Beginner Traders News Today

Risk Assets continued their struggle today but did post late session recovery, as Gold prices felt the full weight of rising US Yields. Will the recovery late in the US session gain any traction?

The Yen continues to find temporary support from comments by both Japanese and BoJ Officials. Can the FOMC meeting finally trigger some FX intervention?

A look at the Reserve Bank of New Zealand and the role of central bank in maintaining price stability and promoting sustainable economic growth.

The Rand (ZAR) has lost ground against the greenback over the past two days despite broad-based US Dollar weakness. Double bottom pattern doesn’t bode well for the ZAR with key data ahead.

Spot Gold has held onto early week gains despite the US Dollar continuing to show strength this week. Will Fed Chair Powell add fuel to the renewed appetite from Gold Bulls?

USDZAR has rallied higher today despite the BRICS Bloc announcing its expansion plans. The inclusion of Saudi Arabia is sure to stir up de-dollarisation talks once more, but a lot of work lies ahead for the Bloc in that regard.

EUR/GBP failed to hold below the 0.8500 psychological level as consolidation looks set to return. Adjustments to rate hike probabilities do appear to favor further downside over the medium-term.

US PMI continued the trend today and missed estimates showing signs that the rate hike cycle is being felt. Canadian retail sales provided mixed signals with USDCAD eyeing Jackson Hole for its next move. Retracement incoming or consolidation ahead?