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…
What a week! Another one. Huge volatility? Check Massive losses from the word go? Check Ending the week on a low note? No. Not this time round. The saving grace for the local currency was its turnaround on Wednesday. The midweek hump ending up being the turning point for the ZAR, and about time too.…
Is this becoming the new norm for the Rand? It is hard to believe just a few months ago it was week after week of strengthening for the local currency, coming out of the December rush. The change of sentiment has been so stark, from the euphoria & positive emotion flooding into the market up…
We keep saying it, but 2018 has been a harsh bump back to reality for everyone who is affected by the Rand... ...2017 was quiet, and the start to 2018 even quieter. And then, from February, everything has just gone a little pear-shaped, and continually more so. Let's be honest - this was a shocking…
Yet another topsy-turvy week from the Rand... ...and who would have expected anything different with global instability seemingly ever increasing. The EU has not been a stable place since Brexit first hit some years ago, and it seems to just be an endless rollercoaster of events in that area. This week: Italy. It seems South…
Well, what do we learn time and time again with currency markets? When things are getting to an extreme, and there is panic setting in, with the overall feeling being that the current trend is going to just keep going... ...and economists are naming anything and everything to justify these moves ...and it seems we…
Phew, what a week! There is certainly a reason that the Rand has got the nametag of the world's most volatile currency - with swings high and low making it a nightmare for most who deal in foreign exchange. This week was no different. We saw big highs and lows, with not much time in…
Wow, what a week! There is certainly a reason that the Rand has got the nametag of the world's most volatile currency - with swings high and low making it a nightmare for most who deal in foreign exchange. This week was no different. We saw big highs and lows, with not much time in…
Another volatile week. Another rough one for the Rand particularly versus the Dollar, although it managed to claw back some lost ground before the week closed. As we headed into the week, many had hopes that the Rand had overshot the mark by weakening so drastically versus the Dollar, and that this week would be…
