RG Investments

30/11/2020

22/06/2018

Latest Technical Analysis:

22/06/2018

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03/01/2018

ARE YOU READY...!!!

for the crucial non-farm payroll (NFP) report on the 5th of January 2018? This is a great trading opportunity.

The non-farm payroll (NFP) report is a key economic indicator for the United States. This report causes major movements on the Forex market. This month's NFP release is expected to show an additional 192K jobs to the U.S economy. Last month was 190K. An NFP number above 220k should result in a major move higher in the dollar and the US stock markets. A weaker number of below 160k should have the opposite effect and push these markets down substantially.

All the best with your trading, and we glad to be back at work this new year :)

18/12/2017

Trading News this week?

01/08/2017

Breaking news: An article by the Daily Maverick has released a series of letters of support, implicating a number of CEOs who supported the South African Apartheid government. Among these companies is Shoprite, PG Glass and Barlow now know as Barloworld. This story has a potential to make the stock prices of these companies bearish. Traders must exercise caution before trading this news, wait for technical confirmation.

26/05/2017

Business day Market Update (26/05/17): JSE weakens in cautious trade ahead of ANC NEC meeting.

The JSE was slightly weaker at midday on Friday in cautious trade ahead of the ANC’s national executive committee (NEC) meeting at the weekend and the pending credit rating opinion of ratings agency Moody’s.

The ANC NEC is expected to discuss the removal of President Jacob Zuma at the meeting.

Nedbank analysts said although some market participants expected news regarding the president, "history would suggest that this scenario [the president’s removal] was highly unlikely, and the possibility of a Moody’s announcement has the markets slightly cautious this morning".

The Dow Jones industrial average closed 0.34% higher on Thursday, while Asian markets ended mixed on Friday The Shanghai Composite and the Hang Seng were flat, while the Nikkei 225 lost 0.64%.

At noon the all share was down 0.24% to 53,899.1 points the blue-chip top 40 0.26%.

The gold index gained 1.09%, while banks shed 1.24% and resources 0.38%. Food and drug retailers gained 1.01% while general retailers were down 0.45%.

European markets were mostly lower with the CAC 40 down 0.65% and the DAX 30 0.37%, while the FTSE 100 gained 0.12%.

Petrochemical company Sasol lost 1.28% to R392.90.

Among coal and iron ore producers, Exxaro lost 4.64% to R101.51, African Rainbow Minerals 2.08% to R83.03, Kumba Iron Ore 1.75% to R157.08, while ArcelorMittal gained 0.9% to R7.89.

Spirits and wine company Distell gained 1.41% to R142.99.

Industrial group Bidvest gained 1.07% to R168.79 while Imperial Holdings shed 1.06% to R166.71.

Major gold miners were mostly higher with the spot price of the metal up 0.82% to $1,265.81/oz. Harmony Gold gained 3.83% to R28.45, Anglogold Ashanti 1.84% to R150.55, while Sibanye lost 1.17% to R17.81.

Impala Platinum relinquished 0.51% to R37.69. The platinum producer’s share price plummeted more than 12% on Thursday after it said it would raise close to $400m in a convertible bond. This would replace a similar bond due in February 2017, rather than adding billions of rand of debt to the company’s balance sheet.

31/03/2017

Breaking news update: After the South African President Mr Jacob Zuma's media release of a cabinet reshuffle. A reshuffle that also included the removal of the Finance Minister Parvin Gordhan, the Rand has lost about 1.6% points, now trading at R13.11640 from R12.8404 before major movements. The Rand state is expected to get worse due to the political uncertainty and new possibilities of a Moody's downgrade, however in the long run, we might see the rand bounce back and stabilise again. This Currency pair is however very volatile and traders should exercise caution when trading it. Make sure your stop losses are in place.

02/03/2017

RG-02/03. Watchlist Signals.Have a good Trading day.

18/01/2017

We are expecting movement on the USD during the rest of the week as Donald Trump becomes president of the United States along side his team.The US dollar sold-off aggressively in the US session amid the US President-elect Donald Trump told the Wall Street Journal that the dollar was too strong against the Yuan. The dollar plunged below 6.85 against the Renminbi, before consolidating between 6.8489 and 6.8662 in Hong Kong.

The S&P500 and the Dow Jones closed the day 0.30% lower in New York. The US retailers rallied on Donald Trump’s hesitation regarding his cross border tax plan, yet the big US banks plunged by the most in seven months on rising speculations that the tax breaks would not happen as previously thought. Morgan Stanley lost 3.79%, JPMorgan Chase & Co wrote-off 3.63%, as Goldman Sachs slid 3.50%. We continue watching the US banks today. Goldman Sachs and Citigroup are due to announce earnings before the US open.

Citigroup strategists warned that the S&P500 could be ‘at risk of unwinding the post-election rally and moving back to $2’200’. The S&P500 closed at $2267.89 on Tuesday.

The broad based USD headwinds sent the AUDUSD straight into the mid-term bullish consolidation zone. The AUDUSD surpassed the critical 0.7510 (major 61.8% retracement on Nov 7th to Dec 22nd decline) and traded at 0.7567. The pair eased 0.28% in Sydney, on a wide-ranging USD recovery overnight. From a technical perspective, the positive breakout could encourage a further rise to 0.7630 (minor 76.4% retrace) before 0.7800 level. First line of support is eyed at 0.7503, the 200-day moving average.

The greenback pared losses against all of its G10 counterparts. The pound (-0.62%) slid the most against the dollar, while the EURUSD (-0.26%) tested the critical mid-term resistance at 1.0707 (major 38.2% retracement on post-Trump USD rally). The euro bears and bulls are currently fighting to gain the 1.07 level. Clearing 1.0707/1.0715 resistances could encourage a further rise toward 1.0788/1.0820 (100-day moving average / Fibonacci 50% level), while a failure to break above should embolden a retreat to 1.0567/1.0560 (minor 23.6% retrace / 50-day moving average). Decent 1.0700 and 1.0750 options will be expired today and could give a hand to either buyers or sellers.

Gold traded higher in New York, just shy of an important mid-term level of $1219 (major 38.2% retracement on Jul-Dec decline). Trend and momentum indictors remain comfortably positive for a further rise toward $1240 and even to $1270 (100 and 200-day moving averages respectively). Support is building above $1200 level. Decent $1200 Call expiry should be supportive of the bulls.

The GBPUSD rose to 1.2416 after the UK PM Theresa May said that there will be a final parliamentary vote to give lawmakers a chance to voice their opinion on the UK’s exit from the EU’s single market. Although she pledged to quit the single market, hopes that May’s Brexit proposal would be solid, if not could be rejected by the Parliament wet the pound traders’ appetite. However, the hard Brexit talks will stay on the UK’s headlines and continue pressuring its currency downwards. Nevertheless, the GBPUSD could take a breather until a new wave of news hit the wires.

The FTSE 100 closed yesterday’s session 1.46% lower at 7220.38p on surging pound. The UK’s rolling index eased further to 7212p in early Asian trading, before recovering to 7240p. Meanwhile, the FTSE futures (+0.22%) firmed hinting at a stronger open in London.

On today’s agenda

The Bank of Canada (BoC) is due to announce its monetary policy decision later today and is expected to maintain the overnight rate unchanged at 0.50%.

The Eurozone and the US inflation data will be the major data highlights of this Wednesday. The Eurozone’s final inflation figures should be no surprise, yet a faster US inflation could revive the Federal Reserve (Fed) hawks and encourage a further US dollar correction across the board.

Fed Chair Janet Yellen will speak at the Commonwealth Club in San Francisco about ‘The Goals of Monetary Policy and How We Pursue Them’. We do not expect to hear any new, unpriced insight vis-à-vis the Fed’s Policy.

20/12/2016

Reuters market review:
** The dollar climbed back towards a 14-year high Toady as the yen fell after the Bank of Japan held policy steady and fallout from attacks in Germany and Turkey subdued the euro.

European shares were steady, with unease over the attacks balanced by gains by bank shares and the Milan market .FTMIB after Italy's government said it wanted approval for up to 20 billion euros to rescue troubled lenders.

On currency markets, risk aversion sent the safe-haven Swiss franc to a near a six-month high versus the euro EURCHF= and pushed the common currency firmly back below $1.04. EUR=

But the dollar .DXY and rising bond yields US10YT=RR again dominated, after the head of the Federal Reserve flagged the strength of the U.S. jobs market in a speech to students on Monday.

That sent the greenback bouncing towards last week's 14-year high and it was at 103.40 on the index that measures it against other leading currencies, just short of its recent peak of 103.56. [/FRX]

**The gains were strongest against the yen which slid around 1 percent after the Bank of Japan, shrugging off the yen's recent slump, said it would keep monetary policy loose.

"The biggest impact you see from the attacks in Berlin and Istanbul is the Swiss franc/euro," said Societe Generale FX strategist Alvin Tan.

"But apart from that the dollar continues to be strong after we had some rather positive comments from Janet Yellen,"

Benchmark 10-year U.S government bond yields, which set the bar for global borrowing costs and have been rising hand-in-hand with the dollar over the last few months, were back above 2.58 percent. [US/]

The greenback has risen 12 percent versus the yen since Donald Trump's surprise presidential election victory, on his promises of increased fiscal stimulus. The win was made official on Monday after he got the required Electoral College votes.

Safe haven gold XAU, which rose 0.4 percent on Monday, pulled back 0.3 percent to $1,135.06 an ounce, as the prospect of further U.S. rate hikes outweighed political concerns.