• Gold Prices Hold Near Worst Level Of 2018 Ahead Of Fed Minutes
    Investing.com1 hour ago

    Gold Prices Hold Near Worst Level Of 2018 Ahead Of Fed Minutes

    Investing.com - Gold prices were on the back foot in early dealings on Wednesday, hovering near the lowest levels of the year as investors waited for minutes from the Federal Reserve's meeting for clues on the outlook for U.S. interest rates.

  • MarketWatch2 hours ago

    Dollar mostly gains, but falls vs. yen on haven demand

    The ICE U.S. Dollar Index (IFUS:DX-Y.NYB) , which tracks the greenback against six rivals, rose to 93.867, up from 93.563 late Tuesday in New York. On Tuesday, President Donald Trump told reporters he wasn’t really happy with the progress of U.S.-China trade talks, and hinted that his summit with North Korean leader Kim Jong Un may not go ahead as planned. In Turkey, the currency is hitting historic lows in the wake of troubling statements from President Recep Tayyip Erdogan.

  • Gold Prices Little Changed Amid Firmer Dollar
    Investing.com4 hours ago

    Gold Prices Little Changed Amid Firmer Dollar

    Investing.com – Gold prices were little changed on Wednesday as the dollar held on to gains after climbing to a fresh new high this year on Monday.

  • Forex – Dollar Rises Ahead of Fed Minutes
    Investing.com5 hours ago

    Forex – Dollar Rises Ahead of Fed Minutes

    Investing.com –  The dollar rose against the other major currencies in Asia on Wednesday morning, after climbing to a fresh new high this year on Monday. The warming trade relations between the U.S. and China helped revive risk appetite. Markets also eye the Federal Reserve’s minutes that will come on Thursday in Asia to look for cues for rate hikes.

  • Price of Gold Fundamental Daily Forecast – Will Fed Minutes Reveal Greater Than Expected Concerns Over Rising Inflation?
    FX Empire5 hours ago

    Price of Gold Fundamental Daily Forecast – Will Fed Minutes Reveal Greater Than Expected Concerns Over Rising Inflation?

    Traders will be looking for clues in the minutes on the outlook for U.S. interest rates. A hawkish interpretation of the minutes could send interest rates and the U.S. Dollar higher, while putting pressure on dollar-denominated gold.

  • Nat Gas Spikes Higher on Weather Concerns
    FX Empire7 hours ago

    Nat Gas Spikes Higher on Weather Concerns

    Warmer weather should boost demand, which would curtail the pace of weekly injections, meaning the current supply deficit may not be filled in time for the start of the summer cooling season.

  • Gold markets rally initially, but roll over on Tuesday
    FX Empire8 hours ago

    Gold markets rally initially, but roll over on Tuesday

    Gold markets rallied a bit during the day on Tuesday, reaching as high as $1296, before pulling back in signs of resistance. Ultimately, there is a lot of resistance just above, but I do like go longer-term, as I think geopolitical concerns could put a bit of juice into this market. Short-term though, the US dollar continues to be a major issue.

  • US dollar choppy against Japanese yen on Tuesday
    FX Empire8 hours ago

    US dollar choppy against Japanese yen on Tuesday

    The US dollar has been very choppy against the Yen during the day on Tuesday as we continue to flirt with the ¥111 level. We had recently bounced higher and above the ¥111 level to reach towards the ¥111.35 level before pulling back.

  • Greenback falls against the Loonie during Tuesday session
    FX Empire8 hours ago

    Greenback falls against the Loonie during Tuesday session

    The US dollar fell rather stringently against the Canadian dollar during the Tuesday session, as we saw the 1.2750 level tested for support. As we approach this level, it’s easy to see that it’s an important barrier for the sellers to get through if they wish to see Canadian dollar strength. The strengthening oil market certainly could help though.

  • New Zealand dollar continues to struggle against greenback on Tuesday
    FX Empire8 hours ago

    New Zealand dollar continues to struggle against greenback on Tuesday

    The New Zealand dollar initially trying to rally during the day on Tuesday but found the 0.6975 level to be too resistive. However, I would be remiss if I didn’t point out that we had recently broken above an ascending triangle, which measured for a move to the 0.70 level. While we haven’t gotten there, I think this simply shows that people are willing to sell any rally that occurs.

  • British pound rallies but finds resistance on Tuesday
    FX Empire8 hours ago

    British pound rallies but finds resistance on Tuesday

    The British pound rallied significantly during the day on Tuesday, testing the bottom of the previous uptrend line, which should be resistance. So far, that resistance has held up, and it’s likely that the selling pressure could continue. However, we have a handful of levels we should be watching.

  • British pound very noisy against the Japanese yen during Tuesday session
    FX Empire8 hours ago

    British pound very noisy against the Japanese yen during Tuesday session

    The British pound has been very noisy during the trading session on Tuesday, initially spiking towards the ¥149.75 level, before rolling over again. At this point, the market looks as if it is trying to build up significant momentum to the upside, something that will be necessary to continue the move higher.

  • Euro bounces around during Tuesday session
    FX Empire8 hours ago

    Euro bounces around during Tuesday session

    The Euro bounced around during the Tuesday session, initially searching much higher, but pulling back from the 1.1825 handle. Since then, it looks like the buyers are starting to come back a little bit, so the question now is whether we are trying to form some type of short-term bottom?

  • Euro continues noisy trading against Sterling
    FX Empire8 hours ago

    Euro continues noisy trading against Sterling

    The Euro continues to be very noisy against Sterling during the trading session on Tuesday as we are struggling to find direction. The market had recently rallied from extreme lows, but quite frankly we haven’t been able to break resistance above with any type of significance to impress to the upside.

  • Aussie dollar rallies slightly to test resistance on Tuesday
    FX Empire8 hours ago

    Aussie dollar rallies slightly to test resistance on Tuesday

    The Australian dollar has rallied a bit during the day on Tuesday, to test the psychologically important 0.76 handle as well as a major previous uptrend line. There should be resistance here, and so far that’s what we are seeing.

  • USD/JPY Fundamental Daily Forecast – Fed May Have to Deliver Major Surprise to Keep Upside Momentum Strong
    FX Empire9 hours ago

    USD/JPY Fundamental Daily Forecast – Fed May Have to Deliver Major Surprise to Keep Upside Momentum Strong

    The most important thing the Fed minutes could tell investors is how far officials will let inflation rise above their 2% target. 

  • AUD/USD and NZD/USD Fundamental Daily Forecast – Pressured by Renewed Geopolitical Fears, Worries Ahead of Fed Minutes
    FX Empire10 hours ago

    AUD/USD and NZD/USD Fundamental Daily Forecast – Pressured by Renewed Geopolitical Fears, Worries Ahead of Fed Minutes

    In the U.S., the focus will be on the Fed Meeting Minutes, due to be released at 1800 GMT, but prior to that, investors will get the opportunity to react to the latest data on Flash Manufacturing PMI, Flash Services PMI and New Home Sales.

  • Day Ahead: Top 3 Things to Watch
    Investing.com12 hours ago

    Day Ahead: Top 3 Things to Watch

    Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow

  • Investing.com14 hours ago

    Gold Prices Edge Lower as Dollar Claws Back Losses

    Investing.com – Gold prices traded roughly unchanged on Tuesday as the dollar’s rebound from session lows kept a lid on upside momentum in the precious metal ahead of the release of the Federal Reserve’s May meeting minutes.

  • Investing.com15 hours ago

    Dollar off Lows as Sterling, Euro Resume Trend Lower

    Investing.com – The dollar moved off session lows as the euro reversed its earlier gains amid ongoing political uncertainty in Italy, while the pound resumed its downward trend adding to dollar strength.

  • Forex- U.S. Dollar Struggles to Stay at Five-Month High
    Investing.com17 hours ago

    Forex- U.S. Dollar Struggles to Stay at Five-Month High

    The dollar struggled to stay near a five-month high on Tuesday as investors look ahead to the Fed minutes. The Federal Reserve releases the latest minutes from its monetary policy meeting on Wednesday. Investors will be looking closely for any sign of tightening monetary policy.

  • Market Snapshot – Gold Prices Get Some Relief
    FX Empire17 hours ago

    Market Snapshot – Gold Prices Get Some Relief

    The gold prices got some relief on dollar weakness

  • Gold Consolidates but Downtrend Remains Intact
    FX Empire17 hours ago

    Gold Consolidates but Downtrend Remains Intact

    Gold prices consolidated forming a doji day where the open and the close are at the same level which reflects indecision. Prices are hovering below resistance after tumbling into a new range, and are poised to test lower levels. Resistance is seen near the 10-day moving average at 1,301, while support is seen near the December lows at 1,240. The 10-day moving average crossed below the 200-day moving average which relates that a short-term down trend is now in place. Short-term momentum has turned positive as the fast stochastic generated a crossover buy signal in oversold territory.

  • The EUR/USD Consolidates but Down Trend Remain Intact
    FX Empire18 hours ago

    The EUR/USD Consolidates but Down Trend Remain Intact

    The EUR/USD bounced slightly on Tuesday but the trend for a lower exchange rate remains intact. U.S. yields edged lower, easing pressure on the currency pair despite a jump in the U.S. Philly Fed services index.  U.S. chain store sales fell in the latest week, while the ECB is focused on Italy. The EUR/USD attempted to rebounded but ran into resistance near the 10-day moving average at 1.1841.

  • Gold Prices Hold Near 2018 Low
    Investing.com18 hours ago

    Gold Prices Hold Near 2018 Low

    Investing.com - Gold prices inched higher on Tuesday as increased risk appetite limited gains in the precious metal, keeping it close to the low for the year hit a day earlier.