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It was dirt, not champagne!

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE It was dirt, not champagne! The Rand hit a high of R15.1750 on Friday as the Rand was in the crosshairs after the weak GDP number and the whole SARB political drama that played out last week. The Rand halted its slide on Friday after the Current Account deficit came out better than…

Treasury-One-Daily-Report-South-Africa-03

Global Growth in focus again…..

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Global Growth in focus again….. Much of the trade war saga has brought about another discussion, what will the impact be of an extended trade war on global growth. Indications that the future of the global economy is in for a tough time is the reaction of bond markets across the world.10 year…

Treasury-One-Daily-Report-South-Africa-03

3 T’s: Trade, Trump and, hmmm, Trims

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE 3 T’s: Trade, Trump and, hmmm, Trims The story that originated towards the end of last week and that is still trending this week has been the resurgence of the US dollar, with the US dollar trading in the mid 1.11’s against the Euro. The reason for the recent strength in the US…

Treasury-One-Daily-Report-South-Africa-03

The first part is over…

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE The first part is over… With the South African election, a thing of the past and the results tallied, the outcome of the election was mostly in line with projections. As forecasted the ANC got less than 60% while the DA lost a bit of ground with the EFF gaining a little. What…

Treasury-One-Daily-Report-South-Africa-03

Election Weekly

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Election Weekly The major event last week was the US non-farm payroll which saw the US adding 263,000 jobs in May versus the expected 185,000. While this would typically cause the Rand to weaken sharply the market focused on the softer than expected wage data. The weaker data will mean that inflation will still…

Treasury-One-Daily-Report-South-Africa-03

Leading up to the election

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Leading up to the election As we dust off the Easter Holiday cobwebs, we are entering the business end of the local election that brings about a lot of local noise and could increase volatility in the Rand. The market will be looking at any headline news which could give short term momentum…

Treasury-One-Daily-Report-South-Africa-03

Sitting, Waiting, Wishing

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Sitting, Waiting, Wishing It seemed that the Rand was in a post-Moodys hangover mode last week, where everything happened a little slower than normal. The Rand traded within in tight ranges on a very sparse data and event week. However, the Moody’s decision brought about positive sentiment in the market and we a believe…

Treasury-One-Daily-Report-South-Africa-03

The Rand could be a bit, Moody

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE The Rand could be a bit, Moody The Rand has finally found some sort of consistency in March after the very bumpy rollercoaster ride of January and February and seems to have settled in the broader range of R14.10 to R14.50 looking for fresh direction. The last few weeks have been tough for the…

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The world economy in focus!

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE The world economy in focus! Over the past couple of years, we have seen the phrase Global Growth Concern enter the market, first spooking the market, and then seeping into the background before raising its head again.  The phrase came about after the Central Banks, which participated in QE, needed growth to be robust for them to…

Treasury-One-Daily-Report-South-Africa-03

US-China trade talks back in focus

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE US-China trade talks back in focus So far this year has been a year of two months, with the Rand the best performing currency in January to the worlds worst performing EM currency in February. While the Rand had its own dramas during February, with the Budget Speech and load shedding to name…