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gazza_herh
Jan 13, 2023 8:52 AM

USDZAR Up or down ?  Short

U.S. Dollar/South African RandFXCM

Description

Please do not use these as trading signals
What do you think is it going up or down ?

I still think the DOLLAR is going to crash hard

Comment

Something to think about

The United States Government has advised its stakeholders in South Africa to start thinking about disaster management plans for a total collapse of Eskom’s power grid.

Although a blackout remains unlikely, the risk has increased due to how unreliable Eskom’s coal fleet has become. This is evident by the higher levels of load-shedding South Africa is experiencing.

The consequences of a total blackout would also be devastating, making it worth preparing for even if the likelihood is low.
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