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…
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…
