USD/ZAR Outlook: Doubtful South African Rand Centers on FOMC
The rand heads into the week with its focus firmly on local economic data and the upcoming FOMC meeting which could provide near-term directional bias for USD/ZAR.
Euro Forecast: EUR/USD Prepares to Break Critical 1.17 Support Level
Stronger GDP growth in the US than the Eurozone this year and an earlier tightening of US monetary policy will likely continue to put downward pressure on EUR/USD, taking it to new 2021 lows.
Gold Flash Crash Reversed, Fed Gears Up for Taper Signal
Gold breaks key pivot, resistance ahead likely to cap. Fed Officials talk tapering.
US Dollar Forecast: FOMC Minutes to Detail Tapering Debate
The US Dollar pivoted lower this past week with USD price action weakening broadly on the back of decelerating inflation and plunging consumer sentiment. Will FOMC minutes revive US Dollar bulls?
Bitcoin (BTC), Ethereum (ETH) Probing Multi-Week Highs, Alt-Coin Surge Continues
Bitcoin is set to print its 4th weekly green candle in a row, the first time this has happened since late January when prices rallied to a fresh all-time high just a few weeks later.
Australian Dollar Outlook: AUD/USD at Risk of RBA Taper, Chinese Regulations
The Australian Dollar continues to face headwinds from a number of fronts with divergencies in risk assets, RBA/Fed tapering plans and Chinese Crackdowns.
British Pound (GBP) Weekly Forecast: Will CPI and PPI Continue to Diverge?
GBP ends the week with mixed performance as July jobs, CPI and PPI data will be in focus next week
AUD/USD Rate Defends August Range Amid Failure to Teste July Low
AUD/USD appears to be stuck in a narrow range following the failed attempt to test the July low (0.7289).
US Dollar Pullback Accelerates as Consumer Sentiment Plunges
The US Dollar has been trading on its back foot this morning with selling pressure intensifying in the wake of a big miss on consumer sentiment data just released amid mounting delta variant concerns.
Record Breaking Run for EU STOXX, FTSE Rises to Pre-Pandemic Levels
The broader EU STOXX 600 is on track to post gains for a record tenth straight session while the FTSE reaches pre-Covid levels