Market Outlook 22/03/21

US equities were treated to a week full of fundamentals as we had an FOMC meeting which could be the catalyst to send the stock market on its way to new all time highs or could be the catalyst to send tech stocks even lower. Last week saw Fed Chairman Jerome Powell come out andContinue reading “Market Outlook 22/03/21”

XAUUSD – Time to Shine?

Yesterday was a massive day in the markets as we saw the FOMC statement & economic projections from the Federal Reserve. Rates were left unchanged with quantitative easing also being left unchanged at $120bln . The Fed’s stance remains accommodative and there has been further reiteration that we will have future guidance well in advanceContinue reading “XAUUSD – Time to Shine?”

USD/ZAR – Pullback Or Recovery On The Way?

Good day traders and welcome to another breakdown of USDZAR. Today, we’ll be taking a closer look at the fundamentals that coincide with the technicals that has been driving price downward.  On the weekly timeframe, there was an attempt at breaking the previous high of 19.33. A wick was left just short of that highContinue reading “USD/ZAR – Pullback Or Recovery On The Way?”