Rand tests R17/$ as market crashes amid panic & fear
Anyone who thought that Coronavirus wasn't a "big deal" has changed their minds after this last week, as we saw global turmoil follow the spread of the virus.
Thursday was the
Panic & fear...global recession & market collapse
Reality always takes a while to sink in.
Many times, this is because of the after-the-fact analysis which takes place to see just where things stand.
And then panic and fear becomes
RAND ALERT: R15.80/$ | R17.40/€ | R20.25/£...what next?
One of the most brutal weeks has come and gone, leaving global markets - including the Rand - in tatters.
It was a week of promise - one looking forward toward
Rand battles hard...but now it's Budget 2020 time
Pressure has continued to sap the life out of the ZAR, as we see another week hovering in and around, and eventually over the R15/$ mark.
With a storm of both
Rollercoaster Rand follows the Elliott Wave Principle
Another interesting week for the Rand passes...
And what made it really interesting was how the Elliott Wave Principle telegraphed most of the week's moves before they even happened!
The global news
Jittery Rand breaks R15/$ (again)...what now?
Despite the Rand's best efforts, it just cannot catch a break.
Back over R15/$ to end the week really added to the lack of optimism in the country... (which has been
Panic as Rand slips to R15/$...where to now?
Well, well… what a week for the Rand.
2020 has certainly kicked off with a bang, as the Rand has endured one of the worst starts to the year in its
Choppy Rand regains lost ground...
Another choppy week for the Rand saw it touch its worst levels in a few weeks before its fortunes turned around and it managed to regain its losses plus some,
Rand tracks sideways...but what next?
A rummy old week for the Rand as we saw the market tracking sideways for the most part, making for a very boring week when it came to market movement
Rand rides the 2020 storm
And we are back with our first Rand Review of 2020...
Trust you are feeling refreshed and rested - and ready and raring to tackle the new year with vigour!
It was
Rand rallies on Trade War despite Eskom...
A traumatic week is over, with South Africans hoping for a lighter and brighter 5 days ahead...
Eskom dominated the headlines with rolling blackouts as high as Stage 6, wreaking havoc
Rand rides calmly above the storm...for now
An intriguing week for the ZAR has come to a close with the market having ping-ponged from high to low for the majority of the 5 days.
Rand volatility is at
Rand treads water, but it won't stay that way...
A quiet week in the markets saw the Rand range-bound for the course of the 5 days, with all eyes waiting on trade news from US & China.
Then there was
Rand rides the Trade War 30c stronger
It was an interesting week as we waited for news on the Trade War while local SOEs took center stage again...
Uncertainty continued to dominate, bringing range trading and hesitant markets.
The
Rand dodges Moody's bullet...now what?
An interesting few days, as the Boks brought it home and Moody's didn't drop the guillotine.
While the Rand was range-bound for the most part of the week, there was a
Moody Rand collapses back over R15/$ ...
After a few weeks of positive Rand performance, a change in fortunes was surely coming...
...and come it did, in dramatic style!
In a week of events, news, shocks and disasters, the
Rand holds strong...where to next?
Another week, and another win for the Rand as it continues to fight the global and local pressures and prevail over them both...
Economists were left confounded once again that despite
Rand waits on Brexit and Trade War
Another topsy turvey week from the Rand as we saw the market testing up above the R15/$ level, before breaking down lower again to sub R14.80...
It was a week of
Rand powers on - can it continue?
What a week for the Rand, as the Rand turned an early setback around to end the week with all guns blazing, rushing down to sub R15/$ for the first
Non-Farm Payrolls triggers ZAR to end strong
A roller-coaster week for the Rand, which saw the market lose ground against all the majors in the early part of the week before clawing its way back - with