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Hi,

Here's the CURRENCY HUB Monthly Market Update, reflecting on last month's trading and the short-term expectations.

Monthly Client Profit Summary:

   
   
Trading Commentary:


The crypto arbitrage premium remained stable within the 0.8%–0.9% range throughout September, providing the trading desk with consistent trading opportunities and resulting in a high daily net return of 0.62% and an average daily return of 0.26% during the month.

Throughout the period, softer US economic data and growing expectations of a Federal Reserve rate cut supported the Rand, which traded firmly between R17.20 and R17.60 to the Dollar. Much of this strength followed weaker-than-expected US employment data, which ultimately led the Fed to implement a long-anticipated 25 basis point rate reduction. In contrast, the South African Reserve Bank opted to keep the repo rate unchanged at 7%, reinforcing policy stability. The resulting divergence in monetary policy weighed on the Dollar and bolstered demand for higher-yielding emerging market currencies such as the Rand.


Looking ahead, attention will turn to upcoming US economic data releases—particularly employment and inflation figures—which will guide the Dollar’s direction and, in turn, influence both the Rand and Bitcoin’s performance. These developments will remain key in shaping arbitrage conditions as we move into October. 


With less than three months remaining in the year, we encourage all clients to utilise their SDA and AIT allowances to maximise their annual limits before they reset on 1 January. Please submit a support ticket if you would like to begin or resume trading.


   
   

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As always, we appreciate your trust and continued support.

Please don’t hesitate to reach out if you have any questions or would like assistance getting started.


The CURRENCY HUB Team

currencyhub.co.za

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BLACK ONYX CURRENCY HUB (PTY) LTD trading as CURRENCY HUB is an authorised financial services provider (FSP 50850), and is a SAARB approved TOC Forex Intermediary (B17). BLACK ONYX CURRENCY HUB is also an active member of CAASA (Crypto Asset Association of South Africa).

Crypto assets are highly volatile and involve significant risk. Past performance is not a guarantee of future results. This newsletter is for informational purposes only and does not constitute financial or investment advice. Always consult a licensed advisor before investing.

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