The South African rand is pinned down by the US dollar as the buck raises against drying trade war news. This week’s data from the country that were released today also weighed on the rand despite Monday and Tuesday’s gains. The USD to ZAR trading pair rose by 0.57% or 0.0847 points this Wednesday’s trading …
The Buck Takes the South African Rand Down | Wibest Read More »
Presidents of Brazil, Russia, India, China, and South Africa gathered in Brasilia to talk about various important issues, including the economy. The 11th annual summit started on November 13, and this the two-day summit is an excellent opportunity to learn more about this forum. The author of this acronym is an analyst from the U.S. …
The much-awaited November Brazilian oil auction turns out a flop as it failed to bring in expected figures. The oil petroleum market billed this high-profile event as the largest in history before it fell flat. The high signing bonus and the limelight around the action appeared to fend off bidders. The government had high hopes …
Brazilian Oil Auction Flops, Petrobras Takes it All Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPNZD The pair has been trading sideways for the past trading sessions, with the latest move in the red. The 50-day moving average appears ready to go up, indicating that traders are bullish on …
Daily Market Charts and Analysis November 13, 2019 Read More »
As an effect of the ravaging African swine fever, China now looks to get more imports from Brazil. Chinese pig exports have continued to cause trouble in Asian countries like the Philippines. Beijing has recently upped its pig imports to fill the void left by the African swine fever in markets. Yesterday, the Brazilian Minister …
Pig Fever Pushes China to Open Offal Markets | Wibest Read More »
News from the South African company, Eskom, continues to hurt the country’s currency, credit rating, and economy. The upsetting dilemma of the government with the electricity public utility company weighs on the rand and local investors. The government plans an overhaul of the whole electricity industry starting by breaking up the problems of the state …
Eskom is Hurting the South African Rand and Economy Read More »
The South African currency steadied against the US dollar and but fell against other currencies in today’s trading. Rand traders took their time to digest the uneasy environment surrounding the government’s Eskom plan. The South African rand initially went down after the news broke out, but with some time, the currency started to hold steady …
South African Rand Steadies Against Eskom Scheme Read More »
There is a new exciting launch in the trading community. TRADE.com offers a new to spread betting service. Trade.com provides an index, Forex, shares, commodities, and cryptocurrency markets. Besides, the company is the best option for traders who are unable to work with brokers in Western Europe, the US, or the UK. However, from now …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDPLN The pair is trading up in the charts, with the moving averages 50-day and 200-day continuing the golden cross bullishness. The pair has also traded back up in the trading channel after slumping …
Daily Market Charts and Analysis August 30, 2019 Read More »
Last year, petroleum giant Royal Dutch Shell wanted to buy a stake in Total. It is a promising exploration isolated from South Africa. The asset’s principal shareholder used its right to hinder the deal and collected the share itself. The reason is that Total’s plan was only to sell on Qatar Petroleum. The quick turn …
Petroleum Giants Indulge Qatar with Crown Jewels Read More »
Zimbabwe needs to introduce digital coins as support in solving its monetary problems. According to a Zambian tax expert, the dilemma is about unpleasant prices beyond the reach of many. The country endures the haunting by foreign currency scarcities. Moreover, it got worse by underdeveloped industrial production and failure to withstand its currency value. Recently, …
After the better-than-predicted economic data out of China easing concerns over the global economic slowdown. The dollar weakened versus the euro and yuan on Monday in Europe. According to the official data released, since quarterly records began, China’s economy grew at the slowest pace from three months to June. Last year, the gross domestic product …
Currency: Yuan, Euro Rises, Dollar Slips amid China’s Data Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDNZD The pair was expected to breakout from the “Falling Wedge” pattern resistance line, sending the pair higher towards its previous high. Australia held its recent election last Saturday, May 18, through which the …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDZAR The pair was expected to continue its decline towards the 200 MA after it failed to break out from a major resistance line. South Africa will head to polling station today, May 08, …
Here are the latest market charts and analysis for today. Check them out and know what’s happening to the market today. USDZAR The pair was seen to continue going down in the following days after MAs 50 and 200 failed to crossover. South African Rand was being lifted by the growth of Chinese economy. With …
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