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SARB hikes rates by 25bps; 50bps expected

It appears SARB could have gone with 50bps, but held back due to ongoing load shedding and the hit it may take on the economy.

January 26, 2023 08:47 PM
Gold nuggets

Is the South African Rand pointing to a new low in Gold?

The South African Rand and Gold have a strong positive correlation. Therefore, when one of these assets moves in one direction, the other asset is likely to follow in the same direction.

September 8, 2022 08:12 PM

SARB continues its rate hike cycle by surprising markets with a 75bps hike

Earlier in the week, South Africa released its June CPI at 7.4% YoY vs 7.2% YoY expected and a June reading of “only” 6.5% YoY.

July 21, 2022 08:16 PM

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USD/ZAR near key technical level ahead of SARB

If the SARB raises rates less than expected or if the statement is less hawkish than expected, the pair may break higher.

May 18, 2022 08:10 PM
Board of currencies

USD/ZAR pushing 5-month lows ahead of SARB

Whether the central bank raises rates by 25bps or 50bps may depend on the outcome of the CPI report!

March 22, 2022 06:33 PM
Gold nuggets

How to use the Gold USD correlation to trade fx

Since the start of the year, the correlation between Gold and the US Dollar has been negative a majority of the time

October 6, 2021 06:24 PM

Why the Vix is losing its impact as market correlations break down

We’ve noticed some strange market reactions this week, on the one hand stocks are looking very shaky as some key support levels are tested and […]

EM Rundown: Could USDTRY bulls quit cold turkey?

Central banks will be traders’ central focus in the G10 this week, with monetary policy “decisions” out of the Federal Reserve, Reserve Bank of New […]

EM Rundown: The biZARre collapse in South Africa’s rand

With Tokyo markets offline for a bank holiday (happy Coming-of-Age Day to our Japanese readers!) following the late day collapse in US equities to close […]

EM Rundown: Fed rate hike fears drive USD/ZAR to an all-time high

With the market-implied odds of a Federal Reserve rate hike in December skyrocketing from around 30% a few weeks ago up to 68% as of […]

EM Rundown: Dollar at risk against major EM currencies

With a plethora of major central bank announcements out of the G10 this week, traders will be more focused on developed markets than their emerging […]

EM Rundown: This week’s EM central bank bonanza

After last week’s Federal Reserve excitement, traders would probably be happy for a reprieve from the constant “will-they-or-won’t-they” strategizing that inevitably takes place around major […]

EM rundown: USD/ZAR and USD/RUB test high amidst panicked markets

Traders are still reeling after this morning’s shocking “flash crash.” Liquidity completely dried up at the opening of the North American trading session, with the […]

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August 24, 2015 08:32 PM

EM rundown: USD/ZAR a casualty of Chinese renminbi devaluation

Most major FX pairs are starting off the week on a quiet note as traders try to squeeze in last-second summer vacations and the economic […]

EM Rundown: Which EM Currencies are Most Vulnerable to a Grexit?

As most FX traders know by now, the negotiations over Greece’s debt took a sharp turn for the worse over the weekend, culminating in the […]

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