USD/ZAR: South African rand poised for strength as BofA sees parallels to 2003 rally

If you’ve been watching the yen lately, you’ve noticed that USD/JPY, the currency pair that tells you how many yen one dollar buys, has risen to a number that makes Japanese officials nervous: 160. Right now, the pair is trading around ¥159–159.54. Traders consider this an “Intervention Zone,” an area where the Japanese government has…

Occidental Petroleum (NYSE: OXY) is gaining momentum in recent weeks due to global events. Today, we inspect its current Elliott Wave structure. This analysis highlights the next high-probability path for the stock. Elliott Wave Analysis OXY dropped 54% from its 2022 peak in a three-wave zigzag structure. This decline marked wave (II), bottoming at $34.78…

Today’s Bank of Canada rate decision reveals a potentially shifting monetary policy landscape, potentially setting up AUD/CAD for a top of range reversal in the short-term. With the BOC delivering a “hawkish cut” that acknowledged persistent inflation concerns while still lowering rates by 25bps to 2.75%, the Canadian dollar is showing resilience despite broader…

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oneZero said Thursday that it has appointed Adam Collins as Head of Institutional Sales for the Americas and EMEA, strengthening its leadership team as it looks to expand across key growth regions. Based in Somerville, Massachusetts, oneZero is a global provider of multi-asset enterprise trading technology.  In his new role, Collins will oversee the firm’s…

By David Shepardson and Andrea Shalal WASHINGTON (Reuters) – The first U.S. presidential debate between incumbent Joe Biden and Republican rival Donald Trump on June 27 will include two commercial breaks, no props and muted microphones except when recognized to speak, CNN said Saturday. In May, the candidates agreed to face off in two debates…