The USD market has not had much economic data release this week. On Wednesday, the U.S had their JOLTs Job Openings, which measures job vacancies in the U.S. A reading that is stronger than forecasted is generally supportive for the USD, while a weaker than forecasted reading is generally negative for the USD. It was
Author Archives: Mike
21
Jan
Jan
SA Markets Dollar-rand saw a range bound start to the week, with no clear direction as the pair moved sideways with markets waiting to see the outcomes of central bank decisions next week. Despite an underlying tone of strength for the dollar, Wednesday saw USDZAR move under strong support levels such as R15.50/$ and R15.35/$.
14
Jan
Jan
Dollar’s counter-cyclical behaviour and market players closing positions plays into the hands of Rand importers.Post CPI data and certainty of US rate hikes have allowed the rand to reverse late 2021 losses. SA Markets This week, the rand saw some of it’s strongest trading days since the beginning of November. Thoughts are that investors pulled
09
Jul
Jul
South African Rand News The local market results remain mixed this past week, with the JSE having its worst day in nine months on Thursday. Markets were awaiting the release of the Fed minutes to see if there would be any changes to the current monetary policy. What is clear now is that growth expectations
05
Jul
Jul
What is the cheapest way to send money from South Africa to Australia? If you’re looking for something fast, easy, cheap and reliable then using a company like FX Paymaster is your best option. They offer a fixed exchange rate margin of 0.75% on all ZAR/AUD payments and a flat transfer fee of just R250
02
Jul
Jul
Positive Data And Safe Haven Status Played In The Dollars Favor This Week. American MarketsThe dollar traded cautiously this week as investors await the key jobs report for June later today.Yesterday’s initial jobless claims data reported a lower than expected result, causing the dollar to spike in late trade and hit multi-month highs.Investors continue to
24
Jun
Jun
Skilled migration will form a big part of Australia’s COVID recovery strategy. According to Australia’s Immigration Minister, Alex Hawke: Skilled Migration will form a large part of Australia’s post covid recovery. Australia’s government will need to make a strong commitment in the future to fill critical skills gaps. Australia’s industries are growing and it’s clear
15
Jan
Jan
USD/ZAR In this weeks Rand News. The US dollar started the week on the backfoot as pressure to impeach President Donald Trump increased. On Wednesday, headlines concluded that President Donald Trump has become the only President in US history to be impeached twice, however is unlikely to be convicted as congress surely wont gather enough
05
Jan
Jan
A guide to help you save time & money when transferring funds to Australia. If you’re in the process of moving to Australia, then you’ll know how stressful and overwhelming the process can be. There are so many things to think about and consider like when to go and where to live. Australia is also
04
Jan
Jan
So what exactly is a CCN or Customs Client Number? How does it apply to me and my business and do I need one if I am importing goods into South Africa ? A CCN or a Customs Client Number is an Importers Code. Any person or business in South Africa wanting to import goods,
