13 November 2024 Good morning As the Trump Trade rolls on the Rand is finding life rather difficult but today will see the market turn at least some of its attention back to economic indicators.  The only problem is that today’s data has the potential to make things even worse […]

Finally some good news out of the Middle East where the US and France have brokered a ceasefire between Israel and Hezbollah with the fighting having stopped in the early hours of this morning. The region remains extremely tense, but this is a big step in the right direction.

Finally some good news out of the Middle East where the US and France have brokered a ceasefire between Israel and Hezbollah with the fighting having stopped in the early hours of this morning. The region remains extremely tense, but this is a big step in the right direction.

With all the focus on US monetary policy and what that means for the Dollar, yesterday was a timely reminder that support for the Rand can also come from the East. The good news is that we could see even more support later in the week.

Google shares jumped 6% yesterday, adding $136bn in market cap to the tech giant as they announced a breakthrough in their quantum computing chips. Interestingly, however, their new “Willow” chip is only step 2 on a 6-step program to harness the powers of quantum computing, and as things stand, it has no practical use or monetisation opportunity. 

It has arrived, my final forex report for 2024!!!  Here’s wishing you and your loved ones the very best for the festive period and I hope that you enjoy a well-deserved break!!!  See you in mid-January….