News
South Africa SARB Interest Rate Decision meets expectations (7%)
1+ hour, 40+ min ago (250+ words) EUR/USD manages to regain traction and advances to the area of daily highs above 1. 1630 on Thursday. In the meantime, the US Dollar gives away some gains amid renewed tensions in the Middle East, the uptick in PCE and below-estimates…...
South African Rand: Downtrend at risk of resuming " Societe Generale
3+ hour, 25+ min ago (423+ words) Societe Generale technical analysts observe that the USD/ZAR downtrend has stalled after an interim low in January, with the pair capped by its 200-day moving average. A recent pivot high defines a key resistance zone for a larger bounce,…...
South African Rand: Rate hikes and credibility path " Commerzbank
6+ hour, 30+ min ago (448+ words) "When the Reserve Bank of South Africa (SARB) meets today for its monetary policy meeting, the outcome is likely to be an interest rate hike. Inflation rose too sharply in April." "After remaining within the new 2-4% inflation target for 19 months,…...
South African Rand: SARB tightening and fiscal risks " BNY
3+ day, 5+ hour ago (353+ words) "On the positive side, our data indicate that markets have not totally shifted their view on policy credibility, and inflows have generally been improving year to date. Mining/materials equity flows can still benefit the ZAR and local markets selectively,…...
South Africa Unemployment Total climbed from previous 7. 836 M to 8. 137 M in 1 Q
2+ week, 2+ day ago (236+ words) EUR/USD keeps the offered tone intact, trading close to 1. 1750 in the European sessionon Tuesday. The pair remains undermined by notable havendemand for the US Dollar amid the US-Iran impasse. Traders turn cautious ahead of the all-important US CPI data....
South Africa Total New Vehicle Sales dipped from previous 58060to 47979 in April
3+ week, 3+ day ago (220+ words) EUR/USD struggles to attract buyers on Monday and trades in negative territory at around 1. 1700. News of Iran's navy targeting a US warship intending to pass the Strait of Hormuz causes markets to cling to a cautious mood, helping the…...
South Africa Private Sector Credit declined to 8. 5% in March from previous 10. 5%
4+ week, 8+ hour ago (247+ words) EUR/USD holds losses near 1. 1650 in the early European hours on Thursday. The pair remains undermined by broad US Dollar strength, as traders turn cautious amid US-Iran tensions and ahead of key growth and inflation numbers from Germany, Eurozone and…...
fmas returns to Cape Town as Africa's biggest online trading summit
1+ mon, 1+ day ago (258+ words) The event connects brokers, fintech companies, liquidity providers, payment service providers, and traders from across Africa and beyond, creating a central meeting point for the people shaping the region's markets. With 2, 800+ attendees, 500+ global brands, and 60+ speakers, fmas reflects the scale…...
South Africa Gross $Gold & Forex Reserve fell from previous $81. 06 B to $77. 76 B in March
1+ mon, 2+ week ago (144+ words) GBP/USD trades in a tight range around 1. 3400 in early Europe'on Thursday.'The pair'consolidates as investors doubt over the sustainability of the ceasefire between the United States and Iran reached a day ago in the wake of continued attacks by…...
South Africa Net $Gold & Forex Reserve fell from previous $75. 835 B to $73. 187 B in March
1+ mon, 2+ week ago (273+ words) GBP/USD trades in a tight range around 1. 3400 in early Europe'on Thursday.'The pair'consolidates as investors doubt over the sustainability of the ceasefire between the United States and Iran reached a day ago in the wake of continued attacks by…...