Forex

Yesterday the South African Reserve Bank voted to raise the interest rate by 75 bps after June inflation surged to 7.4%. ZAR attempts to claw back mass losses

GBP struggles, ranges set ahead of FOMC

The Bank of Japan bought a record amount of Japanese government debt last month as the central bank continues with its ultra-accommodative monetary policy.

EUR/USD bears are back at it this morning in reaction to weak EZ PMI data as markets await U.S. PMI’s later today.

The Nasdaq 100 soared as Wall Street continued recovering, setting the stage for continuation in Asia. Will the ASX 200 and Nikkei 225 push higher to finish off the week?

Bitcoin prices stalled after narrowly rising above resistance despite a softer US Dollar. Meanwhile, China continues to grapple with Covid as Australian PMIs show slower economic growth.

Developments surrounding the Relative Strength Index (RSI) point to a larger rebound the price of gold as the oscillator climbs out of oversold territory.

The S&P 500 and Nasdaq 100 rose for a third straight day on Thursday, posting their best close since early June, although market breadth was not particularly strong, inviting caution.

The US Dollar (via the DXY Index) is teetering along a key support level.

The Dow Jones surged 6.1% off the lows with the rally now approaching the first real test of downtrend resistance. The levels that matter on the DJI technical charts.