Key Takeaways: The South African rand has weakened due to both domestic and international factors. The South African Reserve Bank will not intervene to counter the recent depreciation of the rand. The US dollar has gained strength due to evidence of a tighter labor market, suggesting potential wage inflation and a more hawkish Federal Reserve.
There is a place on the internet, where you can buy the most popular EAs from the MQL market for $20. Does it work? It works awesome! – If you are the hacker behind it. Once in the past, a friend shared a web link with me, leading to a place on the internet where
Share: EUR/GBP oscillates around the 0.8647-0.8661 region in a narrow trading band on Thursday. Eurozone Retail Sales came in at -2.1% YoY in August vs.-1%, worse than expectation. UK’s S&P Global/CIPS Composite PMI and Services PMI for September came in above the market consensus. Traders will monitor the German Trade Balance for August
Number of traders net-short has decreased by 40.19% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Oil – US Crude BEARISH 51.94% 48.06% 10.99% Daily 44.11% Weekly -11.17% Daily -40.19% Weekly -0.89% Daily -14.09% Weekly of clients are net long. of clients are net short. Change
GOLD PRICE OUTLOOK: Gold prices traded slightly higher on Wednesday on U.S. dollar softness ahead of key U.S. economic data. The September U.S. employment report will steal the spotlight on Friday and will be key for financial markets. This article looks at XAU/USD’s key technical levels worth watching in the coming days. Most Read: USD/JPY
Last week’s decline in gold prices accelerated after the break of the current downtrend channel support. The last time Gold traded at such a low was six months ago, when the US regional banking crisis triggered an influx of buyers, pushing prices away from support around $1809. The biggest weekly loss in the last two
Number of traders net-short has increased by 0.38% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI USD/JPY BULLISH 12.43% 87.57% -40.95% Daily -41.87% Weekly -4.01% Daily 0.38% Weekly -10.94% Daily -7.94% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
Share: JOLTS report will be watched closely by Fed officials ahead of September jobs data. Job openings are forecast to hold steady at around 8.8 million on the last business day of August. US labor market conditions remain out of balance despite Fed rate hikes. The Job Openings and Labor Turnover Survey (JOLTS)
The dollar continues to run riot in the major currencies space, helped out by higher Treasury yields. It’s been quite the straightforward message since the breakout in the bond market but it does offer quite a bit of food for thought: The US may be entering an era of higher yields but the rest of
The m/m building permits data is encouraging, but the poor y/y trend takes much of the shine off. Australia job advertisements dipped 0.1% m/m in September. Despite being down that’s not too bad a result given the strong growth in August. Job ads are 50% higher than pre-covid levels — The focus for Australia for
