• Fed’s Powell, Williams:  Override the Models, Cut Rates and Do it Swiftly
    FX Empire9 hours ago

    Fed’s Powell, Williams: Override the Models, Cut Rates and Do it Swiftly

    Powell and Williams are on the same page. They both see the need for a rate cut at the end of July, and they both feel the Fed has to act quickly to support and attempt to steer the economy in the right direction. Their comments last week also indicate that they are both willing to override the models.

  • Rate Cuts Move Gold, Bullish Crude Specs Bail, Low Demand Pressures Nat Gas
    FX Empire13 hours ago

    Rate Cuts Move Gold, Bullish Crude Specs Bail, Low Demand Pressures Nat Gas

    Gold remained underpinned by expectations of a 25-basis point rate cut by the U.S. Federal Reserve, and capped by low expectations of a 50-basis point rate cut by central bank policymakers. The speculative buying in crude oil came to a screeching halt last week when the U.S. announced that Iran was willing to talk about its nuclear program. The problem for bullish natural gas traders is the heat is moving too quickly to feed lingering periods of high demand.

  • Weekly Wrap – Stats and Sentiment towards the FED Drove the Majors…
    FX Empire23 hours ago

    Weekly Wrap – Stats and Sentiment towards the FED Drove the Majors…

    The Pound and the EUR struggled, while the Greenback, Aussie Dollar and Kiwi Dollar saw green for the week.

  • Gold Price Futures (GC) Technical Analysis – Euro Will Exert Biggest Influence on Direction
    FX Empire2 days ago

    Gold Price Futures (GC) Technical Analysis – Euro Will Exert Biggest Influence on Direction

    The price action the last two sessions means that investors should look for heightened volatility from now until the Fed’s interest rate decision on July 31. The market should be especially sensitive to the ECB decision on July 25. If they are extremely aggressive then the Euro could plunge, the dollar index could spike higher and gold prices could tumble.

  • Forex Daily Recap – Ninja Underway Recovery After a Death Cross
    FX Empire2 days ago

    Forex Daily Recap – Ninja Underway Recovery After a Death Cross

    The May Japanese MoM All Industry Activity Index data release shocked the street analysts. The Kiwi pair kept lingering near its 3-month top vicinity on Friday.

  • Gold Price Prediction – Prices Ease from 6-Year Highs
    FX Empire2 days ago

    Gold Price Prediction – Prices Ease from 6-Year Highs

    Gold eases as geopolitical risks percolate

  • Gold Weekly Price Forecast – Gold markets continue to test resistance
    FX Empire2 days ago

    Gold Weekly Price Forecast – Gold markets continue to test resistance

    Gold markets rallied significantly during the week, initially falling but then turning around to bounce from the $1400 level. That being said, the $1450 level continues offer resistance. We are testing the top of the market right now.

  • USD/JPY Weekly Price Forecast – US dollar chops around against Japanese yen for the week
    FX Empire2 days ago

    USD/JPY Weekly Price Forecast – US dollar chops around against Japanese yen for the week

    The US dollar went back and forth against the Japanese yen during the trading week, dancing around the ¥108 level. By forming a neutral candle stick, this shows that the market really doesn’t know where we are going next.

  • GBP/USD Weekly Price Forecast – British pound showing signs of resiliency
    FX Empire2 days ago

    GBP/USD Weekly Price Forecast – British pound showing signs of resiliency

    The British pound broke down during the course of the week, slicing through the 1.25 level underneath. That’s an area that shows a lot of support, and therefore it’s likely that we have a fight on our hands. Overall, the hammer that we formed is a bullish sign.

  • GBP/JPY Weekly Price Forecast – British pound bounces slightly
    FX Empire2 days ago

    GBP/JPY Weekly Price Forecast – British pound bounces slightly

    The British pound initially fell during the course of the week, reaching down towards the 134 young level before bouncing significantly to form a bit of a hammer. That being the case, although it does look very bullish, the reality is that this market is oversold.

  • EUR/USD Weekly Price Forecast – Euro continues to churn
    FX Empire2 days ago

    EUR/USD Weekly Price Forecast – Euro continues to churn

    The Euro continues to go back and forth overall for the week, as we are essentially in a 100 point range. This has been the case for two weeks now, as the market has no idea what to do next.

  • AUD/USD Weekly Price Forecast – Australian dollar pierces major resistance
    FX Empire2 days ago

    AUD/USD Weekly Price Forecast – Australian dollar pierces major resistance

    The Australian dollar spent most of the week rallying above the significant resistance barrier that had been keeping this market down for some time. The fact that we have pierced that level is of course very bullish overall.

  • Gold Price Forecast – Gold markets gap higher but then fail
    FX Empire2 days ago

    Gold Price Forecast – Gold markets gap higher but then fail

    Gold markets have gapped higher during the trading session on Friday, shooting towards the $1450 level. That’s an area that should be massive resistance, but I do think that we break out above it given enough time.

  • GBP/USD Price Forecast – British pound pulls back
    FX Empire2 days ago

    GBP/USD Price Forecast – British pound pulls back

    The British pound pulled back again during the trading session on Friday, reaching down towards the 1.25 level which of course is a large, round, psychologically significant figure. While this pullback after a very bullish candle stick on Thursday would typically be a sign to start picking up value, I a bit hesitant when it comes to the British pound.

  • GBP/JPY Price Forecast – British pound rallies against Japanese yen on Friday
    FX Empire2 days ago

    GBP/JPY Price Forecast – British pound rallies against Japanese yen on Friday

    The British pound rallied a bit during the trading session on Friday, reaching towards the ¥135 level. This is an area that was previous support, and now it is asking questions as to whether or not it’s going to be resistance. I must say that the candlestick looks good, but longer-term, this is a pair that could struggle.

  • EUR/USD Price Forecast – Euro falls again in choppy week
    FX Empire2 days ago

    EUR/USD Price Forecast – Euro falls again in choppy week

    The Euro has fallen again during the trading session on Friday, as we continue to see significant resistance at the 1.13 handle. However, this is a market that also has significant support, so at this point in time I feel that we are simply floundering, looking for direction.

  • AUD/USD Price Forecast – Australian dollar pulls back to major support
    FX Empire2 days ago

    AUD/USD Price Forecast – Australian dollar pulls back to major support

    The Australian dollar had originally broken out of major resistance during the trading session on Thursday, and on Friday pulled back a bit from those extreme highs based upon the daily candle stick on Thursday. That of course is typical, because we had pierced major resistance, so it should now be major support.

  • Investing.com2 days ago

    Gold in for 2nd-Straight Weekly Gain Amid Rate Cut Hopes

    By Barani Krishnan

  • Sahm Unemployment Index and Gold
    FX Empire2 days ago

    Sahm Unemployment Index and Gold

    What is the difference between a recession and a depression? When your neighbor loses their job, it’s a recession. When you lose your job, that’s a depression! Not funny? Do not worry, we won’t make more jokes. Instead, we’ll analyze a new, but very important and powerful recessionary indicator. We invite you to read our today’s article, which discusses the Sahm Unemployment Index, and find out what does it say about the US economy and the gold market.

  • EUR/USD Mid-Session Technical Analysis for July 19, 2019
    FX Empire2 days ago

    EUR/USD Mid-Session Technical Analysis for July 19, 2019

    Based on the early price action and the intraday downside momentum, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the pivot at 1.1240.

  • Gold Peaks to 6-Year Highs, Silver to Close its Best Week in 3 Years
    FX Empire2 days ago

    Gold Peaks to 6-Year Highs, Silver to Close its Best Week in 3 Years

    Factors that are contributing to gold and silver upside are geopolitical tensions in the middle east with Iran and the United States crossing declarations, and the US capturing of the Iranian Grace 1 oil tanker in Gibraltar, Mediterranean sea, by the US and UK.

  • Price of Gold Fundamental Daily Forecast – Hope of Aggressive Fed Rate Cut Drives Spot Gold to Six-Year High
    FX Empire2 days ago

    Price of Gold Fundamental Daily Forecast – Hope of Aggressive Fed Rate Cut Drives Spot Gold to Six-Year High

    Williams’s comments are underpinning gold prices, but gains are being tempered after a spokesperson for the New York Federal Reserve told CNBC, “This was an academic speech on 20 years of research. It was not about potential policy actions at the upcoming FOMC meeting.”

  • Investing.com2 days ago

    Gold Prices Rise as Trump Piles More Pressure on Fed; Central Banks Still Buyers

    Investing.com - Gold prices rose as U.S. President Donald Trump stressed that the Federal Reserve should lower rates and a survey showed that central banks worldwide were planning to increase reserve holdings.

  • Investing.com2 days ago

    U.S. Dollar Rises, Even as Bigger Fed Rate Cut Expected

    Investing.com - The U.S. dollar was higher on Friday, even as expectations rose that the Federal Reserve will cut interest rates by half a point at the end of the month.

  • Coinbase has quietly shut down the Coinbase Bundle product
    The Block2 days ago

    Coinbase has quietly shut down the Coinbase Bundle product

    The Coinbase Bundle product has been deprecated, per an FAQ on the cryptocurrency exchange's site. All cryptocurrency balances that users obtained via Bundle purchases have been placed into the respective asset wallet in the Coinbase user's account.The post Coinbase has quietly shut down the Coinbase Bundle product appeared first on The Block.