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
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
Economists at Credit Suisse raise their USD/ZAR target range to 15.50-16.50 (from 14.50-15.50 previously). What’s more, they refrain from setting the
Not much changed coming into May as elevated volatility appears to be the new norm and investors remain hesitant toward risk assets.The ongoing war in Ukraine, China’s Covid...
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...
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Strong Buy | Buy | Sell | Neutral | Strong Buy |
| Technical Indicators | Strong Buy | Strong Buy | Sell | Strong Sell | Strong Buy |
| Summary | Strong Buy | Strong Buy | Sell | Sell | Strong Buy |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
|---|---|---|---|---|---|
| Completed Patterns | |||||
| Doji Star Bullish | 1D | 5 | May 20, 2022 | ||
| Engulfing Bearish | 1D | 8 | May 17, 2022 | ||
| Engulfing Bearish | 5H | 14 | May 24, 2022 02:00 | ||
| Dragon Fly Doji | 1M | 15 | Feb 21 | ||
| Engulfing Bullish | 1W | 17 | Jan 23, 2022 | ||
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Fri, May 27, 2022 | ||||||
| 07:35 | USD | |||||
| 08:30 | USD | 0.30% | 0.30% | |||
| 08:30 | USD | 4.90% | 5.20% | |||
| 08:30 | USD | -127.12B | ||||
| 08:30 | USD | 6.60 | ||||
| 08:30 | USD | 0.90% | ||||
| 08:30 | USD | 0.50% | 0.50% | |||
| 08:30 | USD | 0.70% | 1.10% | |||
| 08:30 | USD | 0.20% | ||||
| 08:30 | USD | 2.50% | ||||
| 10:00 | USD | 3.00% | 3.00% | |||
| 10:00 | USD | 56.30 | 62.50 | |||
| 10:00 | USD | 59.10 | 65.20 | |||
| 10:00 | USD | 63.60 | 69.40 | |||
| 10:00 | USD | 5.40% | 5.40% | |||
| 13:00 | USD | 576.00 | ||||
| 13:00 | USD | 728.00 | ||||
| 15:30 | USD | 3.50K | ||||
| 15:30 | USD | -24.40K | ||||
| 15:30 | USD | 473.70K | ||||
| 15:30 | USD | 325.60K | ||||
| 15:30 | USD | 175.40K | ||||
| 15:30 | USD | 15.20K | ||||
| 15:30 | USD | -115.00K | ||||
| 15:30 | USD | 66.60K | ||||
| 15:30 | USD | 16.10K | ||||
| 15:30 | USD | 183.60K | ||||
| 15:30 | USD | 28.80K | ||||
| 18:00 | USD | 3.10% | ||||
Federal Reserve(FED) | ||
| Current Rate | 1.00% | |
| Chairman | Jerome H. Powell |
| Current Rate | 4.75% | |
| Chairman | Lesetja Kganyago |