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.