The rand could fall to R19/$

[Thor]

And you base this on your extensive financial market knowledge?

Based what?

I said he is wrong. And he was. There was a whole mybb article where he retracted all his statements cause he made it up

 

[Oopsie]

USD/ZAR is a "strong sell" in all indicators. The possibility of seeing sub R14 is looking real now.

 

[Purply]

Has been a pretty impressive rally for the rand today, down 2% so far!

 

[RogueTr00per]

In my ignorance, do the SONA debates have anything to do with this?

 

[R13...]

In my ignorance, do the SONA debates have anything to do with this?

No. Nothing in that affects economic direction or policy. It is the budget speech which will have an impact.

 

[Paul_S]

No. Nothing in that affects economic direction or policy. It is the budget speech which will have an impact.

Crosses fingers ... (I need to purchase something from Europe priced in Euros).

I'm looking at forex in TradingView. What is the count down timer about?

 

[Oopsie]

Crosses fingers ... (I need to purchase something from Europe priced in Euros).

I'm looking at forex in TradingView. What is the count down timer about?

If you are looking at the 3 minute candles then the count down timer will count down from 3 mins to zero to complete that 1 candle.

 

[Paul_S]

If you are looking at the 3 minute candles then the count down timer will count down from 3 mins to zero to complete that 1 candle.

Ah ... thanks.

 

[Purply]

R15.28 , hoping it will keep up the pace

 

[Thor]

Still waiting for icyrus's reply

 

[BlindMelonChitlin]

Zumorrow, Zumorrow, I love ya Zumorrow, you're only a day a-way....!

 

[Purply]

Aaaaaaaand we back to where we started 2 days ago on R15.42 :/

 

[LazyLion]

My Dad went to a Standard Bank economic outlook Seminar and all the economists there were saying that the real value of the Rand is lying around R11.80 somewhere.
The fall in value was due to all the political mess going on.

 

[icyrus]

Still waiting for icyrus's reply

Reply to what?

 

[Oopsie]

Sub R14 is is relatively secure now if the USD does not get pushed up.

 

[Purply]

Sub R14 is is relatively secure now if the USD does not get pushed up.

If it wasn't for the fake oil recovery, we'd be getting there much sooner.

 

[Oopsie]

Aaaaaaaand we back to where we started 2 days ago on R15.42 :/

Aaaaaaaaaaaaand did you expect FX and equities to keep going up or down EVERY day? The USD/ZAR trend is down and will have some reversals along the way.
So far we have had it gaining to Dec 2015 levels despite the odd reversal. Up over 3% against the sterling today.
Now laugh. Up over 2% against the Euro today. Laugh some more.

 

[Oopsie]

To help you in your ignorance, here is a chart for you that shows some green candles on the way down. These are daily close candles.

 

[Drifter]

If we get a good budget speech, Rand will be in R14's again.

 

[Hamster]

If we get a good budget speech, Rand will be in R14's again.

Wanna take a bet we'll be underwhelmed?