Category: ZAR News

South African Rand News and Analysis from varies Financial media, we summarize all ZAR news into a sitemap summary with link to related ZAR News for the one who wanted to catch up South African Rand price change in timely manner.

DOH issues clarification on reported vaccine prices

The Department of Health (DOH) on Monday clarified that vaccine prices reported on published and online platforms “are not, in any way, the negotiated prices” that the government and the manufacturer have agreed upon. The DOH argued the vaccine prices reported by the Senate to have come from the agency were not even “indicative” market prices based on the rates offered by different manufacturers generated for the purpose...

Grand Hyatt Al Khobar Hotel And Residences opens, bringing luxury experiences to ME

HYATT HOTELS CORPORATION announced Sunday the opening of Grand Hyatt Al Khobar Hotel and Residences in the Kingdom of Saudi Arabia — the first Grand Hyatt hotel in the Kingdom. The 368-room luxury hotel including 54 residential units is situated in the commercial and retail heart of Al Khobar with a connecting bridge to Al Rashid Mall. Grand Hyatt Al Khobar Hotel and Residences is the sixth Hyatt-branded...

South African Rand Price Forecast: USD/ZAR Tests Key Fibonacci Support

Rand Dollar Price Action: Advertisement USD/ZAR price action edged higher today, buoyed by a decrease in demand for Emerging Market currencies along with US Dollar strength. Despite the approval of an additional $1.9 Trillion US Fiscal Stimulus Package, the USD remained resilient as an increase in global Covid-19 related cases combined with rising US Treasury yields bolstered the demand for the safe-haven currency.Given the current economic conditions, the...

Stocks, Yields Rise On Expectations Of “Biden’s Trillions”

US equities futures and global markets shrugged off President Donald Trump’s second impeachment and focused instead on a report on that Joe Biden will unveil a new U.S. $2 trillion stimulus program later in the day, far bigger than even the most "optimistic" expectations. Yet despite the newfound optimism, Emini futures remained in a tight 20 points range in which they have been stuck since Friday's payrolls report.Nasdaq...

USD/ZAR Outlook: Rand Pulls Back Pending Next Week’s SARB Meeting

USD/ZAR ANALYSISUSD/ZAR respecting Fibonacci resistanceVaccine optimism gaining favorKey South African economic data scheduled next week Advertisement VACCINE AFFIRMATION TO BE CONFIRMEDSouth Africa patiently awaits clarity on vaccine negotiations and rollout strategies. While President Cyril Ramaphosa touched on vaccine procedures and sources in his address earlier this week, concrete dates and figures are still yet to be revealed. With record levels of infections and rising death rates, vaccine arrivals...

Uber, Moderna to collaborate to support uptake of COVID-19 vaccines

Uber Technologies Inc. Uber Technologies, Inc. operates as a technology platform for people and things mobility. The firm offers multi-modal people transportation, restaurant food delivery, and connecting freight carriers and shippers. It operates through the following segments: Rides, Eats, Freight, Other Bets and ATG and Other Technology Programs. The Rides segment refers to products that connect consumers with Rides Drivers who provide rides in a variety of vehicles,...

USD/ZAR Outlook: Key Resistance Holds After Rands Counter Trend Move

USD/ZAR ANALYSIS50% Fibonacci maintaining resistance for USD/ZARLocal economic landscape beginning to gain more favor as global influences lessenRising COVID-19 cases persist however, vaccine optimism attempts to control the surge Advertisement VACCINE ARRIVALS VS RISING CASESLast week brought about a shift from US Dollar and global risk stimuli to a more locally focused impact on the USD/ZAR currency pair. With rising deaths and infection rates in South Africa, the...

South African Rand Price Forecast: USD/ZAR, GBP/ZAR,EUR/ZAR Setups

Rand Price Outlook:USD/ZAR price action stalls at key level of supportGBP/ZAR RSI tests overbought territoryEUR/ZAR Eyes Key Psychological Level Advertisement Sour Sentiment Weighs on the RandThe South African Rand has continued to falter as the Emerging Market struggles to contain the spread of the second wave of the coronavirus pandemic. Despite the reimplementation of more stringent lockdown measures (implemented on 28 December 2020), the number of cases has...

S&P Futures Hit Record High Above 3,800 Ahead Of Dismal Payrolls Report

While there is broad consensus that today's payrolls report will be ugly, with economists expecting a sharp slowdown in December job growth in the U.S. due to the second wave of covid lockdowns and a quarter of those surveyed (including Goldman) predicting a negative print when the data is published at 8:30 a.m. ET, that did not dent the euphoric sentiment unleashed with the Democrats' blue wave victory...

US hits Iran with fresh sanctions as Trump term nears end

WASHINGTON: The United States on Tuesday (Jan 5) blacklisted a Chinese company that makes elements for steel production, 12 Iranian steel and metals makers and three foreign-based sales agents of a major Iranian metals and mining holding company, seeking to deprive Iran of revenues as US President Donald Trump's term winds down.In a statement, the US Treasury Department named the China-based company as Kaifeng Pingmei New Carbon Materials Technology, saying it...

Things not as bad as they may seem despite the fuel hike: Economist

There is bad news for consumers as fuel prices are set to increase by a big margin from Wednesday. But some economists say things are not as bad as they may seem. The Department of Minerals and Energy says petrol will increase by 43 cents a litre. Diesel will go up by 55 cents a litre. Paraffin will also go up by 55 cents a litre and, LP gas...

USD/ZAR Outlook: Breakout Possibility Ahead for Rand Bulls

USD/ZAR ANALYSISRoller coaster 2020 for the RandUSD/ZAR still heavily influenced by US DollarPotential for further Rand strength Advertisement A LOOK BACK AT THE RAND IN 20202020 was a year of ups and downs for the South African Rand, with levels ranging from 13.93 to 19.35. The year began with the USD/ZAR exchange rate at 14.00 and ended at 14.69 which as it reads may seem like an uneventful...
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