I feel that we are seeing so much good news and the market just does not respond to this going up more, this is always worrysome so I am really keeping an sharp eye on the short term news flow for now.
We just took a very short ZAR vs USD position at 6.75, it seems like the USD wants to strengthen a bit after the recent sell-off. We will be looking to sell this position at around 6.85 to 6.92.
It's Easter weekend and time to close some long positions, why pay interest on geared positions for 4 days and run event risk as well. The markets closed for 4 days is a long time in a trader's life.
Enjoy your Easter and drive safe!
Pierre
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