The JSE and finance forum for South Africa
General Category => Shares => Topic started by: Bevan on October 02, 2014, 07:13:55 pm
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Looks like EUR:USD forming a bottom and potential upside breakout of this medium term strong Dollar. US stocks should start recovering as USD weakens and ZAR should also strengthen a little from here. However, gold likely to fall or at best stay flat, unless news out about rate increases.
I'm calling around 11.10 for next week USD:ZAR (currently 11.22) and both US and SA equities to consolidate and bounce around sideways here for a bit. Following that, if equities go south from there we can all pack up shop because that could be a nightmare ride into the end of the year. I think the Dow should find a floor at 16650 (currently around 16770).