The rand has been buoyed by tighter monetary policy in Turkey, Russia and Argentina. Our local inflation data assisted in the strength even though the Reserve banks held rates on Thursday.
The Rand has gained over R1.30 against the Euro, USD and GBP in the past three weeks.
Investors tend to panic and run for the exit all... ››› more
The JSE has remained buoyant after falling due to the ANC's EWC announcement last week. It's been range bound since breaking above its previous consolidation phase.
A rally into year-end is still on the cards thanks to several JSE heavy weights earning significant offshore revenue.
Stronger global growth and a rand that is facing headwinds into next year's elections should see earnings inc... ››› more
2016 has been a year many will quickly forget, but for the shock results of the Brexit vote and the US elections; it was a year where many cans were kicked down the road.
Global growth remained benign and potential silver-linings have yet to gain material traction because of lingering uncertainties such as the future US foreign policy, the tensions in South East Asia, lingering debt problems i... ››› more
This week, the South African Rand is at its highest level in seven weeks. It's clawing back against the dollar trading at around R14.74.
I don't know about you but I certainly didn't expect the rand to gain so much ground. I must admit that I had severely negative outlook for the rand this month.
With the political unrest in Tshwane and a new wave of violent strikes in the country, I expect... ››› more
I don't have many regrets.
But the one regret I do have, is not taking action four years ago and opening an offshore savings account to protect a portion of my capital.
The rand is a joke and your money is disappearing in front of your eyes. Not just lately, but for the last four years!
It's still not too late, though to take action and avoid a complete disaster.
After you're done read... ››› more
If you want to trade forex, there are a few different instruments you can use. One of these is currency futures.
If you decide to trade the rand against major international currencies, currency futures are more reasonable to trade than spread trading.
So how do currency futures work? And what currencies can you trade the rand against?
Let's take a closer look…
What are currenc... ››› more
The forex market trades 24-hours a day, five-days a week.
This financial market is the largest and most liquid in the world. It's where the trading of the world's currencies takes place.
So how can you trade the rand against the world's major currencies?
Read on to find out…
How to use currency futures to trade the rand
If you want to trade the rand against a number of the wor... ››› more
When you trade forex, you have a number of options when it comes to putting trades on.
You can go long and short. And depending on what type of currencies you want to trade, you can use currency futures and spread trading.
So if you think the dollar is going to fall against the rand, what can you do to profit?
Let's take a closer look…
Using currency futures to trade the rand
A... ››› more
Since the turn of the year, the rand has been on a rollercoaster against the US dollar.
There are various factors working against the local currency.
So what are these? Why does this make the rand so vulnerable? And what does the future hold?
Let's take a closer look…
The rand continues to struggle at 11/$
After a few months of relative respite, last month the rand started its ... ››› more
The last few weeks have been hard going for the rand. A strong dollar and investors staying away from riskier assets has hit the currency.
But since Wednesday when finance minister Nhlanhla Nene gave his first medium-term budget, the local currency has managed to sustain its gains. It appears traders liked the measures Mr Nene outlined to deal with South Africa's burgeoning budget deficit.
L... ››› more
Yesterday afternoon, news emerged that the five-month long strike in the platinum sector was over. The Association of Mineworkers and Construction Union (AMCU) and the top three platinum producers finally agreed a new three-year deal. The rand strengthened on the news. And this morning the rand continues to hold its gains. Let's take a closer look at what's going on…
The rand rallied 1% on ne... ››› more
The rand has now blown out completely! Over the last few months, the rand has been battling to stand its ground against major developed market currencies. And on Friday, it just folded! Fund outflows, production disruptions and widening current account deficit have all weighted on the local unit. And, with foreign investors heading for the hills, you've got to favour offshore and rand-hedge invest... ››› more
The new week hasn't brought the rand any respite. The local currency is still flirting with lows last seen five years ago. The rand is battling to contend with a stronger dollar and other factors are weighing on it. Let's take a closer look at what's putting pressure on the rand…
By lunchtime today, the rand continued to struggle, says BDLive. This as “sentiment towards emerging market curre... ››› more
When the rand is on one of its roller coaster rides, the most quoted currency you'll hear the rand compared to is the US dollar. But have you ever wondered why the rand dollar rate is most quoted? Read on to find out what the fuss is about the rand against the dollar...
A stable rand dollar exchange rate boosts local business, Gareth Stokes in Fear, Greed and the Stock Market explains...
If e... ››› more
The rand has felt the pressure building all week. With the release of a spate of economic data, the local currency has tumbled. Read on to find out why the rand has fallen…
It has not been a good day for the rand.
It’s almost touching the “psychologically important 10 level” against the dollar, reports IOL. The dollar was “boosted by US data” which showed that its economy is slowi... ››› more
The week got off to a bad start for the stricken rand. And this trend looks set to continue today. Now, more bad news for the weak rand has sent it even lower…
Yesterday saw worse than expected data emerging from China resulting in the rand tumbling against the dollar.
The news that China’s industrial production was worse than forecast left investors continuing to bail out from commodity ... ››› more
A very common question I've been getting asked lately is, why I'm not taking advantage of this weakening rand. One specific question I got from T.M is.
"With the rand on a downward spiral, one would have expected tips from Forex Trader to cash in on the movement?" Now, I'm sure many of you are wondering exactly the same thing...
Why don't I trade the Rand?
Let me explain!
There... ››› more
You'd have to be on a severely restricted media diet to have missed the news that the rand breached R10/$ yesterday. Many are saying President Zuma's speech on unrest in the labour sector and poor economic growth data are the main culprits for this latest spurt of rand weakening, but the rand's been weakening for a while now… Here's how it'll affect your spending.
Following President J... ››› more
While South African stocks rose on Tuesday, mining shares restricted the upswing and the rand dropped to a new three-week low. The reason? Fresh worries about union upset and potential strikes at gold and platinum mines - Lonmin in particular...
Platinum firm Lonmin was yesterday’s biggest faller on the JSE.
It “topped the decliners' list as workers at its South Africa... ››› more
The rand was weaker on Thursday. This was ahead of yesterday's major data releases from the European Central Bank and today's US nonfarm payroll figures. But don't despair! There's a great investment strategy you can use to profit from a weak rand!
The rand is expected to remain weak, between R9.18 to R9.28/$ in the short term.
It’s going to take something significant to move us o... ››› more
Disclaimer FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found on this website.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this website.