MARKET NEWS
Nov 21, 2023
USD/ZAR Price Forecast: Rand Susceptible to SA CPI & SARB
Rand prices stay firm after a lackluster few trading sessions as markets keenly await the FOMC minutes, South African CPI and the SARB rate announcement later this week.
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Nov 21, 2023
Gold (XAU/USD) Price Latest: Setting Up for the Next Leg Higher?
The US dollar continues to weaken and this is opening the way for gold to re-test the late October multi-month high
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Nov 21, 2023
RBA Minutes Reveal Motive Behind the November Hike
The RBA weighed up the pros and cons of hiking rates in November and decided it was crucial to anchor inflation expectations. Higher demand also seen contributing to CPI
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Nov 21, 2023
Dow, Nikkei 225 and CAC40 Continue to Make Gains
The Dow is at its highest level since the summer, while the Nikkei 225 is contemplating more gains to take it to a multi-decade peak, and the CAC40 has regained the 200-day moving average.
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Nov 21, 2023
GBP Price Forecast: Pound Gears Up for FOMC as Markets Process UK Borrowing
Pound prices stay elevated after UK public sector borrowing beat expectations but highlighted the persistent debt crisis. FOMC minutes next up for GBP/USD.
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Nov 20, 2023
Crypto Forecast: Will Bitcoin Have What it Takes to Break the $38k Mark?
Bitcoin faces a key test as ETF decision is delayed once more. Can the bullish momentum continue or is a deeper retracement toward the $35k mark growing more likely?
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Nov 20, 2023
Oil Price Forecast: Recovery Continues as Expectations for OPEC Cuts Grow
Oil prices are up around 7% from last weeks lows as speculation mounts over further cuts by OPEC+ who meet later this month. Immediate resistance poses a hurdle but overall sentiment may prove to strong.
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Nov 20, 2023
Gold Price Outlook: XAU/USD Starts the Week Lower, FOMC Minutes Next
Gold rallied last week to close in the black but takes a breather at the start of a slower week. FOMC minutes and reports of a new phase of the war offer potential catalysts
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Nov 20, 2023
Euro Price Forecast: EUR Bid on USD Weakness as Vulnerabilities Remain
EUR prices may be reaching their limit as the eurozone continues to show signs of weak economic growth. EUR/USD currently holding above 1.09.
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Nov 20, 2023
British Pound Latest: GBP/USD Testing 1.2500 on US Dollar Weakness
The US dollar is testing lows last seen at the start of September and that is giving cable another boost.
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