Rand stirred, not shaken...(yet)
A busy week of economic data, as all roads led to Jackson Hole.
With major economic events and data releases scheduled throughout the week globally, investors were keeping one eye firmly
Blog Post
Fed triggers Rand collapse....were you caught out?
Well, well...how quickly the tables turn.
Sentiment reaches an extreme. And when that happens, the next step is just inevitable.
Our wave count called it...
...and the signs were there if you looked
Covid-19 and Oil crisis keeps Rand on shaky ground
A rough week for the Rand and for markets globally ensued, as we saw oil crash to unprecedented levels and the Rand test all time highs again...
As we near the
Rand reverses gains to test R19/$...where to next?
Another rollercoaster week… what next is the question on everyone's lips?!
It is clear that we have entered the next phase of the Covid-19 pandemic.
At first, it is fear that things
Rand rides calmly above the storm...for now
An intriguing week for the ZAR has come to a close with the market having ping-ponged from high to low for the majority of the 5 days.
Rand volatility is at
Rand treads water, but it won't stay that way...
A quiet week in the markets saw the Rand range-bound for the course of the 5 days, with all eyes waiting on trade news from US & China.
Then there was
Rand rides the Trade War 30c stronger
It was an interesting week as we waited for news on the Trade War while local SOEs took center stage again...
Uncertainty continued to dominate, bringing range trading and hesitant markets.
The
Rand dodges Moody's bullet...now what?
An interesting few days, as the Boks brought it home and Moody's didn't drop the guillotine.
While the Rand was range-bound for the most part of the week, there was a
Moody Rand collapses back over R15/$ ...
After a few weeks of positive Rand performance, a change in fortunes was surely coming...
...and come it did, in dramatic style!
In a week of events, news, shocks and disasters, the
Rand holds strong...where to next?
Another week, and another win for the Rand as it continues to fight the global and local pressures and prevail over them both...
Economists were left confounded once again that despite
Rand waits on Brexit and Trade War
Another topsy turvey week from the Rand as we saw the market testing up above the R15/$ level, before breaking down lower again to sub R14.80...
It was a week of
Non-Farm Payrolls triggers ZAR to end strong
A roller-coaster week for the Rand, which saw the market lose ground against all the majors in the early part of the week before clawing its way back - with
Rand on the back foot over R15/$
Despite the rest day on Tuesday, the Rand could not catch a break this last week, as global tension rose once again...
Heritage Day or Braai day on Tuesday provided some
Rand trend turns again - where next?
Well, another action-packed week...
...with a heap of events, some planned and some not, there was more than enough action to keep everyone interested.
The economic events came thick and fast, and
Rand calmly down to R14.50/$...and now?
What a fascinating week in the markets as we see the Rand continue to claw back the losses from the last few months of Dollar strength.
It has been a long
Stronger Rand ... but risks abound
A week of uncertainty - with the Rand on the defensive - saw more range-bound trading from the local currency...
As much as many would like to see it break free
Rand looking shaky over R15/$...where to now?
The Rand has had to weather a global storm over the last few weeks perhaps only rivaled in recent times by the 2008 financial crisis...
We live in interesting times, and
Rand collapses over R15/$...what now?
Well well, what a week... a patch of some of the more crazy few days we have had in many a year!
The Rand tends to throw a curve ball like
Rand loses 50c in hours...caught again?
The Rand collapse continued this last week to the dismay of all South Africans alike...
...and for many, they did not see this coming - and got caught badly!
I do trust
Rand momentum continues...but for how long?
It was quite an enterprising week for the Rand as the local currency continued to keep the pressure on the Dollar...
It was a big week for events too, with SARB