Bitcoin prices moved higher on Tuesday, extending the hot streak, which has seen the best-known cryptocurrency log four successive winning sessions reaching its highest level in nearly six weeks.
President Donald Trump asked then-acting Attorney General Matthew Whitaker whether the U.S. attorney for the Southern District of New York, Geoffrey Berman, could be put in charge of the investigation into Trump's role in silencing women with hush payments, the New York Times reported, citing "several American officials with direct knowledge of the call." Berman had recused himself from that investigation. The investigation has been led by Robert Khuzami. According to the report, Trump "soon soured" on Whitaker -- it said there's no evidence Whitaker took any steps to intervene -- and complained about Whitaker's inability to make the president's legal problems go away. The report more broadly discusses Trump's "two-year war" on the investigations encircling him.
USDCAD pair is trading range bound as both sides lack macro data updates and high impact headlines to influence a breakout rally.
Gold markets broke higher during the trading session on Tuesday, slicing through the $1325 level rather easily. That being the case, it looks as if we are going to trying to go towards the top of the overall consolidation that I have marked by an ellipse on the chart.
The US dollar continues to go back and forth against the Japanese yen, as you can see based upon the daily chart. At this point, it’s likely that we will see a lot of confusion as we are at a major crossroads.
The British pound initially pulled back a bit during the trading session on Tuesday, but then shot higher again as we continue to press major resistance at the highs of the last week.
The British pound initially pulled back during trading on Tuesday, but then turned around to reach towards the top of recent consolidation again. By doing so, we continue to strengthen the case for an important technical pattern.
The Euro initially pulled back a bit during the trading session on Tuesday but has continued to show support at this very crucial area. It looks as if we are going to continue the longer-term consolidation.
The Australian dollar pulled back a bit during the trading session on Tuesday, as we continue to see a lot of noise in this pair. However, there is a lot of support underneath and that should continue to push this market to the upside. Overall, this is a market that seems to be in the middle of changing trend, which is a large and tall order to ask.
On February 21, Newmont (NEM US) – an international gold-mining company will publish a financial report for the 4th quarter of 2018.
London markets faltered on Tuesday, as investors responded to results from heavyweights HSBC Holdings PLC and miner BHP.
Watch the price action and read the order flow on a test of $1337.70 to $1337.80 the rest of the session. Trader reaction to this zone will set the tone for the rest of the session.
The uncertainty bands around the dot plot deserve more attention, because they illustrate that interest rate policy is not preset and that the economy can evolve in unexpected ways, Cleveland Fed President Loretta Mester said Tuesday at a speech at the University of Delaware. She repeated the view that, at coming meetings, the Federal Open Market Committee will be finalizing plans for ending the balance-sheet runoff and completing balance-sheet normalization.
Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the pivot at 1.1288.
Investing.com - The U.S. dollar dropped for a third-consecutive session on Tuesday, as further dovish comments from a Federal Reserve member put downward pressure on the greenback.
It’s hard to keep up with the day to day changes in the fundamentals especially with the plethora of economic reports. However, if we stick with the central theme that the central banks are dovish, it will be easier to understand why gold is rallying.
Investing.com - Gold prices moved higher on Tuesday as another member of the Federal Reserve weighed in on slowing down the central bank's tightening of monetary policy.
Lack of news and macro data updates has led to range bound action in GBPUSD pair and this is expected to continue ahead of UK macro data update release.
Based on the current price at .7120 and the intraday downside momentum, the AUD/USD appears to be headed towards a long-term uptrending Gann angle at .7092. We could see a technical bounce on the first test of this angle. If it fails then look for the selling to possibly extend into the major 50% level at .7079.
Time is rapidly running out for the British Government to garner a deal. As the UK political parties divide, it’s looking gloomy for the Pound.
Investing.com - U.S. stock futures pointed to a slightly lower open on Tuesday, as traders await fresh developments from the latest round of U.S.- China trade talks due to resume later in the day.