overview The month of September comes to an end today, with the Rand losing ground by a full R1 to the Dollar compared to the beginning of the month. The dollar strength has been boosted by a hawkish FED paired with aggressive tightening of monetary policy. U.S AND SA MARKETS The month of September comes
Author Archives: Ras Theron
Forex News
Week 38 – Three Central Banks Delivered Anticipated Interest Rate Hikes To Combat Inflation This Week
23
Sep
Sep
overview This was a data filled week as three central banks delivered substantial interest rate hikes. The hikes have placed a spotlight on the possibility of global recession again. U.S AND SA MARKETS The Federal Reserve Bank of America hiked interest rates by 75 basis points on Wednesday which sent the greenback to a 24-year
16
Sep
Sep
OVERVIEW Inflation is giving global economies, central banks as well as consumers an extremely tough time, constantly sparking recession fears. u.s and sa markets The Dollar has already seen a high of R17.68/$ this morning, levels last seen in August 2020 during the height of the Covid-19 pandemic. The greenback is high in demand and
09
Sep
Sep
OVERVIEW Uncertainty continues to reign globally, with rising global inflation battering economies. Emerging economies such as the Rand are experiencing the backlash as capital outflows increase and investments reduce. Traders need to accept that the R17’s/$ and R17’s/EUR are the new trading grounds, and R18.00/$ is not too far-fetched for the few months to come.
02
Sep
Sep
overview The greenback gained extensively in the markets against major peers this week as investors are bracing themselves for the U.S jobs data. If the jobs data is pleasing, this will give the Fed more reason to hike interest rates u.s and sa markets All eyes will be on the U.S as we are due
02
Sep
Sep
overview This week major markets traded side-ways against the rand till Wednesday. The much anticipated Jackson Hole Economic Symposium started on Thursday and the comments of participants contributed to a lot of volatility in the market. The rand has so far strengthened against the USD, EURO and Pound but with FED Reserve Chair Jerome Powell
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Week 33 – U.S Retail Sales Data And Fed Meeting Minutes Sends Dollar Soaring to a 1-Month High.
02
Sep
Sep
overview Core retail sales boosted the Dollar this week among with comments made by Fed officials. The data released this week boosted investors’ confidence in the Dollar and gave the greenback strength against its peers in the markets. U.S AND SA MARKETS The U.S released their core retail sales this week and resulted in a
02
Sep
Sep
OVERVIEW The Dollar saw its biggest decline in five months after inflation in the U.S dropped to 8.5% from 9.1% in June. This has since left investors with alot of uncertainty as to whether the Fed will maintain an agressive stance with their next interest rate decision. u.s and sa markets The U.S released their
Currency Insights, Forex News, Uncategorized
Week 31- The Dollar and Major Currencies Lose Ground Ahead Of U.S Jobs Data
05
Aug
Aug
overview The Dollar and major currencies lost strength against the Rand in the past 2 days after weak initial jobless claims was released in the U.S. Anticipation has risen on how the non-farm payrolls will perform later this afternoon and will determine how the markets will move in the coming week. u.s and s.a markets
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Week 30- The Fed Delivered another 75 basis point interest rate hike and sent the Dollar tumbling.
29
Jul
Jul
overview The Dollar has suffered big losses after The Fed raised interest rates by an expected 75 basis points and the U.S economy contracted for the second quarter all while a recession looms. U.S AND SA MARKETS It has been quite an eventful week for the U.S as they had their interest rate decision on
