• November 3, 2023
  • Market News
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S&P 500, NAS 100 Approaching Key Confluence Area. Can the Rally Continue?

US Indices have put in excellent gains this week but face a host of technical challenges ahead. Can Apple earnings and US Jobs data facilitate a clean break of the confluences area ahead?...
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  • November 3, 2023
  • Market News
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Gold Price Update: Bullish Momentum Wanes Despite Softer USD, Yields

Gold struggled to build on prior bullish momentum even after the dollar and longer-dated yields sank. Improvement in risk sentiment places gold on the sidelines for now...
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  • November 2, 2023
  • Market News
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EUR/USD Price Forecast: Euro Progresses as Markets Prep for NFP

EUR prices soared despite poor euro area PMI data as US jobless claims figures supplemented a weaker ADP employment change read yesterday....
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  • November 2, 2023
  • Market News
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Bank of England Leaves Rates Unchanged, GBP/USD Grabs a Small Bid

The British Pound nudged back above 1.2200 against the US dollar after the BoE left the Bank Rate unchanged today by a vote of 6-3....
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  • November 2, 2023
  • Market News
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USD Price Update: DXY Drops after FOMC and a Likely Peak in Rates

The Fed maintained their hawkish message but had something for bears too. Hot US data highlights risks to inflation, but soaring yields are likely to have capped rates...
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  • November 2, 2023
  • Market News
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Dow, Nasdaq 100 and CAC40 Continue to Rally​​​​

​​Indices have continued to make gains, emboldened by the Fed decision last night and an easing back in bond yields.​...
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  • November 2, 2023
  • Market News
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USD/ZAR Price Forecast: Rand Bolstered by Weaker Dollar

Rand prices continued to strengthen after the latest FOMC announcement left the US dollar on the backfoot. USD/ZAR now tests key support around R18.50/$....
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  • November 2, 2023
  • Market News
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EUR/USD, Gold Forecast: Powell Fails to Steer Markets Towards Another Hike. What Now?

The U.S. dollar could top soon in response to the Fed’s cautious outlook. This scenario creates an opportunity for EUR/USD and gold prices to trade higher, but the theory hinges on U.S. data weakening going forward....
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  • November 2, 2023
  • Market News
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Fed Stays Put, Keeps Hiking Bias; Gold & US Dollar Display Limited Volatility

The Fed held interest rates steady for the second straight meeting, but retained a tightening bias, signaling that future actions will be guided by financial conditions and the trajectory of the economy....
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  • November 2, 2023
  • Market News
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Oil Price Forecast: 100-Day MA Provides Support to WTI but Will it Last?

Oil prices attempted a recovery today and was up around 2%. The 100-day MA is proving a stumbling block at present but can it inpsire another bullish run?...
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