Bitcoin Price

 

Are things ‘back on the bus’

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It’s all aboard the Trumplomacy bus, as President Trump offered China an olive branch yesterday, renewing hope that a ‘trade ‘war’ could be avoided.

The news momentarily helped emerging market gains, before violence in the Middle East put the rand on the back foot. Back home, Minister Gordhan continued his purge of corrupt state owned entity officials, firing the remaining Transnet board members. Yesterday also spelled the end of the nationwide bus strike, hopefully some relief for our roads!

Today’s Rate

USD/ZAR 12.4207
GBP/ZAR 16.797
EUR/ZAR 14.808
ZAR/JPY 8.862
CNY/ZAR 1.9514
AUD/ZAR 9.1668
CHF/ZAR 12.3654
AED/ZAR 3.3716
SGD/ZAR 9.2571
NOK/ZAR 1.551
EUR/USD 1.1924
GBP/USD 1.3525
GBP/EUR 1.1342

All rates quoted are the interbank rates at time of publishing and shown for indic
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The rand strengthened overnight

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The rand strengthened overnight as the dollar weakened amidst peace talks between the North and South Korean leaders.

Risk-on sentiment prevailed as a nuclear-free Korean Peninsula looks likely in the near future (no doubt president Trump will take credit for this). The market now shifts attention to the US Feds hiking plans and the China VS US “trade war”. The Feds interest rate decision is released Wednesday with no hike expected in May, but hints to a June hike will be what the market will be looking out for.

Other data to keep an eye on this week; SA Trade balance today (14h00), EU GDP and unemployment (Wednesday), US Trade balance and EU inflation (Thursday), and US jobs numbers (Friday). Have a great day and please note our office will be closed tomorrow as we celebrate the well-deserved, Workers Day Public holiday!

Today’s Rate

USD/ZAR 12.4179
GBP/ZAR 17.0517
EUR/ZAR 15.0287
ZA
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Spike in “Black gold” rally stirs inflation fears.

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The recent spike in oil prices could fuel global inflationary pressures, which has bolstered the USD to a 2 week high.

Rising US bond yields and easing concerns over geopolitical risks has also positively weighed on the greenback as it open’s the day above 12.1/USD. Progress in US-China trade negotiations & North Korea to suspend its nuclear ambitions to focus on economic growth and peace, have somewhat eased global markets.

It’s a jam packed week ahead with US GDP figures; ECB monetary policy meeting; local consumer confidence and March inflation figures the highlights. Have a fantastic week folks…

Today’s Rate

USD/ZAR 12.1924
GBP/ZAR 17.077
EUR/ZAR 14.9663
ZAR/JPY 8.842
CNY/ZAR 1.93715
AUD/ZAR 9.3347
CHF/ZAR 12.5011
AED/ZAR 3.3049
SGD/ZAR 9.2806
NOK/ZAR 1.5528
EUR/USD 1.227
GBP/USD 1.3997
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Z-Day has arrived for Rand!

The countdown has begun as Zuma’s days as President appear to be numbered with the ANC NEC meeting later today.

After the long wait and numerous speculation “Patience” is still key. USD/ZAR opens below 12/$ as EM Markets remain strong regardless of the volatility in global stock markets.

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Bitcoin is Investopedia’s Term of the Year: Surge in Demand

Bitcoin, the most valuable cryptocurrency and decentralized store of value with a $270 bln market cap, has been named Investopedia’s 2017 Term of the Year. Bitcoin, the most valuable cryptocurrency and decentralized store of value with a $270 bln market cap, has been named Investopedia’s 2017 Term of the Year. Most popular keyword Based on..
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2018 Prediction: TenX Co-Founder Sees More Shocking Highs And Lows For Bitcoin

Cryptocurrency Entrepreneur and TenX Co-founder, Dr. Julian Hosp, anticipates extreme highs and lows for Bitcoin in the coming year, and eventual market consolidation. The final two months of 2017 have proved that Bitcoin is synonymous with volatility, although the top cryptocurrency’s resilience has also shown through. An eight-week bull run culminated in a $20,000 high..
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Charles Schwab Chief Strategist: Bitcoin’s Bubble Is ‘Something Different’

Charles Schwab’s Chief Strategist, Jeffrey Kleintop, thinks Bitcoin stands out from traditional financial bubbles. Then asked if he thought Bitcoin was in fact a bubble, Chief Strategist of investment giant Charles Schwab, Jeffrey Kleintop, focused on Bitcoin’s uniqueness in the global economy. In an interview with Business Insider today, Kleintop said Bitcoin was “kind of..
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Price Analysis, Dec. 26: Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, Dash

Bitcoin and altcoins are gaining their positions, see what trading moves might be a good idea right now. The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision…
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