MARKET NEWS
Nov 23, 2023
ZAR Breaking News: Rand Unmoved by SARB Pause
Rand prices barely moved after the SARB Governor Lesetja Kganyago announced the MPC decision to keep interest rates on hold.
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Nov 23, 2023
British Pound Latest: GBP/USD Boosted by Positive PMI Data
UK business activity turned higher in November, according to the latest S&P Global flash PMI report, and that’s giving Sterling a boost across the board.
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Nov 23, 2023
FTSE 100, CAC 40 and DAX 40 Quietly Advance in Low Volume Trading​​​
​​Outlook on FTSE 100, CAC 40 and DAX 40 amid manufacturing and services PMIs and as US markets are shut for Thanksgiving.
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Nov 23, 2023
EUR/USD Price Update: German PMI Points Towards Shallow Downturn
German manufacturing and services sectors have contracted as the economic situation in the EU’s manufacturing hub has withered. However, November’s data eases
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Nov 23, 2023
AUD Price Forecast: Aussie Dollar Shakes Off Weak PMI's
AUD prices are bid this morning despite Judo Bank PMI’s reaching fresh yearly lows as Thanksgiving Day is expected to result in muted trading today.
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Nov 22, 2023
Australian Dollar Price Action Setups: AUD/USD, GBP/AUD
RBA Minutes keep the Aussie Dollar supported. Technical outlook and potential setups for both AUDUSD and GBPAUD.
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Nov 22, 2023
Gold Price Forecast: Rejection at $2000 Level Leaves the Door Open for a Move Lower
Gold’s failure at the $2000 hurdle leaves the precious metal vulnerable to a deeper retracement. Will the lack of liquidity expected the rest of the week help minimize the losses?
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Nov 22, 2023
Oil Price Update: OPEC Delays Meeting and EIA Storage Data Rises Again
EIA Crude storage data builds on prior weeks’ levels as a pessimistic economic outlook weighs on future demand. OPEC + Postpones Meeting to 30th of November
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Nov 22, 2023
UK Autumn Statement: Tax Cuts, Business Investment and Debt Reduction
Jeremy Hunt delivered his statement for growth which saw tweaks to national income taxes, uprated benefit payments and a massive incentive for business investment
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Nov 22, 2023
JPY Price Forecast: BoJ Hopeful for Softer USD
USD/JPY swiftly recovered yesterday’s downside move but US economic data could aid in a bullish yen outlook.
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