Price is back at prices that caused a reversal. Technical imbalance filled at LVN Vaccine rollout halted as early data suggest that the vaccine is not effective enough. This will slow down economic recovery. The latest MPC statement suggest a stable Rand at 15.7
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Also expect a 0.25% increase in interest rate in Q2 as per latest MPC statement
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11/02/2021 State of the Nation Address Key Points: Beat Covid 19: Implementation of a massive vaccination rollout. Procurement of J&J vaccine established.
Economic Recovery: Infrastructure Project implementation focusing on Construction, Energy and water
Creation of Sustainable jobs: Recovery plan will create these jobs.
Fight Corruption: ??
COT Report ZAR: Non Commercial: Long 8000 Short 3741 Nett long 4259 Previous 8021 2971 Nett long 5050
Commercial: Long 3303 Short 7732 Nett short 4429 Previous 1841 6709 Nett short 4868