US Economy Experiences Deepest Contraction In 75 Years and ‘Robinhood’ Forum Groups Target Hedge Funds. USD/ZAR News Data this week emphasized that 2020 is without a doubt was a cataclysmic year, as it brought the largest annual decline in the US economy since 1946. A very rocky week in the markets with investors shifting to
Category Archives: FX Paymaster News
22
Jan
Jan
USD/ZAR News Inauguration week was the talk of the week for the vulnerable dollar.The arrival of President Joe Biden and Vice President Kamala Harris boosted the hopes for more stimulus and thus increased risk-on appetite.This appetite kept the dollar weak for most of the week, with investors remaining speculative over the American currency.Positivity remains around
08
Jan
Jan
Rand News – A big reaction in the markets from investors has developed into a fourth day of Rand weakness USD/ZAR News After the Democrats won the election in Georgia, the US experienced violent protests at Capitol Hill. However before the election the Dollar had already started strengthening when market players came back from Holiday.
18
Dec
Dec
Rand News – South Africa is the hardest hit coronavirus country on the African continent however this didn’t stop the rand from being fuelled by the emerging market rally this week. USD/ZAR News Having starting the week at a high of R15.09/$, we saw the USDZAR drop almost 50 cents to a low of R14.63/$
11
Dec
Dec
Rand News – After surprising improvements in our GDP data on Tuesday, the news saw a break on USD/ZAR under the R15.00/$ mark. In the coming week we will see a tug of war, strength for the rand from risk appetite and dollar strength once the vaccine is rolled out. USD/ZAR News The worlds most
04
Dec
Dec
Rand News – The Rand experienced a cautious week with whispers of a mini lockdown creeping into the markets however progress made on vaccines this week continues to help boost risk appetite. USD/ZAR News Pressure prevailed this week on the dollar, keeping USDZAR in a minor sideways trend between R15.20/$ – R15.45/$.Four large factors which
26
Jun
Jun
Transferring money directly through a bank is expensive. This is because the margin and fees applied by the bank are usually determined by the size of the business, the volume of currency they move or the number of payments they make. So, in this respect – size unfortunately does matter and it’s the reason why
20
May
May
A warning to international businesses, bank fees are unnecessary and killing your business. FX Paymaster educates South African businesses that there is a better way of doing business overseas, and one that does not have to involve hidden fees. If you send money overseas for offshore investment or if you make regular payments to foreign
FX Paymaster News
South Africans are taking advantage of a pricing disparity that exists between Bitcoin Exchanges
14
May
May
Are you looking to buy Bitcoin overseas? South Africans are taking advantage of a pricing disparity that exists between overseas Bitcoin Exchanges and South African Bitcoin Exchanges. They’re not trading, investing or speculating in Bitcoin – they’re purely buying it overseas where its cheap and selling it locally where it’s expensive. Understanding arbitrage Arbitrage isn’t
12
May
May
What does the future of retail banking look like in a period of tremendous economic uncertainty? COVID-19 has had a huge impact in the future of retail banking. These days people bank on their phones so there’s really very little need for physically branches. Consumers have been calling for the digital transformation of the banking
