However, the rand has remained strong in the last few weeks as the South African Reserve Bank also appears to be in a cycle of tightening. On the whole, the outlook for South Africa’s economy seems to be stronger now than it was at the start of 2022: prices of important commodities, key to South…
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September and October’s large upward movement seemed to be somewhat excessive, with the consolidation ongoing, but more gains are likely based on TA. ¥90 is an important psychological area that might trigger a bounce, and the 50 SMA slightly above this could also function as a support. The 100 SMA seems to be about to…
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Australian dollar-US dollar, daily The Aussie dollar has recovered somewhat against its American counterpart since last week as sellers’ initial enthusiasm has worn off and most industrial commodities, Australia’s key exports, remain close to record highs. Sales of iron ore from Australia to China surged 20% in May, while Australian recovery measured by GDP growth…
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Key data this week Bold indicates the most important releases for this symbol. Monday 3 August, 13.45 GMT: American Markit manufacturing PMI (final, July) - consensus 51.3, previous 49.8 Monday 3 August, 14.00 GMT: ISM manufacturing PMI (July) - consensus 53.6, previous 52.6 Wednesday 5 August, 12.30 GMT: American balance of trade (June) - consensus…
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