Robert Petrucci

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.

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.

The Nasdaq 100 hovers near recent highs ahead of Wednesday’s expected Fed rate cut, with traders watching closely for dovish signals that could ignite further gains.

USD/MXN continues its downward trend below 18.20000, with traders eyeing Fed guidance this week for further direction. Momentum favors the downside, but short-term volatility remains a risk.

USD/ZAR remains under 17.00000 as bearish momentum holds, but strong support and upcoming Fed guidance may limit further downside in the near term.

The EUR/USD went into the weekend near the 1.16433 level after starting this past Monday’s Forex trading around the 1.16300 vicinity, while the gains made may not look significant there are signs of sentiment shift.

WTI Crude Oil finished this past week of trading with slight gains, and day traders who may have been enjoying a rather stable week of results were ‘treated’ to a spike lower late on Thursday via the commodity.

NZD/USD extends its recovery to 0.57740, gaining momentum on broad USD weakness, but with U.S. inflation data and Fed decisions ahead, near-term volatility and possible reversals remain key risks.

USD/MYR continues its sharp decline, hitting long-term lows near 4.1100 as broad USD weakness and expectations of a Fed rate cut pressure the pair, with potential to test the 4.1000 level.