EM Rundown: The biZARre collapse in South Africa's rand

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    With Tokyo markets offline for a bank holiday (happy Coming-of-Age Day to our Japanese readers!) following the late day collapse in US equities to close last week, traders had reason to expect that we could see some volatile price action to start this week’s trade. When Chinese authorities failed to cut the country’s Reserve Requirement Ratio (RRR), as some traders had been expecting, and actually set the value of the yuan slightly higher, it dropped a firecracker into the powder keg, leading

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