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…
And like January was all just a dream, we have suddenly come back down to earth in February...with a bump! What a disastrous few days for the Rand. Between Eskom, load shedding, Moody's and more, it did not make for a happy Valentine's day for the Rand, as the crash above R14 to the Dollar…
As it so often is, after a cracking turnaround from the Rand, a bump back to reality arrives... A weaker Rand is not always bad news though. It brings some relief to those who are exporters, with a weaker the Rand giving more bang for their buck they get when it comes to inflows of…
What a week for the Rand! After a stagnant few weeks, hovering in the R13.50-R14.00 trading range, the Rand made its move in pulling to the best level of 2018, to conclude its best January in decades. This just proved again that you cannot look to the fundamentals as a week of bad news had…
Well, the Rand was back to its topsy-turvy self this last week, with a wide trading range keeping exporters, importers and traders on their toes for the full 5 days... And it was a week of action, with many world leaders not even making it to Davos WEF due to crises back home... ...including some…
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…
