MARKET NEWS
Dec 07, 2023
ZAR Price Update: Rand Capitalizes on Weaker USD
Rand prices attempt to claw back recent losses against the US dollar today as markets prepare for tomorrow’s NFP report.
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Dec 07, 2023
​​​​Dow Edges Lower, while Nasdaq 100 and CAC40 Mixed
While the Dow is holding on to its recent gains, the Nasdaq 100 is unable to establish a clear direction. The CAC40 has tested trendline resistance from the April highs.
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Dec 07, 2023
EU Breaking News: EU GDP Revised Lower, Confirming Stagnant Growth
Europe’s growth prospects were pessimistic ahead of the third estimate for the GDP - a statistic that has edged even lower to confirm stagnant GDP growth from a year ago
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Dec 07, 2023
Japanese Yen Latest – USD/JPY Posts a Fresh Three-Month Low on BoJ Talk
Mixed messages from the Bank of Japan this week over the future course of monetary policy is boosting the Japanese Yen against a range of currencies
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Dec 07, 2023
GBP Price Forecast: UK House Price Index Rises for 2nd Consecutive Month
GBP/USD prices are attempting a pullback as UK house prices surprised to the upside as US labor markets come under the spotlight later today.
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Dec 06, 2023
Crude Oil Forecast: Prices in Freefall as Pivotal Technical Support Caves In
This article delves into the reasons behind oil’s recent selloff. The piece also examines the commodity’s technical outlook, analyzing critical price thresholds that should be on every trader's radar in the coming days and weeks.
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Dec 06, 2023
Bitcoin (BTC/USD) Price Forecast: On the Way to $50K or Retracement First?
Bitcoin takes a breather with key resistance resting at the $45k mark. Will Bitcoin experience a significant pullback as option markets hint at a push toward the $50k handle?
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Dec 06, 2023
Gold Price Forecast: Gold Rangebound as Indecision Reigns Pre-NFP, Silver Eyes Support
Gold’s failure to close below the $2020/oz support area yesterday prompting a retest of key resistance hovering at $2032/oz. Will the NFP print facilitate a new leg to the upside?
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Dec 06, 2023
US Dollar Price Action Setups: USD/CAD Tepid After BoC Decision, USD/JPY Wavers
In this article, we analyze the technical outlook for USD/CAD and USD/JPY, dissecting important price levels that could function as support or resistance in the upcoming trading sessions.
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Dec 06, 2023
S&P 500 Eases After Promising Gap Higher at the Open, Yields Hit 3-Month Low
US stocks opened higher, buoyed by lower US yields and a slightly weaker dollar but momentum and oscillating indicators pose a challenge to further immediate upside
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