With one of the most important US Non-Farm Payroll data expected later this afternoon and the last for the year, markets will be looking at the recovery of the US economy. Read more.
Tags : us dollar
Mid-week was eventful for Gold as displayed in the blue shaded box on the chart below. On Wednesday, Fed Chair Powell was re-elected by President Biden to serve another term. Read more.
The lockdown regime in the Czech Republic will operate from November 22, 2021 and may last until February 2022. Czech Minister of Health Adam Vojtěch has proposed declaring a state of emergency in the country, but has not yet been supported by the government. Read more.
SARB increased the rate to 3.75% from 3.5%. However, investors may have decided that this is not enough against the background of relatively high inflation in South Africa. Read more.
Gold (XAU/USD) hit a 2 week low on Friday and on Monday trading the price stabilised however it was struggling to gain significant upward momentum. The precious metal was trading at levels around $1845 at the time of writing (12:00 pm). Read more.
On the daily timeframe, USDCHF: D1 bounced off the lower border of the ascending channel and is moving towards the upper border. Read more.
Vodacom Group - the JSE-listed telecoms giant that is looking to transform itself into a technology company - announced in its latest results released on Monday that the company added 6.2 million new customers in the six months ended 30 September 2021. This is across the group's business in Africa, including Safaricom on a 100% basis. This addition brings Vodacom's customer base to 129.9 million, within striking distance of the 130 million mark, which is likely to be surpassed in the current financial year. South Africa's largest mobile network operator also said in the results that it had added an additional 1.1 million data
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.
The financial markets are shaping up to a return of higher interest rates. With the US CPI year on year (YoY) print coming in at 6.2%, the highest inflation print in the last 3 decades, 31 years to be exact. Read more.
As the market grappled with a stronger dollar and concerns about rising U.S. inflation, oil prices ended slightly higher on Thursday. OPEC also cut its 2021 oil demand forecast due to high prices. Read more.
The technical analysis of the NZDUSD price chart on daily timeframe shows NZDUSD,Daily has breached below the 200-day moving average MA(200) which is tilting downward. Read more.
The dollar was pushing higher early today as markets anticipated the release of CPI (Consumer Price Index) figures for October. Read more.
