Forex

USD/ZAR: What Next for the South African Rand After SARB Decision?

The USD/ZAR price declined slightly in the overnight session as traders reflected on the South Africa Reserve Bank (SARB) interest…

May 21, 2021, 06:02 BST

GBP/USD Outlook: Implications of the UK Inflation Data

GBP/USD is on a bullish consolidation pattern ahead of UK inflation data. Investors’ focus is on April’s retail sales; two…

May 21, 2021, 05:45 BST

USD Index Outlook: Bulls Eye Corrective Rally But Downside Pressure Persists

After a strong advance on Wednesday following the hawkish FOMC minutes, selling momentum returned to the USD Index (DXY) on…

May 20, 2021, 17:21 BST

USD/ZAR: A Preview of South Africa’s Interest Rate Decision

USD/ZAR is on a decline ahead of South Africa’s interest rate decision. According to a survey conducted by Bloomberg, economists…

May 20, 2021, 06:46 BST

AUD/USD: After Head-and-Shoulder Pattern, Where to Next?

AUD/USD is trading higher after mixed Australian job numbers. In Tuesday’s RBA meeting minutes, the Australian central bank noted that…

May 20, 2021, 04:41 BST

USD/ZAR Outlook: More Downside in Store if FOMC Minutes Are Dovish

The USD/ZAR strengthened slightly on Wednesday after South Africa's annualized retail sales figure came in at -2.5% for March 2021.…

May 19, 2021, 13:33 BST

USD/CAD Outlook Ahead of the Canadian Inflation Data

USD/CAD is trading higher ahead of the Canadian inflation data. However, it remains on a prolonged downtrend. As a commodity…

May 19, 2021, 12:08 BST

USD/ZAR: Implications of South Africa’s Inflation Data

USD/ZAR is trading higher by 0.14% after plunging in the previous session. Tuesday’s decline came as more Fed officials indicated…

May 19, 2021, 05:00 BST

GBP/USD on Bullish Consolidation Ahead of UK CPI Data

GBP/USD is on a consolidation pattern as investors await further cues from the UK inflation data. However, it has remained…

May 19, 2021, 03:49 BST

USD Index Dips Below 90.00 As Greenback Sees Heavy Offers Ahead of FOMC Minutes

The US Dollar Index (DXY) extended the decline on Tuesday with a 0.4% plunge, as the index that measures the…

May 18, 2021, 17:38 BST