The market was caught unaware as the rand weakened on Thursday after the SA Reserve Bank’s monetary policy committee cut interest rates by 50 basis points. The rand was bid at R8.1905 to the dollar from its previous close of R8.1200. The rand has adjusted weaker but it is difficult to work out the impactRead more
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Monetary Policy Committee Meeting gets under way today The outcome of which will be released on Thursday, Economists are not expecting any change, as the market will most likely be focussing on the view of the Governor going forward. Locally‚ banks have said the MPC (monetary policy committee) three-day meeting would be analysed in theRead more
ZAR under pressure in afternoon trade on Thursday , tracking the euro/US dollar movement, as attention switched back to Spain’s fiscal woes and after the US Federal Reserve’s statement. The risk-off scenario is slowly creeping back in after the Fed’s disappointing statement. The US Fed extended its Operation Twist programmed – whereby the central bank sells short-termRead more
The rand was still trading listless effecting rand volatility, as the market tries to find some concrete evidence of what direction to take, following a rally on Monday after news of the Spanish $125bn banking bailout. The ZAR moved in a quiet range on the day from a 25c to 35c range. Markets are justRead more
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Market Trends May 2012 ZAR under extreme pressure ,and risk volatility remains high/Fitch downgrades Japan Greece playing havoc with markets, Asian/Aussie markets all down The volatile rand was weaker today as it tracks international markets which slumped on news that Japan had been downgraded and on concerns about the outcome of the EU meetingRead more
Forex market trend analysis ZAR under extreme pressure ,and risk volatility remains high Greece playing havoc with markets, Asian/Aussie markets all down Chinese looking to stabilize growth in their country The rand was firmer today as a Greek poll over the weekend showed more support for austerity and therefore staying in the euro zone.Read more
Forex trading outlook ZAR under extreme pressure ,and risk volatility remains high Greece playing havoc with markets, Asian/Aussie markets all down The forex trading outlook of the rand was way weaker in afternoon trade on Monday as tension between Germany and Greece raised the possibility of a breakup of the euro zone. This has been myRead more