Dollar stretches gains on the session
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
USD/ZAR: stabilization planned
Information is not investment advice
The South African rand has been following a downward trajectory since its peak in early April. The spike at the beginning of June did not change this trend. It aims at the channel within 15.82 – 16.46: this is the likely zone to where the USD/ZAR will drop to pick up its pre-virus trajectory. Given the fact that the latter trajectory has been strategically bullish, we are likely to see a dip into the mentioned channel, but after that, the USD’s mild appreciation against ZAR will take place again. For this reason, go bearish in the short-term, then moderately bullish in the mid-term.
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Dollar stretches gains on the session
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
EUR/USD: bearish forecasts
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
EURGBP targets with confidence higher
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.
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