overview The U.S economy is facing its toughest inflation problem since the 1970’s and early 1980’s. The effects of this coupled with a shortage of oil supply, is being felt globally. On the other hand, The Rand is performing better against major currencies this morning. u.s and sa markets U.S inflation data was released on
Author Archives: Ras Theron
06
May
May
OVERVIEW Investors took advantage of the biggest rate hike in over 20 years from the Fed this week, taking USD/ZAR to R16.20/$ on Monday, levels last seen in December 2021. The US delivered their biggest interest rake hike in around 20 years this week rallying the dollar to over R16.00/$ before the monetary policy announcement.
29
Apr
Apr
overview The Rand has faced major bullish strength across the board in the past two weeks. Volatility is expected next week as the FED is due to hike their interest rates again and US jobs data is due to be released as well. The Dollar’s strength this week was buoyed by bets on rising U.S
22
Apr
Apr
overview Supporters of the Dollar are back and better than ever, viciously rallying the markets this week to 2 year highs and it may seem as though it’s only up from here for the greenback. Markets opened at R14.60’s/$ on Tuesday after the long Easter weekend, however after a Stage 4 announcement from Eskom, the
08
Apr
Apr
OVERVIEW After a few weeks of gains for the ZAR, the currency market was rather flat this week as the Rand struggled to push further than R14.50/$. Market players have started favouring the USD after Fed minutes released on Wednesday showed a possibility of aggressive rate hikes to come, with their next meeting being in
01
Apr
Apr
OVERVIEW This week has been a rather quiet week in the markets, fortunately the silence has been in favour of the South African Rand as it has been strong against other currencies. There has not been much volatility in the market this week for USD/ZAR as there has not been much economic data released to
Currency Insights, Forex News
Week 12 – Rand remains dominant in the markets despite inflation woes.
25
Mar
Mar
OVERVIEW The Rand finds support from a 25bp interest rate hike by the SARB MPC and remined on top form this week amid inflation woes. This week, the Rand has seen some of it’s strongest trading days since October 2021. Market views are that investors already priced in a 25bp interest rate hike before the
Currency Insights, Forex News, Uncategorized
Week 11 – Interest Rate Hikes Increase Global Risk Appetite.
18
Mar
Mar
overview Major central banks have finally changed their sentiment towards interest rates after promising hikes for the last year, a battle with rising global inflation and commodity prices. Investors have digested this as global economic recovery and Emerging Markets are reaping the rewards. The greenback had a quiet start to the week in terms of
11
Mar
Mar
overview The Rand is on track to end this week on a strong note, amidst global inflation woes and the daunting Russian invasion, resulting in commodity strength with the price of Gold topping $2,050. The Rand has been on top form this week trading close to its support at R15.00 and that is driven by
04
Mar
Mar
overview Russia takes Ukraine city by city in what seems to be a pre-planned war despite sanctions and support from the US.The Rand, even though part of the Emerging Markets, has been steadily gaining after the Fed meeting on Wednesday due to investors attention on Gold and other commodities. This week was an action packed
