USD/ZAR: Rand is likely to increasingly struggle – Commerzbank
- ByFXStreet-
The South African central bank (SARB) raised its key rate by 50bp to 4.75% on Thursday. The rand was able to benefit from yesterday’s decision even th
Symbol | Exchange | Currency |
|---|
The South African central bank (SARB) raised its key rate by 50bp to 4.75% on Thursday. The rand was able to benefit from yesterday’s decision even th
The Rand extended an earlier rally with further sharp gains over many counterparts after the South African Reserve Bank (SARB) announced its largest increase in its cash rate for...
Economists at ING expect the rand to stay under pressure for the time being. Subsequently, USD/ZAR could reach the 17 level on a break past the stubbo
The US dollar basket – a benchmark for dollar performance against select major currencies – trades lower this morning, continuing yesterday’s decline.
After a strong Q1 in 2022 for the rand (which has been the trend over the past few years), it could be in for a turnaround. Before delving into potential Q2 influences, it is...
Investors are hoping for a new headwind from earnings as US stimulus prospects fadeAsia trading dampened by pandemic fearsGold advances against dollar strength and increased...
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Sell | Strong Sell | Strong Sell | Buy | Strong Buy |
| Technical Indicators | Strong Sell | Strong Sell | Strong Sell | Strong Sell | Strong Buy |
| Summary | Strong Sell | Strong Sell | Strong Sell | Neutral | Strong Buy |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
|---|---|---|---|---|---|
| Emerging Patterns | |||||
| Doji Star Bearish | 1M | Current | |||
| Doji Star Bullish | 1D | Current | |||
| Harami Bullish | 30 | Current | |||
| Harami Cross | 30 | Current | |||
| Completed Patterns | |||||
| Three Black Crows | 30 | 2 | May 20, 2022 20:30 | ||
| Three Outside Down Bearish | 30 | 3 | May 20, 2022 20:00 | ||
| Engulfing Bearish | 1D | 3 | May 17, 2022 | ||
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Fri, 20 May 2022 | ||||||
| 18:00 | USD | 576.00 | 563.00 | |||
| 18:00 | USD | 728.00 | 714.00 | |||
| 20:30 | USD | 3.50K | 3.60K | |||
| 20:30 | USD | -24.40K | -22.60K | |||
| 20:30 | USD | 473.70K | 470.90K | |||
| 20:30 | USD | 325.60K | 310.80K | |||
| 20:30 | USD | 175.40K | 193.30K | |||
| 20:30 | USD | 15.20K | 13.50K | |||
| 20:30 | USD | -115.00K | -112.50K | |||
| 20:30 | USD | 66.60K | 121.80K | |||
| 20:30 | USD | 16.10K | 19.10K | |||
| 20:30 | USD | 183.60K | 174.60K | |||
| 20:30 | USD | 28.80K | 21.70K | |||
Federal Reserve(FED) | ||
| Current Rate | 1.00% | |
| Governor | Jerome H. Powell |
| Current Rate | 4.75% | |
| Governor | Lesetja Kganyago |