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Dow Jones New York Stock Exchange

S&P 500 Index May Head Lower Before Hitting New Highs

The S&P 500 index took a break from yesterday’s all-time highs and is now a tad lower. The dip occurred despite markets receiving a huge dose of risk-on sentiment, as investors in the US markets continue to have some jitters about surging coronavirus infection rates in the US and the […]

USDRUB: Ruble Benefits from Bearish Dollar, Carry Trade

The Ruble continues to gain traction against the US Dollar, posting 0.37% gains against the greenback on the back of rising crude oil prices. Brent crude is up 0.10% as of the time of writing, extending gains on the black gold for the 7th straight session. This has helped propel the […]

USDZAR

USDZAR: Why Has the Rand Recovered Today vs the Greenback?

The Rand has recovered from yesterday’s drop which was triggered by the discontinuation of its rollout of the AstraZeneca vaccine. The cessation of the rollout occurred after the South African government said it would seek scientific advice on how to proceed with its vaccination program following a trial that indicated […]

GBPUSD

GBP/USD Forecast: What Happens After the Bullish Breakout?

The GBP/USD price broke-out yesterday as investors continued to react to the overall weaker US dollar. The uptrend has continued today, rising by about 0.25%. What happened: The GBPUSD started last week when the US released relatively weak jobs numbers. The economy added more than 40,000 jobs in January, worse […]