South African Rand Dollar Forecast: USD/ZAR pauses at historical resistance – systemic risks remain high with FOMC on tap. US Dollar recovers against the Rand despite a potential banking crisis. South African Rand faces additional pressure as concerns over Monday’s national shutdown mount. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and …
USD/ZAR Pauses Ahead of National Shutdown & FOMC Read More »
Energy Prices Soar, German Power up 16%. Benchmark Year-Ahead Price Jumped 21%. Eurozone Retail Sales Ticked up in July but Downward Trend Remains. Year-to-Date Lows in Sight. DAX 40: Struggles as Nord Stream Shutdown Deepens Energy Woes The DAX struggled in early trade declining around 100-odd points before paring losses as we approach the afternoon …
DAX 40 Struggles as Nord Stream Shutdown Deepens Energy Woes Read More »
POUND STERLING TALKING POINTS European energy crisis grabs headlines leaving GBP exposed. U.S. economic data in focus today. GBP/USD FUNDAMENTAL BACKDROP Pound sterling trades marginally higher against the U.S. dollar this morning but recent news around the stoppage of gas flows via a major pipeline to Europe has stemmed fears around an impending energy crisis. …
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