20-year old bitcoin trader who says he turned $1,000 into $3.7 million

    A 20-year-old bitcoin trader says he turned $1,000 into $3.7M, and he isn't selling.

  • Crude Oil, Natural Gas Shine, Gold’s Luster Tarnished
    FX Empire14 hours ago

    Crude Oil, Natural Gas Shine, Gold’s Luster Tarnished

    Crude oil was supported primarily by worries over a possible supply disruption amid physical attacks on Saudi Arabian assets and US-Iran tensions. Natural gas rose as late spring/early summer heat became a new concern. Gold traders were burned by chasing headlines as the dollar regained strength on improving U.S. economic conditions.

  • Weekly Wrap – Stats and the U.S – China Trade War Put the Dollar on Top
    FX Empireyesterday

    Weekly Wrap – Stats and the U.S – China Trade War Put the Dollar on Top

    The U.S – China trade war continued to grip the markets and, while the China economy showed cracks, U.S stats impressed.

  • Moody's2 days ago

    Ecatepec de Morelos, Municipality of -- Moody´s affirms the Municipality of Ecatepec's issuer and debt ratings and changes the outlook to stable from negative

    Moody´s de México, ("Moody´s") has affirmed the B1 (Global Scale, local currency) and Baa3.mx (Mexican National Scale) issuer ratings of the Municipality of Ecatepec de Morelos, and changed the outlook to stable from negative. At the same time, Moody's affirmed the debt ratings of the municipality's MXN 250 million enhanced loan from BBVA Bancomer at Ba1/A1.mx.

  • Gold Price Futures (GC) Technical Analysis – Late Session Weakness Under $1278.20, Strengthens Over $1280.20
    FX Empire2 days ago

    Gold Price Futures (GC) Technical Analysis – Late Session Weakness Under $1278.20, Strengthens Over $1280.20

    Based on the early price action and the last price at $1276.30, the direction of the gold market the rest of the session is likely to be determined by trader reaction to a pair of Gann angles at $1278.30 and $1280.20.

  • Moody's2 days ago

    Cuautitlan Izcalli, Municipality of -- Moody's withdraws the issuer and debt ratings of the municipality of Cuautitlan Izcalli

    Moody's de Mexico S.A. de C.V. withdrew the Ba3/Baa1.mx (Global Scale, local currency/Mexico National Scale) issuer ratings of the Municipality of Cuautitlán Izcalli and also withdrew the negative outlook. At the same time, Moody's de Mexico withdrew debt ratings of the MXN 200 million loan (original face value) with BBVA Bancomer of Baa3/Aa3.mx (Global Scale, local currency/Mexico National Scale) and the MXN 75 million loan (original face value) with Interacciones of Baa2/Aa2.mx (Global Scale, local currency/Mexico National Scale).

  • Forex Daily Recap – Loonie Bears Took Charge Amid Trade Settlement Uncertainties
    FX Empire2 days ago

    Forex Daily Recap – Loonie Bears Took Charge Amid Trade Settlement Uncertainties

    Robust growing USD Index pushed down all its major rivals. Hence, EUR/USD pair plunged despite positive Euro-specific data. Meanwhile, the Cable continued to douse in fall amid Brexit chaos.

  • Gold Price Prediction – Gold Drops on Robust Consumer Sentiment
    FX Empire2 days ago

    Gold Price Prediction – Gold Drops on Robust Consumer Sentiment

    Gold prices slide on strong sentiment

  • Gold Weekly Price Forecast – Gold markets fire off a reversal candle
    FX Empire2 days ago

    Gold Weekly Price Forecast – Gold markets fire off a reversal candle

    Gold markets initially tried to rally during the week, slamming into the $1300 level. However, we were repelled there rather quickly, and then turned around to fall rather precipitously. With this in mind, this is not a good look for gold.

  • Gold Price Forecast – Gold markets fall to close out the week
    FX Empire2 days ago

    Gold Price Forecast – Gold markets fall to close out the week

    Gold markets fell rather hard on Friday, crashing into the $1278 region which is where the 200 day EMA is. Because of this, it looks like we are going to make a serious test of the $1268 level, an area that has caused the lot of support in the past.

  • USD/JPY Weekly Price Forecast – US dollar finding support against yen
    FX Empire2 days ago

    USD/JPY Weekly Price Forecast – US dollar finding support against yen

    The US dollar initially fell during most of the week, but since then we have gone back and forth on the daily charts to form a bit of a zigzag on the way back to the highs. Adding more interest to the market is the fact that we are forming a weekly hammer.

  • GBP/USD Weekly Price Forecast – British pound has horrific week
    FX Empire2 days ago

    GBP/USD Weekly Price Forecast – British pound has horrific week

    The British pound initially tried to rally during the week, but then broke down almost immediately, leaving the 1.30 level in the rearview mirror. After that, we have broken down below the 1.28 level, and now things are looking rather ugly.

  • GBP/JPY Weekly Price Forecast – British pound falls against Japanese yen for the week
    FX Empire2 days ago

    GBP/JPY Weekly Price Forecast – British pound falls against Japanese yen for the week

    The British pound fell rather hard during the week and a lot of risk aversion when it comes to the Brexit. This of course makes quite a bit of sense, as the political situation with Theresa May looking very likely to retire has a lot of questions attached to it.

  • EUR/USD Weekly Price Forecast – Euro continues to drift lower
    FX Empire2 days ago

    EUR/USD Weekly Price Forecast – Euro continues to drift lower

    The Euro drifted a bit lower during the week, after initially trying to rally. That being the case, it looks as if the negativity continues in this market, as the Euro has been beaten down a bit over the last several months. That being said, it’s been a real grind so collapses that necessarily in the cards.

  • AUD/USD Weekly Price Forecast – Aussie dollar continues to fall
    FX Empire2 days ago

    AUD/USD Weekly Price Forecast – Aussie dollar continues to fall

    The Australian dollar has had a very rough week, as we are looking very likely to test the lows of the range of support that I have been talking about for some time. In fact, we are closing towards the bottom of the candle stick which is a very bad look to say the least.

  • USD/JPY Price Forecast – US dollar continues to find support
    FX Empire2 days ago

    USD/JPY Price Forecast – US dollar continues to find support

    The US dollar fell a bit during the trading session on Friday, as we continue to see a lot of noise against the Japanese yen. This makes sense, because there’s a lot of noise coming out of the US/China trade situation, and of course the Japanese yen is an extraordinarily “safe currency.”

  • GBP/USD Price Forecast – British pound continues to get hammered
    FX Empire2 days ago

    GBP/USD Price Forecast – British pound continues to get hammered

    The British pound got absolutely hammered during the trading session on Friday again, as we continue to see a lot of concern around the Brexit. This is a markets are reacting to the potential resignation of Theresa May, and the unknown after that.

  • GBP/JPY Price Forecast – British pound finding support at major level
    FX Empire2 days ago

    GBP/JPY Price Forecast – British pound finding support at major level

    The British pound fell rather hard during the trading session on Friday, as we had a bit of a “risk off” move during Asia. As the Chinese suggested that there is no real hope of talks continue in the short term, that of course at the Asian markets selling off. However, by the time the Americans came on board, things started to change.

  • EUR/USD Price Forecast – Euro continues to bounce around
    FX Empire2 days ago

    EUR/USD Price Forecast – Euro continues to bounce around

    The Euro went back and forth during the trading session on Friday, as we simply have no idea where we are going to go. At this point, it looks like the market is testing the 1.1150 level, and we could see some type of significant move once we make a decision.

  • AUD/USD Price Forecast – Australian dollar continues to slide
    FX Empire2 days ago

    AUD/USD Price Forecast – Australian dollar continues to slide

    The Australian dollar fell slightly during the trading session on Friday as we continue to see the Aussie slide overall. At this point, it looks as if we are probably heading towards the bottom of the major support level, but this is a pair that is moving in slow motion.

  • Soybeans’ Recovery Capped, Sugar Down to 7-Month Lows
    FX Empire2 days ago

    Soybeans’ Recovery Capped, Sugar Down to 7-Month Lows

    Soybeans prices are down on Friday due to trade war and profit taking; Sugar is negative big as experts are forecasting another year of surplus.

  • Investing.com2 days ago

    Bitcoin Risks Snapping Six-Week Winning Streak as Technicals Signal Overbought

    Investing.com -- Bitcoin fell sharply Friday, putting its six-week winning streak in danger after suffering its biggest drop in more than a year, with many attributing the plunge to technical indicators showing popular crypto has reached overbought territory.

  • Investing.com2 days ago

    Gold Dips as Dollar Surges on China, U.S. Consumer Data

    By Barani Krishnan

  • Pound Hammered as Brexit Talks Collapse
    FX Empire2 days ago

    Pound Hammered as Brexit Talks Collapse

    It was already a terrible trading week for the British Pound thanks to the political risk circus in Westminster and Brexit related uncertainty.

  • MarketWatch2 days ago

    Dow slumps 94 points, jeopardizing multiday rally as China trade tensions flare up

    U.S. stock benchmarks Friday morning traded solidly lower, putting the thee main indexes on a path to book weekly losses and halt a three-session advance amid further investor concerns about trade relations between the U.S. and its international counterparts. The Dow Jones Industrial Average traded about 94 points, or 0.4%, lower at 25,772, the S&P 500 index declined 0.4% at 2,864, and the Nasdaq Composite Index retreated 0.5% at 7,857, in early trade. For the week, the Dow was set for a weekly decline of 1%, the S&P 500 was poised for a weekly slide of 0.8%, while the Nasdaq was on track to fall 1%, according to FactSet data. Heightened trade tensions appeared evident in comments from state-controlled media, including the Communist Party's People's Daily and Xinhua News Agency, which published scathing attacks on U.S. actions in recent days. "The U.S. has made an irrational act in trying to blackmail China with tariff hikes, which will be proven over time to be shortsighted and doomed to fail," read an editorial in the Xinhua early Friday. Meanwhile, the British pound was under pressure against the dollar amid growing uncertainty about Britain's plans to exit from Europe's trading bloc. In corporate news, shares of Pinterest Inc. were looking at double-digit percentage losses, after the social-media company announced Thursday evening that its first-quarter losses of $41.4 million were three times as large as analysts had expected. Meanwhile, Chinese coffeehouse chain Luckin Coffee Inc. , a potential rival to Starbucks Corp. will list their shares on the Nasdaq stock exchange Friday, after pricing its shares at $17, with a plan to sell 33 million shares.