Rand slides after President Trump tests positive for COVID-19

2020-10-02

  USD/ZAR analysis Beginnings USD The boost comes after Trump’s COVID announcement. Rand holds steady ahead Non-Farm Payrolls (NFP) Expected rise in U.S. election volatility could affect ZAR’s appeal. interview DailyFX Education Center Understand why news events are key to fundamental forex analysis. The South African rand has been inRead More →

EUR/USD meets another weekly close around 1.1850.

2020-09-18

  The euro opened at a daily high during the US session on Friday, but remained sideways. EUR/USD continued to fluctuate around 1.1850 and could not confirm the levels below 1.1800 or above 1.1900. EUR/USD is about to post small weekly gains hovering around 1.1850 at the end of Friday,Read More →

Cassava Technologies falls after record day, boost from analysts

2020-09-16

  Nasdaq:SAVA fell nearly 10% on Tuesday after rising nearly 90% earlier this week. Analysts raised their ratings after SAVA announced positive news about its Alzheimer’s clinical trial. NASDAQ:SAVA retreated Tuesday after nearly doubling in price on Monday, after Wall Street analysts were bullish on the biotech’s Phase 2B clinicalRead More →

NZD/USD shows signs of potential exhaustion

2020-09-09

  NZD/USD Analysis. Monetary policy conundrum adds uncertainty ahead of September RBNZ meeting. NZD/USD Rejected at the key weekly level around 0.6785. Signs of NZDUSD weakness. macd, RSI and bearish engulfment. IG client sentiment :Recent dovishness has invalidated the typical opposing sentiment view. NZD/USD faces resistance as RBNZ considers usingRead More →

Oil Price Outlook Mired by Rebound in Crude Production

2020-08-29

  Chart created with TradingView Oil Talking Points The price of oil pulls back from a fresh monthly high ($43.78) even though US Crude Inventories contract for six consecutive weeks, and energy prices may continue to consolidate over the coming days as the Organization of the Petroleum Exporting Countries (OPEC)Read More →