This was the week for the Rand! What a turnaround, from the Turkey Crisis and the weeks following, which was just a few months ago. The market was soaring over R15/$, and ever closer to R16 to the Dollar... ...people were talking about R20 to the Dollar. Others were saying R25. However, these kinds of…
With just 2 months left in the year, the Rand is as choppy as ever... This week saw swinging momentum from highs to lows in quick succession. It is tough for importers, exporters, investors and traders alike to try and manage exposures in such volatility. But the roller-coaster keeps going - and it is a…
A rough week for the Rand, with all eyes on the Mid-Term Budget, which is often a trigger for some explosive moves... And that was exactly what we got, as the Rand went spiraling after Tito Mboweni's very honest budget. Perhaps too honest, for the likes of investors. A lot of ideas, a lot of…
Another week passes, as the Rand gains momentum! It was a week which again proved the inaccuracy of looking to events for market direction, as economists were left dumbfounded by the Rand's 'strange' moves... ...when in fact, they were almost exactly as per Elliott Wave Forecasts. This was despite what should have been momentum against…
Phew, a week of action in SA politics - and the financial world! The Rand came into the week with jitters, and plenty of them. The situation with Nene was making things fairly uneasy, and I am sure everyone remembers last time the Finance Minister was fired... ...when Gordhan got dumped in February last year…
The Dollar enjoyed a very strong week following its retracement, which left the Rand on the back foot, once again. It was probably due for the Rand, as it had had a solid three weeks... ...and it all seemed a little too good to be true (our wave count suggested we were going higher...) So,…
All too quickly, this year is already three quarters over! And, as the last quarter kicks in, the Rand has certainly got some spring back into its step after spending some weeks in the winter doldrums. This week was another for seeing Rand on top, fighting hard against the strong Dollar. It was also a…
Well, what a week. Yet AGAIN, the Rand turned the tables on the Dollar. This was despite the Trade War... ...despite the volatility surrounding SARB's interest rate decision ...and petrol price hike fears ...despite the new mining charter All these things are generally Rand negative - yet somehow, it turned out to be Rand positive!…
Another week passes by, and the tables turn again... ...somehow the Rand has turned it around from being on the ropes, to rallying back below R15/$ again. It was a welcome change, with a week of good news. However, the counts of where the market was expected to head were what really mattered, and this…
This week was a scary one for the ruling party, and Saffers in general. The alarm bell went off: Technical Recession Headlines blared with doom and gloom, worry and despair. With the ANC just a few months off from elections, this was exactly what they did not need - along with general confusion and lack…
I guess a tough week for the Rand was always going to coming after a week of strength, where the local currency fought gamely to turn the tide back in its favour. And after a good start, when the Rand seemed to be gaining the upper hand, and pushing to test key support levels...it just…
Another week goes by... ...and it feels like another whirlwind went along with it. The Rand in the midst of one of it's most volatile periods in years, and it is showing no signs of stopping. This week however, was one of its most successful in some time. It wrestled back the momentum despite all…
This was a week which could not have ended a moment sooner for most... ...the Rand had a roller-coaster week of note! As most got to work on Monday morning, it would have been disheartening to see that the Rand was already at R14.50 odd, and the week had only just begun. Little did many…
A see-saw week (again) left the Rand on the ropes to close the week. Seemingly taking alternate turns each week, the Rand has been as volatile as ever - but just managing to hold on. This week, however, was very different. The ZAR copped it, and copped it hard. Thursday was nothing short of a…
The main point of discussion for this week was always going to be the next stage of the land debate taking place... ..as on Tuesday evening, Ramaphosa came out to announce that the ANC had concluded that the Constitution of South Africa needed to be amended to explicitly allow land expropriation without compensation. This set…
Back on the Rand-positive path with a bump! After a fairly disastrous week, perhaps not something that many were expecting ...but the Rand behaved as per our charts, which showed the Rand was expected to top out and move down to the lower R13s. And that was just what we saw. It was on the…
When it appears to be too good to be true, it normally is... ...and that is what we got this past week. A bump back to reality. A bump back to reality of real on-the-ground factors which are hurting the Rand - which need to be taken account of in the big picture, as the…
The Rand has strung together another good week, despite some huge volatility... More relief for importers and consumers, with the hopes of cheaper goods and fuel. It was a see-saw week, with trade wars, positive news and negatives news... ...plenty enough to keep everyone on their toes. While we could have asked for a little…
Relief for consumers, relief for importers - the Rand finally had a solid week. The amount of volatility being experienced is still less than ideal, but when it is driving the Rand stronger, few are going to be complaining. While it benefits exporters, it is making making imports more expensive and driving up fuel, food…
It did not take the Rand long to return back to its bad old ways... After such a good close out of last week, we saw everything come crumbling down once again, bring the USDZAR back to breaking point, testing R14 to the Dollar. So, back to square one. The Rand does not seem to…
