The U.S. dollar remained under pressure during Wednesday’s session, even as the appetite for risk that had defined morning trading across assets turned sour.
The eurozone economy doesn’t appear to be snapping back from its second-half slowdown. Investors wonder whether European Central Bank President Mario Draghi will declare that risks to the eurozone economy have shifted to the downside.
Cryptocurrency prices are trading mostly unchanged on Wednesday, led by the No.1 digital currency, which is oscillating on either side of $3,600.
BRUSSELS (Reuters) - Euro zone consumer confidence rose in January from a sharply revised December number, figures released on Wednesday showed. The European Commission said a flash estimate showed euro ...
Investing.com – The U.S. dollar was under pressure Wednesday against a basket of major currencies following a sharp rise in the pound on fading worries the U.K. will leave the European Union without a trade deal.
Based on the early price action, the direction of the April Comex gold futures contract the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at $1292.50.
USDCAD pair has been on steady downward price action since last night as US dollar lost some ground over conflicting headlines. Financial Times reported that Trump Administration had rejected a request from the Chinese government for preparatory talks later this week ahead of next week’s high-level talks owing to lack of progress. This caused US equities to slide in early American market hours which caused US dollar to lose ground in the broad market. ...
Following its gradual recoveries since week-start, the GBPUSD again confronts four-month old resistance-line, around 1.2980, which if broken on a daily closing basis can propel the pair towards another important resistance, namely the joint of 200-day SMA and downward slanting trend-line stretched since June 2018, around 1.3080-90. Given the pair manage to print a D1 close beyond 1.3090, also clears 1.3100 mark, it may aim for 1.3180 & 1.3260 numbers to north. If at all the pair again fails to surpass the trend-line barrier, the 1.2910, the 1.2820 and the 50-day SMA level of 1. ...
Based on the early trade and the current price at .7136, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at .7153 and the main Fibonacci level at .7156.
Based on the early price action and the current price at 1.1363, the direction of the EUR/USD on Wednesday will be determined by trader reaction to the uptrending Gann angle at 1.1344. This angle was tested successfully on Tuesday.
LONDON MARKETS Shares of London-listed challenger bank Metro Bank PLC (UK:MTRO) plunged 28% on Wednesday, following poor fourth-quarter earnings, while continued uncertainty over global trade weighed on the broader U.
The gold prices are back above the $1280 level, as it is witnessing strong support and buying at the lower level. The market is likely to continue gaining momentum and will eventually break above the $1300 level, which would be an extremely bullish development. Underneath, the 50 and 200 Day EMAs are providing strong support to the gold prices. …Read MoreSilver
The Euro has stabilized just above the 1.1350 level and is testing a short uptrend line. If it manages to break above the 50 Day EMA, which is offering a stiff resistance, then it can reach much higher towards the 1.15 level. The 1.27 level underneath is a strong support point for the pair and is unlikely to be broken unless there is a drastic change in fundamentals.