Fed

S&P 500

S&P 500 Index Little Changed As FOMC Decision Awaited

The S&P 500 index is marginally higher this Wednesday, as traders sit on the sidelines to await the decision of the Federal Open Market Committee (FOMC) of the US Federal Reserve later today. Apart from a 1% move of the Communications Services index, very little is happening with other sectors.  […]

USD/ZAR: Commerzbank Sees Medium Term Uptrend Above 14.58

The South African Rand has continued to weaken sharply against the greenback following the hawkish Fed statement last Wednesday. The USD/ZAR has faltered at the 14.28370 resistance in a choppy session on Monday after three days of sharp gains.  Commerzbank’s head of technical analysis for FICC assets, Axel Rudolph, predicts […]

USD/ZAR: Hawkish Fed, Disappointing Retail Sales Hit Rand

The South African Rand hit a 4-week low on the back of the hawkish Fed projections and lower-than-expected retail sales data. This has allowed the USD/ZAR to extend its corrective rally towards the 14.03 price level. On Wednesday, the Fed surprised the market with hawkish projections as it finally acknowledged […]

eurusd

EUR/USD Loses Ground As Core PCE Price Index Rises

The EUR/USD tumbled to fresh weekly lows around 1.2130-1.2135 after the US Core PCE Price Index rose by 3.1% annually for April, marking a 27-year high. This figure topped the market expectation of a 2.9% increase.This number accelerated demand for the greenback, but this demand appears to have been limited […]