Damon28

Damon28

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Damon28

While everything has already been priced in, The US Dollar index has been trading higher since April 2018, the index traded higher to the resistance level at 103.343, and then fell back to the range between 93.295 - 100.625. Some of the factors that has a direct relationship to the index, we look at the Fed's Monetary policy, The Fed's has already cut the...

Damon28 Updated 

The Rand has been bullish ever since the 15 May 2020, From the 14th May, the rands has appreciated by 6.63% against the dollar, THE Resbank MPC dicided to reduce the African repo rates by 50 basis points to 3.75% from 4.25% in a fight against coronavirus. It is also projected that there will be another 25 basis points cut in the next quarter. After the MPC rates...

Damon28

Continual trend