• Market Exclusive11 minutes ago

    Bitcoin News Crypto Currency Daily Roundup October 15

    The rundown: Bitcoin and all major currencies were up in the morning; Epoch Partners announces the world’s first cryptocurrency IPO; the automotive blockchain market will reach $5.29 billion by 2030 says a new report; Unocoin officially announces plans for crypto ATMs in India; Hong Kong is planning to regulate cryptocurrency trading platforms; Barclays (NYSE:BCS) has […] The post Bitcoin News Crypto Currency Daily Roundup October 15 appeared first on Market Exclusive.

  • Bitcoin jumps after credit scare
    MarketWatch1 hour ago

    Bitcoin jumps after credit scare

    Bitcoin prices are trading sharply higher Monday after a credit scare on a major cryptocurrency exchange created a rush for the No. 1 digital currency.

  • Dollar slips as yen and franc havens gain
    MarketWatch2 hours ago

    Dollar slips as yen and franc havens gain

    Geopolitical noise is the focus of foreign exchange investors on Monday, as safe havens like Japan’s yen and Switzerland’s franc gain.

  • Price of Gold Fundamental Weekly Forecast – Counter-Trend Rally Driving Shorts to Sidelines
    FX Empire6 hours ago

    Price of Gold Fundamental Weekly Forecast – Counter-Trend Rally Driving Shorts to Sidelines

    After trading inside a $1221.40 to $1167.10 range since the week-ending August 17, the market appears to be ready to launch an even higher move if it can maintain support over $1221.40. The weekly chart indicates there is room to rally to $1277.60 before buyers encounter any serious resistance.

  • Reuters7 hours ago

    EM ASIA FX-Rupee slides, Rupiah optimistic after trade surplus

    (Repeats with no changes to text) * EM Asia weighed by strong dollar sentiment * Rupee slides on strong oil prices * Rupiah checks losses on Sept trade surplus By Sumeet Gaikwad Oct 15 (Reuters) - Most ...

  • The Big Short – Is It Coming Now?
    FX Empire8 hours ago

    The Big Short – Is It Coming Now?

    Analysts looking for key drivers over the near-term that will ultimately decide the fate of a number of currencies, economies and ultimately whether a new crisis dawns.

  • Risk Aversion Hits ahead of Italy’s Showdown in Brussels
    FX Empire9 hours ago

    Risk Aversion Hits ahead of Italy’s Showdown in Brussels

    Brexit jitters hit the Pound, with Italy’s budget delivery to the EU later today weighing on the EUR, as risk aversion returns to the markets.

  • Italy's Di Maio rules out euro exit, denounces scaremongering
    Reuters19 hours ago

    Italy's Di Maio rules out euro exit, denounces scaremongering

    Italian Deputy Prime Minister Luigi Di Maio on Sunday ruled out that the government could take the country out of the euro zone, saying such talk was no more than scaremongering by its political opponents. "No-one need fear an exit from the euro or from the European Union, there is no danger and no intention because that isn't what the Italians asked of us at the election," Di Maio said in an interview on private television station Canale 5. Di Maio, who leads the anti-establishment 5-Star Movement which governs with the right-wing League, told the station that the opposition Democratic Party said the government wanted to leave the euro "because they want to scare people".

  • The Week Ahead – Brexit and Budgets and the U.S and China in the Spotlight
    FX Empireyesterday

    The Week Ahead – Brexit and Budgets and the U.S and China in the Spotlight

    It may well be make or break for the Pound and the British PM and the for the EUR as Italy faces up to the Establishment on Monday.

  • Global Stocks Bounce back, Gold Shines through Chaos
    FX Empireyesterday

    Global Stocks Bounce back, Gold Shines through Chaos

    Most Asian shares recovered during early trade despite Wall Street suffering heavy losses overnight. In Europe, stocks continue to march higher on positive global cues which could support Wall Street later in the afternoon.

  • Gold Weekly Price Forecast – Gold markets show strength for the week
    FX Empire2 days ago

    Gold Weekly Price Forecast – Gold markets show strength for the week

    The massive support level near the $1185 level has been supportive for some time, and finally this last week we witnessed buying coming into push this market higher. In fact, Thursday ended up with a $30 gain. Friday has been very quiet, which is a good sign after that type of gain.

  • USD/JPY Weekly Price Forecast – US dollar pulls back against Japanese yen
    FX Empire2 days ago

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

    The US dollar fell during the week against the Japanese yen after forming a perfect shooting star last week at resistance. This was a classic sell signal, and the astute traders out there benefited. However, as we close out the week, it looks likely that there is support just below.

  • GBP/USD Weekly Price Forecast – British pound shows resiliency
    FX Empire2 days ago

    GBP/USD Weekly Price Forecast – British pound shows resiliency

    The British pound shows resiliency during the week against the US dollar, dropping towards the 1.30 level only to turn around and rally again. We are above the 1.3125 handle, and that of course is a very bullish sign.

  • GBP/JPY Weekly Price Forecast – British pound drops for the week
    FX Empire2 days ago

    GBP/JPY Weekly Price Forecast – British pound drops for the week

    The British pound dropped during the week against the Japanese yen, but as you can see the ¥147 level has offered support as we approached it. This is a market that has been going back and forth, but I would draw your attention to the shooting star from three weeks before.

  • EUR/USD Weekly Price Forecast – Euro traders go back and forth during the week
    FX Empire2 days ago

    EUR/USD Weekly Price Forecast – Euro traders go back and forth during the week

    The Euro went back and forth during the trading week, showing signs of resiliency and the 1.15 level. Friday was a bit soft, but overall it looks like we are going to continue to see buyers in this general vicinity.

  • AUD/USD Weekly Price Forecast – Australian dollar bounces for the week
    FX Empire2 days ago

    AUD/USD Weekly Price Forecast – Australian dollar bounces for the week

    The Australian dollar has bounced a bit during the week, breaking above the 0.71 level before selling off a little bit later on Friday. This is a positive candle, but quite frankly it pales in comparison of the negative candle stick that we had seen the previous week.

  • Gold Price Forecast – Gold markets sideways after explosive move higher
    FX Empire2 days ago

    Gold Price Forecast – Gold markets sideways after explosive move higher

    Gold markets were pretty quiet on Friday, grinding sideways after the explosive move on Thursday. This isn’t much of a surprise, because quite frankly markets need to cool off after a move like that. I think at this point, you are likely to see the market to one of a couple different things, either grind sideways to digest gains, or perhaps sell off as profit taking occurs.

  • USD/JPY Price Forecast – US dollar pulls back again against yen
    FX Empire2 days ago

    USD/JPY Price Forecast – US dollar pulls back again against yen

    The US dollar initially tried to rally during the trading session on Friday, but found resistance at the top of the recent consolidation that we have been in. Overall, this is a market that looks as if it is trying to find support at the 61.8% Fibonacci level again.

  • GBP/USD Price Forecast – British pound continues to find buyers on dips
    FX Empire2 days ago

    GBP/USD Price Forecast – British pound continues to find buyers on dips

    The British pound has pulled back a little during the session on Friday, showing signs of life again after falling initially. The market is one that I think is fairly well supported, but also has a lot of noise attached to it due to the Brexit.

  • GBP/JPY Price Forecast – market continues range bound motion
    FX Empire2 days ago

    GBP/JPY Price Forecast – market continues range bound motion

    The British pound has gone both up and down against the Japanese yen during the trading session on Friday, as traders start to come into the weekend. Because of this, it makes sense that the market participants would continue more of the same.

  • EUR/USD Price Forecast – Euro rolls over on Friday
    FX Empire2 days ago

    EUR/USD Price Forecast – Euro rolls over on Friday

    The Euro rallied initially during the day on Friday, but then sold off a bit during the early hours in the United States. However, I think that there is plenty of support below, so it is probably only a matter time before the buyers return.

  • AUD/USD Price Forecast – Australian dollar try to break out
    FX Empire2 days ago

    AUD/USD Price Forecast – Australian dollar try to break out

    The Australian dollar has rallied a bit during the trading session on Friday, as we continue to try to form a bit of a bottom. However, we are very much in a downtrend so don’t let that fool you.

  • Bitcoin holds above $6,000 but ends week lower; Bets against Ether hit record
    MarketWatch3 days ago

    Bitcoin holds above $6,000 but ends week lower; Bets against Ether hit record

    Bitcoin prices holds above $6,000 Friday, after a 24-hour selloff results in the price of the world’s largest digital currency trading perilously close to the crucial support level.

  • Gold Price Prediction – Gold Consolidates After Surging Higher
    FX Empire3 days ago

    Gold Price Prediction – Gold Consolidates After Surging Higher

    Gold prices consolidated after surging higher  on Thursday driven by demand to enter into a safe haven currency. Yields edge lower allow the dollar to ease paving the way for higher gold prices.  President Donald Trump was on the tape on Thursday stating that he believe the Federal Reserve was being reckless and increasing interest rates was unacceptable. Gold prices broke out of a 2-month range hitting highs not seen since early August, and then consolidated on Friday.  Prices surged above resistance which is now short term support near a downward sloping trend line at 1,212.  Additional support is seen near the 10-day moving average at 1,200.  Resistance on the yellow metal is seen near the July highs at 1,265.  Momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal.

  • Dollar’s 3-day slide pauses; China sets yuan level at weakest in 18 months
    MarketWatch3 days ago

    Dollar’s 3-day slide pauses; China sets yuan level at weakest in 18 months

    The U.S. currency, as measured by the ICE Dollar Index, (DXY) a measure of the buck’s strength against six trading rivals, was at 95.265, up 0.3%. Overnight, the People’s Bank of China set the yuan (USDCNY) midpoint at 6.9120, its weakest level since March 10, 2017.