Q. ”This year I joined Timon's trader service. I must say I'm loving the simplicity of the emails and the high number of profits so far. In one of the recent emails, it said that you had banked a certain percentage on a trade. Please clarify a formula to calculate the gain and loss percentage in a trade?”
A. Thank you for the question Happiness and glad to have you on board.
Le... ››› more
The rand has weakened yet again, taking it to sit just off R13 to the greenback. Any move weaker will see it breach the key level.
So what's behind this latest depreciation in the rand?
Let's take a closer look…
The rand bounced then fell again
The rand came under pressure this morning following signs of strength in the currency last night.
Last night, minutes from the latest ... ››› more
This year has been a tough one on the local currency. Recently the rand has managed to scrape back some of its losses. But last week saw the beginning of another crippling strike. Since then the rand has lost a lot of ground and it doesn't look like the situation is going to improve soon. Let's take a closer look at what's going on with the local currency…
Investors are concerned over relentl... ››› more
After remaining steady over Thursday night, the strike at Anglo American Platinum (Amplats) helped push the rand down. The rand traded to two week lows against the dollar. Let's take a closer look at what's going on with the rand…
Today, the rand “retreated 1%,” reports Fin24. This saw the rand trade at a “two week low against the dollar”. The strike that started today at Amplats “we... ››› more
The rand is so sensitive to many issues affecting the South African economy. Since the Federal Reserve announced that it may start to step down its stimulus package in the near future, volatility has increased. After touching a two week low this morning, the rand rallied nicely to gain against the dollar. Here's what happened to the rand…
This morning kicked off with the rand touching a two we... ››› more
When the rand declines, does it really affect you?
It's easy to think it has nothing to do with you, but in reality it has everything to do with your wallet.
For every 1 percentage-point drop in the rand, the cost of petrol goes up by as much as 10c per litre. So if the rand goes to R10/$ you could be paying as much as R1.16 more per litre of fuel, every time you fill... ››› more
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