Bears take control in long squeeze
Share: GBP/USD bears eye a 50% mean reversion if not the 61.8%ratio. The 4-hour W-formation neckline support has a confluence with the 78.6% Fibonacci. GBP/USD ended at around…
USD/ZAR Shrugs Off Resurgent Dollar, Eyes Break of 17.50 Support
USD/ZAR PRICE FORECAST: Recommended by Zain Vawda Get Your Free USD Forecast MOST READ: USD/ZAR Rises as SA Reserve Bank (SARB) Pauses After 10 Consecutive HikesThe South African Reserve Banks…
US stocks moving to the upside as Powell stresses data dependency
The major stock indices have pushed to the upside as Powell stresses data dependency.Dow Industrial Average top 170 points or 0.48% at 35609S&P index is up 11.2 points or 0.24%…
NZD/USD rises despite solid US data
Share: The NZD/USD rose above 0.6200 despite the USD holding its foot. The US reported better-than-expected Confidence and Housing data ahead of the FOMC decision. China’s support package…
USD/JPY Fumbles Ahead of Fed and Bank of Japan Decision
USD/JPY OUTLOOKUSD/JPY weakens on Monday ahead of two major events later in the week: the Federal Reserve’s interest rate decision on Wednesday and Bank of Japan’s monetary policy announcement on…
Weekly Market Outlook (24-28 July)
UPCOMING EVENTS:Monday: EZ-UK-US PMIs.Tuesday: US Consumer Confidence.Wednesday: Australia CPI, FOMC Policy Decision.Thursday: ECB Policy Decision, US Jobless Claims, US Q2 GDP.Friday: BoJ Policy Decision, US PCE, US ECI.Monday: The Eurozone…
XAU/USD bears pile in, threatening to crack the 50-DMA, eyeing $1830
Share: Gold price extended its losses in the session, down by 0.22{1ee39e3acc10434a15a890fd51cf667ef170c7688a3ed9fdd4a0306036aeb20d}. The University of Michigan’s Consumer Sentiment improved, while inflation expectations jumped for 2023. Gold Price Forecast:…
Events to Look Out for Next Week
Next week, all eyes will be on the inflation readings from US, UK and New Zealand, as the markets continue to digest tightening actions from…