The ZAR Exchange Rate Thread

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I don't quite understand the Moody's report, hopefully they have actual quotes from sources. The fundamentals meant that a cut was on the cards. Inflation back in the target range and slow economic growth.
 
Lupus said:
But 25 basis points isn't a lot
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It's quite a lot when rates should be increasing. But we know the SARB stance on this.

cr@zydude said:
I don't quite understand the Moody's report, hopefully they have actual quotes from sources. The fundamentals meant that a cut was on the cards. Inflation back in the target range and slow economic growth.
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Do you need actual quotes when you wield all the power?
 
Also looking at other currencies it seems the dollar is strengthening as the pound and euro are roughly what it has been for the last couple of days.
 
Not good tonight. Sitting at R14.07 to the Dollar after being at R14.14 earlier
 
HavocXphere said:
Bought 150k. Betting this thing is coming back down to 13.85 shortly
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:p
 
Hosehead said:
Reserve bank will probably shore up the rand as I have suspected they have been doing for a while now
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A look at the reserve banks forex reserves would provide valuable insight into this theory. I've had the same conspiracy theory since Gordhan was axed.
 
reactor_sa said:
A look at the reserve banks forex reserves would provide valuable insight into this theory. I've had the same conspiracy theory since Gordhan was axed.
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the reserve bank hasn't got sufficient reserves to sustain any kind of meaningful intervention, not to mention it will prove expensive in this climate
 
HavocXphere said:
So far yes. Patience.

My entire portfolio is blood red at the moment anyway so can just add this to the list
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One thing I've learned over the past couple of years is, I will NEVER bet on the direction of the Rand. It's a total rollercoaster, and so dependent on unforeseen events like Zuma's (predictable) self-serving corruption versus Trump's (unpredictable) Twitter rants.
 
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Forex trading on the rand takes a brave brave man. Good luck, and may the odds ever be in your favour.

Seriosly though I think your odds are better in a casino and that ain't saying much :wtf:
 
HavocXphere said:
My entire portfolio is blood red at the moment anyway so can just add this to the list
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JSE and investments are not a good bet in South Africa. Even more so with more impending downgrades. The stock exchange and all shares will fall even more, until a period where it will stop and trade sideways for many years to come. Buying shares now or having investments on the stock exchange now is just crazy.

cerebus said:
One thing I've learned over the past couple of days is, I will NEVER bet on the direction of the Rand. It's a total rollercoaster, and so dependent on unforeseen events like Zuma's (predictable) self-serving corruption versus Trump's (unpredictable) Twitter rants.
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Agreed, the Rand Dollar exchange is a roller coaster ride and that is signs of a currency in danger. Not a wise idea to bet on it either. But, if I should bet on it, I would short the Rand for the long run.
 
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