Investing.com - Litecoin was trading at $61.420 by 18:34 (22:34 GMT) on the Investing.com Index on Friday, up 10.27% on the day. It was the largest one-day percentage gain since August 17.
Investing.com - Gold prices Friday were set to post their biggest weekly slump since April last year as fears over a slowdown in China and a stronger dollar wreaked havoc in metals earlier this week.
Digital currencies on Friday were on pace to log three consecutive sessions in the green, with all major coins trading in positive territory. Bitcoin (BTCUSD) the most prominent digital currency, has popped back above $6,500, last trading at $6,519.09, up 4.1% since Thursday at 5 p.m. Eastern Time on the Kraken crypto exchange. It has been a fruitful 72-hours for digital currency owners that suffered a setback earlier in the week after a vicious selloff wiped $20 billion off the value of all cryptocurrencies in the space of 24-hours.
Moody's de Mexico (Moody's) changed today the outlook for the Municipality of Zapopan to negative from stable and affirmed its issuer ratings at Baa3/Aa3.mx (Global Scale, local currency/Mexico National Scale). At the same time, Moody's affirmed the A3/Aaa.mx (Global Scale, local currency/Mexico National Scale) debt ratings of the municipality's MXN 1,237 million enhanced loan from Banorte.
Gold prices rebounded and the dollar lost traction as riskier assets gain ground following news that Chinese and U.S. negotiators are working on a scheme to hold talks to end the trade dispute. The dollar has been the strongest currency around the globe and the an end to the recent Sino-US trade dispute would allow other currencies including gold to gain a foothold. Gold prices rebound following a spike down doji Day on Thursday which is a sign of a reversal pattern.
Investing.com - Stocks started the day lower on Wall Street Friday, as global market selling on a further tumble in the Turkish lira hit the broader market and weakness in semiconductor earnings hit technology shares.
The U.S. dollar is set to weaken by 7% over the next 12 months, and investors should factor this into their equity positionings, according to research by Goldman Sachs.
The U.S. dollar looks listless on Friday, sliding against a handful of its major rivals but rallying against some emerging markets as investors assess the state of risk sentiment amid worries over further sanctions on Turkey.
Based on the early price action, the direction of the EUR/USD on Friday is likely to be determined by trader reaction to the uptrending Gann angle at 1.1381.
The gold prices initially rallied during the Thursday’s session but witnessed some amount of selling pressure on the top. The silver prices rallied during the yesterday’s session breaking above the $14.50 level after the news that Chinese delegation will visit the US to discuss the trade policy which eased some amount of tensions from the market. The crude oil prices moved very little during the yesterday’s session hovering just above the $65 level which is offering a bit of support to the market.
The Euro rallied slightly higher during the Thursday’s session reaching towards the 1.14 level but due to the presence of strong resistance above, the market rolled over a bit. The British Pound initially tried to rally above the 1.12750 level in the yesterday’s session but failed in its attempt and rolled over. The AUD rallied during the yesterday’s session but later in the day sellers are seen getting involved pushing the price lower.
Having breached 200-week SMA & $1206-04 horizontal-support, Gold dropped to the lowest levels in nineteen months and still has some room on the downside before visiting important support-region of $1130-27. However, the $1160-58 may offer an intermediate halt to the Bullion prior to dragging it to the $1130-27 area. In case the yellow metal refrains to respect the $1127 mark, the $1100 and $1088 could appear in the Bears radar to target. Given the prices witness short-covering pullback, the $1188 might become immediate cap ahead of highlighting the $1204-06 support-turned-resistance. ...