Rand

Local CPI Key Takeaways:1. Consumer inflation in South Africa increased in January 2024, driven by rising prices for food, housing, utilities, transport, and miscellaneous goods and services.2. The annual consumer price inflation rate was…

RAND TALKING POINTS & ANALYSISFed narrative changes leaving rand supported.SARB Quarterly Bulletin and US retail sales under the spotlight.USD/ZAR rising wedge breakout but yet to prove.Macro-economic fundamentals underpin almost all…

RAND TALKING POINTS & ANALYSISRecovering South African current account encouraging for ZAR.NFP to determine short-term guidance.USD/ZAR bears eye rising wedge breakout.Macro-economic fundamentals underpin almost all markets in the…

© Reuters. The South African rand strengthened against the dollar today, buoyed by the US Federal Reserve's dovish comments that signaled potential rate cuts in the future. This shift in stance by the Fed has provided a boost to…

RAND TALKING POINTS & ANALYSISSARB keeps rates at 8.25% since their last hike in May 2023.Low trading volumes today will likely extend throughout the remaining trading session.USD/ZAR hovers around key resistance.Macro-economic…

RAND TALKING POINTS & ANALYSISRand unable to capitalize on US initial jobless claims data.Fed officials to relate recent US economic data.Bullish divergence at trendline support could see some SUD upside to come.USD/ZAR FUNDAMENTAL…

© Reuters. The South African rand has experienced a significant rally Tuesday, driven by a combination of US inflation data and shifts in global monetary policy. The currency surged over 2% to R18.22/$ amid a weakening dollar, as…

RAND TALKING POINTS & ANALYSISMTBPS, manufacturing PMI and vehicle sales data paint a poor picture of the local economy.US jobs data in focus later today.USD/ZAR finds resistance at 18.50 and 200-day MA.USD/ZAR FUNDAMENTAL…

RAND TALKING POINTS & ANALYSISSA inflation data limits rand strength after stellar Chinese GDP print.US building permit figures ad Fed guidance under the spotlight later today.Rising wedge breakout not completely confirmed yet.The…

© Reuters. The South African Reserve Bank (SARB) governor Lesetja Kganyago attends the SARB Biennial Conference in the Cape Town International Convention Centre, in Cape Town, South Africa, August 31, 2023. REUTERS/Esa Alexander/File…