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: Forex News
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 $2,050. The Rand has been on top form this week trading close to its support at R15.00 and that is driven by
18
Feb
Feb
overview Global risk appetite and safe haven gold have boosted support for the Rand this week. Lows are being tested for the Rand pairs, but now attention shifts towards next week’s budget talk and US policy as march central bank decisions approach. The Rand has been showing off and dominating against a basket of emerging
28
Jan
Jan
OVERVIEW Political tensions, a hawkish Fed and positive US GDP boosted the dollar this week.Despite the SA interest rates being hiked, the rand did not see much of a reprieve from dollar strength. A combination of geopolitical factors and economic releases saw the dollar triumph and recover losses this week.The US saw a positively received
31
Dec
Dec
overview Price action will be muted today with several nations already experiencing public holidays. The dollar is on the front foot against the rand as we move into the new year, USDZAR set to close 2021 near R16.00/$. The dollar remains at stable elevated levels as trading thins out with Japan and Australian markets already
24
Dec
Dec
OVERVIEW Rand sleighs to lower support levels this week as we approach Christmas. Dollar suffers worst week of losses since September as sell-off see’s investors head to riskier currencies and assets. The dollar came up short against a myriad of currencies this week due to risk appetite support. The rand saw better buying levels last
10
Dec
Dec
OVERVIEW A risk rally boosted the rand this week until SA manufacturing data dropped by 8.9% and global restrictions caused investors to turn to the dollar safe haven. 52 year job market lows and upcoming Fed meeting is supporting the greenback, focus shifts to todays US inflation data. It has been a quiet week on
Currency Insights, Forex News, Uncategorized
Rand News – ZAR Collapses To Over R16.20/$ Due To New Covid Variant.
26
Nov
Nov
OVERVIEW Investors Drop The Rand Due To New “Worst Ever Seen” Variant. Investors Charge Away From Risk And Into Look For Cover In A Firm Dollar Safe Haven. The elevated levels we were expecting to gradually test have come with an unexpected bang as a new variant is spreading in SA. USDZAR fell over 2%
29
Oct
Oct
overview Central bank decisions fired up volatility this week, leaving the rand on the backfoot with elections and a tough budget speech approaching in coming weeks. The rand and emerging market currencies have been volatile this week with central bank decisions taking center stage and rocking the boat. The rand proved to be much weaker
Currency Insights, Forex News, Uncategorized
Rand News – U.S. Debt ceiling extended aids Dollar support
08
Oct
Oct
OVERVIEW A close save for the U.S. as Senators extended the debt ceiling last night, till early December, saving the largest economy from what would have been their first ever default. Market focus turns to the U.S. employment data release today. A wild ride for the South African Rand this week as it started on
