Technical analysis of GBPZAR
Pound-rand has been mostly steady this week as traders await news this afternoon from the South African Reserve Bank. This TA looks at the daily chart of GBPZAR.
Pound-rand has been mostly steady this week as traders await news this afternoon from the South African Reserve Bank. This TA looks at the daily chart of GBPZAR.
The rand is still strong this week against most majors as ‘risk on’ remains the prevailing mood. This TA looks at USDZAR D1 ahead of tomorrow’s balance of trade from South Africa.
‘Risk on’ continues so far this week with improving demand around the world shown from record Chinese exports. Here’s a look ahead to data affecting AUDJPY and others this week.
Joe Biden’s win in last week’s American presidential election has been very positive for shares and emerging currencies. This preview looks at claimant count change and other key releases this week.
Very strong Chinese industrial profits as announced this morning have given stock markets a boost today. Traders are looking ahead this week to British and American GDP plus of course Friday’s NFP.
Negativity around UK-EU trade talks has driven pound-rand down despite a 51% drop in South African GDP in Q2. Here’s a look at GBPZAR H4.
New key areas might be established on H4 EUR-ZAR after huge gains this week. Check out this article for a summary of possible supports and resistances.
The rand reached four-year lows against some major currencies including the dollar this morning. Exness Education takes a look at some of the reasons for ZAR losses.
GDP growth in Germany and China are two key releases this week. Others include Turkey and the RSA’s central banks on Thursday.