Monetary Policy Committee (MPC) Rate Cut Catches market unaware and ZAR moves

The market was caught unaware as the rand weakened on Thursday after the SA Reserve Bank’s monetary policy committee cut interest rates by 50 basis points. The rand was bid at R8.1905 to the dollar from its previous close of R8.1200. The rand has adjusted weaker but it is difficult to work out the impact […]

Leave a comment Continue Reading →

Monetary Policy Committee Meeting Starts on Interest Rates

Monetary Policy Committee Meeting gets under way today The outcome of which will be released on Thursday, Economists are not expecting any change, as the market will most likely be focussing on the view of the Governor going forward. Locally‚ banks have  said the MPC (monetary policy committee) three-day meeting would be analysed in the […]

Leave a comment Continue Reading →

ZAR under pressure & risk volatility remains high | Gut Feel

ZAR under pressure in afternoon trade on Thursday , tracking the euro/US dollar movement, as attention switched back to Spain’s fiscal woes and after the US Federal Reserve’s statement. The risk-off scenario is slowly creeping back in after the Fed’s disappointing statement. The US Fed extended its Operation Twist programmed – whereby the central bank sells short-term […]

Leave a comment Continue Reading →

Rand under Pressure with Listless Trading Effecting Rand volatility | Gut Feel

The rand was still trading listless effecting rand volatility, as the market tries to find some concrete evidence of what direction to take, following a rally on Monday after news of the Spanish $125bn banking bailout. The ZAR moved in a quiet range on the day from a 25c to 35c range. Markets are just […]

Leave a comment Continue Reading →

Gut Feel 01 June

Market Trends June 2012 • ZAR under extreme pressure ,and risk volatility remains high • Greece playing havoc with markets, Asian/Aussie markets all down • ZAR tracking Euro after rumors of Central Bank Intervention The rand weakened in late afternoon trade on Thursday to breach six-month worst levels as it touched 8.5820 on emerging market […]

Leave a comment Continue Reading →

Gut Feel 23 May

Market Trends May 2012 ZAR under extreme pressure ,and risk volatility remains high/Fitch downgrades Japan Greece playing havoc with markets, Asian/Aussie markets all down   The volatile rand was weaker today as it tracks international markets which slumped on news that Japan had been downgraded and on concerns about the outcome of the EU meeting […]

Leave a comment Continue Reading →

Gut Feel 21 May

Forex market trend analysis   ZAR under extreme pressure ,and risk volatility remains high Greece playing havoc with markets, Asian/Aussie markets all down Chinese looking to stabilize growth in their country The rand was firmer today as a Greek poll over the weekend showed more support for austerity and therefore staying in the euro zone. […]

Leave a comment Continue Reading →

Gut Feel 15 May

Forex trading outlook    ZAR under extreme pressure ,and risk volatility remains high Greece playing havoc with markets, Asian/Aussie markets all down The forex trading outlook of the rand was way weaker in afternoon trade on Monday as tension between Germany and Greece raised the possibility of a breakup of the euro zone. This has been my […]

Leave a comment Continue Reading →