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Why MNI
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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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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
USD/ZAR Rips Lower as Risk on Fuels a Test of 13.50 Support
- USD/ZAR traded heavily in yesterday's session, making an impressive run down to 13.5116 on the back of sustained USD weakness.
- ZAR remains a key brightspot in episodes of risk-on and hunt for yield, given strong fundamentals, improved fiscal outlook and relatively quiet local scene vs peers Russia & Turkey.
- Covid cases picked up above the 5k mark yesterday in a notable uptick, but the vaccination drive also seems to be picking up at a notable clip, despite a slow start.
- Wage negotiations remain deadlocked and talk of strike action is brewing among the larger unions.
- Price action has now moved firmly into oversold territory on the daily chart, with the RSI now at 24.64.
- Intraday Sup1: 14.50, Sup2: 13.4009, Res1: 13.5599, Res2: 13.6780
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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.