The Rand's gains forced the GBP/ZAR exchange rate to 'gap' lower when markets opened Monday, and our studies of the 4hr chart - used to determine the short-term outlook which includes the coming we…
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The Rand swept higher against most rivals Monday as investors expressed relief over a Moody's decision to leave South Africa's 'investment grade' credit rating unchanged in November, although …
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The Rand slumped Wednesday after Finance Minister Tito Mboweni shocked the market with a mid-year budget update that showed South Africa's deficit rising sharply this year, which is set to fuel a m…
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The Rand slumped Tuesday as investors expressed disappointment with the government's latest plan for turning around the ailing power utility Eskom, which has arguably been seen as too little, too l…
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GBP/ZAR attempting to pierce below trendline and a break lower could lead to bearish extension.
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The Rand made solid gains this week but is being tippedas a sell by at least one major bank ahead of the October 29 budget, while local analysts are warning of volatility heading into the Nove…
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Analysts at Nordea Markets have warned the South African Rand appears to be overvalued and is increasingly at risk of a turn lower.
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Studies of the charts show the pair trading in a sideways range at the level of a key trendline, with an overall upside bias.
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The Rand entered the new week on its front foot Monday amid a global rally in so-called risk assets connected to the ebbing of 'no deal' Brexit risks, which could offer more support in the days ahe…
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