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USD/ZAR Price Forecast: Rand Lingers Ahead of CPI & SARB

Posted by By 18/07/2023Posted inForex
The ZAR keenly awaits South African CPI and the SARB interest rate announcement as USD/ZAR hovers around the R18/$ mark.
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Bitcoin (BTC/USD) Fades Lower as Bulls Tire, Support Coming Under Pressure

Posted by By 18/07/2023Posted inForex
After briefly touching $31.8k last week, Bitcoin has faded lower and may soon make a fresh attempt to break multi-week support.
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Retail and Institutional Sentiment in EUR/USD and GBP/USD Diverges Further

Posted by By 18/07/2023Posted inForex
Large institutional speculators have been positioned massively in favour of trend continuation, in contrast with IG client sentiment where reversal bets accumulate
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Gold Price Forecast: $1980 Beckons but Are Bulls Ready to Take Control?

Posted by By 18/07/2023Posted inForex
Spot Gold is enjoying a bounce this morning but faces stern resistance at last week's highs around the $1963 mark. Can US Retail Sales and US Earnings keep the precious…
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Dow and CAC40 Move Higher but the Nikkei 225 Continues to Struggle

Posted by By 18/07/2023Posted inForex
While the Dow is looking stronger ahead of more bank earnings, and the CAC40 is attempting to recover, the Nikkei is struggling to make headway.
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AUD/USD Price Forecast: RBA Minutes Unable to Prevent Thinning Aussie Dollar

Posted by By 18/07/2023Posted inForex
AUD continues to bleed against the USD due to Chinese economic factors and a mixed reaction from the RBA Minutes. 0.68 next up for bears.
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S&P 500 Outlook Over Next 1-2 Months: Broadening Participation Points to Further Gains

Posted by By 18/07/2023Posted inForex
Improving market breadth points to further gains in the S&P 500 index in the coming weeks as the earnings season picks up steam. What is the one-month and two-month outlook…
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Euro Ekes Out Gains as the US Dollar Reins in the Bears for Now. Where to for EUR/USD?

Posted by By 18/07/2023Posted inForex
The Euro printed a new high despite the US Dollar pausing in its descent going into Tuesday’s session with next week’s ECB and Fed meetings moving into view. Will EUR/USD…
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British Pound Ahead of UK CPI: GBP/USD, EUR/GBP, GBP/JPY Price Action

Posted by By 18/07/2023Posted inForex
The British pound is holding on to its recent gains ahead of the key UK inflation data as speculative long GBP positioning is at its highest level since 2014. How…
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Sentiment Awaiting Cues from Key US Earnings Releases Ahead: Brent crude, AUD/JPY, Natural Gas

Posted by By 18/07/2023Posted inForex
Wall Street started the new trading week on a positive footing, as risk appetite rose ahead of several key earnings releases this week.
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