ZAR INTEREST RATE 25 MARCH 2021
Posted: Thu Mar 25, 2021 12:48 pm
ZAR INTEREST RATE 25 MARCH 2021
Country of release - South Africa
What does the data mean to the market? Higher interest rates are great for the value of the currency. Higher interest rates will create a BUY on ZAR Pairs and vice versa.
Historic Deviations and Their Outcome
We see deviations often. We have seen 4 deviations since November 2018.which is great from a two-monthly report.
April 2020 - We had a surprise cut of 1.5%, it was unscheduled, and the market wasn't ready to react. We don't have a chart for this, as it's an infrequent scenario.
March 2020 - An excellent cut of -0.50 gave a 1600 pip move over 3 mins. Not on the chart the data arrives 9 mins late, so the chart time is 13.09
See charts here.
https://calendar.galaxysoftwareinc.com/ ... 03-19;r=M1
Today's Forecasts
Forecast No Change at 3.50%
Today's Trade Plan
If we see a 0.25 deviation, then we can expect the market to go into shock, and we would target a total move of at least 800 pips. Hopefully, this would provide multiple opportunities to enter and rack up some nice pips.
Tradeable Pairs
USDZAR, EURZAR
Country of release - South Africa
What does the data mean to the market? Higher interest rates are great for the value of the currency. Higher interest rates will create a BUY on ZAR Pairs and vice versa.
Historic Deviations and Their Outcome
We see deviations often. We have seen 4 deviations since November 2018.which is great from a two-monthly report.
April 2020 - We had a surprise cut of 1.5%, it was unscheduled, and the market wasn't ready to react. We don't have a chart for this, as it's an infrequent scenario.
March 2020 - An excellent cut of -0.50 gave a 1600 pip move over 3 mins. Not on the chart the data arrives 9 mins late, so the chart time is 13.09
See charts here.
https://calendar.galaxysoftwareinc.com/ ... 03-19;r=M1
Today's Forecasts
Forecast No Change at 3.50%
Today's Trade Plan
If we see a 0.25 deviation, then we can expect the market to go into shock, and we would target a total move of at least 800 pips. Hopefully, this would provide multiple opportunities to enter and rack up some nice pips.
Tradeable Pairs
USDZAR, EURZAR