Forex News

Gold Hovers, Market Eyes US Jobs Data for Clues

Gold Hovers, Market Eyes US Jobs Data for Clues

Gold Price Stabilizes: Gold (XAU/USD) sees modest buying in the South African market, remaining below the $2,000 mark amid a…

2023-11-03

Silver Prices Dip; Investors Eye Critical Support Levels Closely

Silver Price Movement: Silver prices in South Africa, tracked through the XAG/USD pair, are showing a bearish trend, with the…

2023-11-03

Silver Shines: Gains Hold Amidst US Dollar’s Post-FOMC Dip

Silver (XAG/USD) continues its upward trend from recent lows, currently trading around the R425.50 benchmark (from $23.00), influenced by the…

2023-11-02

Pound Rises as Bank of England Rate Decision Looms

Pound Sterling's Performance: The Pound Sterling (GBP) is gaining momentum ahead of the Bank of England's (BoE) anticipated decision to…

2023-11-02

GBP/USD Rises: What South Africa Needs to Know Now

GBP/USD Momentum: The GBP/USD currency pair is showing upward movement, nearing the 1.2200 mark, primarily driven by a noticeable weakening…

2023-11-02

EUR/USD Climbs: Key Takeaways for South Africa’s Wallets Today

EUR/USD Uptrend: The EUR/USD currency pair experienced an upward movement, influenced by the US Dollar's correction after the FOMC decided…

2023-11-02

Gold’s Rise in SA Reflects Global Tensions, US Indicators

Gold prices show a modest rise from the one-week low of $1,970-1,969 (R36,495-R36,476.50) but face resistance at the $2,000 (R37,000)…

2023-11-02

Oil Prices Slide: South Africa Braces for Economic Impact

Rising Open Interest & Volume: Crude oil futures market data revealed that traders increased their open interest positions for three…

2023-10-31

EUR/USD Slides: What It Means for South African Wallets

The EUR/USD pair is experiencing a downward trend, currently positioned below the 1.0600 mark, with potential support near 1.0550 and…

2023-10-31

GBP/USD Stabilizes: What’s Next for South African Traders?

UOB Group analysts observe GBP/USD entering a steady trading phase. Short-term forecasts suggest GBP could touch 1.2205 but might remain…

2023-10-31