South African Rand Aug '26 (T6Q26)
South African Rand Futures Market News and Commentary
The dollar index (DXY00) fell to a 7-week low today and is down by -0.10%. Easing geopolitical tensions in the Middle East are boosting stocks and reducing safe-haven demand for the dollar. Also, today's -6% plunge in WTI crude oil prices lowers inflation expectations and could prompt the Fed to loosen monetary policy, a negative factor for the dollar. The dollar recovered from its worst level after the July ISM manufacturing index rose more than expected to a 4-year high.
Dovish comments today from New York Fed President John Williams were negative for the dollar when he said interest rates remain well positioned as inflation should ease during the second half of the year.
The US July ISM manufacturing index rose +2.3 to 55.6, stronger than expectations of 53.9 and the fastest pace of expansion in four years.
US June construction spending unexpectedly fell -0.1% m/m, weaker than expectations of a +0.2% m/m increase.
The markets are discounting a 63% prob... Read more
Barchart · Mon Aug 3, 9:33AM CDT
The dollar index (DXY00 ) fell to a 7-week low today and is down by -0.10%. Easing geopolitical tensions in the Middle East are boosting stocks and reducing...
Barchart · Mon Aug 3, 9:30AM CDT
Behind the joint yen rescue operation, from FIMA to euros, and what it means for the Treasury market, the carry trade, and more.
Barchart · Mon Aug 3, 9:22AM CDT
December Australian dollar futures present a buying opportunity on more price strength.
Barchart · Mon Aug 3, 7:16AM CDT
It was another Monday morning of more of the same, with a little spice added in, just to change things up a bit.
Wavetraders · Mon Aug 3, 5:04AM CDT
USDJPY has reversed aggressively from the 164 area, breaking key technical supports and signaling that a larger trend change may be underway. While a short-term...
Barchart · Fri Jul 31, 2:38PM CDT
The dollar index (DXY00 ) rose by +0.04% on Friday. The dollar recovered from a 6-week low on Friday and posted modest gains as higher T-note yields strengthened...
Barchart · 15 minutes ago
October NY world sugar #11 (SBV26 ) today is up +0.33 (+2.35%), and October London ICE white sugar #5 (SWV26 ) is up +7.20 (+1.56%). Sugar prices are sharply...
Barchart · 19 minutes ago
Kioxia’s weak outlook has cast fresh doubt on the AI memory boom. Here’s how investors should approach Micron stock.
Barchart · 35 minutes ago
September ICE NY cocoa (CCU26 ) today is up +529 (+9.62%), and September ICE London cocoa #7 (CAU26 ) is up +368 (+9.17%). Cocoa prices are sharply higher...
Barchart · 44 minutes ago
Despite AbbVie’s outperformance relative to the broader market over the past year, Wall Street analysts maintain a cautiously optimistic outlook about...
Barchart · 44 minutes ago
The Japanese banking conglomerate cited stronger-than-expected operational metrics for Bloom's upgrade.
Barchart · 46 minutes ago
September arabica coffee (KCU26 ) today is down -10.10 (-3.04%), and September ICE robusta coffee (RMU26 ) is up +10 (+0.26%). Coffee prices are mixed...
Barchart · 1 hour ago
September WTI crude oil (CLU26 ) today is down -4.87 (-5.75%), and September RBOB gasoline (RBU26 ) is down -0.1186 (-3.81%). Crude oil and gasoline prices...
Barchart · 1 hour ago
MarketAxess reported solid second-quarter results, beating estimates while announcing the Intercontinental Exchange acquisition.