Fed Harker signals that interest rates may remain elevated to combat inflation, delaying any rate cuts. This hawkish stance could pressure #gold prices. Considering a sell on gold as tighter monetary policy expectations grow. #Fed #GoldTrading #MarketUpdate

This is why technicals in my world is so NB!!

USD/CAD 1-hour chart. Current downtrend is strong, with a key resistance level at 1.35156. Watching for potential further bearish movement. 📉💹 #Forex #Trading #TechnicalAnalysis

Market sentiment is bearish today as the JSE Top40 drops 1.6% and the Rand weakens on weaker than expected economic growth. Global risk off sentiment and tech stocks declines add to the pressure. #markets #USDZAR #JSE

Key U.S. data (ISM today, NFP tomorrow) will impact USDZAR. Weak labor market reports may lead to ZAR strengthening, with potential levels around 17.75. Conversely, stronger U.S. data might push USDZAR above 18.00. Keep an eye on the Fed’s next move #forex #USDZAR

As we approach the Medium-Term Budget, investors should focus on two key events: the BRICS Summit and September's CPI data. These factors will shape expectations for SA's interest rates and the rand's value. #Economy #FX #BRICS

South Africa's September inflation data will influence interest rate expectations and the Rand's purchasing power. Lower inflation means less value erosion, something the SARB and Treasury will focus on. #Inflation #Rand #SARB

Rand is stronger this morning at R17. 58/$

EM currencies, led by the rand, bounced back as investors warmed to risk assets amid Fed policy clarity and hopes of China's stimulus.

Risk appetite improved as US-China trade talks progress and the PBoC eases policy (RRR - 50bps, reverse repo - 10bps). Positive for risk assets & EM FX sentiment, with markets watching for further signals of de-escalation.

Telling big US corporates to “ take the hit “ or else is likely to create some weekly angst for the Bulls! Adding to all that Israel keeps booming Palestine , Ukraine and Russia are at it and oh … Iran confirmed it’s continuing to pursue its nuclear program. The cherry on the

Moody’s downgrade raises fresh questions around US fiscal health. Some argue it could pressure rates higher, while others flag long-term risks to dollar confidence. For now, the USD faces a tug-of-war between yield appeal and debt concerns. Volatility likely to stay elevated.