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
Category Archives: Currency Insights
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 $2,050. The Rand has been on top form this week trading close to its support at R15.00 and that is driven by
25
Feb
Feb
overview The Rand began the week on a strong note until markets dumped emerging currencies after Russia launched the biggest attack on a European state since WWII.Long term risk is set to remain pressuring market sentiment until the conflict is resolved, which isn’t expected to occur soon. The week saw dollar-rand poised to close below
18
Feb
Feb
overview Global risk appetite and safe haven gold have boosted support for the Rand this week. Lows are being tested for the Rand pairs, but now attention shifts towards next week’s budget talk and US policy as march central bank decisions approach. The Rand has been showing off and dominating against a basket of emerging
11
Feb
Feb
OVERVIEW US inflation data and local SONA were the events of the week, each event resulted in a temporary market surge in opposite directions on USDZAR.US inflation caused panic for investors and reactions were mixed on the State of the Nation Address from our President.Inflation is becoming a dilemma to Central Banks as they contemplate
28
Jan
Jan
OVERVIEW Political tensions, a hawkish Fed and positive US GDP boosted the dollar this week.Despite the SA interest rates being hiked, the rand did not see much of a reprieve from dollar strength. A combination of geopolitical factors and economic releases saw the dollar triumph and recover losses this week.The US saw a positively received
21
Jan
Jan
SA Markets Dollar-rand saw a range bound start to the week, with no clear direction as the pair moved sideways with markets waiting to see the outcomes of central bank decisions next week. Despite an underlying tone of strength for the dollar, Wednesday saw USDZAR move under strong support levels such as R15.50/$ and R15.35/$.
14
Jan
Jan
Dollar’s counter-cyclical behaviour and market players closing positions plays into the hands of Rand importers.Post CPI data and certainty of US rate hikes have allowed the rand to reverse late 2021 losses. SA Markets This week, the rand saw some of it’s strongest trading days since the beginning of November. Thoughts are that investors pulled
07
Jan
Jan
OVERVIEW Markets Await US Non-Farm Payroll Figures, Expectations Are for Payrolls To Accelerate.Omicron May Have Impacted Unemployment And Job Data Will Have To Highly Outperform To Boost Dollar. Price action of the USDZAR is influenced by interest rates, economic data, politics and/or volatility caused by technical reactions or investor sentiment. This week the pair was
31
Dec
Dec
overview Price action will be muted today with several nations already experiencing public holidays. The dollar is on the front foot against the rand as we move into the new year, USDZAR set to close 2021 near R16.00/$. The dollar remains at stable elevated levels as trading thins out with Japan and Australian markets already
