In our weekly round up this week, we look at some important data released and the affect this has had on the currency market. USD/ZAR The dollar saw a revival from last week’s vulnerability, firming progressively in a surge to closely near it’s largest gains in almost 6 months.Renewed hopes of a economic stimulus package
Category Archives: Forex News
18
Sep
Sep
In our weekly round up this week, we look at some important data released and the affect this has had on the currency market. USD/ZAR The dollar continued to remain vulnerable this week, gearing up for a weekly decline of around 0.3% against major currencies.Factors preventing the greenback from reversing its current downward trend include
11
Sep
Sep
In our weekly round up this week, we look at some important data released and the affect this has had on the currency market. USD/ZAR The greenback started off the week with a sombre stabilization, finding footing in the long weekend with Monday being Labor day.We saw some price action on Tuesday as the pricing-in
06
Sep
Sep
In our weekly round up this week, we look at some important data released and the affect this has had on the currency market. USD/ZAR The USD underwent a bearish beating this week with markets digesting the Fed’s policy in a negative manner before other data such as manufacturing and employment stats showed promise in
28
Aug
Aug
In our weekly round up this week, we look at some important data released and the affect this has had on the currency market. USD/ZAR Talk of the week was undoubtedly the Fed’s Jackson Hole symposium, which produced the Federal Reserve’s aggressive new approach to increase employment and a resilience to inflation. The Fed will
21
Aug
Aug
In our weekly round up this week, we look at some important data released and the affect this has had on the currency market. USD/ZAR A bearish week ensued for the greenback, testing R17.50/$ on Monday and losing ground to level out with most investor buys being placed at an average of around R17.28/$. A
21
Mar
Mar
The Rand has taken a huge hit these last 2 weeks due to the coronavirus pandemic. Markets are clearly concerned about the impact that Covid-19 will have on the SA economy and our overall fiscal position. We’re encouraging clients to take a proactive stance on their foreign exchange commitments. If you’re in the process of
05
Sep
Sep
The main news out yesterday, “South Africa enters a technical recession”. This hit the Rand even harder yesterday with a level of 15.38, into late afternoon. On the market, we opened around the same level this morning. As released in our Daily Rand Traders view, we expected to see a high of 15.65 either today or
12
Jul
Jul
Rand consolidates, gives up some gains. The rand lost 1.4% against the dollar yesterday, as the trade war between US President Donald Trump and China over tariffs escalated. We expected some consolidation. Its important to remember the market is driven by speculative traders, big banks trading either the intraday volatility or taking short or long
09
Jul
Jul
The Rand is gaining ground this week in the wake of softer US data. We’ve broken a couple of key technical levels this morning. Initial support at R 13,40 is holding ground at the moment although we have tested lower. The market has lingered around here twice before so there is a fair amount of
