USD/ZAR

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Gold nuggets

Is the South African Rand pointing to a new low in Gold?

The South African Rand and Gold have a strong positive correlation. Therefore, when one of these assets moves in one direction, the other asset is likely to follow in the same direction.

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September 8, 2022 03:12 PM
Uptrend

SARB continues its rate hike cycle by surprising markets with a 75bps hike

Earlier in the week, South Africa released its June CPI at 7.4% YoY vs 7.2% YoY expected and a June reading of “only” 6.5% YoY.

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July 21, 2022 03:16 PM
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USD/ZAR near key technical level ahead of SARB

If the SARB raises rates less than expected or if the statement is less hawkish than expected, the pair may break higher.

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May 18, 2022 03:10 PM

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USD/ZAR pushing 5-month lows ahead of SARB

Whether the central bank raises rates by 25bps or 50bps may depend on the outcome of the CPI report!

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March 22, 2022 02:33 PM
Gold nuggets

How to use the Gold USD correlation to trade fx

Since the start of the year, the correlation between Gold and the US Dollar has been negative a majority of the time

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October 6, 2021 01:24 PM

Why the Vix is losing its impact as market correlations break down

We’ve noticed some strange market reactions this week, on the one hand stocks are looking very shaky as some key support levels are tested and the Vix index is at its highest level for 6-months. However, on the other hand, emerging market currencies are holding up well vs. the USD, the South African rand is one of the top performers vs. the USD this week, and the US corporate high yield debt spread with Treasury yields remains remarkably stable at 3.5%. So what is going on?

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April 12, 2017 05:31 AM

EM Rundown: Could USDTRY bulls quit cold turkey?

Central banks will be traders’ central focus in the G10 this week, with monetary policy “decisions” out of the Federal Reserve, Reserve Bank of New Zealand and Bank of Japan, but there will also be some potentially important central bank meetings in the emerging world as well. While not too many readers are trading the currencies of Hungary, Nigeria, Ukraine or Israel (each of which features a central bank meeting this week), there will be central bank updates from more widely-followed nations like Russia, South Africa, and Turkey.

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