S&P 500 rises at the start of the week, reaching its best levels since August 2022, but caution is warranted with prices approaching a major Fibonacci resistance area and the market getting stretched.

from DailyFX – Market News https://bit.ly/3OSULCf
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OPEC’s meeting on Sunday was met with resistance by the Saudi’s, lobbying for more production cuts to resuscitate oil prices. Saudi Arabia to remove 1 million bpd

from DailyFX – Market News https://bit.ly/43r4bJU
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The U.S. dollar takes a turn to the downside and erases session gains as weak services PMI data strengthens the case for a Fed pause

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USD/ZAR up almost 0.90% ahead of the US trading session now hovering around a key area of confluence as the rand looks to restore some credibility.

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The EURO and GBP struggled at the back end of last week against the Greenback with both currencies eyeing a recovery. Is the Dollar finally ready to cede the high ground paving the way for a recovery?

from DailyFX – Market News https://bit.ly/3Ceg49Q
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