USD / ZAR is currently at a pivotal moment concerning the continuation of being range bound since 2011. The outcome can be one of two possibilities:
- A break out to the top side from the existing long term resistance, which would lead to severe depreciation of the South African Rand.
- The long term resistance holds at R12.50 which would likely lead to short...
The ECB will release their decision regarding stimulus tomorrow with reports already emerging that there will be 50 Billion Euros worth of stimulus released per month until the end of next year.
Their final decision will probably be one of the most important factors to determine if this bull market to continue.
If their decision is taken negatively, then the...
The recent break through the R11.43 lateral resistance level is holding, which may play a role as the future medium term psychological level. The next resistance level could settle at around the R12.40 mark.
Be sure to follow Friday's rating review of South Africa by Fitch. A rating downgrade is unlikely but a negative outlook may cause a short term capital...
