Forex

USD/ZAR price action exhibits caution as markets look forward to the U.S. NFP release tomorrow while commodity prices help prop up the rand

The US dollar is consolidating its recent gains after a clutch of Federal Reserve members reiterated the central bank's view that inflation remains elevated and sticky.

Bank of England expected to deliver the largest rate hike in over two decades.

Crude oil prices are at 6-month lows as inventory data reveals a slowing of demand that may have prompted OPEC+ to hot pause on any meaningful add to production.

A risk-on APAC trading session is weighing on the USD, allowing gold prices to rise. A brightening economic outlook may soon illicit stronger FOMC rate hike bets, potentially threatening XAU.

The Japanese Yen has lost ground against the US Dollar after making a 2-month high this week. If USD/JPY gets above nearby resistance, is there enough momentum for a new…

The opening range for August raises the scope for a further decline in AUD/USD as the exchange rate retains the series of lower highs and lows from earlier this week.

The New Zealand Dollar rose, taking advantage of a broadly weaker US Dollar that fell as market sentiment improved overnight. APAC traders are watching today's trade numbers out of Australia.

The price of gold may track the negative slope in the 50-Day SMA ($1791) as it fails to push above the moving average.