View today’s full market commentary: Daily Market Commentary 29082014
In the context of a globally strong US dollar premised on the notion of an earlier or more aggressive Fed hiking cycle (not our base case), the
performance of the rand has been rather remarkable. The USDZAR has managed [...]
The rand dipped below its 200-day simple moving average at 10.635 yesterday, an important psychological level. Any values below this level are regarded as positive (bullish).
The positive stance is further [...]
The short-term trend changed to bullish yesterday, supported by improving technicals as highlighted by the positive 2.25 score. This is now the third consecutive day that the technical score has improved [...]
The rand remains above its 200-day simple moving average at 10.63, an important psychological level. Any values above this level are regarded as negative (bearish).
The negative stance is [...]