• Dollar jumps, recovers post-Fed losses
    MarketWatch48 minutes ago

    Dollar jumps, recovers post-Fed losses

    The U.S. dollar climbs in early Thursday trading, retracing some of its losses from the previous session that it incurred after the Federal Reserve reiterated its dovish monetary policy stance.

  • MarketWatch3 hours ago

    EU proposes conditional Brexit deadline extension to May 22

    The European Union proposed a conditional extension of the Brexit deadline until May 22 -- when elections for the European Parliament begin -- in draft conclusions of a European Council meeting Thursday, according to reports. However, the extension would be tied to the U.K. Parliament supporting Prime Minister Theresa May's withdrawal deal. The deal, or an amended version thereof, is expected to be put to vote next week. The EC said an extension beyond May 22 was impossible due to the EU elections, which the U.K. isn't intending to take part in. May had requested an extension until June 30. At present, the U.K. is set to leave the EU on March 29 without a trade deal in place. The British pound , dropped to a session-low of $1.2981 shortly before the extension proposal became known. It was its lowest level in about two-weeks. Sterling last bought $1.3046, down 1.1% from Wednesday. The euro , meanwhile, bought £0.8700, up 0.6%.

  • Reuters5 hours ago

    Euro zone consumer confidence improves to -7.2 in March

    (Reuters) - Euro zone consumer confidence rose by 0.2 point in March from the February number, figures released on Thursday showed. The European Commission said a flash estimate showed euro zone consumer ...

  • Investing.com5 hours ago

    Dollar Rides Sterling Slump, Philly Fed Data Higher

    Investing.com - The U.S dollar rose sharply against its rivals Thursday amid upbeat manufacturing data and a slump in sterling.

  • USD/CAD Overview – The Pair Breaking Last Day’s Major Resistance
    FX Empire6 hours ago

    USD/CAD Overview – The Pair Breaking Last Day’s Major Resistance

    ADP to release February Canadian Employment Change number today. Trump says US tariffs may sustain for a certain period.

  • Gold Jumps To March’s Highs After Fed and BoE; Good US Data
    FX Empire6 hours ago

    Gold Jumps To March’s Highs After Fed and BoE; Good US Data

    Gold and silver are trding at march highs amid a weak dollar and Fed pause in interest rate hikes.

  • London markets higher on optimism around miners
    MarketWatch6 hours ago

    London markets higher on optimism around miners

    London markets gained as investors digested a positive U.K. retail sales surprise and a third vote on the Brexit transition agreement began to look more likely, news that roiled the pound. How did markets perform? The FTSE 100 (UK:UKX)(UK:UKX) rose 0.

  • EUR/USD Mid-Session Technical Analysis For March 21, 2019
    FX Empire7 hours ago

    EUR/USD Mid-Session Technical Analysis For March 21, 2019

    Based on the current price at 1.1393 and the earlier 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 1.1377 and the 50% level at 1.1374.

  • MarketWatch8 hours ago

    Bank of England leaves policy on hold amid Brexit uncertainty

    The Bank of England left its main lending rate unchanged at 0.75% on Thursday, in line with expectations. The central bank said new economic data has been mixed and the U.K.'s economic outlook will depend significantly on the nature and timing of Brexit. "Shifting expectations about the potential nature and timing of the United Kingdom's withdrawal from the European Union have continued to generate volatility in UK asset prices, particularly the sterling exchange rate," said the BOE statement. "Brexit uncertainties also continue to weigh on confidence and short-term economic activity, notably business investment." The market reaction to the policy update was muted, with the British pound holding its losses in response. Sterling last bought $1.3115, down 0.6%. In other assets, the 10-year gilt also reacted little, last yielding 1.08%, while U.K. stock benchmark FTSE 100 held on to its modest gain, last up 0.4%

  • Price of Gold Fundamental Daily Forecast – Dovish Fed Doesn’t Guarantee New Bull Market
    FX Empire9 hours ago

    Price of Gold Fundamental Daily Forecast – Dovish Fed Doesn’t Guarantee New Bull Market

    Traders should note that just because the Fed turned increasingly dovish, a bull market in gold is not a given. Gains could be limited by a surge in demand for risky assets like stocks. Furthermore, safe-haven demand for the U.S. Dollar due to concerns over U.S.-China trade relations could also put a lid on gold prices.

  • MarketWatch9 hours ago

    European markets mixed as investors digest dovish Fed

    The U.S. Federal Reserve’s downbeat outlook hit currencies but the effect on equities was inconclusive

  • Investing.com10 hours ago

    Stocks - Wall Street Flat as Fed Fever Cools

    The Dow was flat by 9:42 AM ET (13:42 GMT), while the S&P; 500 gained 1 point, or 0.1%, and the tech-heavy Nasdaq composite rose 13 points, or 0.18%.

  • Fed Crashed the Dollar in Favour of Trump
    FX Empire10 hours ago

    Fed Crashed the Dollar in Favour of Trump

    The US Federal Reserve yesterday demonstrated a sharp easing of monetary policy plans, triggering a wave of dollar sales. Despite the fact that the markets tuned in to a very mild tone of comments, the US Central Bank managed to surprise the market.

  • Investing.com11 hours ago

    Gold Rises as Fed's Pivot Crushes Treasury Yields

    Gold prices jumped on Thursday as the yield on the 10-year Treasury note fell to a 14e-month low after the Federal Reserve indicated it would not raise rates for the rest of the year. Comex gold futures for April delivery had hit a three-week high after the Fed's announcements and retraced only marginally to $1,317.35 an ounce by 9:01 AM ET (13:01 GMT). Meanwhile, the yield on the United States 10-Year benchmark note fell another 1.8 basis points to 2.52%, some 8 basis points below where it was before the Fed, and a level not seen since January 2018.

  • Dovish FED Sorts Out Few Good Trading Occasions
    FX Empire11 hours ago

    Dovish FED Sorts Out Few Good Trading Occasions

    We were not expecting much of the hawkishness from FOMC yesterday but the amount of the dovishness was really surprising for the market participants.

  • AUD/USD and NZD/USD Fundamental Daily Forecast – Traders Adjusting Positions to Plunge in Treasury Yields
    FX Empire11 hours ago

    AUD/USD and NZD/USD Fundamental Daily Forecast – Traders Adjusting Positions to Plunge in Treasury Yields

    The AUD/USD is rallying because the drop in the jobless rate is lowering expectations the Reserve Bank of Australia (RBA) won’t cut interest rates any time soon. However, traders still believe the RBA will make its first rate cut in August. Although New Zealand’s economy grew less than the Reserve Bank of New Zealand (RBNZ) expected in the fourth quarter, the price action in the NZD/USD indicates the data is not likely to spur any change in the Reserve Bank’s message at next week’s policy review.

  • GBP/USD Daily Price Forecast – British Pound Loses Most of Overnight Gains On Brexit Woes
    FX Empire11 hours ago

    GBP/USD Daily Price Forecast – British Pound Loses Most of Overnight Gains On Brexit Woes

    British Pound is trading range bound as investors have taken a cautious stance awaiting directional cues from today’s major events.

  • The EU Summit: Can the Pound Move on from Brexit?
    FX Empire12 hours ago

    The EU Summit: Can the Pound Move on from Brexit?

    The Pound and Brexit now sits in the hands of EU member states. One vote against an extension and expect the Pound to tumble.

  • USD/JPY Fundamental Daily Forecast – Falling Treasury Yields Making Dollar Less-Attractive Investment
    FX Empire12 hours ago

    USD/JPY Fundamental Daily Forecast – Falling Treasury Yields Making Dollar Less-Attractive Investment

    The USD/JPY could see further downside pressure over the long-term if the slowing economy worsens and opens the door for a potential rate cut later this year if the economy slows as much as some analysts fear.

  • European Equities: The DAX Pressures the Majors as Auto Stocks Crumble
    FX Empire12 hours ago

    European Equities: The DAX Pressures the Majors as Auto Stocks Crumble

    A 2019 pause on interest rate hikes by the FED may not be enough should U.S – China trade talks lack progress. It could be a telling end to the week.

  • EUR/USD Price Forecast – Euro Gains on Post FOMC USD Weakness
    FX Empire12 hours ago

    EUR/USD Price Forecast – Euro Gains on Post FOMC USD Weakness

    The pair is consolidating overnight gains as USD suffered a sharp drop in value following dovish FOMC update.