Rand

RAND TALKING POINTS & ANALYSISFed narrative changes leaving rand supported.SARB Quarterly Bulletin and US retail sales under the spotlight.USD/ZAR rising wedge breakout but yet to prove.Macro-economic fundamentals underpin almost all…

RAND TALKING POINTS & ANALYSISRecovering South African current account encouraging for ZAR.NFP to determine short-term guidance.USD/ZAR bears eye rising wedge breakout.Macro-economic fundamentals underpin almost all markets in the…

RAND TALKING POINTS & ANALYSISSARB keeps rates at 8.25% since their last hike in May 2023.Low trading volumes today will likely extend throughout the remaining trading session.USD/ZAR hovers around key resistance.Macro-economic…

RAND TALKING POINTS & ANALYSISRand remains buoyant on weaker USD and positive leading business cycle figures.FOMC minutes to come later today.Bullish divergence progressing off long-term support.USD/ZAR FUNDAMENTAL…

RAND TALKING POINTS & ANALYSISRand unable to capitalize on US initial jobless claims data.Fed officials to relate recent US economic data.Bullish divergence at trendline support could see some SUD upside to come.USD/ZAR FUNDAMENTAL…

RAND TALKING POINTS & ANALYSISMTBPS, manufacturing PMI and vehicle sales data paint a poor picture of the local economy.US jobs data in focus later today.USD/ZAR finds resistance at 18.50 and 200-day MA.USD/ZAR FUNDAMENTAL…

RAND TALKING POINTS & ANALYSISGeopolitics, Fed and Chinese factors at play.USD/ZAR rising wedge breakout now limited by support zone.USD/ZAR FUNDAMENTAL BACKDROPMacro-economic fundamentals underpin almost all markets in the global…

RAND TALKING POINTS & ANALYSISSA inflation data limits rand strength after stellar Chinese GDP print.US building permit figures ad Fed guidance under the spotlight later today.Rising wedge breakout not completely confirmed yet.The…

RAND TALKING POINTS & ANALYSISDecline in US Treasury yields sustaining rand upside as PPI’s push higher.Attention n shifts towards FOMC minutes and Fed officials.Rising wedge support being eyed by ZAR bulls.Want to stay updated with…

Key Takeaways:The South African rand has weakened due to both domestic and international factors.The South African Reserve Bank will not intervene to counter the recent depreciation of the rand.The US dollar has gained strength due to…