South African rand becoming bearish
While Monday’s risk on reversal has pumped the brakes on the resurgent U.S. dollar, the technicals suggest that it is not all “rainbows and unicorns” for several emerging money currencies.
Tag Archives: S. Africa
A review of this week’s heavy economic reporting
If the last 3 weeks weren’t crazy enough, this week’s economic calendar could very well make this week even crazier. As the U.S. three-day weekend comes to an end and traders are stuffed full of BBQ, the economic calendar swings into high gear during the overnight session Monday night.
Global food costs could climb this summer
Traders are watching soft commodities as the world enters into the growing season and what we are not finding is rain in the world’s wheat fields.
Emerging Money Heat Map: 10:00 a.m. Monday, April 23
Welcome to the emerging markets 10 a.m. heat map. Global markets are starting completely in the red on the first day of the last full week in April. Leading the slide in the Emerging Stock index are YNDX -5.55%, INFY -3.71% and IBN -3.12%. Global markets are sliding on fears of global slowdown in the euro zone and in China both regions PMI numbers are suggesting growth is contracting.
Emerging Money Heat Map: 10:00 a.m. Friday, April 20
Welcome to the emerging markets 10 a.m. heat map. Global markets are starting off strong going into the weekend. Leading the Emerging Stock index are ABV 1.78%, HXM 1.57%, BBD 1.54%, FXM 1.54% with ERJ -2.52% taking hit on a downgrade from Goldman (GS) taking the stock down to a neutral from a buy along with some negative headlines.
