• Renewed Trade Talks, Easing of Contagion Fears Soften Dollar’s Bullish Performance
    FX Empire13 hours ago

    Renewed Trade Talks, Easing of Contagion Fears Soften Dollar’s Bullish Performance

    Primarily driving the price action early in the week was risk aversion with fears of Turkish contagion weighing on risky assets. Heading into the week-end, investors also appeared more optimistic that next week’s lower-level trade talks between China and the United States offer some hope that the two countries will find a way to head off a full-blown trade war. Australia’s jobs report missed expectations in July. The Dollar/Yen struggled all week to reverse its two-week decline, with lower Treasury yields and aversion to risk continuing to drive investors into the Japanese Yen.

  • The Week Ahead – Trump, Trade, Powell and Policy in Focus
    FX Empire14 hours ago

    The Week Ahead – Trump, Trade, Powell and Policy in Focus

    It’s a big week ahead for the markets and things could unravel should U.S China trade talks disappoint and FED Chair Powell raise concerns…

  • Gold Weekly Price Forecast – Gold markets break down
    FX Empire17 hours ago

    Gold Weekly Price Forecast – Gold markets break down

    Gold markets broke down below a major support level during the week, slicing through the $1200 level like it wasn’t even there. This was mainly due to the US dollar strengthening as people began to find themselves concerned about the Turkish lira. Because of this, the natural proclivity of gold to be inverse of the US dollar came into play.

  • USD/JPY Weekly Price Forecast – US dollar mixed against Japanese yen
    FX Empire17 hours ago

    USD/JPY Weekly Price Forecast – US dollar mixed against Japanese yen

    The US dollar has been pretty mixed during the week against the Japanese yen, which makes perfect sense considering the dynamics at play in this currency pair. On one hand, you have a risk sensitivity in this pair, but at the other hand you have the US dollar being a bit too overbought.

  • GBP/USD Weekly Price Forecast – British pound tries to stabilize
    FX Empire17 hours ago

    GBP/USD Weekly Price Forecast – British pound tries to stabilize

    The British pound has been rather volatile during the week, but when looked upon on the weekly chart, you could say that this week has been a bit of a victory. I direct your eyes to the month of May in 2017, when we formed several hammers at this level. The fact that we formed an indecisive candle for the week is a ray of hope in what is an otherwise bleak market.

  • EUR/USD Weekly Price Forecast – Euro hanging on for dear life
    FX Empire17 hours ago

    EUR/USD Weekly Price Forecast – Euro hanging on for dear life

    The Euro fell during most of the week but bounced enough towards the end of it to turn around and show signs of life. The hammer is right at the very bottom of the overall support range, and I think that perhaps people are starting to look beyond the whole Turkish situation.

  • AUD/USD Weekly Price Forecast – Aussie finds support
    FX Empire17 hours ago

    AUD/USD Weekly Price Forecast – Aussie finds support

    The Australian dollar has been the proverbial “whipping boy” for all things Sino-American related. This is because the Australian economy is highly levered to the Chinese economy, so it makes sense that perhaps it would have a major influence on the currency.

  • USD/JPY Price Forecast – US dollar falls against yen to close out the week
    FX Empire18 hours ago

    USD/JPY Price Forecast – US dollar falls against yen to close out the week

    US dollar strength has been seen all across the Forex world, with perhaps the lone exception being the Japanese yen. You can see that we fell during the day on Friday as well, reaching towards the ¥110.00 level, an area that I think is rather supportive.

  • GBP/USD Price Forecast – British pound grinds higher on Friday
    FX Empire18 hours ago

    GBP/USD Price Forecast – British pound grinds higher on Friday

    The British pound rose slightly during the day on Friday, reaching towards 1.2750 level and quiet trading. This is an area that of course is important, as it is not only psychologically important, but it has been structural support in the past, making it structural resistance now.

  • GBP/JPY Price Forecast – British pound finding support
    FX Empire18 hours ago

    GBP/JPY Price Forecast – British pound finding support

    The British pound continues to find support at the ¥140 level, as the selling has abated a bit. Obviously though, we have concerns about the Brexit, and of course the global headlines continue to cause issues. With that in mind, be very cautious but it does start to look like there may be a glimmer of hope.

  • AUD/USD Price Forecast – Aussie closes out the week on solid footing
    FX Empire18 hours ago

    AUD/USD Price Forecast – Aussie closes out the week on solid footing

    The Australian dollar rallied a bit during the trading session on Friday, to close out the week on solid footing. As we approached the 0.73 level, we are starting to form a rather important weekly candle.

  • Investing.com20 hours ago

    Litecoin Climbs 10.27% In a Green Day

    Investing.com - Litecoin was trading at $61.420 by 18:34 (22:34 GMT) on the Investing.com Index on Friday, up 10.27% on the day. It was the largest one-day percentage gain since August 17.

  • Metals Prices Struggle as Gold Set for Massive Weekly Slump
    Investing.comyesterday

    Metals Prices Struggle as Gold Set for Massive Weekly Slump

    Investing.com - Gold prices Friday were set to post their biggest weekly slump since April last year as fears over a slowdown in China and a stronger dollar wreaked havoc in metals earlier this week.

  • Crypto extends turnaround, adds more than $10 billion to market value
    MarketWatchyesterday

    Crypto extends turnaround, adds more than $10 billion to market value

    Digital currencies on Friday were on pace to log three consecutive sessions in the green, with all major coins trading in positive territory. Bitcoin (BTCUSD) the most prominent digital currency, has popped back above $6,500, last trading at $6,519.09, up 4.1% since Thursday at 5 p.m. Eastern Time on the Kraken crypto exchange. It has been a fruitful 72-hours for digital currency owners that suffered a setback earlier in the week after a vicious selloff wiped $20 billion off the value of all cryptocurrencies in the space of 24-hours.

  • Dollar in Doldrums as Euro Eyes Weekly Gain
    Investing.comyesterday

    Dollar in Doldrums as Euro Eyes Weekly Gain

    Investing.com - The dollar fell against its rivals Friday, pressured by weak U.S. economic data and a bounce in the euro and yen.

  • Moody'syesterday

    Zapopan, Municipality of -- Moody's revises the outlook for Zapopan to negative and affirms the municipality's issuer and debt ratings

    Moody's de Mexico (Moody's) changed today the outlook for the Municipality of Zapopan to negative from stable and affirmed its issuer ratings at Baa3/Aa3.mx (Global Scale, local currency/Mexico National Scale). At the same time, Moody's affirmed the A3/Aaa.mx (Global Scale, local currency/Mexico National Scale) debt ratings of the municipality's MXN 1,237 million enhanced loan from Banorte.

  • Gold Price Prediction – Gold Rebounds Following Trade Rumors
    FX Empireyesterday

    Gold Price Prediction – Gold Rebounds Following Trade Rumors

    Gold prices rebounded and the dollar lost traction as riskier assets gain ground following news that Chinese and U.S. negotiators are working on a scheme to hold talks to end the trade dispute. The dollar has been the strongest currency around the globe and the an end to the recent Sino-US trade dispute would allow other currencies including gold to gain a foothold. Gold prices rebound following a spike down doji Day on Thursday which is a sign of a reversal pattern.

  • Stocks - Wall Street Opens Down as Chip Stocks Struggle
    Investing.comyesterday

    Stocks - Wall Street Opens Down as Chip Stocks Struggle

    Investing.com - Stocks started the day lower on Wall Street Friday, as global market selling on a further tumble in the Turkish lira hit the broader market and weakness in semiconductor earnings hit technology shares.

  • Stock-market investors should brace for a weaker dollar, says Goldman Sachs
    MarketWatchyesterday

    Stock-market investors should brace for a weaker dollar, says Goldman Sachs

    The U.S. dollar is set to weaken by 7% over the next 12 months, and investors should factor this into their equity positionings, according to research by Goldman Sachs.

  • Dollar slides, headed for first weekly loss in a month
    MarketWatchyesterday

    Dollar slides, headed for first weekly loss in a month

    The U.S. dollar looks listless on Friday, sliding against a handful of its major rivals but rallying against some emerging markets as investors assess the state of risk sentiment amid worries over further sanctions on Turkey.

  • EUR/USD Mid-Session Technical Analysis for August 17, 2018
    FX Empireyesterday

    EUR/USD Mid-Session Technical Analysis for August 17, 2018

    Based on the early price action, the direction of the EUR/USD on Friday is likely to be determined by trader reaction to the uptrending Gann angle at 1.1381.

  • Commodities Daily Forecast – August 17, 2018
    FX Empireyesterday

    Commodities Daily Forecast – August 17, 2018

    The gold prices initially rallied during the Thursday’s session but witnessed some amount of selling pressure on the top. The silver prices rallied during the yesterday’s session breaking above the $14.50 level after the news that Chinese delegation will visit the US to discuss the trade policy which eased some amount of tensions from the market. The crude oil prices moved very little during the yesterday’s session hovering just above the $65 level which is offering a bit of support to the market.

  • Forex Daily Outlook – August 17, 2018
    FX Empireyesterday

    Forex Daily Outlook – August 17, 2018

    The Euro rallied slightly higher during the Thursday’s session reaching towards the 1.14 level but due to the presence of strong resistance above, the market rolled over a bit. The British Pound initially tried to rally above the 1.12750 level in the yesterday’s session but failed in its attempt and rolled over. The AUD rallied during the yesterday’s session but later in the day sellers are seen getting involved pushing the price lower.

  • Technical Outlook For Gold, Silver & WTI Crude Oil: 17.08.2018
    FX Empireyesterday

    Technical Outlook For Gold, Silver & WTI Crude Oil: 17.08.2018

    Having breached 200-week SMA & $1206-04 horizontal-support, Gold dropped to the lowest levels in nineteen months and still has some room on the downside before visiting important support-region of $1130-27. However, the $1160-58 may offer an intermediate halt to the Bullion prior to dragging it to the $1130-27 area. In case the yellow metal refrains to respect the $1127 mark, the $1100 and $1088 could appear in the Bears radar to target. Given the prices witness short-covering pullback, the $1188 might become immediate cap ahead of highlighting the $1204-06 support-turned-resistance. ...

  • USD/CAD Daily Price Forecast – Both Sides of the Pair Wage War to Gain Control Ahead of Canadian CPI
    FX Empireyesterday

    USD/CAD Daily Price Forecast – Both Sides of the Pair Wage War to Gain Control Ahead of Canadian CPI

    Disappointing US Macro data & positive Canadian manufacturing sales data provided CAD with strong support ahead of Canadian CPI scheduled to release today as both sides of pair try to gain upper hand on last trading session for the week.