|Day's Range||1,238.30 - 1,247.90|
Investing.com - Gold prices remained at five-month lows on Tuesday, as investors continued to focus on the Federal Reserve's upcoming policy decision this week
Gold has been under pressure and continues to test important short-term support. U.S Crude Oil has been able to gain. After initially gaining in early trading on Monday, the British currency reversed lower and has maintained its weaker path against the U.S Dollar.
The recent selling and liquidation can be attributed to expectations of rising interest rates, increased demand for higher risk, and rising demand for bitcoin.
Prices could continue to firm over the near-term with Brent widening its spread over WTI. There is a lot of oil affected by this shutdown so supply is going to be reduced. Brent crude oil could rise to $67.00 to $70.00 over the short-run. This may be a big enough move to pull WTI crude to $60.00 a barrel.
The next move in the index will be determined by momentum. However, we may have to wait until Wednesday after the Fed releases its decisions at 1900 GMT, before we see volume strong enough to sustain a breakout over 94.085 or under 93.750.
Investing.com - Crude oil prices gained in Asia on Tuesday led by Brent crossing $65 a barrel for the first time since 2015 as a shutdown of a key pipeline led to a spike in the global benchmark and investors looked ahead to US industry inventory estimates on crude and refined products.
The AUD/USD is currently straddling a major Fibonacci level. Trader reaction to this level could determine the near-term direction of the Forex pair.
Investing.com Gold prices dipped slightly in Asia on Tuesday with language from he Fed after its rate announcement on Wednesday seen as key for direction.
U.S. Dollar Index posts two-sided trade with most of the major players on the sidelines awaiting Wednesday’s U.S. Federal Reserve interest rate and monetary policy decisions.
The earlier jump in oil prices boosted energy-heavy European stock indexes, with the pan-European STOXX rising 0.53 percent. The Fed, whose two-day policy meeting ends Wednesday, is widely expected to raise benchmark interest rates. "Investors are presented with an interesting (U.S.) economic outlook.
Investing.com – Gold prices remained under pressure on Monday despite weakness in the dollar as data showed money managers slashed their bullish bets on the precious metal to a 17-week low ahead of a widely expected Federal Reserve interest rate hike.
By Alastair Sharp TORONTO (Reuters) - Canada's main stock index inched higher on Monday, boosted by gains for energy stocks as oil prices rose and by rising miners and other materials stocks, while banks and railway stocks weighed. * The Toronto Stock Exchange's S&P/TSX composite index closed up 7.44 points, or 0.05 percent, at 16,103.51. * Half of the index's 10 main groups were in positive territory, with advancers just outnumbering decliners overall. * The energy group, which accounts for almost a fifth of the index's weight, climbed 0. ...
At 4:05 AM EST on December 11, the West Texas Intermediate crude oil futures for January 2018 delivery were trading at $56.95 per barrel—a fall of 0.71%.
Investing.com - Crude oil prices fell on Monday amid concerns that rising U.S. output could undermine efforts by OPEC to support the market by reducing excess supplies.
Bitcoin futures trading has begun at the CBOE and so far, the impact has not been much on the rest of the BTC market
On Wednesday, the U.S. Federal Reserve is expected to raise its benchmark interest rate 0.25% to 1.50%. This has been priced into the market for at least a month. Stocks could surge if the FOMC members express concerns over the number of rate hikes in 2018.
By Stephanie Kelly NEW YORK (Reuters) - U.S. stocks closed higher on Monday as investors prepared for an expected Federal Reserve rate hike later in the week, while stocks rose around the world on continued solid global economic growth indicators. The Dow Jones Industrial Average and the S&P 500 opened flat after news of an explosion in New York's busy Port Authority commuter hub which New York Mayor Bill de Blasio described as an "attempted terrorist attack." U.S. stocks edged higher after worries receded over the explosion. ...
Investing.com – Crude oil prices settled higher on Friday as stronger Chinese crude demand and fears over possible supply disruptions offset signs of rising US output.
Investing.com - Crude oil prices rose for a second consecutive session on Friday, as an increase in demand from China offset mounting concerns over rising U.S. oil production.