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Turkish Lira Continues Blowout Nearing 20% Daily Decline, ZAR Caught in its Wake

Posted by By 23/11/2021Posted inForex
Turkish President Tayyip Erdogan’s support of rate cuts sends the Lira into a tailspin while the ZAR struggles to make headway in the aftermath despite recently raising rates
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Market Sentiment Data Send Bearish Signal for NZD/USD | Webinar

Posted by By 23/11/2021Posted inForex
Trader confidence remains high in the financial markets generally, but IG client sentiment data are sending out a bearish contrarian trading signal for NZD/USD.
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Gold Price Outlook – Sellers Remain in Control as US Treasury Yields Jump

Posted by By 23/11/2021Posted inForex
US Treasury yields moved higher on Monday after Jerome Powell was re-elected as Fed chair pushing the price of gold sharply lower.
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British Pound (GBP) Price Outlook: GBP/USD May Fall Further as USD Strength Persists

Posted by By 23/11/2021Posted inForex
The US Dollar remains firm as Jay Powell’s reselection as Fed chair brings a withdrawal of US monetary stimulus closer; that suggests a continuation of the current weakness in GBP/USD.
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EU Breaking News: Flash PMI Indicates November Expansion, Euro Higher

Posted by By 23/11/2021Posted inForex
The Euro gained on the back of better than expected flash composite PMI data for November, disregarding COVID-19 concerns. U.S. PMI in focus as EUR/USD ticks higher.
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Crude Oil Prices Still at Risk After Hitting 2-Month Low

Posted by By 23/11/2021Posted inForex
Crude oil prices may suffer deeper losses amid broad-based risk aversion across financial markets after the WTI contract hit a two-month low.
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US Dollar Leaps on Fed Re-Nomination Pumping Up Treasury Yields. Will USD Keep Going?

Posted by By 23/11/2021Posted inForex
The US Dollar tracked higher today as the market absorbed Jerome Powell getting the nod from Joe Biden. Can anything stop the Dollar train?
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Gold Looks to Defend Key 1800 Level as PCE Inflation Data Nears

Posted by By 23/11/2021Posted inForex
Gold is holding above the key 1800 level after prices drop hard following President Biden renominating Jerome Powell to lead the Federal Reserve. Bullion traders now turn their focus to…
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Euro Technical Analysis: EUR/USD, EUR/NOK. Levels to Watch

Posted by By 23/11/2021Posted inForex
The Euro recently made a new low against the US Dollar but has found support against the Norwegian Krone. Will divergence continue for the single currency?
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Nasdaq 100 Sinks, Dow Jones Outperforms after Powell Renomination. Nikkei 225 at Risk

Posted by By 23/11/2021Posted inForex
The Nasdaq 100 sank as the Dow Jones outperformed with rising Treasury yields after Fed Chair Jerome Powell was renominated by President Joe Biden. Ahead, the Nikkei 225 may fall.
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