Investors (and importers) looking to send funds offshore, should be doing so when the Rand is at it’s strongest and right now is a good time.
Short term traders can make outsized gains by trading derivatives that provide gearing of up to 10 times. A 3.4% move from R14.60 can turn into a 34% gain on margin.
Buy the USD/ZAR below R14.60 for a move above R15.10. Place your stop loss 10c below your entry (R14.50).
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The week ahead:
• Local: GDP (03/12); Current Account % of GDP (05/12)
• Local Results Due: SCD (03/12); VUK, SYG (04/12); AXL, NHL (06/12)
• LDT (03/12): CML, CTA, FBR, INL, INP, MEI, PIK, SPP, SSS
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