EUR/ZARShort
EUR/ZAR possible sell medium/long term
Prons:
1. EUR/USD has potential to weaken - the price now is inappropriate to conditions in Euro Area - flat GDP which can negatively affect CPI in the future,
2. CPI is still far from ECB inflation targets - it will take a time to be confident about inflation growth and GDP,
3. Commodities like Gold have potential to growth in the future - it will positive affect on South Africa economy (gold exporter),
4. Good positive swap - additional profits from holding position EUR/ZAR.
Cons:
1. Risk from changing ECB monetary policy - it could positively affect euro price.
Presented Idea is only an assumption, one of many possibilities which can happen.
Always invest consicously. The price can do anything at any time.
1. EUR/USD has potential to weaken - the price now is inappropriate to conditions in Euro Area - flat GDP which can negatively affect CPI in the future,
2. CPI is still far from ECB inflation targets - it will take a time to be confident about inflation growth and GDP,
3. Commodities like Gold have potential to growth in the future - it will positive affect on South Africa economy (gold exporter),
4. Good positive swap - additional profits from holding position EUR/ZAR.
Cons:
1. Risk from changing ECB monetary policy - it could positively affect euro price.
Presented Idea is only an assumption, one of many possibilities which can happen.
Always invest consicously. The price can do anything at any time.
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