Tag - zar - south african rand

EM currencies to invest in 2019
EM currencies to invest in 2019

We have come to the second month of 2019 and it’s time to take a deep breath after the crazy run of the year, evaluate what has already happened and make some precisions on the upcoming months.

USD/ZAR: a trade idea
USD/ZAR: a trade idea

The pair broke above the resistance line going through October highs but then was stopped by the 50% Fibonacci at 14.6380.

USD/ZAR met resistance
USD/ZAR met resistance

USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.

USD/ZAR: the downtrend continues
USD/ZAR: the downtrend continues

On November 22, the South African Reserve bank (SARB) raised its interest rate to 6.75%. How does it affect the South African rand?

USD/ZAR awaits the Moody's rating
USD/ZAR awaits the Moody's rating

South Africa anticipates the Moody's review of the country's debt. The release was scheduled on Friday, October 12, however, it was postponed. Some analysts expect it to be released after the Medium-term budget policy statement (MTBPS) on October 24.

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