Stocks lost early gains following a report that some U.S. officials are worrying China may renege on pledges it made with the U.S. around trade talks.
Since the start of February, the India rupee has gone from levels above 71 against the dollar, to about 69.1 on Wednesday — the strongest since last August. Experts say the turn in fortunes for India's currency has largely been fueled by optimism in the country's upcoming elections, due to take place over April and May. Recent opinion polls showed that the ruling Bharatiya Janata Party and current Prime Minister Narendra Modi are on course to win, but analysts warn that the rupee's rally could be short-lived.
Investing.com - Gold prices rose on Wednesday in Asia as traders await the Federal Reserve's monthly policy statement due later in the day.
March 20 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0137 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest Previous Pct bid day Move Japan yen 111.580 111.37 -0.19 ...
Investing.com - The U.S. dollar edged up on Wednesday in Asia as Sino-U.S. trade optimism faded following reports that U.S. officials are concerned Beijing might refuse to accept U.S. demands in trade talks.
A trading day Tuesday that saw the Indian rupee hit a seven-month high and then retreat offers a warning to investors about emerging markets.
The U.S. dollar is under pressure in Tuesday trading, on pace for another down day to its recent run, ahead of the Federal Reserve’s monetary policy update on Wednesday.
A dovish Fed is likely to trigger the start of a breakout to the upside on a move over $1315.30. Look for a spike to the downside if the Fed is more hawkish than expected and $1296.20 fails as support.
Crude oil bulls underpinned by positive crude oil price and weaker USD ahead of Fed forward guidance update and the pair is likely to trade range bound until the pair gets a clear directional bias.
Sterling recovers while Euro touches two-week high amidst uncertain Brexit. Major Currencies benefitted from the Greenback slump. Oil prices jump underpinned by latest OPEC news.
Bitcoin prices were relatively unchanged in early trade on Tuesday, hovering below $4,000, a level that‘s growing more important by the day, according to some analysts.
Gold markets gapped a bit higher to kick off the day on Tuesday, reaching towards the highs from the last week. That being the case, it looks like we could try to go higher but obviously were to get a lot of volatility as the Federal Reserve comes into play this week.
The US dollar pulled back a bit during the trading session on Tuesday, as we continue to find support underneath. With that being the case, we’ll take a look at what it takes to break out.
The GBP/USD pair continues to try to grind higher during the trading session on Tuesday, but obviously we have a lot of work to do before breaking out. Eventually, it looks as if we will, and once we do we could go much higher.
The British pound went back and forth during early trading on Tuesday as we continue to press against major resistance above. The ¥150 level above is the big resistance barrier that we are trying to break through right now, so obviously we have a lot of work to do.
The Euro continued to grind higher during the trading session on Tuesday, as were reaching towards the 1.1350 level. This is essentially the middle of the overall consolidation area, so at this point expect a lot of volatility.
The Australian dollar continues to go sideways just below the 50 day EMA, and the psychologically important 0.71 handle. With this, it’s possible we may get a buying opportunity on a dip, but it certainly looks as if the Aussie dollar is resilient.
Bitcoin's share of the cryptocurrency market is on the verge of falling below 50 percent for the first time in over 7 months.
With only 10 days to go until the U.K. is set to leave the European Union, a delay of the deadline seems unavoidable — indeed necessary — to avoid a hard, no-deal Brexit. But the risk of a long delay is rising as Britain and its politicians are sliding into uncharted territory.
Investing.com – The U.S dollar drifted lower as the Federal Reserve kicked off its two-day meeting Tuesday, with many expecting the central bank to deliver a dovish outlook on monetary policy when the meeting ends on Wednesday.
Based on the early price action and the current price at 1.1347, the direction of the EUR/USD on Tuesday is likely to be determined by trader reaction to the downtrending Gann angle at 1.1355.
European stocks get a lift as merger talk boosts autos and some banks gain ahead of the outcome of the Fed meeting.
As USD Remains weak in global market ahead of FOMC update, precious metals trade positive supported by influx of fund from emerging markets.