28 March 2017
What a month for the Rand!
A month of shock news and shock moves -
Starting off GOOD, then going BAD...
... and ending up really UGLY.
If ever
This past week was nothing short of a blitzkrieg.
An annihilation.
But not the type we have come to know over the years with the USDZAR...
...for once, it was
Well...
Where do we even start reviewing a week like this?
In perhaps one of the most startling turnarounds of the year, the Rand pulled off a heist of note,
A week which began so well for the Rand...
...and then it all fell down in a heap.
The past few months have seen consistent strengthening for the Rand, leading
A week which was neither here nor there...
...but more than enough see-saw activity to provide some headaches for those with a forex exposure.
With positivity still booming, many were
What a comeback!
After attacks from all corners with a horrendous State of the Nation, Bank Collusion scandals and more, the Rand pulled some wonderful tricks out the hat this
I talk a lot about how great the Elliott Wave Principle is.
Dynamic Outcomes is reliant on it, with every forecast being worked out using it.
But why would our
After a barnstorming previous week, we expected nothing short of exactly that, once again for this past week...
And yes… our anticipation (more like worry), was not far wrong!
Hectic. Worrying. And yet, just as predicted...
All these words are correct in their description of the past week - an exciting story of 5 days of manic moves, as
Another week.
Another whirlwind week.
Once again, the Rand’s movements were anything but normal.
But then, maybe this is the 'new normal' after the past 2 years?
Scary thought!
As
So...
Over the last couple of days, I warned you as to how:
Bank's are literally robbing most people every day on forex transfers...
And then how SARS is
Yesterday we looked at how bank's are likely robbing you for transferring funds offshore.
BUT...
There is more to it. More frustration.
More problems.
More cost.
A lot of people
This was a rather topsy-turvy week for the Rand, with the defining event being the US Fed announcement of increased interest rates for only the second time in a decade.
A week which started so well for the Rand, had a mid-week collapse, and then gained most of it back again.
On the back of escaping Moody's and Finch's #JunkStatus
A fair week for the Rand - it gained some ground, and jumped some hurdles.
When one takes a look at the line-up of events that passed over the previous