Relative Underperformance Likely to Continue Our 1Q’21 forecast for gold prices was both incorrect, insofar as gains were expected, and correct, with other metals, precious or otherwise, pacing the field ahead of bullion. But the […]
Bullish USD/ZAR, EUR/ZAR– Rand Strength May Soon Dissipate Since mid-2020 the South African Rand has ridden the wave of “risk-on” sentiment similar to many Emerging Market (EM) currencies (see chart below). The country’s long-term structural […]
EUR/GBP Aims Lower as Eurozone, UK Covid-19 Paths Diverge In early February, the Euro breached support which had confined its losses against the British Pound back to mid-May 2020. That opened the door for a […]
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