Theresa May is meeting with top EU leaders today to try to tweak the Brexit deal and make it more palatable for members of parliament. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Alanna Petroff examine the details.
This week’s shock departure of India’s central bank chief and defeat for Prime Minister Narendra Modi’s ruling party in key state elections have dealt a double blow to the currency, taking its year-to-date loss to 11 percent. Mizuho Bank Ltd. is expecting more pain. The rupee may drop to about 73 per dollar as Urjit Patel’s resignation leads foreign investors to fret over the Reserve Bank of India’s independence and policy continuity, according to Masakatsu Fukaya, an emerging-market currency trader at the lender in Tokyo.
Bitcoin is trading lower on Tuesday, extending Monday’s losses and taking the No. 1 digital currency towards a fresh multimonth low.
Gemini has launched a mobile app with full functionality, allowing customers to buy, sell and transfer funds, among other features.
After a day dominated by Brexit headlines, currency markets are driven by news on the trade front on Tuesday, helping risk appetite across the board.
Investing.com - The dollar rose against its rivals Tuesday on higher-than-expected U.S. wholesale inflation and a slump in the pound amid growing uncertainty over UK Prime Minster Theresa May's future.
Gold prices eased on Tuesday following the Labor Departments report on wholesale prices. Gold prices broke out above resistance on Friday following a softer than expected employment report but has since ease and forming a bull flag continuation pattern.Technical Analysis
The ever-evolving drama surrounding Brexit has market participants scrambling to get their expectations in order. But as renewed speculation swirls around potential leadership challenges in the wake of Prime Minister Theresa May’s decision to delay a parliamentary vote on her exit plan, there is little consensus.
Reports show that British Prime Minister Theresa May could be toppled within hours as enough politicians in her ruling Conservative party have requested her removal to trigger a leadership challenge.
Investing.com - The U.S. dollar inched higher on Tuesday, as a leading indicator of inflation rose, increasing pressure on the Federal Reserve to raise rates.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.13% to 97.31 as of 10:29 AM ET (15:29 GMT).The core producer price index increased more than expected in November. The Federal Reserve keeps its eye on this data because, when producers pay more for goods, they are more likely to pass price increases on to the consumer. ...