Daily Archives: July 16, 2013
JOHANNESBURG: (Steve M jobs)– The SA National Defence Force and its solders are not engaged in combat with rebels in the Democratic Republic of Congo (DRC).
The not-so-easy road to attaining CA(SA) accreditation.
High levels of youth unemployment in the OECD spell trouble.
New report describes in gory detail what happened to widows’ and orphans’ cash.
Reckless credit filling a gap in the market.
A soft German ZEW survey saw European equities in retreat at the start of the overnight session
AUD/USD continues to head back towards the key $0.9343 resistance level with the pair having closed above the 21-DMA for the first time since mid April. This helps relieve the immediate bearish focus but a close above the key $0.9343 level is needed to see focus shift higher to tests of the $0.9665 high from early June. While the $0.9343 level caps we will continue to look for dips back to the recent 2013 low.
R 4: $0.9795 – 50.0% Retracement of 1.0582-0.9008 move
R 3: $0.9665 – High June 6
R 2: $0.9609 – 38.2% Retracement of 1.0582-0.9008 move
R 1: $0.9343 – High June 26
Latest price: 0.9238
S 1: $0.9150 – Hourly support July 16
S 2: $0.9087 – Low July 15
S 3: $0.9008 – 2013 low July 12
S 4: $0.8771 – Low Aug 25 2010
At around 0.7880, the NZD/USD is opeing the Asian session threatening to break through the top end of the 0.7685-0.7900 range. A surging AUD and broadly weaker USD have both conspired to send the NZD higher. Yesterday’s eemingly innocuous RBA minutes proved to be the catalyst for a sharp rally in the AUD. The RBA retained its easing bias, but noted the inflation outlook was now stronger thanks to the 10% depreciation in the AUD. In resonse, Aussie interest rate markets trimmed the chances of an August RBA rate cut to around 50% (from closer to 70%), and the AUD/USD jumped around a cent to above 0.9240. The AUD’s outsized reaction probably had a lot to do with the fact short positions in the AUD had been running close to the highest on record.
There appears to be no end to the suffering of Ina Bonnette, former wife and victim of the “Modimolle Monster”, Johan Kotze.
Four men disguised as artisans and carrying explosives and unlicensed firearms have been arrested, allegedly shortly before they could blow up a Tshwane Metro Police vault.