USD/BRL has surged above 5.50 amid rising concerns about Brazil’s economic outlook, with traders watching whether this level becomes new support or reverses lower.
About Robert Petrucci
Robert Petrucci has worked in the Forex, commodity, and financial profession since 1993. Important aspects of his work involve risk analysis and advisory services. As an advisor in a Family Office he maintains a conservative approach for wealth management and investments. Robert also works in private finance with investors and companies delivering financial and management services.
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USD/SGD is consolidating after touching mid-term lows, with 1.29200 acting as a key pivot as traders adopt a cautious stance heading into the holiday period.
The S&P 500 continued to edge lower on Tuesday, slipping below 6,810 as cautious sentiment and spillover fears from the Nasdaq 100 pressured the index toward key support at 6,800.
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The Nasdaq 100 continued to face selling pressure on Tuesday, falling below 25,000 as investor caution grows around AI valuations and year-end positioning, with support eyed at 24,700.
USD/ZAR extends its decline beneath the 17.00000 mark, trading near two-year lows amid rand optimism and Fed-driven dollar softness, as traders brace for low-volume holiday conditions.
The GBP/USD has gone into this weekend near 1.33670, this after starting the week around 1.33100 and touching a momentary high about 1.34325 on Thursday.
WTI Crude Oil has gone into this weekend around the 57.145 price which is challenging lower prices seen in October of this year, the commodity provided bearish speculators with incremental movement downwards this past week.
NZD/USD clings to gains above 0.58000 post-Fed cut, with buyers showing resilience and short-term sentiment pointing to modest upside within a stable mid-term range.
USD/ILS remains in a tight range after the Fed’s rate cut, with traders eyeing resistance near 3.22600 and support at 3.22390, as the Israeli shekel continues to show resilience.
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The USD/SGD as of this morning’s trading is near the 1.29545 ratio which is essentially where the currency pair was trading last week at this time, this as the U.S Federal Reserve gets ready to emerge from the shadows later today.
The USD/BRL has jumped higher the past handful of days and closed yesterday’s trading near the 5.4331 ratio, this amidst a rather volatile Tuesday of trading after the currency pair had tested the 5.4950 vicinity earlier.
The S&P 500 hovers near recent highs as traders brace for Wednesday’s Fed decision, with cautious optimism and rate-cut hopes fueling near-term support.
