The headline from Fin24 said it all: "Traders suddenly dare to believe in an emerging-market rally" The Rand has kept on the front foot, very steadily and slowly over the last few weeks... along with the Turkish Lira, Chinese Yuan and Mexican & Argentinian Peso all trading stable or stronger into 2019. With the US…
Welcome to 2019 - or rather, our first Rand Review of 2019, as back-to-work mode starts in earnest. Trust you have had a well-deserved rest and are refreshed and charged for the year ahead. As for the Rand, we seem to be off to a flier already... Only 2 weeks into the new year, and…
Welcome to our last Rand Review of 2018... Phew! A tumultuous week draws to a close...what next? The Rand was relatively stable despite the week, but really, what next was going to be happening globally and locally? With just a few days left in the year, it seemed the speed was only increasing. Brexit, Trade…
A rosy November suddenly seems a long time away a battling Rand... The plague of Eskom, Land Expropriation and political disunity continued to hurt the local currency... ...not to mention the Trade War resolution seemingly capitulating...! On the other side of the scale, the was some positive news on manufacturing and more. But this was…
Well, what a week! The Rand’s marvelous November ended on a high note (apart from Friday!) For the second time running, the Rand seems to be having a magnificent end to the year. Again, confusion reigned, as reactions from the market did not coincide with events, leaving economists baffled… …however, our forecast from the previous…
Some thought a few months ago, in the midst of the Turkey crisis, that we would never see sub R14/$ levels again... ...well, that was just what we got this week, as the Rand spent the most part of the week on the front foot, breaking as low as R13.72. And that is exactly what…
Well, another whirlwind week... But not more so anywhere else than in the UK, as the highly divisive Brexit decision continued to be the plague of the whole continent of Europe. Officials are leaving their positions. Parliament is divided. Confidence in the British PM Theresa May is at an all time low, with calls for…
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…
