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…. 

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.