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Two roads diverged in a yellow wood..

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Two roads diverged in a yellow wood.. While slowly getting into the swing of things for 2020 we’ve already seen some exciting developments in the markets. How these play into the expectations of the worldwide economies for 2020 can paint quite differing pictures, especially in terms of the Rand.  Before we dive headfirst into the…

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Ho Ho Ho Hold your horses….

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Ho Ho Ho Hold your horses…. The market seemed to follow the thanksgiving notion of last week, with the markets in limbo and the Rand trading in tight ranges with a little bias on the stronger side. We have seen a bit of “risk-on” sentiment trickling in the market as we have seen equity…

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A timid November

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE A timid November After the hectic end to October, it seems that this November the market as a whole seems to have taken a breather. We have seen the Rand trading very tight ranges, taking its cue from a rather lacklustre in the EUR/USD. The lack of volatility has filtered through the market and has…

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Can you feel it….🎅

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Can you feel it….🎅 With December just around the corner, one could be forgiven for starting to sit back and take the foot off the pedal a little, and the range-bound trading of the Rand post the Moody’s decision only served to emphasise this notion. However, there is still a multitude of events and factors…

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Nothing like Donald to Trump a hangover!🍻

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Nothing like Donald to Trump a hangover!🍻 After basking in the glory of the Springboks winning the world cup a week ago and the subsequent easing into last week, it feels that the market also went on a bit of go slow. The Rand traded between the R14.70/90 range for most of last week,…

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⚠Everywhere the light touches are….. RISK

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Everywhere the light touches are….. RISK In the last week, we have seen a change in fortune for EM currencies including the Rand that ended the week on the front foot, helped by positive sentiment from the US-China trade talks and a weaker US dollar. The weaker dollar could be due to the Fed…

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To Faf or not to Faf that is the question?

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE To Faf or not to Faf that is the question?   Rugby is an odd place to start a weekly economic report, but it is an apt way to describe where some economic factors are finding themselves currently. A lot of Springbok supporters were left frustrated over the weekend with the strategy employed by our national team…

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The Rand is a passenger🚊

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE The Rand is a passenger🚊   This week the world seems like a little calmer place, especially after the US non-farm payroll number came out close to expectation. The number has arrested some of the fears that were thrown around last week about the US economy after the bad ISM PMI number. However, this brings a…

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Welcome October, be good!

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Welcome October, be good! In the past couple of months, the Rand has weakened to R15.50, strengthened back to R14.50 and is currently on the way back to R15.50. To say the Rand was volatile would be an understatement of note, yet we stand at the start of a new month, and the question remains what…