BRICS & Jackson Hole Oppose Rand Upside
RAND TALKING POINTS & ANALYSISFalling SA inflation hinders ZAR upside.SA stock and bond outflows a concern.USD/ZAR exhibiting hesitancy ahead of key economic data. Trade Smarter - Sign up for the…
RAND TALKING POINTS & ANALYSISFalling SA inflation hinders ZAR upside.SA stock and bond outflows a concern.USD/ZAR exhibiting hesitancy ahead of key economic data. Trade Smarter - Sign up for the…
UPCOMING EVENTS:Monday: UK Bank Holiday, Australian Retail Sales.Tuesday: Japan Unemployment Rate, US Consumer Confidence, US Job Openings.Wednesday: Australia CPI, US ADP.Thursday: Japan Retail Sales, Chinese PMIs, ECB Minutes, Eurozone CPI,…
Share: AUD/USD fell more than 0.50%, to a daily low near 0.6380. Jerome Powell opened the door to another hike in this tightening cycle. Rising US yields make the…
USD/ZAR PRICE, ANALYSIS AND CHARTS:USD/ZAR Rises Despite BRICS Expansion Plans, Dollar Bulls Return.BRICS Bloc Has Extended an Invitation to 6 Countries to Join the Bloc with Saudi Arabia the Surprise.The…
UBS on the headwinds for gold (UBS refer to these as 'short-term'):surprisingly resilient US economic data & concerns over the Federal Reserve’s likely responsefed fund futures ... markets are pricing…
Share: EUR/JPY retreated near the 158.00 area, seeing more than 0.70% losses on the day. Alongside the NZD, the JPY is one of the session’s top-performer. Tightening expectations…
OIL PRICE FORECAST:Oil Mixed Today Following an Improved European and US session as Sentiment briefly improved.US Rig Count for Week Ended August 18 Drops to 520 from a Previous 525.Technicals…
UPCOMING EVENTS:Monday: PBoC LPR.Wednesday: NZ Retail Sales, AU/JP/EZ/GB/US PMIs, Canada Retail Sales.Thursday: US Jobless Claims. Friday: Fed Chair Powell speaks at the Jackson Hole Symposium (24-26 August).MondayThe PBoC is expected…