South African Rand Battered as UK Restricts SA Travel Ahead of the Holiday Period
USD/ZAR breaks above 16.00 as the UK moved quickly to put SA back on the red list. UK travel secretary adopts “safety first” approach to relatively unknown variant
XAU/USD Forecast: Gold Prices Rebound as COVID-19 Fears Take Hold
Spot gold prices surged on Friday as the new South African variant sent XAU/USD above the $1800 handle. Bullion could see a rally into year end should the virus intensify.
Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Oct 14, 2021 when Wall Street traded near 34,978.50.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since Oct 19, 2021 when Germany 30 traded near 15,510.80.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.
Global Stock Markets Slump, Risk Shunned on New Covid Variant Fears
News that the World Health Organization (WHO) is monitoring a new, highly mutated form of Covid-19 has sent global stock markets sharply lower in holiday-thinned conditions.
The Importance of Liquidity in Forex Trading
The FX market offers more liquidity than other markets, offering traders a unique advantage.
Currency Carry Trade: What is it and how does it work?
Learn how to calculate and implement currency carry trades in your forex trading strategy.
Crude Oil Sinks as US Dollar Soars Ahead of OPEC+. Will Supply Tap Out For WTI?
Crude went lower today as the growth outlook diminished due to a new variant of Covid-19 being identified. Can oil break out of the recent range?
What is the Best Time Frame to Trade Forex?
Is there a best time of day to trade forex? Find out how to choose a time frame based on your goals.
Australian Dollar Volatility Remains In-Check, Despite Big Beat On Retail Sales Data. Where to for AUD/USD?
The Australian Dollar remained steady immediately after retail sales data showed a large increase over the month of October. Can AUD/USD find support?