South African Rand forecast - zar south african rand rand

Yesterday’s session brought significant price action for more than one of the sixteen most actively traded global currencies. Leading the way as the major market mover of the day was the South African Rand, which was trading down by 3.00% against the Pound Sterling at one point. The sharp move higher to 15.2770 for the GBP ZAR exchange rate...

‘Sell in May and go away, buy again on St. Ledger Day’ – so goes the tried and tested adage from the equities market. As we enter the final week of May, this time-worn saying has rarely seemed more prescient. Last Thursday’s session saw Tokyo’s Nikkei 225, considered by many analysts to be Asia’s premier share index, give up over...

A press release from leading credit ratings agency Moody’s Investor Services, released during Friday’s session, spelled good news for Turkey and for the Turkish Lira. Moody’s announced that they had upgraded their credit rating of the Mediterranean nation’s sovereign debt to Baa3. The move means that Turkish bonds are now considered...

The US Dollar was star performer in the currency markets yesterday afternoon following the release of a strong set of domestic labour market data. Official US government figures revealed that the number of Initial Jobless Claims had fallen to its lowest level since late in late 2007 last week. The print of 323,000 new claimants bettered...

Trading volumes in the UK were extremely light during yesterday’s session thanks to the May Day Bank Holiday. However, it was ‘business as usual’ across Asia and large parts of Europe, triggering pronounced price action for many of the sixteen most-actively traded currencies. Market participants spent the early part of yesterday’s...

The Euro has strengthened against the US Dollar as the Italian political crisis finally came to an end increasing demand for riskier assets, investors however remained cautious ahead of the European Central Bank meeting on Thursday as many expect the Bank to announce an interest rate cut. The Euro was supported by high demand for Italian...

Yesterday’s session in the currency markets brought a relatively light schedule of data releases, perhaps the most significant of which came from the eurozone in the form of the latest consumer confidence survey. Analysts had been anticipating a deterioration of the levels of optimism amongst economic participants in the region, so it came...

This morning’s UK CPI Inflation data showed a levelling off in the rate of British prices last month. The headline measure of UK inflation remained at the same level as February’s showing printing at exactly the same year-on-year level last month. The ‘no change’ figure of 2.8% was anticipated by analysts, however the Bank of England...

Yesterday’s session brought dramatic movement in the currency markets, as institutional investors shifted out of risk-laden assets in response to a heady mix of weak Chinese data and potentially toxic geo-political situations. The start of the week was always bound to be fraught, given that the 15th March marks the birth date of North...

Today’s session has once again seen global share markets register healthy gains, with London’s benchmark FTSE 100 trading up by almost 1% with two hours of the day’s equities session remaining. Frankfurt’s Dax has registered gains of an even greater magnitude so far today. The improvement in global risk sentiment has taken place...