Gold dropped on vaccine rollout
XAU/USD has been falling due to market optimism. Will it keep moving down?
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EUR/USD remains strong
US stocks are set to extend Monday’s losses when markets open later, as concern about the spread of lockdown measures to tackle the pandemic returns to haunt cyclical stocks.
South Africa’s GDP and vaccine hopes drove ZAR up
USD/ZAR dropped to the low levels unseen since February as investors foresee the soon global recovery.
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CIBC anticipates USD/ZAR will end 2020 at around 15.15, and 2021 at 14.95.
AUD: near-term risks
The risk-on sentiment waned and added pressure on the AUD. Can we await a pullback from 0.74?
Will oil rally continue?
Oil has surged to March highs amid optimistic vaccine news and the peaceful presidential transition. Read to know forecasts!
Dow Jones hit record high. What’s next?
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