Daily Market Analysis

This week began with several positive news which made investors feel confident about future global economic recovery.

Bitcoin has gained more than 60% since the middle of July and reached $50.000.

Netflix stock is one of those which underperformed during the first half of 2021, and it looks like it’s time to catch up.

This week is full of important news, starting with PMIs in the key economies, with Jackson Hole Symposium as a cherry on the top.

Daily Chart 4H Chart Gold began the week higher breaking multiple resistance areas, including 1780 followed by 1800 and closed yesterday's trading above 1800 for the first time since the flash crash that happened few weeks ago…

Weaker recoveries were seen in both the UK manufacturing and service sectors, with the latter recording the greatest loss of momentum since July.

Gold Daily Chart Throughout last week’s trading, gold traded within a tight range, but it also managed to hold well above its 1775 support area until the end of the week, while the technical indicators has improved over the past few days, including…

Daily Chart The US Dollar Index tried to break above 93…

What happened? Gold and cryptocurrencies demonstrate a correlation since 2021…

After an extremely volatile week in the markets, traders await the next steps of the USD and stocks. What drivers will move the assets next week? Lets’ find out!

The US economic releases came in with much better than expected today, adding further evidence for the Federal Reserve, a day after the FOMC Meeting Minutes…

The fresh resurgence of Covid-19 cases and Fed’s Meeting Minutes drove USD/ZAR above the psychological mark of 15.00.