GOLD'S PRICE EDGES HIGHER.
Gold's edges higher after hitting the monthly support a few weeks ago.
Look out ! Banking scams in South Africa?! With fraud on the rise
These are the banking scams you should look out for in South Africa right now – with fraud on the rise
Why Powell Still Sends Dovish Messages Under Escalating Inflation?
The latest Consumer Price Index (CPI) released by the U.S. reached a 13-year high at 5.4%, indicative of the severe inflation in the country.
South Africa’s best and worst digital banks according to customers
InSites Consulting South Africa today revealed the results of its annual SITEisfaction survey, which shows the behaviour and experience of online customers using South Africa’s six main consumer banks: FNB, Capitec, TymeBank, Nedbank, Standard Bank and Absa.
Influences of Reflation Transaction on Financial Market
Many fund managers and traders have played up the notion of reflation transactions over the past year under the climate of escalating inflation worldwide. However, changes and reversals of reflation transactions in the past have caused them to be partially unprofitable.
Wanna Earn Million Dollars in FX Trading? 21-week Habit for Stable Profit Matters
Every investor wants to make a steady profit in trading, and aspires to make a million dollars from the forex market. Before reaching this goal, it is necessary to develop a short-term habit of 21-week stable profit, followed by the 21-month habit. Financial trading features both simple and complex process. So the key is we wanna make it easy or intricate.
FOMO: Tradings and Emotions
Like every other known business out there that involves a form of currency, forex trading has its risks. In trading, it is feasible to lose huge sums if the market turns against you, this turn of events is what would also make you win trades. The different types of risks involved in the buying and selling of currencies around the world should open up the minds of traders to the possibility of losses and sometimes wins in currency and foreign exchange swaps. It has been discovered that most of the time, traders take uncalculated risks ad a result of an imbalance in their emotions.
4 ULTIMATE HACKS FOR COMBINING FOREX TRADING WITH A FULL-TIME JOB
Forex trading is an interesting source of income: to many it is a full-time job, while to others, it is barely a second source of income or a ‘side hustle’. Managing a trading career with your regular job may be draining, mainly because a lot of time management will be required for you to achieve excellent results at both. If you’re struggling at combining your trading with your job, you need to understand that it is possible to do both. Fortunately, in this post, I present you a carefully curated list of 4 ultimate hacks to getting excellent at both.
JAPANESE YEN WEEKLY OUTLOOK FOR 12-16/07/ 2021
The Japanese Yen has been weak for a long time, making other currencies rally against it in the past few months. But things have started to change. Unlike other countries, Japan didn't close the border during the lockdown and also didn't give the vaccine on time as they wanted to carry out more tests on the vaccine. It was reported that 26% of the population has been vaccinated with at least one dose and 15% have been fully vaccinated.
EUR/USD Weekly Forecast: Growth Concerns Will Likely Support The safe-Haven Dollar
● Central banks will continue to support economies, despite the better economic shape. ● Risk aversion dominated financial markets as Delta variant menaces progress. ● EUR/USD is bearish in the wider technical view as long as it holds below 1.2000.
GBP/USD WEEKLY ANALYSIS – 12TH – 16TH JULY
GBP/USD has proved abortive to make use of the reopening in the UK. The dollar reigned highest, almost independent of bond yields and some Fed caution. Top-rated US consumer figures and Britain's jobs report are now anticipated – together with growing fears of the Delta variant on both sides of the pond.
UAE is Throwing a Tantrum but More Likely to Make a Compromise
A regular meeting scheduled for July 5th by the Organization of the Petroleum Exporting Countries (OPEC) was unexpected to end up with nothing in the agreement to the increase in production even if the initial intention of the session was the deliberation of boosting outputs.
How to Spot a Forex Scam？
Today we will be discussing how to spot forex scams, we will give you insights so that you get aware and avoid scams.
Reasons for and Influences from Plummet of U.S. Bond Interests
The U.S. 10-year bond interests dropped after peaking in the early second quarter, thus causing DXY to decline whereas leading gold prices to a great rally. However, the steady slump in bond interests has seen DXY fully rebounding recently. What causes the continuous downtrend of the U.S. bond interests? Why has DXY not been adversely affected by the plunge this time?
BRENT CRUDE OIL PRICE KEEPS RISING, HITS TWO YEARS HIGH AT $76 PER BARREL.
Brent crude oil has been on a hot streak since the beginning of the year - and it keeps rising. The price of Brent crude oil has added more than 11% since May, hitting two years high last week. Brent crude oil's price has gained over 50% since the start of the year
XAU/USD weekly forecast: More bulls to come?
AU/USD traded in a relatively broader range this week. However, the price remained practically unchanged, remaining as close as possible to the level of $1787 per ounce. Two weeks earlier, the precious metals market sank heavily and so far, cannot return to its recent levels. Moreover, following the June meeting, the US FOMC changed its position on high inflation in the country, so it premeditated to increase interest rates by 0.25 basis points twice in 2023.
EUR-USD Forecast – Weekly: 5th – 9th July
The crucial publication looks to have had one specific aim in markets – activating a bearish dollar retracement. The United States increased jobs than projected, 850k. Though, a modest wage advance at 3.6% and the absence of significant bullish retracement are sufficient to induce a bullish advance.
The Dollar Reverses Lower: Is this Real?
The dollar’s bounce extended further than we expected, helped by an aggressively hawkish view of the Fed, which has seen the market price in more than one hike before the end of next year.
GBP-USD Weekly Forecast: 5th – 9th July
US data was to some extent assorted. The ISM Manufacturing Purchasing Managers' Index fell short of projections, but weekly Unemployment Claims and ADP's private-sector jobs statistics surpassed expectations.
Potential Devastating Fallout from Possibly Uncontrollable Inflation in U.S.
Inflation in the U.S. has been underestimated by the Federal Reserve (Fed), thus resulting in a potential economic decline again, warned by Mohamed Aly El-Erian, the chief economic adviser at Allianz. However, his view is not fully shared by others in the financial market, and my opinions are presented herein.