Daily Reports
Daily Market Trends
View the most up-to-date daily market trends below.
FX DAILY REPORT
09 October 2024
The Rand opened significantly weaker against all the majors this morning.
Rising geopolitical tensions in the Middle East are adding pressure to the ZAR, as investors grow increasingly risk-averse due to the ongoing conflict in the region. With no…
FX DAILY REPORT
08 October 2024
The Rand opened stronger against all the majors this morning.
The Middle East conflict continues to heat up as Israel returns fire on Northern Gaza and is expected to retaliate against Iran for last…
FX DAILY REPORT
07 October 2024
The Rand opened stronger against all the majors this morning.
US labour market data released on Friday reaffirms the recovering labour market with all positive results…
FX DAILY REPORT
04 October 2024
the Rand opened this morning stronger against the Pound but weaker against the Dollar and Euro.
The Rand has pulled back from its recent highs due to global uncertainty following the conflict in the Middle East, combined with the Dollar…
FX DAILY REPORT
03 October 2024
The Rand opened stronger against all the majors this morning.
ADP Nonfarm employment change came in higher than expected at 143k compared to expected 124k. The recent positive US labour market results have been providing support…
FX DAILY REPORT
02 October 2024
The Rand opened weaker against all the majors this morning.
The USD continues to strengthen against the ZAR as bets of a 50-basis point cut continue to decrease after Fed Chairman Jerome Powell’s hawkish comments on Monday. PMI and JOLTs…
FX DAILY REPORT
01 October 2024
The Rand opened weaker against all the majors this morning.
The reason for the ZARs weakening may be linked to the strengthening of the USD. Fed Chairman, Jerome Powell disregarded a possible 50 basis point rate cut…
FX DAILY REPORT
30 September 2024
The Rand opened stronger against all the majors this morning.
The USD weakened further on Friday after softer-than-expected PCE inflation data. Despite the decline, the results reaffirm that inflation is on track and steadily moving…
FX DAILY REPORT
27 September 2024
The Rand opened weaker against the GBP and stronger against the USD & EUR this morning.
Positive Economic results released yesterday for the US has caused investors to drop bets of a higher 50 basis point rate cut, with bets now standing at 48.7% for a 50 basis point cut…
FX DAILY REPORT
26 September 2024
The Rand opened stronger against all the majors this morning.
A few analysts have attributed the ZARs current strength to the interest rate cuts made by the SARB and the US Federal Reserve. The weakening USD is playing a role in supporting…
FX DAILY REPORT
25 September 2024
The Rand opened stronger against the USD, and opened with little to no change against the GBP and EUR.
Gold continues its bullish trend and has reached a new all time high of $2,670.00. This is a result of the current risk averse…
FX DAILY REPORT
23 September 2024
The Rand opened slightly weaker against the GBP, while strengthening against the USD and EUR this morning.
Gold reached a new all-time high of $2,630.00, as it continues to be the preferred safe-haven asset. The 50-basis point interest rate…
FX DAILY REPORT
20 September 2024
The Rand opened stronger against the USD and weaker against the EUR & GBP this morning.
The USD continues to weaken as a result of the 50-basis point cut and the slight concerns of a potential recession. Investors continue to flock from USD to alternative safe-haven…
FX DAILY REPORT
19 September 2024
The Rand opened stronger against all the majors this morning.
The US Feds decided to cut interest rates by 50 basis points last night from 5.50% to 5.00%. This steep rate cut caused the USD to weaken significantly following the…