OANDA Zain Vawda

OANDA Zain Vawda

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Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He has spent the last 3 years in an analyst role honing his skills across various financial domains, including technical analysis, economic data interpretation, price action strategies, and analyzing the geopolitical impacts on global markets. Currently, Zain is advancing in obtaining his Capital Markets & Security Analyst (CMSA) designation through the Corporate Finance Institute (CFI), where he has completed modules in fixed income fundamentals, portfolio management fundamentals, equity market fundamentals, introduction to capital markets, and derivative fundamentals. He is also a regular guest on radio and television programs in South Africa, providing insight into global markets and the economy. Additionally, he has contributed to the development of a financial markets course approved by BankSeta (Banking Sector Education and Training Authority) at NQF level 6 in South Africa.

Markets Weekly Outlook: Central Banks and US Earnings. Will the BoJ Hike Rates?

Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank mee...

2 months ago

Oil Price Reversal Ahead? Chart Patterns Indicate Possible Bounce at Support

Oil prices have faced challenges recently, but buying pressure prevented a drop below $80. Technical indicators suggest potential for an upward bounce, with key resistance levels to watch. Fundamental factors like Canadian wildfires, US stockpiles, and r...

2 months ago

Bitcoin (BTC/USD) Slips Following Mt. Gox Movements, ETH ETF to Go Live

Bitcoin prices have fallen from their recent high due to concerns over Mt. Gox repayments. Despite the drop in Bitcoin’s price, BlackRock’s spot Bitcoin ETF saw its largest inflow in over four months. From a technical standpoint, Bitcoin found support ov...

2 months ago

Bitcoin (BTC/USD) Soars Amidst Surging ETF Inflows

Increased investor confidence fueled by a $1.04 billion inflow into Bitcoin Spot ETFs. Bitcoin miners, particularly in the US, are accumulating Bitcoin in anticipation of another potential rally, with Marathon Digital Holdings aiming to significantly inc...

2 months ago

Crypto Update – Bitcoin (BTC) and Solana (SOL) Lead the Rebound

Bitcoin’s recent price drop is its largest since late 2022, but the current downtrend appears shallower than previous cycles. Factors contributing to the dip include Mt. Gox repayments and Bitcoin sales by the German government. Solana saw a boost follow...

2 months ago

Trump Courts Crypto Fans Amid Bitcoin’s Battle to Break $70k Barrier

Bitcoin’s price approached the $70,000 psychological mark but faced rejection. Open interest in Bitcoin futures’ has reached a new all-time high, suggesting that investor demand for the world’s largest cryptocurrency is increasing. Factors influencing Bi...

2 months ago

GBP/USD Stalls as Bulls and Bears Clash Ahead of Central Bank Meetings

The GBP/USD pair is currently experiencing a standoff between bulls and bears, with the pair clinging to support at the 1.2850 level. The upcoming Federal Reserve and Bank of England policy meetings are adding to market uncertainty, with the odds of a Bo...

2 months ago

S&P 500, Nasdaq 100 Slide Ahead of Microsoft (MSFT.O) Earnings

The S&P 500 and Nasdaq 100 continue their slide following underwhelming earnings reports and poor risk sentiment. Microsoft’s Q4 earnings are anticipated to be $2.94 EPS on revenue of $64.5 billion, with cloud revenue expected to reach $36.8 billion....

2 months ago

Gold, Crude Oil Prices Soar on Rising Middle East Tensions, FOMC Next

Gold and oil prices have surged due to rising tensions in the Middle East. Gold with a trendline break as bulls eye $2480/oz, FOMC meeting next. Brent crude oil found support around the 78.00 handle and is currently trading at 80.82 a barrel, with potent...

2 months ago

FOMC Rate Decision – Potential Impact on EUR/USD, GBP/USD and the Dollar Index

The market anticipates a shift in the Fed’s stance, with three rate cuts now expected in 2024 due to softening economic data. A soft landing remains possible as the labor market cools and inflation shows signs of easing. Technical analysis suggests GBP/U...

2 months ago

USD/CAD Price Forecast: USD Bulls Eye Breakout as DXY Shakes Off Post FOMC Haze

The Federal Reserve left interest rates unchanged, but the statement acknowledges a moderating job market and slightly elevated inflation, opening the door for a potential September rate cut. The US Dollar initially weakened after the FOMC meeting but ha...

2 months ago

Markets Weekly Outlook – ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus

Market expectations for a Federal Reserve rate cut decreased following mixed US data signals. The European Central Bank’s interest rate decision is a key event, with a 25 bps cut highly anticipated. The week ahead features CPI releases from several count...

1 day ago

S&P 500, Nasdaq 100 – Futures Hold High Ground as US Considers a Breakup of Google

The US Justice Department may force Google to divest parts of its business due to antitrust concerns. S&P 500 and Nasdaq 100: Despite market uncertainty, these indexes had a strong day on Tuesday, recovering from Monday’s losses. Following a disappoi...

1 day ago

Brent Crude – OPEC + Cuts Forecasts Again as Chinese Imports Fall, Brent Holds Above $78/Barrel

Brent oil prices have recovered to $78.30 despite OPEC+ downgrading demand growth forecasts and falling Chinese imports. China’s oil imports fell for the fifth consecutive month in September stoking demand fears.  OPEC+ revised its global oil demand grow...

1 day ago