Another week on the front foot for the Rand, as the global market took a turn for the worse. It appeared as if many months of uncertainty with the Trade War were finally taking effect to the point where the Federal Reserve could no longer deny it. And yet, this was following some strong showing…
An interesting week for the Rand saw a bit of calm descend on the markets, as we traded in a narrower range from Monday through to late Thursday... ...an unusual calm for the Rand, that was for sure, as it edged lower into the target areas per our predictions the previous week! Then Friday brought…
In a flash, we have half the year behind us. And it has been one of mixed fortunes for the Rand, as we have seen it duck and dive its way through the different hurdles that have been thrown at it in just 6 months... This week was one of the more calm ones of…
Well, well, well... With the Rand on the ropes (with Eskom slumped by its side), it pulled off a major comeback week to strengthen over 3% in a few days to break well below R14.50 once again. Relief for importers had arrived. From SONA to Eskom to Iran, it was quite a week... Let's get…
What a rummy old week for the Rand... In fact, a rummy old month! June has been chaos from one end to the other! Mr. Market never ceases to amaze, as the volatile 2019 continued. The month has already seen a range of nearly 80c, with a low of R14.40, and a high of R15.17...…
The week could not have ended a moment too soon for the Rand, as it limped in to the finish line with hope all but lost... A collapse of epic proportions meant that the Rand hit R15 to the Dollar...!! What an unravelling of the year has unfolded since the bottom of R13.20 in late…
Well, what a week...! The Rand was back to its volatile best ... if you can call it that... ...we saw huge spikes, as the market whipsawed dramatically many times during the week - bouncing up close to R15/$ before making a healthy late-week correction. It was also wild week of events, both globally and…
A topsy-turvy week for the Rand saw a break back over R14.50 to the Dollar... There was plenty happening, with local politics and as well as global economic and political tension. Eventually, the Rand pulled back to around to where it opened. But it had been quite a week - and plenty for us to…
A topsy-turvey old week for the Rand, as it battled to get on top of the Dollar. It was quite a week on the global stage, as the US and China continued to spar over trade disagreements... ...and things started to get a little messy between the two nations. And then locally, the aftermath of…
Well, what an interesting week that was... These are the types of weeks that make the forex game so interesting, as we see human sentiment playing out over and over again. It is repeatable, it is predictable...and yet it is impossible to understand logically. The Rand see-sawed from day to day, as economic and political…
Rather a sorry week for the Rand... Election jitters, Eskom and a stronger USD made for poor reading... The clock is really ticking toward the finale of election time for the ANC, DA, EFF and more...and jitters as to the potential outcome abound. The thorn in the ANC's flesh, Eskom, continued to produce more worries…
Choppy waters for the Rand, as the short week saw the Rand bouncing around R14/$... The market has mostly tracked sideways between 13.90 and 14.25 or so for most of April without any clear direction - almost like it has been treading water... ...but that is not likely to last long as we head further…
A week of confusion for economists has come to a close, and a new one has begun... It was another strange week of economics, where nothing that happened really tied up to any event. The Rand was stable. Far more stable than you would expect, with the amount of news grabbing headlines - both economic…
Another interesting week in the markets as the Dollar continued to lose ground against the Rand... ...as did the Euro and Pound, as Brexit tensions reached an all time high. It was almost as if the news from the US side of the pond was taken more positively by the Rand than the Dollar... US-China…
And before you can blink an eye, a quarter of the year has already slipped by... It has been a strange year so far for the Rand - a real mixed bag with momentum swinging one way and then the other, particularly versus the Dollar. Having started the year with the Rand on the ropes…
Firstly it was a turning of the tables, as the Rand overcame a number of key issues at home to rally hard against the Dollar! And with some (apparent) bright news out of the darkness of Eskom's load shedding, we nevertheless saw the Rand grab back 40c against the USD. ...only to lose all of…
Brexit tensions have left international markets in an absolute shambles after all the chopping and changing at the 9th hour before the Brexit deadline. The Rand, being one of the emerging market currencies prone to volatility, did not fare well in this climate. From Tuesday's best level for the week of R14.24, the market steadily…
This week was one of the turning points in SA's history, you would have to say, as some of the most anticipated national issues were addressed. Ramaphosa had a busy week, with announcements on SARB grabbing headlines, as well as more news coming on Eskom's price hikes. Along with the usual's of Brexit and Trump.…
A topsy-turvy week for the local currency saw a wide range of trade against the US Dollar, amidst a slew of events from the US side of the pond. There was almost too much on the go to keep track of... What with: Trump's national emergency Meeting with Kim Jong-un US-China Trade talks and more...…
Well, well...what a week! February 2019 continues to be one of the most interesting months in recent times when it comes to the Rand and SA's economics and politics. This week was the big budget speech from Tito Mboweni. And an important week for the Rand if we were not going to run away back…
