Please find attached the weekly JSE TOPI Index update.
South African Markets
Rand Weekly Report – 11 Nov 2024
Event risk has added a fair amount of volatility, but without a meaningful change in the prevailing view.
The interim Report of a possible down break through important support levels were put on hold after a sharp bullish reversal off the important support/ break levels.
Whereto from here: While volatility decreases certainty and creates doubt, it seems that the long held technical outcome remains preferred.
Rand Update – 07 Nov 2024
Please find the generally requested medium term update on the USD/ZAR pair.
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