Weekly forex data: GDP and the NFP
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.
ZAR
Technical analysis of GBPZAR
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.
Technical analysis of EUR-ZAR
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.
Fundamental analysis: four-year lows for ZAR amid risk-off mood
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.
Weekly forex data preview
GDP growth in Germany and China are two key releases this week. Others include Turkey and the RSA’s central banks on Thursday.