POUND STERLING ANALYSIS & TALKING POINTSUK CPI throws a spanner in the works.BoE could go either way tomorrow.May swing low under threat at 1.2308. GBPUSD FUNDAMENTAL BACKDROPThe British pound is setting up for the Bank of England (BoE) interest rate announcement on Thursday (see economic calendar below). The build up to this particular risk event
Weekly Columns & Special Reports
USD/CAD ANLAYSIS & TALKING POINTSCanadian CPI report keeps BoC on their toes.Fed rate announcement up next tomorrow.USD/CAD approaches 1.3371. CANADIAN DOLLAR FUNDAMENTAL BACKDROPThe Canadian dollar gained traction after Canadian CPI showed elevated inflation (see economic calendar below) on both core and headline prints (YoY). A major contributor has been the upside rally in crude oil
20 Sep: Bitcoin Posts a Contemporary Three-Week Excessive as Momentum Builds, Ethereum Underperforms
Bitcoin (BTC) and Ethereum (ETH) Prices, Charts, and Analysis:Bitcoin is rallying ahead of Wednesday’s FOMC meeting.Open interest is moving higher.Learn How toTrade Cryptocurrencies Bitcoin is back above $27k today as open interest in the largest cryptocurrency by market cap continues to build. Monday’s rally saw Bitcoin OI increase by over $1billion before falling back sharply
OIL PRICE FORECAST:Oil Continues to Advance as Supply Concerns and a Potential Rebound in Demand Keep Prices Elevated.Saudi Energy Minister to Provide a Further Update this Week on the Potential for Further Cuts or an Extension into 2024.IG Client Sentiment Shows Traders are 64% Net-Short on WTI at Present, Down from 79% on Thursday Last
RAND TALKING POINTS & ANALYSISSA inflation to provide SARB with valuable information.Both SARB and Fed to keep rates steady.USD/ZAR trades at a key inflection point that could break either way depending on incoming data. USD/ZAR FUNDAMENTAL BACKDROPThe rand faces an important week ahead as traders prepare for both Federal Reserve and South African Reserve Bank
USD/CAD TECHNICAL ANALYSISBetween mid-July and early September, USD/CAD embarked on a robust uptrend, but the pair encountered resistance near the psychological 1.3700 level before reversing lower just as oil broke out to multi-month highs, a development that added some support to the Loonie given Canada’s high sensitivity to energy markets.Following the recent setback, USD/CAD is
RAND TALKING POINTS & ANALYSISSA mining data , US PPI, retail sales and jobless claims data pool together to limit rand upside.Michigan consumer sentiment the focal point tomorrow.USD/ZAR seeks fundamental catalyst as prices hover around key resistance zone. USD/ZAR FUNDAMENTAL BACKDROPThe rand has been steadily depreciating against the USD throughout the European session stemming from