Daily Updates:

S&P500 CRACKS $4000

The S&P has managed to eventually surpass the $4000 level amidst impressive economic data being released. The Dow Jones has also seen bullish momentum bringing it ever closer to that $34,000 psychological level with building risk appetite playing a factor. Should economic data continue to impress, this could be enough of a catalyst to triggerContinue reading “S&P500 CRACKS $4000”

Market Outlook 29/03/2021

The past two months in the equities market has shown a clear divergence between the tech-heavy NASDAQ and the blue chip Dow Jones. We’ve seen pandemic winners such as information technology being swapped out for cyclical names such as energy, material and the financial sector. Since the beginning of February 2021, the Dow Jones hasContinue reading “Market Outlook 29/03/2021”

Death Of The Dollar?

Since our last article on the Dollar, we have seen the bullish push into the weekly level of 92.50, with Bulls still eyeing the 93.00 handle as the next upside target. Optimism around declining cases, reopening of the economy, vaccination rollouts & the anticipation of rate hikes have seen Bulls take hold in the firstContinue reading “Death Of The Dollar?”

The Rand Recovery

The Rand has maintained a certain degree of strength against the dollar amidst a week of various fundamentals resulting in the Rand managing to end the week positive.   On Wednesday, SA Retail Sales data came in worse than expected at -3.5% versus the forecasted -2.7% resulting in the Rand weakening against the Greenback. Wednesday alsoContinue reading “The Rand Recovery”

XAUUSD – Time to Shine?

Yesterday was a massive day in the markets as we saw the FOMC statement & economic projections from the Federal Reserve. Rates were left unchanged with quantitative easing also being left unchanged at $120bln . The Fed’s stance remains accommodative and there has been further reiteration that we will have future guidance well in advanceContinue reading “XAUUSD – Time to Shine?”

Trading Psychology

Simply put, trading psychology is the mental state of traders when making decisions in the market. Traders can be divided into three groups: buyers, sellers, and undecided. Buyers want to pay as little as possible, and sellers want to charge as much as possible. An essential part of becoming a successful trader is understanding andContinue reading “Trading Psychology”

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