As the bad weather closes in expect another tough week for the Rand. A difficult week for the Rand last week. As the severe cold front closes in on most of South Africa, we expect another difficult week of trading for the Rand. USD/ZAR is currently trading around 13.75 this morning (05:30 AM). A daily
Category Archives: Forex News
14
Jun
Jun
We still think this Rand is going higher, and only a close below the short-term trend line will show us better levels down to 13.10’s in the short term. Today I feel we will trade 13.24 – 13.42 range. USD/ZAR Yesterday evening the US Federal Reserve increased US interest rates by another 0.25%, which markets
17
May
May
USD/ZAR – The Rand regained 50% of its losses from Monday/Tuesday Possible best buying today around 12.40 with a move back up to 12.52 highly anticipated. The market is waiting to see what the Federal reserve will do with US interest rates next week. The US Federal Reserve has maintained a fairly hawkish position throughout,
16
May
May
The US dollar blasted through 12.45 level yesterday and all the way up to 12.65 versus the Rand. Opening this morning we are a fraction off that high, with the market currently trading at around 12.58 mid-market. That being said, we expect to see some better buying opportunities today of 12.50. Based on the way
17
Apr
Apr
Protect your profits, cut your FX costs and hedge your FX risk Benchmark your bank. Use an intermediary broker to improve your rates Be vigilant about hidden fees Don’t underestimate the benefit of a good hedging strategy Simplify your FX product purchases 01. Benchmark your bank Banks are all structured the same which makes them
