South African rand weakens as markets eye Trump-Xi summit outcome

South African rand weakens as markets eye Trump-Xi summit outcome
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South African rand weakens as markets eye Trump-Xi summit outcome
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Join OANDA Market Analyst Kenny Fisher & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. window.onSpotifyIframeApiReady = (IFrameAPI) => { const element = document.getElementById(‘oanda-spotify-embed-iframe’); const options = { uri: ‘spotify:episode:4I0v08ryEcuZ4SbNNSByQR’, width: ‘100%’, height: ‘240px’, }; const…
At the end of Friday, the Dow Jones (US30) Index was down 0.20% (for the week -1.83%). The S&P 500 Index (US500) closed unchanged (for the week -0.52%). The Nasdaq Technology Index (US100) was up 0.76% (for the week +0.96%). The Nasdaq Technology Index hit a new record high on Friday, driven by investor enthusiasm…
If you’ve spent time trading forex, you’re already familiar with how global events move currencies. But step into futures and commodities, and you’ll quickly find that energy markets, especially crude oil, are where macro trends, volatility, and opportunity all collide. Among the world’s oil benchmarks, two dominate: Brent Crude and West Texas Intermediate (WTI). Both…
The Japanese yen is in negative territory on Tuesday. In the North American session, USD/JPY is trading at 154.44 up 0.46% on the day. No clarity from BoJ summary of opinions The Bank of Japan summary of opinions indicated a lack of clear direction regarding the timing of a rate hike. This will leave traders…
UK100 ↑ 7% year-to-date One of best-performing indices in FXTM’s universe YTD Trump’s tariffs + UK data + BoE Bailey = volatility? UK jobs data sparked moves of ↑ 1.2% & ↓ 1.4% over past year Technical levels: 8846, 8800 & 8655 President Donald Trump has announced sweeping reciprocal tariffs on numerous trading partners! These…
As the chart of the US Dollar Index (DXY) shows, today the value is sitting near an important resistance level around 100.20 points. We highlighted this level earlier — including in our analytical post from 10 November. Fluctuations in the USD against other currencies are forming a configuration of two channels: → A blue bullish…