Tag: Rand
Dollar Bid As Risk Aversion Extends, Rand to Test 16.00?
RAND ANALYSISMarket sentiment rejects riskier rand.Key U.S. data prints may be overshadowed by COVID-19 situation.USD/ZAR channel break.ZAR FUNDAM [...]
Rand Testing Key Levels as Focus Shifts to MTBPS
RAND ANALYSISSpotlight on upcoming Medium Term Budget Policy Statement (MTBPS) Chinese import and growth forecasts looking down. USD/ZAR at key ar [...]
Rand Claims Worst Performing BRICS Currency on Election Day
RAND ANALYSISLocal elections see investors flee South African Rand.USD/ZAR tests March 2021 highs.Clean symmetrical triangle breakout.ZAR FUNDAMEN [...]
SA Rand Vulnerable as EM’s Poised for Hardship
RAND ANALYSISInflation, hawkish Fed a recipe for disaster for rand.SARB yet to hike rates.USD/ZAR 15.0000 area of confluence ba [...]
Rise in U.S. Treasury Yields Limit Rand Appetite
RAND ANALYSISU.S. to South African bond yield spreads widen.Stronger than expected U.S. economic data buoy upside bias.USD/ZAR [...]
USD/ZAR Outlook: Rand Tanks as Safe-Haven Assets are Bid
RAND ANALYSISEvergrande contagion concerns hurt ZAR.Taper directives a possibility later this week.USD/ZAR bulls eye 15.0000.ZA [...]
Missed SA Manufacturing Data Halts Rand Gains
RAND ANALYSISInflation target concerns.Exports boost current account balance surplus.Poor South African manufacturing for July.U.S. initial jobles [...]
Rand Fades After Blended South African GDP
RAND ANALYSISMissed QoQ GDP hampers rand good points.USD/ZAR advances off key assist.ZAR FUNDAMENTAL BACKDROPStats SA have laun [...]
SA Rand (ZAR) Strengthens to Finest Stage in a Month Forward of Q2 Knowledge
SA Rand (ZAR) Evaluation:ZAR strengthens forward of Q2 GDP knowledge tomorrowUSD/ZAR eyes 14.14 and 14.00 on weaker greenback however taper discus [...]
Rand Again on Prime as Greatest Performing EM Foreign money
RAND ANALYSISZAR FUNDAMENTAL BACKDROPThe South African rand has had an unimaginable final two weeks because the native forex ra [...]
Rand Slips as SA Unemployment Charge Rises
RAND ANALYSISSouth African unemployment fee reaches report highs.Highlight on U.S. financial information Jackson Gap Symposium. USD/ZAR buying and [...]
Threat-Off Sentiment Hampers Rand Forward of FOMC
RAND ANALYSISRand hit by threat aversion.Constructive SA retail gross sales knowledge unable to sway bullish USD/ZAR.Highlight [...]
Uncertain South African Rand Facilities on FOMC
RAND ANALYSISRand at mercy of world danger sentiment.Give attention to China and U.S. subsequent week.ZAR FUNDAMENTAL BACKDROPA [...]