I believe that the rand will strengthen but only marginally against crosses in the next few trading sessions.
Be blessed
This blog focus on currency trading of the main South African Rand crosses. Ian Koekemoer identifies market trends and consider trading strategies for the Rand against major crosses.
Wednesday, March 19, 2014
Friday, February 21, 2014
Rand to weaken against Yen in short term
I believe that the Zar/Yen cross will weaken in the short-term. The cross, currently at 9.2620, should test levels of 9.0620 in the next few trading sessions.
Be blessed!
Be blessed!
Monday, February 17, 2014
Rand crosses to gain during European session
Rand crosses will show marginal gains for rand during the upcoming European session!
Be blessed!
Be blessed!
Tuesday, February 11, 2014
Rand crosses may improve in short-term
Rand crosses may strenghten in next few trading sessions but the dollar index may strengthen further out which implicates further rand weaknesses further out!
Thursday, February 6, 2014
Fed easing to continue soon. Rand to strenghten against major currencies!
The rand is about to strengten against all its major crosses.
Friday, January 31, 2014
South African Rand set for further losses against its major crosses
Hi everyone,
still expect rand to weaken further against major crosses in near future. Rand did manage to gain little bit of ground today as expected. This may be caused due to some fresh buying of rand (higher interest rate) but sooner or later the south african rand will weaken even further against major crosses.
I don't think that dollar strength is due to Euro fundamentals but I do believe that we are witnessing and will see US Fed tapering at regular intervals in 2014. I furthermore believe that US will soon follow SA reserve bank and start to increase their interest rates. Also expect the price of crude oil to start weakening soon to levels of $91 at least.
Be blessed!
still expect rand to weaken further against major crosses in near future. Rand did manage to gain little bit of ground today as expected. This may be caused due to some fresh buying of rand (higher interest rate) but sooner or later the south african rand will weaken even further against major crosses.
I don't think that dollar strength is due to Euro fundamentals but I do believe that we are witnessing and will see US Fed tapering at regular intervals in 2014. I furthermore believe that US will soon follow SA reserve bank and start to increase their interest rates. Also expect the price of crude oil to start weakening soon to levels of $91 at least.
Be blessed!
Thursday, January 30, 2014
South African Rand to strengten against major crosses in very short-term but faces further weakness!
Hi,
The South African rand may very well strengthen in the short-term against the major crosses including dollar, euro, pound and yen. This will however not last and expect further losses for the South African Rand against the major crosses towards the weekend/ opening next week!
Be blessed!
The South African rand may very well strengthen in the short-term against the major crosses including dollar, euro, pound and yen. This will however not last and expect further losses for the South African Rand against the major crosses towards the weekend/ opening next week!
Be blessed!
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