The TVC:ZA10Y looks bad, and we are due to get a 0.25bps increase to 6.75% or the Rand will be in a real free fall.
The TVC:SA40 also looks like a sell setup.
Contagion from Turkey and Argentina is also making this "Short" problematic, but for those who wish to sell a "carry trade" asset from the top, its a good place to risk owns funds.
Trade with care.
An update will be on Sep 20, when South African Reserve Bank is expected to hike rates.
Le`ts hope that the ANC won`t ruin the country with their "Land Reform", after all, who will invest in a country that can just take your land without compensation?
Due to good inflation data, SARB may not hike today, but rather wait for more data and postpone his decision.
An update will come after the rate decision.