The news this past weekend has been dominated by the Coronavirus. It seems that the rate of infection is accelerating and that it is managing to reach other countries, with both Japan and Australia confirming cases of infection. Markets might react poorly.
Month: January 2020
Well, well, well, trends do persist. We are seeing some of the setups from last week starting to work. We also have a copy of the phase one trade deal for download.
We’ve had continued issues around Load Shedding and various other economic ailments, and thus our Rand has weakened somewhat. This weaker Rand narrative is what we think is likely to drive our market in the coming week.
Welcome back load shedding. And also welcome back war in the Middle East. The combined impact of these two factors will likely make it a very difficult week for the Rand.