Tag Archives: South Africa


Sterling Continues to Impress Versus Majors

Pound off Friday’s high’s but holds key support levels ECB member says no FX target for euro Dollar still under pressure versus majors South African Rand recovers as miners agree to end 5 month strike

Categories: Market Commentary.


Dollar Strength Kicks off New Trading Week

Safe haven currencies kick off new week on the front foot. Spain still in market focus for when rather than if it will take a bailout. EU Summit to take place Thursday/Friday this week. Oil drops for second day on … Continue reading

Categories: Market Commentary.


IMF Warns of Fresh Global Crisis Unless Eurozone Finds a Fix

U.S. currency rallies as risk appetite disappears. Equity markets post losses as fears of global debt crisis continue. Sterling suffers against majors but trades higher vs South African Currency. Euro mixed as posts losses versus dollar but hits 3 week … Continue reading

Categories: Market Commentary.


Pound Hits Three Week High Versus Dollar

Equities rise as greenback sold off on risk appetite rise. Sterling rallies against US dollar after strong UK retail sales published. Euro makes gains versus majors on Merkel comments. Sterling posts gains versus South African Rand, Aussie & Kiwi dollars.

Categories: Market Commentary.


Euro Suffers on Greek Turmoil

Euro see’s heavy selling pressure on Greek government woes. Dollar breaks through $1.29 handle versus euro on safe haven move. Pound looking well supported against single currency. South African currency falls on safe haven move in currency markets. For more … Continue reading

Categories: Market Commentary.


ECB to Make Concessions on Greek debt as Euro Rallies

All eyes on Europe for potential resolution on Greek debt issue. Euro storms back vs majors on rumours draft finished on Greek debt. Sterling hits 12 week high versus US dollar on gain in risk appetite. Greenback sold off across … Continue reading

Categories: Market Commentary.


Euro remains under pressure as Spain & Italy go to bond auction.

Dollar continues to stand firm versus the majors on safe haven move. Euro to remain under pressure as Spain & Italy got to bond market. Sterling seems slight fall in value after BRC data disappoints. South African rand and other … Continue reading

Categories: Market Commentary.


South African Rand hits 4.5 month low vs Sterling

Commodity currencies such as the South African Rand , Aussie and Kiwi dollars have seen aggreisive selling in financial markets Monday as concern the global economy is slowing, sapping demaind for higher yielding assets. GBP/ZAR hit a month high on … Continue reading

Categories: commodities, currency, sterling.