Oil Price Trades in Monthly Opening Range as Ida Hits US Crude Data
The price of oil may continue to track the opening range for September as it struggles to push back above the 50-Day SMA ($69.93).
USD/ZAR Breaking News: Missed SA Manufacturing Data Halts Rand Gains
A plethora of economic data today ended in a win for rand bulls as USD/ZAR eyes 14.000, while focus shift towards Fed speeches later today.
Gold Price Reverses Ahead of July High to Trade Back Below 200-Day SMA
The failed attempt to clear the July high ($1834) undermines the recent recovery in the price of gold as it trades back below the 200-Day SMA ($1809).
Crude Oil Prices Drop as China Releases National Reserves
Crude oil prices have fallen back on news that China has released crude from its reserves to reduce the pressure on its companies from rising raw material prices.
Breaking: ECB to Slow PEPP Purchase Pace, EUR/USD and Bund Yields Muted
ECB to slow PEPP purchases as expected. Euro and Bund yields see muted reaction in light of expected decision.
Solana (SOL/USD) Continues to Soar, Ethereum (ETH/USD) Consolidating Recent Flash Crash
The alt-coin market is shaking off this week's heavy sell-off with multiple coins making double-digit gains.
Euro Setup: EUR/USD, EUR/GBP Ahead of ECB
Euro traders keeping an eye on ECB as expectations for a hawkish tilt rise
Chinese Property Giant Evergrande’s Debt Fears, Ongoing Gaming Market Shake-Up
Chinese property giant Evergrande is back in the news as fears over the size of the companies debt pile and the possible wider spread contagion effect increase.
British Pound (GBP) Price Outlook: GBP/USD Downturn to Persist
GBP/USD continues to edge lower, partly on a firm US Dollar and partly on speculation that the Bank of England may decide to offset the fiscal tightening announced by the UK Government.
Australian Dollar Hit as Market Mood Sours, ECB Taper Talk Eyed. Will Risk Appetite Return?
The Australian Dollar fell as the Fed’s Beige Book got a sombre response and a taper-minded ECB meeting came into view. Will it bring risk assets like AUD/JPY some reward?