​​Indices have continued to make gains, emboldened by the Fed decision last night and an easing back in bond yields.​

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Rand prices continued to strengthen after the latest FOMC announcement left the US dollar on the backfoot. USD/ZAR now tests key support around R18.50/$.

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The U.S. dollar could top soon in response to the Fed’s cautious outlook. This scenario creates an opportunity for EUR/USD and gold prices to trade higher, but the theory hinges on U.S. data weakening going forward.

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The Fed held interest rates steady for the second straight meeting, but retained a tightening bias, signaling that future actions will be guided by financial conditions and the trajectory of the economy.

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Oil prices attempted a recovery today and was up around 2%. The 100-day MA is proving a stumbling block at present but can it inpsire another bullish run?

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