ZAR »

  • Swissquote UUIIFXBR

    Japanese inflation came in soft as expected. The CPI ex-fresh food (monitored by the BoJ) decelerated faster-than-expected to 2.0% on year to February (vs. 2.1% exp. & 2.2% last). The household spending contracted for 11th straight month after the sales tax have been introduced in April 2014. USDJPY remained well supported above 119.00 in Tokyo, Nikkei stocks wrote-down 0.95%. The month, quarterJPY-0.23GBP-0.34CHF-0.61EUR-0.68

  • Swissquote UUIIFXBR

    The South Africa’s rand made a flat start to the week before partially pairing gains as Europe stepped in. USDZAR rebounded from 12.0192 (a stone’s throw lower than Fib 61.8% on Feb-Mar rally, 12.05) as Friday’s USD sell-off has perhaps been the final USD bearish wave post-FOMC. Chairwoman Yellen’s objective is to have the market watching the hand with dovish terms (soft

  • Swissquote UUIIFXBR

    There is little risk appetite in the FX markets before Euro-zone Finance Ministers meeting (at 16:00 GMT) on Greek situation. Greece reiterates to not be willing to extend the bail-out package no matter how much Germany insists, looks to nego

  • James Boston

    The South African Reserve Bank (SARB) has shied away from a moderately expected hike in it’s base interest rate as it completes it’s last monetary policy meeting of the year. Barring any unforeseen emergencies the country’s key interest rate will end 2014 at 5.75% this is 75 basis points above where it began the year

  • James Boston

    Today’s Mining Production numbers from South Africa easily serve to confirm yesterday’s reported strong improvement in the Industrial sector. Mining Production for the month of September is showing a 5.3% year on year improvement, this sharply reverses the August reading of a fall of -9.2%. The month on month increase was 7.0% and this compares

  • James Boston

    South African industrial activity has posted a significant turnaround based on the latest data released for the month of September. The year on year Manufacturing Production number revealed a strong positive surprise to markets by coming in at 8.0% growth when measured year on year, the expectation was for a further fall of around -0.9%

  • James Boston
    Forex » ZAR Weaker On Lower Inflation Data
    James Boston - October 22, 2014, 09:13 GMT

    The South African Reserve Bank (SARB) will no doubt feel some easing of pressure following the publication this morning of the September inflation figures for the economy. The year on year Consumer Price Index (CPI) has undergone a welcome half point fall from 6.40% in August to 5.90% in September, this exceeded the expectation for

  • James Boston

    Consumer Confidence in South Africa has returned to negative territory according to the latest data for the third quarter just released. The Q3 reading came in at -1.0 compared with the 4.0 experienced for the second quarter of the year, analysts had forecast a reading of 1.2 today. This latest announcement means that South Africa

  • James Boston

    There is no material improvement in the South African unemployment situation this month according to statistics just released. The figures for the second quarter of this year show the unemployment rate to now stand at 25.5%, this is in comparison to a Q1 rate of 25.2% and a consensus estimate of 25.4%. South Africa has

  • James Boston
    Forex » Rate Rise In South Africa
    James Boston - July 17, 2014, 13:41 GMT

    The South African Reserve Bank (SARB) has announced that it will raise it’s key interest rate this month by 25bps to 5.75%. The last time that the Bank raised this rate was a hike of 50 basis points in January. The International Monetary Fund (IMF) in a statement on the country last week warned that

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