George Glynos
George Glynos
buck driven platinum reluctant trend
The strengthening trend is very much intact. I'd be very reluctant to buck the trend. It's very much driven by the commodities, with platinum approaching $1,000.
declined historical rand
If you look at the historical volatilities of the rand you'll find they have declined through the year.
declined historical rand
If you look at the historical volatilities of the rand you'll find that they have declined through the year.
remain
It should remain in a 6.12 to 6.20 range.
cricket matters morning talking
Every person that has come in this morning has been talking about the cricket. It's all that matters at the moment.
corporate couple dollars few guys market order rand short sitting squeezed stops supposedly
Supposedly a corporate order went through the market this morning. It squeezed a couple of guys who were sitting short dollars and triggered a few stops and the rand popped up to the top (weakened).
commodity keeping mainly rand
It's mainly the commodity play that's keeping the rand resilient.
areas foreigners government land purchasing reason rural socially wanting wants
There is a socially responsible reason for wanting to redistribute land and foreigners may be purchasing land in rural areas where the government wants to redistribute.
closer commodity gold price rand recovery seen slightly trade
We have seen a recovery in the gold price and commodity currencies have consolidated slightly off their lows, which bodes well for rand resilience. The rand could trade closer to 6.20/22/US$.
dollar expect levels rand test
We would expect the rand to test levels of 6.22/23 to the dollar and consolidate around there.