Markets News 

Dollar remains a tad softer ahead of European markets open

“The more optimistic sentiment is helping to boost currencies like the aussie and kiwi on the day so far” reports forexlive.com. The greenback is joined at the bottom of the pile by the Japanese yen as both currencies are trading softer as markets remain hopeful of further progress in trade talks between US and China later this week.Nonetheless, the pound remains more perky than it was last week, as cable shifts back above the 100-day moving average and the near-term bias is favouring buyers more currently. Looking ahead, we may…

Read More
News 

Dollar holds strength amid mixed data, set for weekly gain

“In the latest developments, trade talks are set to continue in Washington next week, after a round in Beijing wrapped up Friday with gridlock over key issues remaining” writes Markets Reporter for marketwatch.com. Sluggish economic data in the eurozone and its constituents have been overshadowing hopes for a first ECB interest-rate increase this year.Friday’s data showed a 0.5% contraction in import prices, while the Empire state manufacturing index climbed to 8.8 from 3.9 previously.For the week, the gauge is on track for a 0.5% gain, according to FactSet. Source: marketwatch.com

Read More
Markets News 

Gold ends lower, building on a weekly decline

“Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week” writes Markets Commodities Reporter for marketwatch.com. April gold GCJ9, +0.04% lost $1.20, or less than 0.1%, to settle at $1,313.90 an ounce, trading about 0.4% lower for the week so far.Providing critical information for the U.S. trading day.Gold and the dollar tend to move inversely. “With the gold market down six dollars in the face of another upside breakout in the dollar, it is clear the market is facing…

Read More
Crypto News 

JPMorgan is launching its own cryptocurrency

“JPMorgan Chase imagines cryptocurrency transactions could replace wire transfers that generally take several days to complete” writes Feb Est for theverge.com. The CEO’s harsh views of bitcoin haven’t stopped his company from going ahead and creating a new digital token called the JPM Coin.JPMorgan Chase has thrown its hat into the cryptocurrency ring, proposing to launch its own digital coin, as spotted by CNBC. It’s one of the few banks to consider launching cryptocurrency, and the initiative may be surprising given that CEO Jamie Dimon has said he doesn’t “really…

Read More
Markets News 

Gold falls, building on its weekly decline, as geopolitical tensions ease for now

“Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week” writes Markets Commodities Reporter for marketwatch.com. April gold GCJ9, +0.06% lost $1.20, or less than 0.1%, to settle at $1,313.90 an ounce, trading about 0.4% lower for the week so far.Providing critical information for the U.S. trading day.Gold and the dollar tend to move inversely. “With the gold market down six dollars in the face of another upside breakout in the dollar, it is clear the market is facing…

Read More
News 

Gold slips as steps toward U.S.-China trade pact cut demand for haven assets

“News that U.S. congressional negotiators reached a tentative deal to prevent a government shutdown supported the stock market, limiting gains for haven gold” writes Rachel Koning Beals for marketwatch.com. Early Wednesday, April gold GCJ9, +0.13% fell less than 0.1% at $1,313.90 an ounce.In other metals trade, March silver SIH9, +0.22%  fell 0.3% to $15.645 an ounce.And developments on the trade-negotiations front also briefly dulled demand for the haven asset. Source: marketwatch.com

Read More
Markets News Stocks 

Gold eases as dollar climbs, with U.S.-China trade talks holding market’s attention

“Gold prices retreated Monday as a leading dollar index hovered near more than one-month highs, cutting demand for investors buying precious metals using other currencies” writes Rachel Koning Beals for marketwatch.com. Investors are looking ahead to trade talks this week with a delegation of U.S. officials traveling to China for the next round.Riskier markets, including U.S. stocks, headed higher on cautious optimism for the next round of U.S.-China trade negotiations resuming this week, limiting but hardly eliminating the appeal of haven assets, including gold.In other metals trade, March silver SIH9,…

Read More