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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SOUTH AFRICA
- USD/ZAR trades +0.11% higher this morning, pausing for breath after making a solid move lower yesterday to reach 15.28 on the back of US CPI.
- Selling pressure on the BBDXY continues to drive the cross lower, but price action must now move through the 100dma (15.2499) to make the next leg towards 15.00.
- The cross continues to trade in line with global risk sentiment and firming commodity prices with Citi’s terms of trade index rising +4.16% yesterday to a new two-month high.
- Markets will continue to digest US CPI and Fed comments today, with the focus then shifting to US retail sales tomorrow.
- Intraday Sup1: 15.2120, Sup2: 15.1438, Res1: 15.4730, Res2: 15.5230
Citi SA ToT
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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