SP 500 Exchange rate

Editors’ Picks

EUR/USD: Winds of change blowing into the Federal Reserve Premium

The EUR/USD pair fell towards 1.1417, its lowest since last March, as the US Dollar (USD) soared following the first Federal Reserve (Fed) monetary policy meeting chaired by Kevin Warsh. EUR/USD got to recover some ground on Friday, finishing the week, however, well below the 1.1500 mark.

Gold: Hawkish Fed leads to third consecutive weekly loss Premium

Gold (XAU/USD) opened with a bullish gap and registered strong gains in the first half of the week, but a hawkish Federal Reserve (Fed) spoiled the party. Mid-tier macroeconomic data releases from the United States (US) and changes in crude Oil prices could impact XAU/USD’s action in the near term, while the technical outlook suggests that the bearish bias remains intact.

British Pound rebounds as holiday-thinned trade slows USD bulls

The Pound Sterling recovers some ground after reaching a three-month low on Friday at 1.3163, sponsored by the Fed’s hawkish tilt, but edges up 0.18% amid thin trading conditions due to a holiday in the US. The GBP/USD trades at 1.3226, yet it is poised to end with weekly losses of 1.25%. Market sentiment remains fragile despite the recovery from the US-Iran deal.

US Dollar: The last mile just got longer Premium

A very auspicious week saw the US Dollar (USD) trade with robust gains, rapidly leaving behind the prior pullback and sending the US Dollar Index (DXY) to levels last traded in mid-May 2025, past the 101.00 barrier on Friday.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.

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Signatures

S&P 500

The Standard & Poor's 500 (S&P 500) is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States (US). It is seen as a leading indicator of US equities and includes approximately 80% of the total market capitalization of US public companies.

The S&P 500, operated by S&P Dow Jones Indices, is weighted by free-float market capitalization, meaning that larger companies have a greater impact on the index. Constituents and their weights are regularly updated based on rules set by S&P Dow Jones Indices.

The S&P Index Committee, comprising analysts and economists at Standard & Poor's, selects the companies based on criteria such as market size, liquidity, and industry grouping.

Over time, the S&P 500 serves as a key benchmark for the US economy.

HISTORIC HIGHS AND LOWS FOR S&P 500

All-time records: Max: 6,001.35 on 11/11/2024 – Min: 4.40 on 05/1932
Last 5 years: Max: 6,001.35 on 11/11/2024 – Min: 2,237.40 on 23/03/2020

* Data as of November 2024

ASSETS THAT INFLUENCE THE S&P 500

Currencies: US Dollar (USD).
Commodities: Oil and Gold.
Bonds: US Treasury Bonds.

ORGANIZATIONS, PEOPLE, AND ECONOMIC DATA THAT INFLUENCE THE S&P 500

Since the S&P 500 is a benchmark of US stocks, its value is influenced by a variety of decisions and indicators affecting major companies, including:

Economic indicators inflation – Consumer Price Index (CPI) and Producer Price Index (PPI) –, consumer confidence (University of Michigan Consumer Sentiment Index), economic growth (GDP), employment (Nonfarm Payrolls), and salaries (Average Weekly Earnings).
Interest rates, decided by the Federal Reserve (Fed), the central banking system of the US. Kevin Warsh, the 17th Chair of the Fed, has held the position since February 2018 after being nominated by Donald Trump and confirmed by the Senate.
Fiscal policy, trade deals, and business laws decided by the US president, the Treasury Department and the Department of Commerce. The Treasury focuses on fostering economic stability, growth and financial integrity, while the Department of Commerce supports economic growth and established industrial standards.
Energy prices such as electricity and Oil directly impact production costs for companies within the S&P 500.