South African Rand Sep '19 (T6U19)
South African Rand Futures Market News and Commentary
The dollar index (DXY00) on Wednesday fell -0.223 (-0.23%). Sep euro-fx futures (E6U0) closed up +0.0010 (+0.09%), and EUR/USD (^EURUSD) rose +0.0016 (+0.14%). Sep yen futures (J6U0) closed up +0.42 (+0.45%), and USD/JPY (^USDJPY) fell -0.45 (-0.42%).
The dollar index on Wednesday gave up overnight gains and turned lower on reduced liquidity-demand for dollars as stocks recovered from overnight losses and moved higher. EUR/USD recovered from early losses Wednesday and moved higher on positive Eurozone economic data.
U.S. stock indexes on Wednesday recovered from overnight losses and rallied to 1-week highs on hopes for a coronavirus vaccine. Early trial results from a vaccine from Pfizer and BioNtech showed that it is safe and prompted patients to produce antibodies against the virus. Stocks earlier tumbled in overnight trading after U.S. infectious-disease expert Fauci on Tuesday said the U.S. is "going in the wrong direction" in its effort to contain the virus, and t... Read more
- EURJPY Bounces Off 50% Fib Retrace of May-June Rally
The EURJPY is trying to firm going into today's European morning, remaining hesitant ahead of today's highly anticipated US Non-Farm Payrolls (NFP)...
- EOSUSD In A Bear Market! - Elliott wave analysis
EOSUSD can be trading in a big, bearish move labelled as a wave c, down from 2.90 level.
- Stock Index Futures Trend Higher
U.S. stock index futures are higher after the S&P 500 had its best quarter in over 20 years.
- EURUSD Wednesday forecast July 1
An uptrend will start as soon, as the pair rises above resistance level 1.1234, which will be followed by moving up to resistance level 1.1270 - 1.1281...
- USDJPY In For A Bullish Advance! - Elliott wave analysis
On the daily chart of USDJPY we see price unfolding a bigger A-B-C move, up from 101.16 level, which can belong to a bigger triangle consolidation.
- GRAINS COME ALIVE
Corn & Soybeans ARE BULLISH!