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Dow Jones Tries to Turn Green on Upbeat Consumer Sentiment Data
DJI PRICE OUTLOOK: DOW JONES INDUSTRIAL AVERAGE CLAWS BACK LOSSES ON UPBEAT CONSUMER SENTIMENT REPORTDow Jones pivots higher with the S&P 500 and Nasdaq owing to consumer sentiment dataConsumer sentiment data for September showed improvement and topped...
ZAR Strengthens as SARB Signals End to Rate Cuts
USD/ZAR Analysis:USD/ZAR continues bearish momentum as SARB keeps rates on hold: Repo Rate remained at 3.5% Inflation close to the midpoint of the 3% - 6% target band and commodity prices remain elevated (positive for SA exports) Implied policy rate path...
Brexit Trade Talk, New Lockdowns and UK Retail Sales Data
GBP/USD Price, Chart and Analysis:EU/UK trade talks given hope.Localised lockdowns near as COVID-19 continues to spread.UK retail sales boosted by online sales.For all economic data and events, see the DailyFX Calendar.Sterling took a sharp leg higher Thursday...
EUR/USD Selloff Ahead? Biden-Trump Spread Narrows
2020 Election, Biden-Trump Spread, EUR/USD - Talking PointsBiden-Trump spread narrowing as mega donors start heavily injecting cashPolitical volatility may start to build up heading into the presidential debateEUR/USD could be at a trend-defining point after...
Gold Price Continues to Rebound from 50-Day SMA Following FOMC
Gold Price Talking PointsThe price of gold continues to trade within the monthly range following the Federal Reserve interest rate decision, and current market trends may keep the precious metal afloat as the crowding behavior in the US Dollar persists in...
Crude Oil Price Climbs to Test 50-DMA in Wake of OPEC+ Update
OIL PRICE OUTLOOK: CRUDE OIL REBOUNDS INTO RESISTANCE AMID OPEC+ REPORTOil price action responded positively to the latest OPEC+ update from top energy ministersThe commodity has advanced 10% so far this week but still trades down month-to-date An ominous...
