Trump-inspired global reflationary hopes responsible for Rand recovery but technicals point to weakness on the horizon.
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The GBP/ZAR pair pulled back at the start of the new trading week as the market shrugged off fears linked to political drama in Italy and continued supporting risk appetite, at least globally, whic…
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Higher yielding currencies like the Rand clawed back gains on Monday as the chances of a deal being struck by OPEC seemed to fade, whilst a backlash in the ANC raised hopes President Zuma would res…
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The meeting of the South African Reserve Bank rates on Thursday, Nov 24 and Moody’s Credit Rating Review on Friday the 25th are the two main events impacting on the Rand in the week ahead.
Read more … →A mixture of emerging market weakness due to fears of the impact of Trump’s policies and Sterling rising from a hope of a special trade deal being struck with the US have led to a trend reversal in…
Read more … →The Pound rallied versus the South African Rand on Friday as investors pulled out of risky emerging markets preferring US investments instead. The pound was supported by hopes of an early trade dea…
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News of a looming Donald Trump victory in the US Presidential Elections has battered the high-yielding South African Rand.
Read more … →The GBP/ZAR pair is pulling back after breaking higher but two bullish candlestick patterns at the start of the upmove are supporting a more bullish reversal outlook for the pair.
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