Investing.com - Bitcoin prices pushed higher on Thursday, attempting to break out of what has been a relatively subdued period for the world’s largest digital currency.
The cryptocurrency market credibility took a hit late Wednesday when Japanese exchange Zaif said it had been hacked, resulting in the loss of nearly 6,000 bitcoin.
Investing.com - Gold prices headed lower on Thursday despite a weaker dollar amid ebbing trade concerns as investors awaited economic data later in the session and looked ahead to the Federal Reserve’s policy session next week.
NEW DELHI (Reuters) - India has set the dollar exchange rate at 73.65 rupees for import tax calculations effective Sept. 21, compared with 72.55 rupees a fortnight ago, according to a finance ministry ...
The U.S. dollar softens on Thursday, partly due to a buoyant British pound and New Zealand dollar, which were both trading higher on the back of better-than-expected economic data.
Investing.com - The dollar edged lower against its major rivals on Thursday, hovering around its lowest level in eight weeks as investors set aside trade concerns for now.
India will settle payments for Iranian oil using rupees through local banks starting in November as U.S. sanctions will make it difficult to settle trades through European banks, two industry sources said on Thursday. In May, U.S. President Donald Trump withdrew from a 2015 nuclear accord with Iran and ordered the renewal of U.S. sanctions. Some sanctions took effect from Aug. 6 while those affecting the oil and banking sectors will start from Nov. 4.
Today, we will focus on the two pairs with the JPY an Oil. Let’s start with the EURJPY, where yesterday’s daily candle is a shooting star. It would be meaningless if not the fact that this candle is being present on an important horizontal resistance.
Investing.com - Asian stocks reversed early gains and turned negative in afternoon trade on Thursday.
The gold prices rallied again during the Wednesday’s session but it found $1210 level as too resistive to continue to go higher. The gold market is likely to continue to consolidate in the tight range of $1198 and $1210 until there is any significant improvement in the global macro situation. The silver prices continued to grind higher as it reached towards the $14.30 level in the yesterday’s session, which is also a beginning of significant resistance.
The Euro initially rallied during the day on Wednesday but is facing stiff resistance at the neckline of an inverse head and shoulders pattern that is formed on the daily chart. The market is expected to continue noisy and given the trade wars, USD will experience pressure and “buy on dips” will be the right strategy to continue in this market.
Investing.com - Gold prices traded higher on Thursday, after rising in the previous session, as the dollar weakened amid easing trade concerns between the U.S. and China.
In the Asian markets, it seems that the recovery rally has exhausted. After two days of growth, Asian markets mixed, returning to the levels of the end of last week. Global stocks mostly higher.
One wonders how the Eurozone will achieve higher core inflation if monetary policy slowly tightens and the economic activity slows. Should the Euro appreciate and get back above, say, the 1.20 mark against the greenback, it will be even harder for inflation to accelerate.
The Indian rupee weakened to record lows this year, but it is boosting export competitiveness for the country, said Kalpana Morparia, CEO of J.P. Morgan's South and South East Asia business. Corporate profits have also jumped this year and is set to continue increasing next year, he said at the India Investor Summit.
Investing.com - The U.S. dollar traded near a seven-week low on Thursday while the kiwi jumped after data showed the country’s second quarter economic growth topped estimates.
Investing.com - Cryptocurrency prices were mixed on Thursday as the Australian Securities & Investments Commission (ASIC) said in a statement that it is stepping up scrutiny on “misleading” initial coin offerings (ICOs).
Based on the early price action, the direction of the AUD/USD on Thursday is likely to be determined by trader reaction to the Fibonacci level at .7257.
The 100-day MA proved a tough nut to crack on the negative Brexit news and investors now await UK retail sales update for fresh impetus to move forward.
A combination of increased risk appetite and a pullback in the treasury yields could yield much-needed break above 1.17.
Gold markets rallied again initially during the day on Wednesday but found the $1210 level to be a bit too resistive to continue going higher. Because of this, we pulled back significantly but now are starting to show signs of resiliency again.
The US dollar rallied initially during trading on Wednesday but struggles near the trendline from the daily time frame that forms part of a major symmetrical triangle. It is because of this that the ¥112.50 level has suddenly become important.
The British pound continues to be very noisy as a rumor was released the Teresa May was not happy with the latest compromise involving the Irish border with the EU ministers. Of course, this was released on Twitter, so it could be simple currency manipulation for all we know.