Hi, have you considered the ratings decisions being passed today? Fitch, last night did not downgrade RSA as it believes the negative effect of such a move would result in major capital flight. SA is set for ruling party internal elections in mid-Dec and there is a strong chance of the president being recalled in favour of a leading candidate with good business credentials. Moody’s and S&P are announcing their decisions today and I believe they will go a similar route. Should they do so, it may result in the ZAR strengthening against the USD. Your thoughts on this?
sonu81
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@Ltd, thx mate, fundamental affects markit ,i am more technical guy, wht pattern says i trade on that,let us see how this pair behave,my thought that this pair enter to side way