US Volatility aplenty as Rand recovers...where next?
Another frantic week of market activity has passed us by, as 2021 market activity promises to be just as tumultuous (if not more so, based on our predictions) as 2020...
And
Rand capitulates nearly 100c...as predicted
Welcome back!
I trust you had an excellent end of year break, and take this opportunity to wish you a healthy and prosperous 2021.
As we enter into a new year which
Dollar crashes...and Rand rides the wave
And just like that, before you could blink, we are already into December, and just a few weeks from shutdown.
Or is it lockdown?
We would hope not… but what a year
Downgraded Rand carries on...for how long?
Another intriguing week has come and gone - as the Rand enjoyed more of the same testing down toward R15/$...
Once again, it was counter to logic.
We had clients contacting us,
Rand Review: Range-bound despite vaccine news
Another week of intriguing market activity, but it was largely sideways when it came to the Rand vs Dollar, Euro and Pound.
Perhaps some respite was welcome for most after the
Rand shaky in volatility despite Vaccine hopes
Well, we knew that the Rand's party against the Dollar had to come to an end sometime - and come to an end it did, as we saw the tables
Rand roars amidst US elections drama!
Well, well...what a week!
All eyes globally were on the US - but locally, all eyes were too on the Rand!
We are well and truly into the end of year helter-skelter
Markets Wait With All Eyes On The Election...
The perfect storm has hit, and the Rand had a rough ride initially as a result...
...only to pull it back towards the end of the week.
That was the long and
Rand rides stronger against all odds!
Well, well...what an intriguing week.
The Rand never ceases to surprise, as what was meant to be a watershed week for the Dollar with US Stimulus poised to be approved...
...and then
Rand walks the tightrope...for how long?
The tightrope for global markets to walk is very real right now, as they try to balance between the different economic, political and social news and updates.
For the Rand, this
Choppy Rand as global politics take centerstage
There is never a quiet news week when it gets near the end of the year, and this last week was no exception!
As US elections and stimulus took center stage,
Tide turns again for battered Rand!
Just when anyone would think it is looking like one way traffic for the Rand, it pulls a surprise back out of the blue!
After seeing the market shed almost 100c
Could you have seen R17/$ coming?
How the tables turn...
From the Rand running against all odds to break lower the week before, this week was a very different story, as we saw the local unit take
Rand roars to best levels in 6 months
Never underestimate the Rand is an old saying we have had to come back to over the years, time and time again...
...just when everyone is writing the ZAR off, that
GDP shocker leaves Rand shaky...
Another week of volatility plagued the Rand, as we saw more wild swings in value over the 5 days...
And it wasn't just the Rand, as all global markets suffered in
Volatile trade sees big swings in Rand markets
Volatility, choppy trade ... Rand up, Rand down ...
... this week had it all!
Wild swings seemed to be the order of the week, as we saw the local currency wobble
Dollar collapse is Rand's gain...as Elliott calls it again
A really choppy week for the Rand, as it battled the varying fortunes of the US Dollar which once again traded weaker...
It is a familiar story of the Rand being
Rand roars toward R17/$...did you see it coming?
As things hotted up in the US, the Rand traded yet stronger against the Dollar much to importers' delight, tracking perfectly as per our Elliott Wave count...
And once again, it
Rand pulls back as the US stimulus stalls
Some relief for the Rand finally came in, as failed stimulus talks in the US dragged on, and the Dollar's recovery stagnated.
It was a week of lots happening and not
Rand extends losses to test R17.70/$...where next?
Another intriguing week passes us by, with global events and news taking centre stage as the Rand melted weaker and weaker...
It has been an incredible turn of 'fortune' for the