• MarketWatch27 minutes ago

    U.S. stocks edge off highs amid doubts on China trade progress

    U.S. stocks retreated from the highest levels of Friday as headlines from wire services of President Donald Trump's Oval Office comments suggest doubt on progress on U.S.-China trade talks. In a letter written by Xi Jinping and read out by Trump, the Chinese leader said he hopes the two sides "redouble efforts to meet half way." Trump meanwhile said perhaps he and Xi will work out the final points or perhaps not. U.S. Trade Representative Robert Lighthizer said a few "very big" hurdles remain. The Chinese delegation will stay two additional days, Treasury Secretary Steven Mnuchin said.

  • Bitcoin on track for its best week in two months
    MarketWatch2 hours ago

    Bitcoin on track for its best week in two months

    Bitcoin prices rose on Friday, clawing back losses from the previous session putting the cryptocurrency on track for its best week in two months.

  • U.S. dollar slips into negative territory as market awaits progress on tariff tiff
    MarketWatch4 hours ago

    U.S. dollar slips into negative territory as market awaits progress on tariff tiff

    The U.S. dollar slips into negative territory on Friday as investors await new developments on the U.S.-China trade front.

  • EUR/USD Mid-Session Technical Analysis for February 22, 2019
    FX Empire5 hours ago

    EUR/USD Mid-Session Technical Analysis for February 22, 2019

    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 uptrending Gann angle at 1.1334.

  • US Dollar’s Strength Limits Precious Metals Price Action
    FX Empire6 hours ago

    US Dollar’s Strength Limits Precious Metals Price Action

    Crude oil hits new 2019 highs on Sino-U.S. trade deal optimism while strong dollar limits precious metals gains,

  • Price of Gold Fundamental Daily Forecast – Not Likely to Move Much Unless Fed Speakers Surprise
    FX Empire7 hours ago

    Price of Gold Fundamental Daily Forecast – Not Likely to Move Much Unless Fed Speakers Surprise

    On Thursday, St. Louis Fed President James Bullard told CNBC he thinks interest rate hikes and the reduction of bond holdings is near an end. He also said he expects a timetable to be finalized in “the next couple of months.” He also added that interest rates now are “a little too high.”

  • London indexes rise as heavyweight miners and trade talk hopes drive markets up
    MarketWatch7 hours ago

    London indexes rise as heavyweight miners and trade talk hopes drive markets up

    London indexes were up on Friday, as heavyweight FTSE 100 miners and investors optimism over trade negotiations between the U.S. and China drove markets upward.

  • Reuters10 hours ago

    Euro zone core inflation edges higher in January

    Euro zone headline consumer inflation slowed slightly in January because of a sharp deceleration of energy price growth, but core inflation watched closely by the European Central Bank in policy decisions edged slightly higher, data showed on Friday. The European Union's statistics office Eurostat said consumer prices in the 19 countries sharing the euro fell 1.0 percent month-on-month in January for a 1.4 percent year-on-year rise, in line with previous estimates and market expectations. Without the volatile components of energy and unprocessed food, or what the ECB calls core inflation, prices fell 1.2 percent month-on-month for a 1.2 percent year-on-year increase, accelerating from 1.1 percent in annual terms in December.

  • Investing.com10 hours ago

    Gold Rises as Traders Eye Trade Deal Progress, Fed Speeches

    Gold prices rose on Friday and were on track for a weekly gain of 0.3% as traders kept an eye on trade talk developments between the U.S. and China. Comex gold futures for April delivery jumped 0.3% to $1,331.55 an ounce as of 10:10 AM ET (15:10 GMT) after falling 1.5% on Thursday. U.S. President Donald Trump is expected to meet with Chinese Vice Premier Liu He at 2:30 PM ET (19:30 GMT) as the two countries rush to find a deal before the March 1 deadline when the U.S. would increase tariffs on Chinese goods to 25% from its current 10%.

  • Finally a Correction on Gold
    FX Empire10 hours ago

    Finally a Correction on Gold

    What goes up, has to eventually go down. That truth can be currently seen on Gold, where we do have a strong bearish correction. The downswing did not start in a random place. Sellers attack precisely on the upper line of the channel up formation. Current drop is aiming the lower line of this pattern along with the horizontal level around 1315 USD/oz. Price getting there is almost certain as the current bounce is really small and it seems that sellers currently have all what it takes to fully control the situation.

  • Commodities Daily Forecast – February 22, 2019
    FX Empire12 hours ago

    Commodities Daily Forecast – February 22, 2019

    The gold prices fell lower during Thursday’s session, reaching down the $1325 level as the market has been in a bit overbought condition. The silver prices have pulled back during the yesterday’s session, breaking below the $16 level to reach down towards the $15.80 level. The crude oil prices traded back and forth during yesterday’s session, as it is witnessing a bit of resistance above.

  • Forex Daily Outlook – February 22, 2019
    FX Empire12 hours ago

    Forex Daily Outlook – February 22, 2019

    The pair witnessed a bit of selling from the 1.1350 level in Thursday’s session, as it reached down towards the 1.1320 level. The area above is expected to remain noisy and volatile as the resistance extends up to the 1.14 level. Short term pullbacks in the market will continue to attract a lot of attention and also the Federal Reserve’s soft attitude towards rate hike will support the pair going higher. …Read MoreGBP/USD

  • USD/JPY Fundamental Daily Forecast – FOMC Members Will Set the Tone on Friday
    FX Empire12 hours ago

    USD/JPY Fundamental Daily Forecast – FOMC Members Will Set the Tone on Friday

    The focus will be on Federal Open Market Committee member remarks. Traders don’t expect members, Williams, Clarida, Bullard and Quarles to waiver too much from the Fed’s decision to remain “patient” when making interest rate decisions. Furthermore, we could also find out more information on what the Fed plans to do with its balance sheet.

  • GBPUSD Price Forecast – Rangebound Action to Continue Owing to Lack of Directional Bias
    FX Empire13 hours ago

    GBPUSD Price Forecast – Rangebound Action to Continue Owing to Lack of Directional Bias

    GBPUSD to trade range bound owing to lack of directional bias but headlines points to a possibility of the bearish breakout in near future.

  • AUD/USD Forex Technical Analysis – February 22, 2019 Forecast
    FX Empire14 hours ago

    AUD/USD Forex Technical Analysis – February 22, 2019 Forecast

    Based on yesterday’s low and today’s early price action, the direction of the AUD/USD on Friday is likely to be determined by trader reaction to the main 50% level at .7079.

  • Investing.com14 hours ago

    Stocks - U.S. Futures Higher as Trump Prepares to Meet Top China Trade Rep

    U.S. futures pointed to a higher opening bell on Friday, as the U.S. and China continue to work towards a trade deal before tariffs on Chinese goods are increased on March 1. While the world's two largest economies have made progress, there still remain many gaps between the two sides, The Wall Street Journal reported. “It’s one thing to write something on a piece of paper,” Secretary of State Mike Pompeo said on Fox Business Network on Thursday.

  • EUR/USD Price Forecast – Range Bound Action in Favor of USD To Continue Across The Day
    FX Empire14 hours ago

    EUR/USD Price Forecast – Range Bound Action in Favor of USD To Continue Across The Day

    The pair is to continue range bound action for a majority of the day but likely to see a change in momentum post-speech by central bank members later in the day.

  • NZD/USD Forex Technical Analysis – February 22, 2019 Forecast
    FX Empire14 hours ago

    NZD/USD Forex Technical Analysis – February 22, 2019 Forecast

    Based on the early price action, the direction of the NZD/USD on Friday is likely to be determined by trader reaction to a pair of Gann angles at .6814 and .6799.

  • Brexit, Trade Talk and Economic Data out of the Eurozone in Focus Today
    FX Empire15 hours ago

    Brexit, Trade Talk and Economic Data out of the Eurozone in Focus Today

    A choppy start to the day sees the Aussie Dollar on a rollercoaster. The focus will be on economic data out of the Eurozone, trade talks and Brexit.

  • USD/JPY Forex Technical Analysis – February 22, 2019 Forecast
    FX Empire16 hours ago

    USD/JPY Forex Technical Analysis – February 22, 2019 Forecast

    Based on the early price action, the direction of the USD/JPY on Friday is likely to be determined by trader reaction to the short-term pivot at 110.693.

  • Investing.com17 hours ago

    Dollar Edges Down as Markets Brace for More Weak German Data

    The dollar was steady and on track for its first weekly loss in a month in early trading in Europe Friday, although it had recovered most of the ground it lost Thursday in reaction to some weak numbers from the U.S. manufacturing sector.

  • Investing.com19 hours ago

    Gold Prices Little Changed as Traders Weigh Weak U.S. Data, Trade News

    Investing.com - Gold prices were little changed on Friday in Asia as traders weighed the latest positive trade news and a set of weak U.S. data.