• NZD/USD Forex Technical Analysis – Trade Through .6667 Confirms Reversal Top, Targets .6600
    FX Empire6 hours ago

    NZD/USD Forex Technical Analysis – Trade Through .6667 Confirms Reversal Top, Targets .6600

    Based on Friday’s close at .6680, the direction of the NZD/USD on Monday is likely to be determined by trader reaction to the 50% level at .6675. Late Friday, China canceled the trade talks with the U.S. This is potentially bearish so watch the downside early Monday.

  • Receding Risk Aversion Drives Dollar Lower Against Most Major Currencies
    FX Empire7 hours ago

    Receding Risk Aversion Drives Dollar Lower Against Most Major Currencies

    The U.S. Dollar finished lower against a basket of major currencies last week after an easing of tensions over the trade dispute between the United States and China encouraged investors to lift dollar hedges. The Reserve Bank of Australia (RBA) warned on risks to its outlook from U.S.-China trade tensions and weak wages, while reaffirming its next interest rate move would likely be a hike. The New Zealand Dollar was boosted after data showed its economy grew at a faster pace than expected in the second quarter. The Bank of Japan (BOJ) reiterated last Wednesday that it would keep interest rates extremely low “for an extended period,” holding to forward guidance it first introduced in July.

  • China Cancels Trade Meeting, OPEC May Raise Production by 500K
    FX Empire13 hours ago

    China Cancels Trade Meeting, OPEC May Raise Production by 500K

    China dropped a potential bombshell late Friday when it canceled planned trade discussions with the United States. Gold prices edged lower on Friday as the U.S. Dollar firmed on renewed concerns over escalating trade tensions between the United States and China. A report showed OPEC and its allies were considering a coordinated increase in crude production.

  • Gold Weekly Price Forecast – Gold markets struggle during the week again
    FX Empire23 hours ago

    Gold Weekly Price Forecast – Gold markets struggle during the week again

    Gold markets tried to rally during the week but found the $1215 level to be too resistive to go higher. In fact, we have formed a shooting star for the second week in a row, and that does suggest that we are really starting to try to break down from here.

  • USD/JPY Weekly Price Forecast – US dollar pressing downtrend line
    FX Empire23 hours ago

    USD/JPY Weekly Price Forecast – US dollar pressing downtrend line

    The US dollar is pressing the downtrend line from a larger consolidation area in the form of a symmetrical triangle. If we can break above the weekly candle stick, that could be a very good sign. However, in the current trade war environment it’s hard to tell whether that’s going to happen or not.

  • GBP/USD Weekly Price Forecast – the British pound gets pummeled at the end of the week
    FX Empire23 hours ago

    GBP/USD Weekly Price Forecast – the British pound gets pummeled at the end of the week

    The British pound initially tried to rally during the week, reaching towards the 1.33 level before pulling back to form a massive shooting star. This was in a negative sign, and I think it shows that we continue to follow the occasional headline as to where to go next. It looks as if the British pound is ready to roll over for a while, as Teresa May has suggested that the Brexit may be without a deal.

  • GBP/JPY Weekly Price Forecast – British pound turns around drastically
    FX Empire23 hours ago

    GBP/JPY Weekly Price Forecast – British pound turns around drastically

    The British pound turned around rather drastically on Friday, as Teresa May announced that the end result of the Brexit negotiations may be no deal.

  • EUR/USD Weekly Price Forecast – Euro breaks through the downtrend line
    FX Empire23 hours ago

    EUR/USD Weekly Price Forecast – Euro breaks through the downtrend line

    The Euro broke through a downtrend line during the week, testing the vital 1.18 level above. That’s an area that has been the top of the overall consolidation, so it makes sense that it caused a little bit of resistance. I believe at this point it’s likely that participants are taking a bit of a breather more than anything else.

  • AUD/USD Weekly Price Forecast – Australian dollar rallies for the week
    FX Empire23 hours ago

    AUD/USD Weekly Price Forecast – Australian dollar rallies for the week

    The Australian dollar has exploded to the upside during the trading week, reaching towards the 0.73 handle. We have broken above the top of the previous couple of weeks, and I think it allows this market a little bit of bullish momentum going forward.

  • Gold Price Forecast – Gold markets get hammered on US dollar strength
    FX Empireyesterday

    Gold Price Forecast – Gold markets get hammered on US dollar strength

    Gold markets got hammered during the trading session on Friday, as the $1215 level has offered too much in the way of resistance. Ultimately, this is a market that is reacting to the US dollar in general, which of course got a lift after volatility in the British pound.

  • USD/JPY Price Forecast – US dollar quiet against Japanese yen
    FX Empireyesterday

    USD/JPY Price Forecast – US dollar quiet against Japanese yen

    The US dollar was relatively quiet during the trading session on Friday, after initially rallying. The pair tends to be correlated to the stock markets overall, which had been a bit more positive early in the day.

  • GBP/USD Price Forecast – British pound collapses on Friday as May stands tough
    FX Empireyesterday

    GBP/USD Price Forecast – British pound collapses on Friday as May stands tough

    The British pound fell apart during the trading session on Friday, as Teresa May stated that she was sticking with her plan and wasn’t willing to bend watch when it comes to dealing with the European Union. With that being the case, the market looks very likely to continue to be very volatile.

  • GBP/JPY Price Forecast – British pound collapses on Friday
    FX Empireyesterday

    GBP/JPY Price Forecast – British pound collapses on Friday

    The British pound collapsed on Friday, slicing through the previous downtrend line that had been resistance. By wiping out as much value as we have, it shows just how fickle the markets are going to be to headlines.

  • EUR/USD Price Forecast – Euro fails at major resistance
    FX Empireyesterday

    EUR/USD Price Forecast – Euro fails at major resistance

    The Euro fails at major resistance during the early hours on Friday, as we continue to see the 1.18 level offer major supply.

  • FX Empireyesterday

    AUD/USD Price Forecast – Australian dollar dips to end the week

    The Australian dollar has rallied over the last several days but did see a lot of negativity heading into the US session on Friday. With the dip, we tested the 0.7250 region, before finding a little bit of buying pressure.

  • Investing.comyesterday

    Litecoin Climbs 11.16% In a Green Day

    Investing.com - Litecoin was trading at $60.893 by 15:10 (19:10 GMT) on the Investing.com Index on Friday, up 11.16% on the day. It was the largest one-day percentage gain since August 17.

  • Metal Prices in Rally Mode as Trade Fears Ease; Copper Soars to 12-Week High
    Investing.comyesterday

    Metal Prices in Rally Mode as Trade Fears Ease; Copper Soars to 12-Week High

    Investing.com - Metal prices were in rally mode Friday as copper hit 12-week highs, shrugging off a strong dollar on easing trade war fears, though analysts warned downside momentum could resume.

  • Crypto’s surge adds $25 billion to market value in broad-based Friday rally
    MarketWatchyesterday

    Crypto’s surge adds $25 billion to market value in broad-based Friday rally

    Bitcoin and major digital currencies surge higher on Friday, putting most digital currencies on course for back-to-back winning weeks.

  • Dollar Higher as Sterling Slumps on Brexit Woes
    Investing.comyesterday

    Dollar Higher as Sterling Slumps on Brexit Woes

    Investing.com - The dollar rose against its rivals on Friday, as investors reined in appetite for emerging-market currencies, while the pound racked up losses as the UK and EU reached an "impasse," on a post-Brexit deal.

  • Gold Price Prediction – Prices Reverse Forming a Reversal Day
    FX Empireyesterday

    Gold Price Prediction – Prices Reverse Forming a Reversal Day

    Prices attempted  to break out but seller came in pushing the yellow metal lower.  A weaker than expected EU PMI report for September reversed the upward momentum in the Euro and allowed the dollar to gain traction. Gold prices attempted to test resistance but failed near the 50-day moving average at 1,206.

  • What the market will watch for in Italy’s crucial budget proposal in the coming week
    MarketWatchyesterday

    What the market will watch for in Italy’s crucial budget proposal in the coming week

    Investors consider the health of Italy’s finances a major threat to the euro, so all eyes are on next week’s Italian budget proposal.

  • U.S. Dollar Rallies; Sterling Slumps on Brexit Worries
    Investing.comyesterday

    U.S. Dollar Rallies; Sterling Slumps on Brexit Worries

    The Australian dollar was lower, with AUD/USD down 0.16% to 0.7280. Meanwhile NZD/USD jumped 1.04% to 0.6679 after Moody's reaffirmed the country’s AAA rating.

  • Dollar headed for worst week in a month; sterling hit after Theresa May’s ‘no deal’ comment
    MarketWatchyesterday

    Dollar headed for worst week in a month; sterling hit after Theresa May’s ‘no deal’ comment

    The U.S. dollar strengthens in Friday trading but still looks at its worst weekly performance in a month, while the British pound is pushed sharply lower after Prime Minister Theresa May spoke of the possibility of a “no-deal” Brexit.

  • Gold Prices Fall, Still on Track for First Weekly Climb in 4
    Investing.comyesterday

    Gold Prices Fall, Still on Track for First Weekly Climb in 4

    Investing.com - Gold prices headed lower on Friday as a stronger dollar dented demand for the precious metal, but it was still on track for its first weekly climb in four as investors recentered their attention on the Federal Reserve.

  • Stocks - Wall Street Opens at Record Highs Despite Trade War Warnings
    Investing.comyesterday

    Stocks - Wall Street Opens at Record Highs Despite Trade War Warnings

    In commodities, gold futures inched down 0.75% to $1,202.20 a troy ounce, while crude oil futures jumped 1.21% to $71.17 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rallied 0.37% to 93.82.