There is, however, still a slight chance that the SARB will raise rates by another 25 basis points, although this is not our base case.When is the SARB MPC rates decision?
South African Reserve Bank...
The price now trades within a narrow range between levels 65100 (support) and 66450 (resistance).South Africa 40 Cash Index
Source: IG charts
The bearish reversal (circled blue) from overbought...
The ZAR is trading in a narrow range against the dollar ahead of US CPI inflation data.USD/ZAR – Trading View
Source: IG charts
After confirming the reversal and breaking above the 18.40 (see...
Diluted earnings per share from continuing operations increased in the fourth quarter, but decreased for the full fiscal year.Disney’s Q4 and full year results
The Walt Disney Company (NYSE:DIS)...
The South African Rand (ZAR) is losing ground against the US Dollar (USD), which has begun to regain strength and rebound from near-term oversold conditions. This significant move comes on a day light...
Currently we see a bearish reversal forming off the 67580 level and from overbought territory.South Africa 40 Cash Index
Source: IG charts
The reversal highlighted in our previous note saw the South...
The focus on budget cuts and the absence of major SOE bailouts indicate a commitment to fiscal discipline.The South African Rand (ZAR) has shown a positive response to the Medium-Term Budget Policy...
Traders might target a move to initial resistance at 65100, while using a close below the 63400 level as a stop loss indication.South Africa 40 Cash Index
Source: IG charts
The South Africa 40 Cash...
The recent correction across major indices has moved the NASDAQ 100 into oversold territory, with the price forming a positive divergence with the stochastic oscillator. IG senior market analyst Shaun...
Marked with the black arrow we do see an intraday price reversal (hammer) from oversold conditions.South Africa 40 Cash Index
Source: IG charts
The South Africa 40 Cash Index’s downside break...