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And welcome to our last Weekly Rand Review of 2024! The Rand had a nightmare week after several weeks of gains, what with interest rate cuts and political shake-ups around the globe, coupled with South Africa’s first FDI outflows in four years. But it wasn't just the Rand that suffered, as global markets crashed mid-week before recovering somewhat

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The dollar headed for its best weekly performance in a month on Friday, as investors priced in the possibility of the Federal Reserve cutting rates more slowly next year, while sterling fell after a surprise contraction in UK economic activity. The U.S. currency held firm against the euro and Swiss franc following rate cuts by those central banks a day earlier,...

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The South African rand edged higher against the dollar despite a strong U.S. jobs report on Friday, after a difficult week for risk sensitive currencies as tensions escalated in the Middle East. By 1512 GMT, the rand USDZAR traded about 0.3% firmer at 17.465 against the dollar. Since the start of the week, the local unit is down about 2%. The dollar DXY ...

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The US jobs report has sent the USDCHF, finally outside of the up and down trading range that has mostly confined the pair between 0.8399 and 0.85368. The price was trading near 0.85166 ahead of the report, and has now surged up to 0.8607. At the high, the price has tested the 61.8% retracement of the move down from the mid-August high. That level comes in at...

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Our pivot point is at 0.5953. Our preference Target 0.5898. Alternative scenario The upside breakout of 0.5953, would call for 0.5972 and 0.5984. Comment The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (0.5940) but...

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The Bitcoin halving is a programmed process in the Bitcoin BTCUSD protocol that reduces the amount of BTC that can be mined per block by 50% every 210,000 blocks, which occurs roughly every four years. In a matter of days, the reward for mining a block will reduce from 6.25 BTC to 3.125 BTC. Roughly 900 BTC hits the market every day, but that figure will be...

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Front Month Comex Silver for December delivery gained 89.90 cents per troy ounce, or 3.91% to $23.870 this week Up four of the past five weeks Today it is down 22.60 cents or 0.94% Largest one day dollar and percentage decline since Friday, Dec. 8, 2023 Down nine of the past 10 sessions Off 8.32% from its 52-week high of $26.035 hit Thursday, May 4, 2023

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. HONG KONG (Reuters) -Asian shares were flat on Thursday with markets holding onto their gains for the week as confidence grows that interest rates globally will head lower next year, while oil prices fell on the prospects for smaller-than-expected output cuts by OPEC+. Investors are also looking to Chinese policymakers for clues on possible support for the...

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The Australian dollar is trending higher and its rise may accelerate following hawkish messages in the Reserve Bank of Australia's November meeting minutes and comments by Governor Michele Bullock. The AUD/USD has risen nearly 5% from its Oct 26 low at 0.6271 on the back of a broadly weaker U.S. dollar, rising iron ore prices and bounce in global equity...

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EInflation is anticipated to start easing toward the midpoint of the South African Reserve Bank’s 3% to 6% target range, which is where it prefers to anchor expectations. Against that outlook, economists are in consensus that the MPC will close off the year, leaving the benchmark rate unchanged for a third straight meeting while delivering a hawkish message. Most...

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Australian Dollar hovers near a major level ahead of RBA, FOMC Meeting Minutes Australian Dollar gains ground after China’s interest rate decision. Australia's Dollar receives upward support due to the downbeat Greenback. PBoC kept LPR unchanged at 3.45% as expected. US Dollar plunged on Friday despite upbeat US housing data.

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U.S. Treasury yields fell sharply last week after lower-than-expected U.S. inflation data coupled with rising U.S. jobless claims all but eliminated the likelihood of further monetary tightening by the U.S. central bank, giving traders the green light to begin pricing in more aggressive rate cuts for next year. The downturn in yields boosted stocks across the...

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U.S. Treasury yields fell sharply last week after lower-than-expected U.S. inflation data coupled with rising U.S. jobless claims all but eliminated the likelihood of further monetary tightening by the U.S. central bank, giving traders the green light to begin pricing in more aggressive rate cuts for next year. The downturn in yields boosted stocks across the...

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The strategic moves by ETH whales underscore a sustained bullish sentiment and a long-term investment perspective. With ETH maintaining support above the $1,970 mark, these investors are seizing opportunities to accumulate more of the cryptocurrency. However, the market remains vigilant, as extensive selling by these whales could prompt a market pullback if they...

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Dogecoin Metrics Signal Impending Breakout, How High Can The Price Go? Nov 19, 202301:30 GMT+2 Dogecoin is definitely on a rally as shown by crypto market numbers. The cryptocurrency has experienced a significant market increase amidst a wider consolidation, with the price up by 7.46% in the past seven days. Although the price of DOGE was recently pushed...

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Front Month Comex Silver for November delivery gained $1.5940 per troy ounce, or 7.18% to $23.809 this week Largest one week net and percentage gain since the week ending July 14, 2023 Up four of the past six weeks Today it is down 8.30 cents or 0.35% Largest one day dollar and percentage decline since Friday, Nov. 10, 2023 Snaps a four session winning streak Off...

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Ethereum's multi-month low came during the week just over $1,600. ETH reacted well since then and it's up to $1,750 after a 4% increase in past few hours .Bulls decided to step up and take full control , after a depressing price movement

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BTCUSD had recovered some ground and stood at $25,500 after BlackRock's filing for a Bitcoin spot ETF after a minor set back yesterday and a dip to $25,200 , the crypto currency went on tear and skyrocketed to a 9-day H at $26,800 . After several days of depressing price movement for BTCUSD , Bulls decided to step In , but the question is {is it gonna break the...