Brexit is done, while the Coronavirus keeps the markets on guard. What can Forex expect this week?
Tag - zar
Here we gathered the best and the worst performers of the week and the most volatile pairs .
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.
We expect the US-China phase one trade deal to be signed on Wednesday and multiple important indicators for the USD. Plus, it is the first week of the earnings reports
USD/ZAR formed a bearish engulfing pattern on the D1. What does it mean?
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
Pay attention to the currency pair USD/ZAR. It has been consolidating between 15.10 and 15.50 since the start of August.
USD/ZAR rebounded from the 200-day MA at 14.18 and went up through the 100- and 50-day MAs.
The GBP continues to fall, what else is important?
What is important today?
USD/ZAR has recently breached down the support line from February lows.
What’s going on in the world of emerging market currencies? Let’s find out.