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
Category Archives: Forex News
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
Currency Insights, Forex News, Uncategorized
Week 24- U.S Fed Delivers Biggest Interest Rate Hike in 28 Years.
17
Jun
Jun
OVERVIEW The Federal Reserve Bank of America raised their interest rates by 75 basis points on Wednesday. This is the biggest rate hike since 1994. Although the Fed has made one of the biggest moves to curb inflation, they are now faced with the reality of a recession as fears ripple through the markets. U.S
10
Jun
Jun
OVERVIEW The Rand has strengthened tremendously against major pairs this week, ahead of U.S inflation today. The Core CPI will be key for next week’s FED interest rate decision. Dollar weakness has been seen across the board and we are yet to see how investors digest inflation data. U.S AND SA MARKETS The U.S has
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
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.
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
