Weekly data: BoE to be watched after hawkish Fed
Markets have shifted somewhat away from the narrative of inflation since last week’s signals of earlier tightening from the Fed. This preview of data looks at GBPZAR, USDMXN and UKOIL.
ZAR
Technical analysis of GBPZAR
Pound-rand has been mostly steady this week as traders await news this afternoon from the South African Reserve Bank. This TA looks at the daily chart of GBPZAR.
Technical analysis of USDZAR
The rand is still strong this week against most majors as ‘risk on’ remains the prevailing mood. This TA looks at USDZAR D1 ahead of tomorrow’s balance of trade from South Africa.
Weekly forex data: trade, the BoC and the ECB
‘Risk on’ continues so far this week with improving demand around the world shown from record Chinese exports. Here’s a look ahead to data affecting AUDJPY and others this week.
Weekly forex data: claimant count change and the RBNZ
Joe Biden’s win in last week’s American presidential election has been very positive for shares and emerging currencies. This preview looks at claimant count change and other key releases this week.
Weekly forex data: GDP and the NFP
Very strong Chinese industrial profits as announced this morning have given stock markets a boost today. Traders are looking ahead this week to British and American GDP plus of course Friday’s NFP.
Technical analysis of GBPZAR
Negativity around UK-EU trade talks has driven pound-rand down despite a 51% drop in South African GDP in Q2. Here’s a look at GBPZAR H4.
Technical analysis of EUR-ZAR
New key areas might be established on H4 EUR-ZAR after huge gains this week. Check out this article for a summary of possible supports and resistances.
Fundamental analysis: four-year lows for ZAR amid risk-off mood
The rand reached four-year lows against some major currencies including the dollar this morning. Exness Education takes a look at some of the reasons for ZAR losses.
Weekly forex data preview
GDP growth in Germany and China are two key releases this week. Others include Turkey and the RSA’s central banks on Thursday.