OVERVIEW The rand sets up for a weekly loss as dollar bulls triumph and investors launch a ZAR sell-off. Investors shifted focus from the temporarily overbought rand and moved to this week’s safe haven being the dollar.. We saw a stark contrast to the rand’s performance this week as opposed to last week’s emerging market
Category Archives: Uncategorized
10
Sep
Sep
OVERVIEW Emerging markets benefit as the Dollar continues to struggle in it’s lowest levels since early August after a bad US Job market result.The week’s expectation of the ECB reducing stimulus was fulfilled and the UK is flooded by a ‘ping’demic as their GDP figures disappoint. Investors long anticipated the ECB meeting with focus on
03
Sep
Sep
overview US ADP job figures were weak but initial jobless claims show the critical Nonfarm payrolls may show a much better than expected pandemic low in unemployment for the US.The rand remains in demand with commodities acting as safe havens but a shift may occur if the US job report impresses. sa markets Investors moved
27
Aug
Aug
overview The dollar retreated this week as investors took to the side-lines while awaiting tapering confirmation from the US Fed Chair. The SA job market fell to record turmoil but emerging market demand kept the rand afloat. The rand lost ground last week and saw major currencies jump to 9-month highs, however this week painted
20
Aug
Aug
OVERVIEW Dollar strengthens against virtually all counterparts as the greenback reaches 7 month high off of tapering expectations and improved jobless claims data. SA MARKETS The possibility of asset-tapering has been talked about for quite some time however the confirmation of sooner than expected asset tapering shook the market this week. The dollar was already
06
Aug
Aug
August has started off with a shuffle of volatility as USDZAR saw a spread of 50c due to market conditions changing on the daily. We saw the dollar being sold off in the beginning of the week with comments from the Fed and uncertainty over the looming job data and global recovery dominating – pushing
16
Jul
Jul
Local markets lost ground this week due to the country’s civil unrest. As provinces were gripped by violence, the USDZAR was also held hostage with the pair spiking from a low of R14.23/$ and reached a weekly high of R14.79/$ on Wednesday. Africa’s most industrialized economic hub has made global headlines due to the riots,
02
Jul
Jul
Positive Data And Safe Haven Status Played In The Dollars Favor This Week. American MarketsThe dollar traded cautiously this week as investors await the key jobs report for June later today.Yesterday’s initial jobless claims data reported a lower than expected result, causing the dollar to spike in late trade and hit multi-month highs.Investors continue to
24
Jun
Jun
Skilled migration will form a big part of Australia’s COVID recovery strategy. According to Australia’s Immigration Minister, Alex Hawke: Skilled Migration will form a large part of Australia’s post covid recovery. Australia’s government will need to make a strong commitment in the future to fill critical skills gaps. Australia’s industries are growing and it’s clear
Currency Insights, Forex News, Uncategorized
Rand News – The US Dollar rejoins market demand with heightened interest this week
18
Jun
Jun
USD/ZAR News The Dollar has strengthened this week after months of consecutive losses. Investors and market players adopted a wait-and-see approach leading up to The Fed’s meeting on Wednesday. Markets were pretty flat leading up to the key risk event and the complete opposite thereafter. The Fed announced an expected unchanged rate decision. What seems
