Free Trial
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.
SOUTH AFRICA
- ZAR/JPY has maintained its downside momentum amid broad risk-off conditions, consolidating its move below 7.50 with the 38.2% Fibonacci level coming into view below at 7.1994
- A close below the 200dma would be a bearish development for the cross, but is also approaching oversold territory on the RSI (currently 33.52)
- ZAR continues to be among the most vulnerable in the high-beta space to shifts in risk sentiment, while safe haven JPY benefits from routs of risk aversion
- Key levels to the downside seen at 7.1994 (38.2% fib), 7.00 & 6.8963 (50% fib)
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok