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Watching Key Support


Risk-On Of Sorts Supports Oil


Resistance At The 50-Day EMA Remains Exposed

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  • USD/ZAR opens lower, but lags TRY & RUB slightly with USD/CNY bouncing off 6.50.
  • Disappointing NEC meeting saw little progress on the vaccine front, which may become a more pronounced obstacle for ZAR the longer it persists.
  • Relatively quiet week ahead, with PPI & the trade balance the key features of the week.
  • Local Equities open firmly in the green on a buoyant APAC session, but commodities lagging the trend after a volatile close to last week
  • (Gold -0.15%, Platinum +0.14%)
  • Sup1: 15.0617, Sup2: 14.9991, Sup3: 14.8695, Res1: 15.2117, Res2: 15.3174
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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