Market News
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MARKET ANALYSIS AND CURRENCY PATROL
These are the mid rates at 6:15 today: USD = R17.81 AUD = R11.99 GBP = R22.12 DXY = 102.14 EUR = R19.45 Brent Crude = $78.61 per barrel Local headlines have struggled to improve the Rand lately but not yesterday, this as the SARB’s announcement had a clear and dramatic impact on…
MARKET ANALYSIS AND CURRENCY PATROL
These are the mid rates at 6:40 today: USD = R18.14 AUD = R12.15 GBP = R22.38 DXY = 102.53 EUR = R19.67 Brent Crude = $78.85 per barrel Things may quiet as far as news flow goes but the upshot is that yesterday this was bad for the Dollar and good for…
MARKET ANALYSIS AND CURRENCY PATROL
USD = R18.17 AUD = R12.09 GBP = R22.25 DXY = 102.99 EUR = R19.57 Brent Crude = $74.87 per barrel With all the recent panic about an ever widening banking crisis things had settled down somewhat mid-week last week after UBS agreed to buy Credit Suisse while the FED hiked interest rates…
MARKET REPORT AND CURRENCY PATROL
These are the mid rates at 6:30 today: USD = R18.14 AUD = R12.24 GBP = R22.38 DXY = 102.10 EUR = R19.80 Brent Crude = $75.85 per barrel 12 months and 9 consecutive interest rate hikes later it looks like the FED is finally nearing the end of their rate hiking cycle, and the…
FINANCIAL ANALYSIS AND CURRENCY MARKET PATROL
USD = R18.55 AUD = R12.42 GBP = R22.70 DXY = 103.19 EUR = R19.98 Brent Crude = $75.06 per barrel The national shutdown is behind us, the global banking crisis appears to be under control and so all the Rand needs to do now is get past tonight’s FED decision. Chinese President Already facing uncharted territory, the Federal Open Market Committee’s job is only getting tougher. It faces innumerable…
FINANCIAL ANALYSIS AND CURRENCY MARKET PATROL
USD = R18.35 AUD = R12.31 GBP = R22.29 DXY = 104.11 EUR = R19.54 Brent Crude = $75.46 per barrel Some would say the silly season is upon us, that stretch of 4 day work weeks that lies ahead! The Rand could do with an extended weekend after international headlines drove us…
FINANCIAL MARKET ANALYSIS & CURRENCY PATROL
USD = R18.10 AUD = R12.14 GBP = R22.06 DXY = 103.54 EUR = R19.48 Brent Crude = $78.32 per barrel The currency market has been relatively well behaved despite everything in the point above is an impressive feat, and if anything the Rand looks to have come out of this in a…
FINANCIAL MARKETS AND CURRENCY PATROL
USD = R18.24 AUD = R12.13 GBP = R22.19 DXY = 103.95 EUR = R19.54 Brent Crude = $79.69 per barrel US President Joe Biden released this statement, “Over the weekend, and at my direction, the Treasury Secretary and my National Economic Council Director worked diligently with the banking regulators to address problems…
FINANCIAL MARKET ANALYSIS & CURRENCY PATROL
USD = R18.60 AUD = R12.28 GBP = R22.06 DXY = 105.60 EUR = R19.64 Brent Crude = $82.80 per barrel S&P Global late Wednesday downgraded its outlook on South Africa to “stable” from “positive”, citing infrastructure constraints and a severe power crisis. South Africa’s economy contracted more than expected in the last…
CURRENCY PATROL
USD = R18.64 AUD = R12.26 GBP = R22.02 DXY = 105.82 EUR = R19.63 Brent Crude = $83.46 per barrel Tuesday was a bruising day for risk assets and the Rand was not spared with local and international headlines sending us plummeting. We opened the day at R18.23 to the Dollar and…