South Africa makes only minor adjustments in third budget try

GBP/USD edged higher to 1.2549 last week but lost momentum quickly. Initial bias stays neutral this week first. While corrective rebound from 1.2099 might still extend, upside should be limited by 38.2% retracement of 1.3433 to 1.2099 at 1.2609. On the downside, break of 1.2248 support will bring retest of 1.2099 low. Firm break there…

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Crude oil futures are settling up $3.17 or 4.88%. The high price reached $68.33. The low price was at $64.63. Prices moved sharply higher late today after reports that naval support activity in Bahrain have been placed on high alert with dependents of servicemembers being told to prepare for evacuation. The reports are possibly due…

USD/CHF finishes the week on a lower note, down 0.87% for the week and 0.27% in the day, as markets turn optimistic about a possible US-Iran deal over the weekend. In the meantime, the technical picture remains bearish, as the pair tumbled below key moving averages, hitting a five-week low at 0.7775. USD/CHF Price Forecast:…

The S&P CoreLogic Case-Shiller Index, released on October 28, showed U.S. home prices rising just 1.5% year-over-year in August 2025. That’s down from 1.6% growth in July and marks the seventh consecutive month of slowing. It’s also the weakest growth since mid-2023. That might not sound dramatic, but to traders and economists, home prices are…