Relatively large moves Monday (up) and Tuesday (down) were followed by the small volatility the rest of the week that has marked almost all of 2017. The NASDAQ jumped 1.4% Monday, the largest gain since Nov 7th as the relatively moderate selling the prior week was offset. “Tech got beat up unfavorably over the past..
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Weekly Market Recap Jun 25, 2017
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Weekly Market Recap Jun 18, 2017
A week ago Friday the NASDAQ put in an “outside reversal” day – this is approximately a day where the trading range exceeds both the prior day’s intraday high and intraday low, and then a close below the prior day’s intraday low. See our NASDAQ chart from a week ago below: This is often a..
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The Rand is trading on a low note again.
Top 10 Rates for Apr 06, 2017 as at 11:07 UTC South African Rand 1.00 ZAR inv. 1.00 ZAR US Dollar 0.072702 13.754693 Euro 0.068158 14.671764 British Pound 0.058356 17.136303 Indian Rupee 4.697814 0.212865 Australian Dollar 0.096166 10.398729 Canadian Dollar 0.097615 10.244324 Singapore Dollar 0.101864 9.816993 Swiss Franc 0.072943 13.709416 Malaysian Ringgit 0.322544 3.100348 Japanese..
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Rand steady, gold flying
The rand took the day off yesterday with little movement seen over the local public holiday.Gold has been the big winner since the dollar weakened and sits at a 3-week high, as investors continue to sell equities and look to invest in less risky assets. Local Q4 current account figures are out later today and..
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Gold Market Update – 9th Mar
LONG TERM TREND BEARISHINTERMEDIATE TERM TREND BEARISHSHORT TERM TREND BEARISHVERY SHORT TERM TREND BEARISH Gold ran into solid resistance at the 200 day MA at 1263 last week and has spent the past 9 trading sessions selling off steadily, following some strong economic data and a rising likelihood, now near certain, of a US rate..
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The euro lost ground against the dollar
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The euro lost ground against the dollar yesterday after polls suggested that the ‘right’ and ‘left’ camps will fight it out for the French Presidency in April. The weaker euro, coupled with concerns surrounding former Eskom CEO Brian Molefe’s move to Parliament (next stop Treasury?), Forex helped keep the local unit on the back foot…
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Gold Market Update – 14th Feb 2017
LONG TERM TREND BEARISHINTERMEDIATE TERM TREND BEARISHSHORT TERM TREND BULLISHVERY SHORT TERM TREND BEARISH Gold broke through the first downtrend channel line at 1215 at the start of the month and rallied as high as the 200 week MA at 1246, before retracing for the past few days, finding support in the critical 1218-1222 zone…
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Gold Market Update – 1st Feb 2017
LONG TERM TREND BEARISHINTERMEDIATE TERM TREND BEARISHSHORT TERM TREND BULLISHVERY SHORT TERM TREND BULLISH Gold found support last week at 1180 and has..
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Gold Market Update – 26 January 2017
LONG TERM TREND BEARISHINTERMEDIATE TERM TREND BEARISHSHORT TERM TREND NEUTRAL/BULLISHVERY SHORT TERM TREND BEARISH After plunging over $200 following the election of President Trump (yes that’s a real thing!), gold has rebounded powerfully in 2017 in a very similar way to January..
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Cape Tours
CITY OF CAPE TOWN [HALF DAY] Let me show you this oldest city of South Africa at its most exciting. Discover its many peoples, their traditions and cultures. The origins of this beautiful place will unfold to you. As you explore with me in this short tour I will try to show you such places..
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