S&P 500, Nasdaq Reverse Early Gains as Investors Await Nvidia Results

US stocks started the day on the front foot but pulled back on the early optimism ahead of an important earnings announcement for Nvidia – the darling of the chip stocks

from DailyFX – Market News https://ift.tt/ikRDIrf
via IFTTT

USD/ZAR Forecast: Rand (ZAR) Firms as BRICS Summit Kicks Off

The Rand (ZAR) benefits with the BRICS summit under way. However, talks of de-dollarisation may be premature but there is a lot on the agenda for the Bloc with expansion plans the key focus.

from DailyFX – Market News https://ift.tt/J4MauSk
via IFTTT

Oil Price Outlook: Modest Chinese Stimulus Triggers Demand Concerns

A string of modest stimulus measures from Chinese policymakers raises doubts over oil demand from the world’s second biggest oil consumer despite softer US Dollar

from DailyFX – Market News https://ift.tt/o0Ikvdz
via IFTTT