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. 

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.

It has finally arrived.  Not exactly the last working week for the year but definitely the last week for my forex report.  Hopefully, we see some movement in the Rand over the next five days as last week we were stuck in a narrow trading range which made reporting on events rather dull.   

French Prime Minister Michel Barnier has been ousted by a vote of no-confidence.  The life-long politician will probably not attend the government’s Christmas party but that shouldn’t detract from the festivities as by his own admission he “is not a fun guy”, and he has little time for the “bluster” of his younger colleagues.