Investing.com - The dollar dipped against a currency basket on Monday, adding to Friday’s losses amid uncertainty over the pace of future U.S. interest rate hikes, while the pound was holding above the 1.28 level as Brexit worries rumbled on.
Investing.com - Litecoin was trading at $38.904 by 03:08 (08:08 GMT) on the Investing.com Index on Monday, down 10.64% on the day. It was the largest one-day percentage loss since November 14.
Investing.com - Gold prices slipped on Monday, while the dollar was subdued against its rivals after Federal Reserve officials cautioned on the global economy.
Investing.com - Bitcoin and other major crypto prices fell on Monday despite news that Switzerland’s authorities approved the world’s first cryptocurrency ETF.
The new week opens on thin trading, but risk appetite for sterling investors seems to be heading towards the downside.
A quiet day on the data front could see the Pound and the EUR under pressure, with Brexit and the Italian coalition government in action.
The Dollar/Yen weakened last week because traders perceived the events as a bit dovish. The CPI report, for example, suggested inflation is not overheating and may even be close to slowing down because of the plunge in crude oil and gasoline prices. The Fed comments also suggest a softer tone may be developing at the central bank. These factors could combine to convince the Fed to slow down the pace of rate hikes in 2019.
Investing.com - This week precious metals traders will be watching developments around global trade tensions and geopolitical risks, as well as moves in the U.S. dollar, after gold prices ended higher on Friday, notching up a weekly gain of more than 1%.
Gold futures may have formed a major bottom last week with the rally being fueled by a weaker U.S. Dollar. The technically bearish chart pattern formed by the dollar on the weekly chart suggests a major top may have been reached and this could trigger a strong surge in gold prices. It’s not the weaker U.S. Dollar per se that is supporting gold, but the catalysts behind the greenback’s weakness.
Geo-politics will remain center stage with Britain and Italy heading to their final showdowns, while trade talk chatter will also influence.
Was the latest breakdown to new cycle lows in the EURUSD pair just a false one, or are we going to see a continuation of a longer-term bearish trend?
The combination of the tame inflation report, comments from Fed Chair Powell on cooling global demand and the dovish comments from Fed Vice Chair Clarida stating the Fed is getting closer to neutral, are all signs the Fed may slow its pace of rate hikes and this should be bearish for the U.S. Dollar.
Based on last week’s close at $1223.00, the direction of the December Comex Gold market next this week is likely to be determined by trader reaction to the first intermediate 50% level at $1222.70.
Based on last week’s close at .7332, the direction of the AUD/USD this week is likely to be determined by trader reaction to the Fibonacci level at .7307. The main trend is up according to the weekly swing chart. The trend turned up last week on a move through .7314. The next main top target is .7484. The trend will change to down on a trade through .7020.
Investing.com - Theresa May could be fighting for her political survival, but the Brexit crisis she's in has thrown gold bulls a lifeline.
Bitcoin prices are trading marginally higher on Friday, but set to book its second consecutive losing week after the recent rout.
It’s hard to imagine a more chaotic run-up to Britain’s exit from the European Union. Here’s why investors can’t ignore it.
The U.S. dollar sells off versus its major rivals on Friday, after Federal Reserve Vice Chairman Richard Clarida offers some dovish comments. The ailing buck gives more room to rebound to the British pound, which recovers from its worst one-day performance in more than two years on Thursday.
In could be a tense weekend for currency traders and others keeping a close eye on the political turmoil surrounding the British government’s efforts to negotiate its exit from the European Union.
Gold prices surged higher on Friday as the dollar eased against most major currencies. Friday softer than expected industrial production, appears to be the catalyst that drove yields lower. Gold prices surged higher on Friday rising up to resistance near the 20-day moving average at 1,222.
Investing.com - Gold prices surged on Friday as American officials dashed hopes for an imminent solution to trade tensions between China and the U.S. and the dollar suffered from dovish comments from the Federal Reserve and a bearish call from Morgan Stanley (NYSE:MS).