"Given upside inflation risks, larger domestic and external financing needs, and load-shedding, further currency weakness appears likely" South African Reserve Bank.The South African Rand...
"We are hopeful for a slight easing in the numbers" - Sable International.The Pound to Rand exchange rate has receded from seven-year highs and could unwind more of its recent rally if the...
Although euro-dollar made some gains last week, the common currency remains close to 2023’s lows against the pound. One of the main reasons for that is the Bank of England’s determination to...
The greenback generally lost strength last week against most currencies including the Kiwi dollar as the debate over the debt ceiling in the USA continues and expectations have risen further...
Conventional wisdom in forex trading points people towards common approaches in technical and fundamental analysis. As traders employ various strategies to capitalize on price fluctuations,...
USDJPY has gained strong momentum, pushing the pair's price above a triangular chart formation, which may lead to a continuation to the upside, as shown on the chart. A trade location is...
10 year bond yields from Australia and Japan support the narrative of the trading idea this week as well as the technical image of the daily chart. Economic data to watch out is the...
While the US dollar digests a plethora of catalyst: such as the US debt ceiling, inflation and policy, global growth and a mini-banking crisis, we assess how this is affecting the charting...
"The rand has seen an about turn as global financial market sentiment became less risk averse against EM currencies" - Investec.The Pound to South African Rand exchange rate entered the new...
The South African Rand remains under severe pressure, courtesy of local economic concerns. While other emerging market currencies have yielded positive performances in the forex market, the...
"The ongoing infrastructure challenges, especially for electricity, continue to impose a hard constraint on growth...fighting inflation is much harder when the economy is already...
Cable might move up further this week in line with the uptrend in recent months around several important technical areas. The most important releases to monitor this week are the Bank of...
Last week, the absence of significant South African data left the ZAR without a definitive local catalyst. The currency was swayed by global factors, such as the banking crisis in the US,...
The US dollar is likely too entrenched to be seriously evicted from GRC status.The de-dollarization threat looms as the Chinese yuan assumes a more active role in international payments and...
When the U.S. Dollar broke out to new highs last year, it looked like nothing could stop the greenback. And the headwind of a strengthening dollar made it difficult for precious metals like...
The South African Rand remained on the backfoot last week. A bleak local economic outlook, coupled with broader market risk-off sentiment, led the ZAR further into murky waters. There was...
"In EMEA, we are bullish PLN and ZAR" - BofA Global Research.The Pound to South African Rand exchange rate entered a new and holiday-shortened week near post-pandemic highs but could be...
USD: Be careful chasing the dollar rebound The release of quarterly earnings in the US continues to paint a better picture for American corporates, with big tech companies beating estimates...
Last week was uneventful in the forex space, with major currency pairs experiencing only minor movements. Nevertheless, the Dollar Index (DXY) regained some previous losses, moving 0.27% to...
As key central bank meetings draw closer, markets appear to favor European currencies to the detriment of the dollar, whose rate advantage is being eroded. The two-year EUR-USD swap rate...
This would likely be a busy week for the fiber pair with economic data coming up later in the week about US & EU GDP as well as inflation rate from Germany expected to create volatility in...
GBP/ZAR gains toehold near 22.40 but upside uncertain USD trend drives amid quiet SA, UK economy calendars U.S. GDP & PCE eyed ahead of April Fed policy decison The Pound to Rand...
"Looking forward, the direction of the rand will depend heavily on the movement of the USD dollar in the currency pair" - Investec.The Pound to South African Rand exchange rate is one of the...
Brazilian President Lula recently asked the following questions:‘’Every night I ask myself why should every country have to be tied to the US Dollar for...
The Hungarian forint sold off 2% yesterday after a local central banker surprised markets by suggesting Hungary could make preparations to start easing interest rates. Central banks in...
