The government should enforce the Financial Management Act to seal off routes through which the country loses money.

A WEAKER dollar helped gold gain traction yesterday after its recent sharp plunge as investors sought direction from dollar movements and indications of inflation or deflation in the US and as jewellery buyers remained on the sidelines.

THE Reserve Bank of Zimbabwe has re-introduced bureaux de change as it further liberalises the foreign exchange market in line with the multiple currency system introduced in February.

EUR/CHF's rise from 1.5108 is still in progress and intraday bias remains on the upside as long as 1.5297 minor support holds. As discussed before, correction from 1.5380 should have completed and retest of this resistance should be seen. Break

Intraday bias in EUR/GBP remains on the downside with 0.8583 minor resistance intact. As discussed before, choppy corrective rise from 0.8399 should have completed and whole decline from 0.9494 is still in progress. Further fall should be seen to 0.8399

USD/CHF retreats ahead of 1.0938 resistance and touching of 1.0840 minor support, with 4 hours MACD dragged below signal line, indicates that an intraday top is formed. Intraday outlook is turned neutral for the moment. Considering that 1.0938 resistance is

EUR/JPY's break of 134.33 minor resistance suggests that retreat from 136.08 has completed. Intraday bias is flipped back to the upside. Break of 136.08 will indicate that rise from 127.08 has resumed. Also, note that correction from 139.21 should have

GBP/JPY's rally extends further today and at this point, intraday bias remains on the upside as long as 155.19 minor support holds. Further rally should be seen to 160.24 resistance first. As discussed before, correction from 162.56 should have completed

The single currency remained under pressure after forming a 'doji' star earlier this month at 1.6329 and the break of 1.5346 support indicates the decline from 1.7509 top is still in progress for correction of medium term upmove to 1.5106

Although the single currency rose to as high as 136.11 this week, as price is still trading below indicated key resistance at 136.90, suggesting further consolidation would take place, however, the Ichimoku cloud bottom (now at 131.17) should limit euro's