The JSE heavy weight Naspers, has pulled backed after it rallied over 50% from its 2018 low. The pull back is due to a global market sell-off sparked by President Trump escalating the Trade War and ‘kicking out' Huawei.
Below is a chart of Naspers, I've included the Fibonacci retracement levels, as traders will be eyeing these levels to build positions. Yesterday's close was just below the 3... ››› more
Investors have been banking profits and positioning their portfolios for an escalation in the “Trade Wars”. Panic and fear haven't gripped the market gauging by the increase in the Volatility Index (VIX) over the past few days but that could all change with further tit-for-tat tariff increases.
Investors could generate significant returns waiting for the VIX to reach 25 before buying into ... ››› more
The UK market has rallied over 9% year to date (the market was closed yesterday). But it remains just above a multi-year trading channel dating back to 1999. Investors and businesses don't like policy uncertainty and Brexit has created almost three years of it.
The most recent revelations of secret talks and renewed focus on a people vote add to the uncertainty.
We believe the UK market is ... ››› more
Theresa May's recent (modified) Brexit deal has again been convincingly beaten in the House of Commons.
Although it was by a smaller margin than before, it was however still a strong rebuke of her overall deal.
So, what’s next?
At the time of writing we were about to face a vote by MPs that will determine whether or not the UK wants to leave the EU with no deal in... ››› more
Q. "Can someone who is black listed open or have a share trading account?"
A. Yes, it is possible to have a trading account with a broker.
The broker is responsible to do the relevant checks on a client as the broker is liable for the trading actions of his client.
5 Shares Set to Rocket in 2019
... ››› more
So far we've already made two big predictions on Gold and the South African rand and where your money should be.
Today I'm going to let you in on my 3rd prediction for the year – The Euro (EUR/USD).
It seems like Europe is out of the limelight when it comes to the debt crisis with the PIGS (Portugal, Italy, Greece an... ››› more
What you're about to read will shock you…
1999 - The Euro came into existence in January which was the goal of the European Union and its predecessors since the 1960s.
Initially there was a negative reaction as the Euro fell below parity (1:1) with the US Dollar for the first time.
After, the dust settled and the EU was finding its feet with regulations, treaties and legislations, the E... ››› more
What you're about to read might be great for South Africans, but not so great for the UK.
Just a few months ago I was in London burning my fingers from every purchase. At the time the GBP/ZAR was trading at R23.00 to one pound.
So every item of clothing, gadget and snack I bought in Regent Street was around four times more expensive than here in SA.
MC Donalds alone on average was around ... ››› more
Since the result of the Brexit referendum came in last week, investors have watched millions disappear from the companies in their portfolios. This week, it's the South African financial stocks that took the brunt of the impact.
- Nedbank (JSE: NED) is 4% lower this week
- Standard Bank (JSE:SBK) fell 4%
- Barclays Africa (JSE: BGA) also took a 4% knock
- While FirstRand (JSE: FSR) fell ... ››› more
So unless you've been living under a rock for the last week you'll have noticed that the UK scored a massive own goal by voting to leave the European Union last Friday.
What a mess!
All those South African's now “safely” living in the UK and no doubt looking down their snooty noses at our own Nene-gate scandal (and the subsequent rand devaluation) are now facing the same sort of curren... ››› more
On 23 June 2016, I remember reading a Moneyweb article stating the “JSE, Rand shrug off Brexit fears”.
Another well-known market commentator said that “I think it is going to be a non-event, quite honestly, but if it so happens that they vote to leave, the markets are in for a massive shock. I think the markets are going to scramble.”
I even read a tweet from a trader stating that ... ››› more
When I heard the results of the Brexit vote last Friday, I was watching TV, clutching a cup of coffee and snuggling under a blanket with my sons in the diamond city, Kimberley.
As soon as the news bulletin ended, my phone started to buzz uncontrollably.
First, a message from my brother asking, “Did you see the Brexit result?” I ignored it. Then, a message from a colleague, “How could... ››› more
This week, the South African Rand is at its highest level in seven weeks. It's clawing back against the dollar trading at around R14.74.
I don't know about you but I certainly didn't expect the rand to gain so much ground. I must admit that I had severely negative outlook for the rand this month.
With the political unrest in Tshwane and a new wave of violent strikes in the country, I expect... ››› more
If you thought politics and economics in South Africa is exciting, then you've been missing out on what happening in Europe right now.
The United Kingdom is about to make a drastic decision that could have an impact on the global economic system. On Thursday, the UK will have a referendum on the 'Brexit' - to decide if the UK stays or leaves the European Union.
Last week, a poll for the E... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.