USDZAR leaps 0.75% today after the data from South Africa disappointed greatly. Q3 GDP contracted by 0.6% quarterly which means than annual growth slowed to just 0.1% from 0.9% in the second quarter. South Africa has been mired in low growth since 2015 and the data expose the economy to risk of recession again. USDZAR is rebounding from 14.50 support without a tangible resistance up to 15.00.
Wall Street starts the new week with mixed sentiment in reaction to macroeconomic data and comments from Jerome Powell, which support the Fed’s...
17:15USDIDX is approaching 100-period EMA (dark purple) on M30 interval after the US Senate narrowly passed Donald Trump’s “big, beautiful bill,”...
16:15Wall Street is going back to cautious as strong labour market data and status-quo-reaffirming remarks from Fed’s Chair Jerome Powell push back the...
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