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.
South Africa trade surplus rose to R28.96 billion in February 2021, exceeding expectations and bolstering the Rand.. Growth in vehicle sales of over 30% also reinforced the narrative of economic recovery and an uptick in…
stimulus adding to dollar woes South African PMI figures on the rise Key technical levels being tested Advertisement SOUTH AFRICAN RAND FUNDAMENTAL BACKDROP After a long weekend in South Africa, the Rand has managed to extend…
The central bank has also revised Gross Domestic Product (GDP) growth estimates for 2021 up to 3.8%, from 3.6%.. However, despite the positive local data, investor preference for major developed-market currencies has erased…
Bullish USD/ZAR, EUR/ZAR– Rand Strength May Soon Dissipate Advertisement Since mid-2020 the South African Rand has ridden the wave of “risk-on”. The country long-term structural challenges continue to occupy news headlines,…
Advertisement The South African Rand (ZAR) has recently traded within a well-defined range against its major counterparts, largely buoyed by US Dollar weakness and an increase in the demand for major commodities, primarily…
USD/ZAR tests psychological resistance Risk-sentiment remains a primary driver of price action Prices Action temporarily stalls, with Fibonacci Retracement levels holding both bulls and bears at bay Advertisement The South…
Progress towards the release of Biden $1.9 trillion stimulus package, coupled with lower-than-expected US unemployment claims, has contributed to these concerns and the possibility of rate hikes has caused investors to shy…
Treasury yields reaction to Fed is key for EMs USD/ZAR persists within key technical pattern Advertisement RAND FUNDAMENTAL BACKDROP Locally, South Africans power utility provider Eskom has come under fire once more as the…
The South African Rand continues to maintain a certain degree of strength against its major counterparts despite the vaccination program lagging behind both developed and Emerging Markets (EM). Despite the recent reopening of the economy, cash strapped power utility Eskom struggles to keep the lights on, resulting in the reimplementation of load shedding…
South African GDP surpasses estimatesSubdued bond yieldsUSD/ZAR remains within rectangle patternShort-term downside likely to extendSA GDP figures improved on estimates both YoY and QoQ as seen in the images above with the largest contributors to positive growth coming from transport, trade and manufacturing respectively. U.S. treasury yields…
Authored by Charles Hugh Smith via OfTwoMinds blog,Perhaps we need an honest national dialog about declining expectations, rising inequality, social depression and the failure of the status quo.Even as the chirpy happy-talk of a return to normal floods the airwaves, what nobody dares acknowledge is that “normal” for a rising number…
USD/ZAR ANALYSISZAR gains interrupted by ratings warningManufacturing PMI data in focus later todayPotential for rectangle breakout on weekly RAND FUNDAMENTAL BACKDROPThe Rand opened up stronger this week after optimism around the U.S. stimulus package prompted the repetitive and familiar shift to ‘risk-on’. Coupled with lesser restrictions…
USD/ZAR ANALYSISU.S. 10Y treasury yields coming off yesterday’s highsNumerous economic announcements scheduled later todayPossible inside bar candle pattern on the horizon RAND FUNDAMENTAL BACKDROPThe Rand gave back most of its February gains yesterday as U.S. yields surged following poor bids in the U.S. government debt auction. This demonstrates…
USD/ZAR Price Analysis: Advertisement The South African Rand continued to strengthen against the greenback after South African Finance Minister Tito Mboweni presented the annual budget speech earlier today, highlighting the Fiscal Framework for the next financial year. Although the Emerging Market (EM) is expected to rebound by approximately 3.3% ,…
Article contentJOHANNESBURG — The South African rand gained sharply on Tuesday afternoon after Federal Reserve Chair Jerome Powell said the U.S. economy needed support for “some time,” comments that hurt the dollar.The prospect of ongoing support by the central bank of the world’s largest economy is positive for emerging markets like South Africa.The…
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