overview All eyes are on the U.S as they will be releasing their Non-farm payrolls later today. This will provide investors with much needed insight before their next move. Risk sentiment for the Dollar has since decreased as investors remain cautious before they see the jobs data report. u.s and sa markets Global stocks are
Category Archives: Currency Insights
Currency Insights, Forex News
Week 21 – Poor Economic Data This Week Creates Uncertainty In the Markets.
27
May
May
overview This week, the main focus was on the major currencies posting weaker than expected data amidst rising inflation. The Euro Zone will also be joining the band wagon of increasing interest rates in the near future. U.S AND SA MARKETS The Dollar dropped to a one-month low against a basket of currencies including the
20
May
May
OVERVIEW The Rand gains its two week losses after South Africa sees its biggest interest rate hike in 6 years. This comes after the SARB governor announced that they will be hiking our interest rates by 50bps effective from today. U.S AND SA MARKETS The U.S Dollar is trading weaker after treasury yields in the
Currency Insights
Week 19 – Currencies Choke and Economic Growth Set to Decline on Global Inflation Pressure.
13
May
May
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
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
