Terence Hove

Terence Hove, a Financial Markets Analyst with multi-asset brokerage firm Exness completed his BBusSci: Economics at Monash University. With over 8 year experience within financial service his expertise is well developed in financial markets analytics and trading. Exness is an industry leader that provides reliable online trading in financial markets. Exness offers professional services on the above-mentioned assets, please follow the link to learn more on the offering exness.com

Breaking News

Overall market expectations this week

Gold retreated from a bullish week on Fed Governor Waller hawkish comments on the need for faster tapering of the quantitative easing (QE) program. Subsequently markets have had an upshift in the expectation of the US interest rate path going into 2022. This expectation has also been reflected in the Treasury yields curve with a steepened front end with the belly and the long end of the curve flattened. Read more.

Breaking News

The South African Rand (ZAR, Rand) In Focus

The South African Reserve Bank (SARB) Governor Lesetja Kganyago yesterday announced that the Monetary Policy Committee (MPC) voted 3 – 2 to hike the repurchase interest rate (repo-rate) by 25bps setting the benchmark interest rate to 3.75% from 3.5%. Read more.

Breaking News

The week ahead – seeking direction

The US Fed hiking cycle will have implication to the precious metal Gold, XAUUSD. Generally a reduction is stimulus and hiking of interest rates tend to put upward pressure on bond yields, currently the US10-yr Treasury is trading at 1.5550. Read more.

Breaking News

The Week ahead

Crude Oil is back above $85 per barrel and the market is pricing in earlier interest rate hiking in the US. It may seem the effects of the once termed “transitory inflation” are lingering longer than anticipated. Read more.

Cryptocurrency News

Cryptos and the Future Ahead

Buy the dip, sell the bounce. That seems to be the narrative with crypto currencies when they experience a sharp move down. Investors and traders will reflect on the missed opportunity to have bought some cryptos including Bitcoin (BTC) and Ethereum (ETH) on the sharp moves down earlier in September. Read more.