Tag Archives: USD/ZAR
The Global Macro Pulse
Overnight Price Action Unsurprisingly, most Asian equity markets are up in the wake of the Fed shock. The Nikkei has risen 1.5%, the HSI is up 1.7%,
USD/ZAR Technical Analysis
(9,77) The DOLL/ZAR confirmed a negative closing on Friday but a weak one in the weekly chart supporting further weakness.
FX Weekly – If not now, when?
* G10: Next week’s FOMC meeting should catalyze a breakout for G10 FX. We think this will be in favour of the dollar, given improving short term rate differentials and better data.
More AUD bearish signs, USD/JPY bid
EUR/USD: Even though the initial attempt lower, breaking below 1.3276/82 was surprisingly reversed for a second test of the 61.8% Fibo resistance, 1.3321,
Renewed $ buying? $/JPY completed bull triangle?
EUR/USD: The break of 1.3320 didn’t attract sellers enough to also pass the 1.3299 key support hence the market soon bouncing back into the prior range.
Risk is off, the yen, swissy, bonds, gold & oil are on
EUR/USD: Short-term Fibo-adjusted “Ichimoku tools” are in positive gear with the 21day “Kijun-Sen” acting as support.
NOK sellers soon ought to come back to market
EUR/USD: The dollar failed to hold on to inter-week gains into the close last week. This added a higher low and a higher high in this weekly perspective.
The Global Macro Pulse
The G10 commodity bloc remained under pressure in Asian trading ahead of the FOMC minutes. AUD and NZD fell 0.6% to 0.903,
USD/ZAR Technical Analysis
(10,1180) The DOLL/ZAR confirmed on Friday a strong closing above 10,0450, a s/t key level, supporting higher levels toward 10,20.
The Aussie is clawing back some ground
EUR/USD: Last IMM reporting week (as per last Tue’s close) Speculative accounts added to net EUR longs and reduced shorts – both directly and indirectly as an aggregate measure.
Kings of the Market
The ‘kings of the market’ that we believe dominate current price action are the expansion of equity multiples coming from the repricing of (especially US)
USD/ZAR Technical Analysis
(9,8070) The DOLL/ZAR confirmed on Friday a session of consolidation forming a new inside day with 9,8400 – 9,6720 the levels to follow in the coming hours.