Last week we initiated a long USD/ZAR trade as we believed the market was pricing in too many positives.
After the sobering news from the medium-term budget speech, it promptly lost over 60 cents.
Traders who used futures would have made over 30% as our initial profit target was reached in just over a day.
The Rand is strengthening on the back of Moody's just reducing the outlook from s... ››› more
Imagine how much more successful you'd be if you had five chances to kick a penalty…
Five chances to sink a putt…
Five chances to nail that perfect landing…
Well that is exactly what my October Structured Product pick offers you: Five chances to make mega-profit.
And, best of all, you can customise this investment to suit your specific needs by choosing to invest in either Ra... ››› more
The JSE is down 3.95% for the past three months, 5.13% in the past six and we're only up 8% over the past three years.
With politics the way they are and the performance of the South African economy many investors are asking whether they should bail on SA listed stocks for good.
I'll give you my take on the situation now, let's first have a look at the facts:
SA’s economy is already... ››› more
The rand has only just broken back below the key R14/$ level and I can tell from the client flows going through our treasury desk, many South Africans are once again keen to get money out of the country.
The USD/ZAR exchange rate was well over R15/$ just a few weeks ago.
This means, the rand has firmed up around +7.75% in the last month-and-a-half. Put another way, that's about a year's wo... ››› more
The Rand has staged a stellar rally. Strengthening from above R15 against the USD to below R13.90. It came within half a cent of our R13.8550 target against the USD but the price is consolidating. It's time to bank our profits after a 6.24% gain, with gearing your gain could have been more than ten times larger.
Trading the other way and going long the USD against the ZAR has good risk to rewa... ››› 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
JSE up 3,3%
Last week the JSE recovered from an oversold position to close the week with a gain of 3,3%. Financials gained 4,8% and Industrials were up 3,7%. Resources managed a gain of 1,5%.
DAX up 6,6%, CAC up 5.2%.
European markets breathed a sigh of relief as the Italian referendum failed, the Dax gained 6,6% and the CAC 5,2%. Italy was up 7,3% and Spain put in 6,5%
US Markets... ››› more
Dear MoneyMorning reader,
US Stock up 3%, Emerging Markets down 4,5%
US Stocks recovered from sharply lower levels after a reconciliatory speech from President elect Donald Trump which eased market fears; Energy and Industrials were the leaders based on his plans for infrastructural development.
Emerging Markets have been left out in the cold as investors evaluate the impact of a Trump p... ››› more
Remember to fill your tank on your way home from work tonight. Due to the weakening and the price increase of petroleum related products on international markets, the price of petrol is increasing at midnight tonight.
The petrol proce will increase by 52 cents a litre and the diesel price will rise by 76 cents tomorrow. As long the rand continues to weaken against the dollar, you can expect th... ››› more
Since the South African reserve bank decided not to increase interest rates again, you have a brief moment of relief to make sure that you get your financial house in order before the next rate hike. Now is the time to be more frugal with your money. It's not the time to make more debt or increase your spending.
The challenges for consumers in 2016 are far from over. No one know if the reserve... ››› more
The past few weeks have been harrowing for the rand.
It's been taking a severe beating from the dollar in the past two weeks.
Worst of all, rumours about the arrest of Pravin Gordhan has certainly not been helping matters at all. But, finally, it seems to have found a moment of stability. How long this will last, I don't know.
But let's take a closer look...
The rand is battered by t... ››› more
With the rand doing tumbles in the markets right now, you need a way to expose your money to international markets.
You see, by earning money in pounds or dollars, you're protecting yourself from the weaker rand here at home. In fact, you're increasing your investment returns. ETFs are a great way to get exposure offshore with limited risk and capital outlay. Today we've found you the ideal of... ››› more
Yesterday I warned investors that the rand will lose strength against the dollar because of the rumours that the Hawks want to arrest Pravin Gordhan for his involvement in the establishment of the SARS rogue unit while he was the tax agency's commissioner. As I expected, that's exactly what happened. But now, where to from here? Is it time for South African investors to be really worried? And wha... ››› more
This morning, the rand is trading at R15.51 to the dollar. In 11 days it's lost 54 cents against the greenback. This is only the beginning of the rand's fall.
If you think this is bad, keep an eye on the rand this week. I expect to see a significant weakening against the dollar thanks to new rumours in the media related to the arrest of our finance minister, Pravin Gordhan. “Pravin Gordhan fa... ››› more
Chris Hart, regular contributor to the South African Investor predicts that the rand will hit R60 to the dollar by 2019. He also believes that credit ratings agencies will soon declare South Africa's junk status before the end of this year. This is bad news for South African Investors. But just how worried should you be? And is there anything you can do to hedge your investments against this event... ››› more
There's no disputing that the rand is under severe pressure. The currency is feeling the strain yet again as the dollar continues on its path stronger.
The dollar is gaining on the prospect of an interest rate hike next month.
Let's take a closer look at what's going on…
The rand continues its slide against the dollar
The latest data out of the US gives more reason for the... ››› more
The rand has yet again struggled to hold under R14 to the dollar. The currency is under pressure as the market expects the US Federal Reserve to hike interest rates next month.
After the South African Reserve Bank raised interest rates last week, the local currency experienced a sharp rally, but most of these gains have disappeared.
Let's take a closer look at what's going on…
The ra... ››› more
The rand staged a bit of a rally last week, but it's given back its gains.
Emerging market currencies, including the rand, are under pressure once again as the market focuses on whether the US will hike interest rates or not next month.
Let's take a closer look at what's going on…
The rand’s gains are cut short
The new week brought an end to the rand’s “five day winn... ››› more
After weakening to a new low against the dollar yesterday, this morning the rand picked up slightly.
But the local currency is waiting for the release of inflation data from the US later today. This could give further clues as to whether the US Federal Reserve will hike rates next month.
Let's take a closer look at what's going on…
Traders are focusing on what’s going to happen wi... ››› more
This week hasn't been good for the South African rand. The currency is struggling against a weak dollar as speculation grows that the US Federal Reserve will finally hike rates next month.
Yesterday, the rand slid to its weakest level ever against the dollar. Yet in spite of the rand showing some signs of strength today, it doesn't look good for the currency.
Let's take a closer look at what... ››› more
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