Is there a forex crisis in South Africa?
The amount of Forex scams is increasing, as trading is becoming a trend throughout South Africa. The trend started in 2015 and has had a steady incline ever since. The scams become a lucrative option when brokers started using the internet to market this lavish lifestyle and career path.
EUR/CHF TECHNICAL FORECAST UPDATE. PRICE BACK INTO THE PREVIOUS RANGE.
EURCHF has been on my watchlist for the past few weeks. It's playing out according to plan. Price broke out of the daily range last three weeks but it came back into it nicely, using the 200-day MA as support.
Trading FX in South Africa
Trading on the foreign exchange market can be extremely difficult and complicated. There are so many factors involved and so many things to choose from.Currency pairs are the first thing many Forex hear about and begin trading. A currency pair is taking the price value of one currency and comparing it with another.
Strong USD: Sluggish Aftermarket of These Currencies
The main reason for the situation where DXY has seen a steep slump after its rapid growth is the dovish message unexpectedly sent by Powell, the chair of the Federal Reserve (Fed), last week. According to him, the interest-rate hikes will not be ahead of schedule, which makes the financial market worry again about the possible slowdown in the delisting of the Fed.
AUD/USD Weekly Forecast: Risk-on Support the Aussie, US Employment May Change the Picture
Record highs in Wall Street amid an upbeat mood underpinned the AUD. Softer than anticipated Australian macroeconomic figures capped the upside. AUD/USD modest recovery is not enough to grant further gains ahead.
Gold Weekly Forecast: XAU/USD poised to extend slide after breaking key supports
●Gold lost more than 5% on a weekly basis for the first time in a year. ●Unabated USD strength on FOMC’s hawkish shift dominated financial markets. ●The next target on the downside is located at $1,756.
EUR/USD Weekly Forecast: Dollar can Easily Resume its Upward Rally
After sharply appreciating following the US Federal Reserve announcement, the greenback corrected lower this past week. The EUR/USD pair recovered from a two-month low of 1.1846, to settle at the 1.1960 price zone, falling short of losing its bearish potential.
USD/JPY Weekly Analysis: Fundamentals increase hopes – 28th June – 2nd July
USD/JPY attains maximum trade and close after the pandemic panic.
AUD/USD Weekly Analysis:AUD at a delicate level, US employment data can turn situation
AUD at a delicate level, US employment data can turn situation around 28th June – 2nd July Wall Street record highs despite an increased mood supported the aussie. Below-expectation Australian figures topped the bull side. Modest AUD recovery is not sufficient for further rally
Broker Clones
Brokers often get cloned, especially if they are good and reputable brokers. A broker clone is a broker who has copied another reputable broker and is looking to scam its clients.
Delisting of Federal Reserve: Gold Prices See Slump Again?
Gold prices have witnessed a steady decline in the wake of peaks since August last year even hit USD 1676.73 because of strong USD and the surge of the U.S. bond interests in the first quarter.
South African Forex news
South African Forex is still at a very early age in its conception, as the platforms used to trade were developed not to long ago. Forex education, the most important part, is still under development, and this serves as a huge barrier to traders, as there is so much fake education flooding the market.
Hawkish Monetary Policies by Federal Reserve Assist USD to Retake Its Place
The Federal Reserve (Fed) has ultimately faced the reality in the wake of its meeting last week. Monetary policies have turned to be hawkish for the first time after being dovish over the past year when COVID-19 raged on, leading USD to a strong rally.
Despite Fed’s Turn to Hawkish Policy, DXY May Not Soar Without Yellen’s Effort
With Yellen’s pressure again, Powell and members of the Federal Reserve made a compromise by opting for a hawkish monetary policy. Yellen said early June that interest increase is a good thing for the Fed, implying Powell would be replaced at the end of his term of office next February, if he still pays no attention to the inflation with a continuously chilled and negative attitude.
Ponzi Scheme by IDS International: Some Ringleaders Are Arrested!
Some culprits who orchestrated the Ponzi scheme of IDS International are under arrest.
Gold crashed as the U.S. expects more inflation. Another opportunity to buy?
The price of Gold fell last week as the May’s Consumer Price Index (CPI) report showed inflation hitting a 13-year high. The Federal Reserve Chair Jerome Powell acknowledged the inflation could run higher than planned in the short term. He further clarified that “longer-term inflation expectations are anchored at a place that is consistent with our goal.” The market gave a ‘vote of confidence,’ causing the U.S. dollar to rise against other major global currencies.
AUD/USD Weekly Forecast: Bearish Breakout Hints at Further Downward Slide
●US Federal Reserve’s hawkish surprise spurred demand for the American currency. ●Upbeat Australian employment figures fell short of twisting RBA’s hand. ●AUD/USD turned bearish in the long-term, additional declines expected next week.
Weekly Forecast - EUR/USD – 21st – 25th June
The pair - EUR-USD - plunged to 1.1846, its deepest in two consecutive months, and ended the week very close to such a low. United States Federal Reserve engraved life to the forex markets with a bullish shock, which increased requests for the buck.
Weekly Forecast - GBP/USD 21st – 25th June 2021
Hawkish Fed – these words have seldom been printed together when the sudden alteration from the earth’s most authoritative bank has been enhancing the buck. For GBP-USD, the decision now swings to the BoE, which needs to consider economic hopefulness and the widespread of the covid virus.
ZAR weakens against USD
The USD has been seeing bad days these past few weeks due to its inflation rates being at their highest since August of 2008. This came after the Federal Reserve had made statements back in March suggesting that the sharp rise in inflation rates was only temporary. The rates continued to rise and consumer prices were still on the increase, with gasoline seeing over 50% increase from the previous year, inflation rates were well above the Fed's projected 2%.
Popular tags
Latest News
How Crypto Trading Transforms FX and CFD Brokerage Industry
WikiFXFCA Warns Against 10 Unlicensed or Clone Firms
WikiFXCySEC Warns Against 14 Unlicensed Investment Websites
WikiFXTop Currency Pairs to Watch for Profit This Week - March 31, 2025
WikiFXWill natural disasters have an impact on the forex market?
WikiFXPhilippines Deports 29 Indonesians Linked to Online Scam Syndicate in Manila
WikiFXExposed: Deceptive World of Fake Trading Gurus – Don’t Get Fooled!
WikiFXAI-Powered Strategies to Improve Profits in Forex Trading
WikiFXStock Market Trading Volume Drops by 97.58 Billion Naira This Month
WikiFXWhy does your mood hinder you from getting the maximum return from an investment?
WikiFX