The Pound is seen stabilising against the Rand just above the 18.00 marker but our latest technical analysis suggests a move lower is likely over coming days.
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The Pound-to-South African Rand exchange rate continues to trade within a confined range between 19.00 and 18.50 at the start of the new trading week and we see further consolidation over coming da…
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The Rand has strengthened on the back of an improvement in investor sentiment towards emerging markets (EM) and we are told by one of South Africa's leading investment banks that further advances a…
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The Rand weakened again Tuesday ahead of the U.S. midterm elections, which are as important for the emerging market world as they are for the U.S. itself, and as doubts grow over whether the c…
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"Ultimately, we still see the Rand compressing its overshoot in the medium term, premised on both credit and fiscal risks easing" - Standard Bank.
Read more … →GBP/ZAR has completed a long-term abcd pattern, viewable on the weekly chart below, and now that it is complete the inference is that more downside will follow.
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Technical studies suggest the Pound-to-South African Rand rate has probably started a new longer-term uptrend after the pair rose from the key October lows at circa 18.30 while the country's larges…
Read more … →The Rand weakened in the mid-week session after the South African government's latest budget revealed it will miss deficit targets that are intended to preserve its last remaining investment grade …
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The Rand is likely to suffer over the coming week once the South African government's latest budget plans become know, according to analysts at RBC Capital Markets, who are advocating that clients …
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