ZAR surrenders gains
“The government has announced relief measures including reinstating a monthly welfare grant of ZAR350 for the poor until the end of March and support for uninsured businesses
to help dampen downside risks for the economy. There have been encouraging signs recently that the third wave of COVID in South Africa has passed the peak allowing the...
Gold hit a one-week high on Tuesday, as the dollar retreated after a slower-than-expected rise in U.S. inflation
led to uncertainty over the U.S. Federal Reserve’s timeline to taper monetary stimulus.”
Market sentiment currently is leaning towards the belief that the Federal Reserve will announce
hen it will begin to taper in November. However, the September...
European Central Bank (ECB) is set to keep interest rates unchanged until 2025.
The ratings agency added that ECB will likely continue its bond-buying program at least until 2024.
At its most recent meeting, the central bank decided to hold the main refinancing operations rate at 0.00%, its deposit facility rate at -0.50% and its marginal lending facility rate...
US stock futures were roughly flat on Wednesday after the S&P 500 hit a record high on Tuesday.
we are focused on Fed's Jackson Hole meeting, where its chair Jerome Powell will talk Friday.
Powell's speech will be scrutinized for signals about the future path of the Fed's monetary policy.
Daily Pivots: (S1) 0.8568; (P) 0.8584; (R1) 0.8601;
EUR/GBP’s rebound from 0.8448 is in favor to continue as long as 0.8534 support holds, for 0.8668 resistance.
Firm break there will be a strong sign of near term bullish reversal at least. On the downside,
however, break of 0.8534 will turn bias back to the downside for retesting 0.8448 low instead.
usdcad has a greater selling pressure, caused by excess supply, we are likely to see a decrease in price.
If there is a greater buying pressure, caused by excess demand, we are likely to see an increase in price.
keep your eyes on Oil when it keeps on buying sell usdcad and look for an entry @1.25200
if nasdaq reaches a newer high to day i shall never trade it again 14630.
count me out its stupid to trade an assert going into one direction i dont have a challenge.
any one can trade it an am not just any one