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Forex

South African Rand Crippled by Darkness, Driving USD/ZAR Strength

Posted by By 05/07/2022Posted inForex
South Africa continues to grapple with the wrath of power outages as loadshedding limits economic growth. US Dollar resilience holds ahead of FOMC minutes and US NFP, USD/ZAR climbs.
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British Pound Technical Forecast: GBP/USD Plunge Testing Key Support

Posted by By 05/07/2022Posted inForex
British Pound is testing a critical support zone that if broken, could unleash another bout of Cable losses. Levels that matter on the weekly technical chart.
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Germany 40 IG Client Sentiment: Our data shows traders are now at their most net-long Germany 40 since Mar 06 when Germany 40 traded near 12,900.50.

Posted by By 05/07/2022Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bearish contrarian trading bias.
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Nasdaq 100 Continues to Push Lower as Global Recession Fears Weigh on Sentiment

Posted by By 05/07/2022Posted inForex
Risk remains on the backfoot as recessionary fears continue to mount.
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

Posted by By 05/07/2022Posted inForex
The US Dollar has set a fresh 19-year-high to get a fast start to Q3 trade. EUR/USD has fallen below the 1.0300 handle and GBP/USD is testing below the 1.2000…
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DAX, DOW and FTSE Red as Sentiment Sours, US-China Optimism Fades

Posted by By 05/07/2022Posted inForex
Major indices trade lower as market sentiment sours and recession jitters return
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Cross Asset Forecasts for Q3 2022

Posted by By 05/07/2022Posted inForex
Get your quarterly forecasts for all major asset classes here.
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Gold Price Forecast: Major Drop in Sight as XAU/USD Tests Key Support

Posted by By 05/07/2022Posted inForex
Gold tests the key psychological level of $1800, threatening to break its 2-month long range
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British Pound Latest – GBP/USD Battered by US Dollar Strength

Posted by By 05/07/2022Posted inForex
The US dollar is running hot today, pushing a range of USD pairs to their limits, and GBP/USD is now just one big figure away from printing a fresh two-year…
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Euro Falls to Lowest Level Since 2002, EUR/USD Risks Parity

Posted by By 05/07/2022Posted inForex
Euro Selling Picks Up as Multi-Year Support is Breached
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