Rand prices have stalled post-FOMC as it awaits additional economic data later today. USD/ZAR bears now look to take out the 200-day MA and head towards R18.50/$.

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This article focuses on the technical outlook for major U.S. dollar pairs such as EUR/USD, USD/JPY and GBP/USD, examining key price levels after the Fed’s dovish pivot.

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GBP is vulnerable ahead of tomorrow’s BoE meeting following a week of soft data. Will the BoE outdo the Fed with rate cut expectations?

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The Fed held interest rates unchanged for the third straight meeting and signaled that it may deliver 75 basis points of easing in 2024, a dovish outcome for U.S. yields and the dollar.

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Oil prices shook off the COP28 deal to phase out fossil fuels as OPEC+ doubles down on its demand forecasts for 2024. Will the IEA report due tomorrow concur with the cartel?

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