ZAR Gut Feel Commentary: · The main talking point is the dollar weakness, which gathered pace yesterday the markets once again are zoning in on the US Fed’s sentiments as they release their mid-quarter statement tonight and the FOMC rate decision today. Keep an eye out for any word as to when the Fed will hikeRead more
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ZAR Gut Feel Commentary: · EM (Emerging Markets) exit pushes on, hurting the Rand; Risky to bet against current trend · The exit from emerging market currencies is accelerating and hardly any currencies have been spared from the dollar strength. The prospect of higher interest rates is pushing the withdrawal of capital from riskierRead more
ZAR Gut Feel Commentary: Rand under Pressure, Dollar profit-taking, US data & Fed talk key for short-term momentum · Dollar profit-taking started yesterday & continues but not before the USD-ZAR was able to manage a test of levels north of 11.80, the first such move since the first half of Feb. · Pressure onRead more
Market focus: Rand corrects on EM profit-taking and Eskom power cuts; Caution expected ahead of FOMC It was quiet session internationally yesterday from the point of macro data releases. A lot of negativity has already been priced into the EUR, so the news of Syriza’s win in the Greek elections appeared to only have aRead more
The Rand value loses ground as the week gets under way and remains under extreme pressure as the global focus is on the strike action. It would appear that the municipal workers are also looking forward to some unofficial down time. The market trends mirrored the unrest with major disinvestment and hence the 9% weakeningRead more
The rand was trading weaker this morning as all traders eye discussions at Jackson Hole. The ZAR is trying very hard to start performing better but market trends show it lacks the steam and is showing signs that it can run much stronger. The market is standing by as we are likely to see an extensionRead more
Rand loses ground in weeks’ trade as Lonmin saga persists The rand held relatively steady against major currencies in late trade. Market trends showed the rand remains weak with the crises at Marikina Mine still in the headlines everywhere. A management and union solution to the problems will be good for the rand – butRead more
Rand loses ground in early trade as it shows no sign of a breakaway The rand was a touch firmer in quiet early trade on Wednesday‚ after US retail sales boosted the US dollar, but lost ground in early morning trade. In market trends Yesterday our concerns regarding the rather sluggish price action in theRead more
Until the markets get some sort of clarity about stimulus measures from either the European Central Bank or the US Federal Reserve‚ we will continue to trade apathetically. The rand finally broke higher in late afternoon trade as month end importer demand continued and the Euro/Zar cross was unable to get through support level atRead more
Rand tracking weaker Euro as concerns around the EC economy resurfaced. Europe once again was pressed to the forefront of investor concerns‚ as yields on Spanish 10-year sovereign bonds reached 7.24 percent on Friday‚ after the state of Valencia asked for government aid to help refinance its debt. This is not the kind of situation whereRead more