It's been an absolute roller coaster for the rand this year.
In January it was trading strongly at R14.50 to the US dollar.
In late April, we thought it was the end of the rand as it traded at R19.00 to the dollar.
And now, it's currently trading at R16.55.
I believe there's been two main causes for the rand's volatility namely.
Cause #1:
South Africa entering into ... ››› more
This week we reveal the second last theme in our 6-part series set to perform in the new economic reality, which will evolve as global economies open and start recovering post Covid 19 lockdowns.
Part 5 - Precious Metals:
Precious metals provide diversification that protects your portfolio in bad times. But can also benefit in the good times. Investing in the physical... ››› more
Investing in the stock market today with 100% downside protection sounds too good to be true.
That's because for every positive headline you read there are 4 negative ones signaling a strong pull back in the weeks and months ahead.
And the recovery, post coronavirus lockdown is expected to be slow.
But investors in the latest “risk-free” structured product need not worry what happe... ››› more
‘Decentralisation' is a word you constantly hear throughout the crypto world. And there's a good reason for this…
It forms the foundation of everything in crypto.
The idea you don't need to rely on a central authority to make things work - be they financial transactions, contracts, proof of ownership, proof of identity… anything - is what crypto is all about.
In traditional finan... ››› more
The Rand has strengthened against the majors over the past few weeks, but it has lost momentum and can't break below a key support level.
We have our third quarter GDP numbers out at 11h30.
With trade war uncertainty that hasn't abated and the VIX (aka the fear gauge) climbing from below 12 to above 14, we should see the Rand weaken against the majors over the next week or two.
When the ... ››› more
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
The Rand has made a strong recovery against the major currency pairs over the past month.
And faces several headwinds this week with the Mid-Term Budget Speech due tomorrow.
There's also the Moody's decision and a slew of important data points from the US, Europe and the UK.
These events have the potential to see the Rand lose 50c or more in the coming weeks against the USD.
Look at t... ››› more
EOH's share price has pulled back and our stop loss at R24 helped us protect 71% of our gains. The share price has pulled back to R20.00 and the company has indicated the forensic inquiry has identified R1.2 billion in suspicious payments.
This is not a massive number and signals that the turn around in EOH will materialize over the coming months as Stephen van Coller delivers on his strategy. ... ››› 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
It's been a fascinating journey over the last few weeks.
You've seen why I enjoy trading these currency pairs the most:
AUD/USD
USD/JPY
GBP/USD
Today, I'm going to reveal my fourth favourite currency pair.
Let's get to it…
Currency Pair #4: The Swiss Franc (USD/CHF)
The USD/CHF is an abbreviation for the U.S dollar against the Swiss Franc. This is the official legal t... ››› more
Do you believe that January 2017 is almost over? It feels like yesterday we were celebrating the New Year to come.
And now, we're about to enter February! You know that feeling when you plan to do something and then you postpone it.
Well sometimes we need that kick in the butt to actually do it.
And that's why I am going to present the first Forex 101 Workshop 2017 early in February to g... ››› more
I was wrong about the rand. I thought it was going to go up to R10 a dollar, but I'm not going to cry about it.
You can see looking at the USD/ZAR (United States Dollar versus the South African Dollar) weekly chart, a large wedge pattern formed from January 2016 up ‘till August 2017.
A wedge pattern is known as a reversal pattern where the price wedges down into a triangle formation. And a... ››› more
So far I've revealed two of my favourite currency pairs and when to trade them.
Today, we're onto the third fantastic currency pair…
Fantastic currency #3: The Great British Pound versus The American Dollar (GBP/USD)
This currency pair is the fourth most traded currency pair in the Forex market.
Before we go into it, let’s first talk about the stock exchange t... ››› more
In the previous article, I told you I was going to reveal my four favourite currency pairs to trade and when to trade them.
Today, I'll reveal the second fantastic currency pair…
Fantastic currency #2: The Japanese Yen (USD/JPY)
This currency pair has to be the most traded currency out of the whole of Asia.
Not only that, but it’s one of the seven most traded cur... ››› more
I need to catch my breath. I'm so amazed at the stupidity I've just read on Twitter.
A new Forex trader bought the Great British pound to the US dollar. And he sent a tweet saying this.
“I just bought the Pound against the dollar and I'm hoping that the Pound goes up now.”
Next, I read a reply from some other trader.
RT: “Don't worry, just think positive thoughts and you'll mak... ››› more
I thought you may be interested in these recent trading questions I received on our www.investorsclub.co.za
Remember, I'm always here to help, when you have a question.
• Do you recommend we adjust our stop losses?
• Who are the best brokers?
• How much money do you need to start with Forex trading?
• Could you verify my analysis of the GBP/USD chart?
Q: Do you recommend we adj... ››› more
Ask any South African. “Where do you think the rand is going next” You'll probably hear answers like I've been hearing, “The rand is going down the drain”, “going to hell, “going to S#^t” But not me! Today I'm going against 99% of what South Africans say, as I expect the rand to go up from here.
Read on to see why…
I haven’t made a wrong prediction yet!
I joined FSPInvest.... ››› more
Last week, President Zuma made an unexpected announcement.
Finance minister Nhlanhla Nene was let off (dare I say fired). And the sad thing is that he has been widely known to do a great job during difficult times. And is probably one of the most qualified person for the job. But as soon as the announcement came out, the rand crashed. It moved from R14.50 to R15.29 to the US dollar in just one h... ››› more
What a bitter-sweet situation we're in.
Jobs are being created in the United States of America and the economy is growing at a good pace. While back in South Africa we have the rand devaluing at record levels which is making it more and more expensive to travel and buy goods.
You can understand why it's a win/lose situation. But it doesn't have to be.
Let me take it a step further.
... ››› more
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