Paul Leonard

Advice Partner at Citadel | MONEY TALK presenter on Algoa FM

[Paul Leonard @Paul_Leonard_]

The Rand – Fri 8/10/21

Risk sentiment improves, commodity driven currencies claw back some ground, easing energy prices and the Senate's vote to raise US debt ceiling averted some fears.

The rand opens at R14.98/$, R17.31/€ and R20.39/£

https://t.co/1sIawFm0BZ

[Paul Leonard @Paul_Leonard_]

The Rand – Thur 7 Oct 21

The main themes continue. Concerns around the surging cost of energy prices and their effect on inflation and growth are also becoming more pronounced.

We start the day at R14.99/$, R17.32/€, R20.36/£.

#retirementplanning

https://t.co/g9zkWXFu7N

[Paul Leonard @Paul_Leonard_]

The Rand – Thu 30 Sep 21
The dollar remains strong as the Fed aims to start tapering of asset purchases in November. Eyes are on the US debt ceiling, which may bring the US government to a shutdown, again.
We open at R15.14/$, R17.57/€, R20.37/£
Source: https://t.co/g9zkWXFu7N

[Paul Leonard @Paul_Leonard_]

The Rand – Mon 27 Sept 21

Chinese property giant, Evergrande’s woes continue, dampening risk appetite in the market.

The rand tested a break above the R15.00/$ mark on Friday SA Heritage Day.

The week starts @ R14.91/$, R17.48/€;R20.40/£.

Source: https://t.co/g9zkWXnSJd

[Paul Leonard @Paul_Leonard_]

The Rand Thu23 Sep 21

The US$ traded to its highest level in a month following the FOMC meeting last night. The Fed anticipates raising interest rates and tapering asset purchases sooner than its peers.

The rand starts at R14.80/$, R17.33/€; R20.20/£

https://t.co/g9zkWXFu7N

[Paul Leonard @Paul_Leonard_]

The Rand – Wed 22 Sep 21

Yesterday saw some relief for risk sentiment, as China’s Evergrande committed to make some of its interest payments on Thursday.

The rand starts the day at R14.78/$, R17.33/€ and R20.20/£.

Source https://t.co/g9zkWXnSJd

[Paul Leonard @Paul_Leonard_]

The Rand – Tue 21 Sep 21

It's all eyes on one of China's largest property developers, Evergrande. The company is at risk of defaulting which could have a severe impact on Chinese banking and economy.

The Rand starts at R14.76/$, R17.32/€; R20.18/£

https://t.co/g9zkWXnSJd

[Paul Leonard @Paul_Leonard_]

The Rand mon 20 Sep 21

The rand starts Monday on the backfoot, as investors await the Fed meeting later in the week.

The rand is trading at R14.83/$, R17.37/€, and R20.32/£.

Source https://t.co/g9zkWXFu7N

[Paul Leonard @Paul_Leonard_]

The Rand – Wed 15 Sep 21

Yesterday’s US CPI numbers indicated that inflation in the world’s largest economy is starting to cool, raising new questions around the pace and timing of tapering.

The rand starts at R14.35/$, R16.94/€, R19.81/£.

https://t.co/g9zkWXFu7N

[Paul Leonard @Paul_Leonard_]

The Rand – Tue 14 Sep 21

The US$ climbed to a 2-week high vs numerous currencies yesterday, as tapering talks slowly regain momentum.

The rand touched R14.26/$ then then regained some lost ground. Today starts at R14.16/$, R16.73/€, R19.60/£.

https://t.co/g9zkWXFu7N

[Paul Leonard @Paul_Leonard_]

The Rand – Wed 8 Sep 21

Yesterday’s local GDP figures, although better than expected, had no impact on the strength of the rand. In fact, it weakened throughout yesterday’s trade.

Today the rand started the trading at R14.30/$, R16.94€ and R19.71/£.
https://t.co/g9zkWXFu7N

[Paul Leonard @Paul_Leonard_]

The Rand – Tue 7 Sep 21

Markets now turn their focus to central bank policy-decisions & data outside the US. Bank of Australia announces its monetary policy decision today, Bank of Canada on Wed, ECB on Thurs.

The Rand opened R14.23/$, R16.90/€, R19.71/£.
#Citadelglobal

[Paul Leonard @Paul_Leonard_]

The Rand – Mon 6 Sep 21

The Rand starts the week on the front foot after Friday's disappointing US non-farm payrolls. Markets anticipate a delay in US's tapering of asset purchases.

The rand starts @ R14.33/$, R17.01/€ and R19.85/£.

https://t.co/g9zkWXFu7N

[Paul Leonard @Paul_Leonard_]

The Rand – Thu 26Aug'21

The Feds Jackson Hole Economic Symposium kicks off today. Additional info around tapering of asset purchases and US interest rates will provide new direction to markets.

The rand starts today at R14.97/$, R17.60/€, R20.58/£.

https://t.co/g9zkWXFu7N

[Paul Leonard @Paul_Leonard_]

The Rand – Mon 23Aug21

The US$ gave up some ground during early Asian trade. Commodity driven currencies remain low over Delta variant concerns.

Warnings of a nationwide shutdown in SA caused concern

The week starts R15.22/$, R17.85/€ and R20.79/£.
https://t.co/g9zkWXFu7N

[Paul Leonard @Paul_Leonard_]

The Rand – Thu 18 Aug 21

The rand tested levels above R14.90/$ as investors remain on edge. Market focus remains on the Afghan tension, the spread of the Delta variant, and growth in the US.

Today starts at R14.85/$, R17.40/€ and R20.42/£.

#Citadelglobal
#retirement

[Paul Leonard @Paul_Leonard_]

The Rand – Tue 17 Aug 21

Poor economic data from China, ongoing Delta variant concerns, and tension in Afghanistan, all contributed to risk-off trade overnight putting the rand under pressure.

Today starts at R14.89/$, R17.53/€ and R20.58/£.

#citadelglobal

[Paul Leonard @Paul_Leonard_]

The Rand – Mon 16Aug21

The broad theme of US growth & monetary policy remains as investors await the Fed minutes, hoping they will provide a clarity of when tapering of asset purchases could start.

Today starts @ R14.74/$, R17.39/€, R20.44/£.
Source https://t.co/g9zkWXFu7N

[Paul Leonard @Paul_Leonard_]

The Rand – Thu 12 Aug 21

Lower-than-expected US inflation numbers dampened the dollar yesterday.

The rand enjoyed the reprieve and continues to be driven by global events.

The rand started today at R14.65/$, R17.21/€ and R20.33/£.

https://t.co/g9zkWXFu7N

[Paul Leonard @Paul_Leonard_]

The Rand – Wed 11Aug21

News that Biden’s infrastructure development plan was passed by the Senate on Tuesday saw US Treasury yields soar and the dollar strengthen.

The rand remains under pressure and starts today at R14.82/$, R17.36/€ and R20.48/£.

https://t.co/g9zkWXFu7N