USDZAR Long trade
Updated
Price is back at prices that caused a reversal.
Technical imbalance filled at LVN
Vaccine rollout halted as early data suggest that the vaccine is not effective enough. This will slow down economic recovery.
The latest MPC statement suggest a stable Rand at 15.7
Technical imbalance filled at LVN
Vaccine rollout halted as early data suggest that the vaccine is not effective enough. This will slow down economic recovery.
The latest MPC statement suggest a stable Rand at 15.7
Note
Also expect a 0.25% increase in interest rate in Q2 as per latest MPC statementNote
11/02/2021 State of the Nation Address Key Points:
Beat Covid 19: Implementation of a massive vaccination rollout. Procurement of J&J vaccine established.
Economic Recovery: Infrastructure Project implementation focusing on Construction, Energy and water
Creation of Sustainable jobs: Recovery plan will create these jobs.
Fight Corruption: ??
COT Report ZAR:
Non Commercial:
Long 8000 Short 3741 Nett long 4259
Previous 8021 2971 Nett long 5050
Commercial:
Long 3303 Short 7732 Nett short 4429
Previous 1841 6709 Nett short 4868
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