GT247.com Trading Blog

Local bourse weaker as resources buckle

22 May 2019 /

The JSE closed weaker on Wednesday led by moderate losses across most blue-chip stocks. Trade tensions remain the dominant driver of market ...

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JSE closes softer after a muted trading session

21 May 2019 /

The JSE traded mostly flat on Tuesday as it struggled for direction following a mixed trading session in Asia. Other market segments seemed ...

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The Rand(ZAR), Petrol Price & Brent Crude Oil

21 May 2019 /

The election honeymoon period is over, and we are all waiting in anticipation for the new dawn as President Ramaphosa must start to deliver ...

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Stocks plummet as US takes aim at Chinese tech giant

7 May 2019 /

The JSE closed lower for a second consecutive session as blue-chips remained subdued mainly on the back of negative sentiment across most ...

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The Election Report 2019

7 May 2019 /

Elections - The Rand (ZAR) and ALSI International Market overview Markets have been plunged into turmoil once more as President Donald ...

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Global markets tumble as Trump threatens higher tariffs on China

6 May 2019 /

Stocks tumbled worldwide on Monday after Donald Trump threatened to increase tariffs on Chinese imports to the USA over the weekend. ...

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U.S. Non-Farm Payrolls (NFP) release – 3 May 2019

3 May 2019 /

Non-Farm Payrolls are usually reported on the first Friday of the month, whereby the number of additional jobs added from the previous ...

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Financials rally despite the weaker rand

2 May 2019 /

The JSE inched higher on Thursday mainly on the back of gains that were recorded in the financials and industrials indices. Global markets ...

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The Forex Technical Trade Note - 2 May 2019

2 May 2019 /

As we all know Interest rates are a hot topic when it comes to the Forex market and watched closely by market participants across the ...

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Weaker Chinese economic data dampens investor confidence

30 April 2019 /

24 April 2019 /

U.S markets have reached record highs once more on Tuesday as the world awaits the advance U.S GDP data on Friday around 14:30 SAST. The ...

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JSE closes firmer as weaker rand lifts rand hedges

23 April 2019 /

The JSE eked out gains on Tuesday mainly on the back of gains recorded in resources and rand hedges which were buoyed by the weaker rand. ...

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JSE edges higher as resources rebound

18 April 2019 /

The JSE closed firmer on Thursday led by a rebound in resources which slumped in the prior session. Asian markets closed lower as they took ...

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The Commodity Report – 18 April 2019

18 April 2019 /

Commodities, especially the oil market has grabbed the attention of South Africans as a rise in the Oil market might mean a rise in petrol ...

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Markets struggle for direction despite improved Chinese GDP data

17 April 2019 /

Global stocks traded mostly flat on Wednesday despite better than expected Chinese economic data. China’s GDP QoY was recorded at 6.4% ...

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Wall Street Wednesday Technical Trade Note – 17 April 2019

17 April 2019 /

Optimism over the U.S-China trade negotiations coming to an end were abruptly halted as President Trump shifted his sights to the European ...

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Industrials lift the local bourse

16 April 2019 /

3 April 2019 /

The local bourse rallied on Wednesday as global stocks rose on the back of positive Chinese economic data and the resumption of trade talks ...

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Wall Street Wednesday Technical Trade Note – 03 April 2019

3 April 2019 /

Has the U.S-China trade negotiations reached the final hurdle before the long-awaited Trade War can be laid to rest? Well the markets are ...

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JSE closes flat as stocks take a breather after previous session’s rally

2 April 2019 /

The JSE paused on Tuesday as it took a breather along with most global markets following a significant rally in the previous session. ...

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U.S Index Technical Trade Note – 2 April 2019

2 April 2019 /

The markets have been gaining momentum over the last two trading sessions ahead of Jobs Friday and even Bitcoin has joined in as China data ...

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Chinese economic data provides catalyst for stock rally

1 April 2019 /

The JSE advanced on Monday on the back of broad-based gains across most equity markets which were inspired by positive Chinese economic ...

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Mixed trading session for the JSE as SARB keeps rates unchanged

28 March 2019 /

The JSE traded mostly flat on Thursday as market participants awaited the South African Reserve Bank’s interest rate decision which was ...

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South African Interest Rate Decision - 28 March 2019

4 March 2019 /

20 February 2019 /

Morning Market Scoop 20 February 2019 In our morning market scoop: South African Budget Speech later today at 14:00 SAST.

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Stocks weaker as investors exercise caution ahead of trade talks resumption

19 February 2019 /

8 February 2019 /

Morning Market Scoop 8 February 2019 In our morning market scoop: Looking at the latest economic data released by the Bank of England ...

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Global equities retreat as EU issues economic growth warning

7 February 2019 /

5 February 2019 /

1 February 2019 /

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Morning Market Scoop 1 February 2019

1 February 2019 /

Morning Market Scoop 1 February 2019 In our morning market scoop: U.S. Non-Farm Payrolls (NFP)

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JSE relinquishes earlier gains as blue-chips pull back

31 January 2019 /

29 January 2019 /

17 January 2019 /

15 January 2019 /

Looking at the local market today as there might be some opportunities that might unfold over the week. The companies that I have ...

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Morning Market Scoop 15 January 2019

15 January 2019 /

19 December 2018 /

12 December 2018 /

7 December 2018 /

Morning Market Scoop 7 December 2018 In our morning market scoop: Non-Farm Payrolls & the U.S Economy Steinhoff back in the spotlight

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Stocks fall as new risks emerge to US-China trade deal

6 December 2018 /

Global stocks sunk even further on Thursday as trade concerns grew following the arrest of a top executive from Huawei in Canada for ...

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ADP Non-Farm Employment change - Update for U.S Non-Farm Payrolls (NFP)

6 December 2018 /

28 November 2018 /

The local bourse rallied on Wednesday on the back of renewed investor optimism ahead of meetings between China and the USA on trade. Asian ...

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Wall Street Wednesday Technical Trade Note – 28 November 2018

28 November 2018 /

All eyes will be focussed on whether the U.S and China can find a resolution later this week at the G-20 summit in Argentina. The trade ...

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Mark to Market is a thing of the past! Onward!

28 November 2018 /

You wanted us to remove the Mark To Market (M2M/MTM) process that ran every night, and we did exactly that.

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We've added Lots on Currency Pairs!

28 November 2018 /

Instead of rand/dollars per point on currency pairs, we have introduced lots on all currency pairs. This means that you can now trade micro ...

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Morning Market Scoop 28 November 2018

28 November 2018 /

Morning Market Scoop 28 November 2018 In our morning market scoop: BREXIT vote Parliament showdown President Cyril Ramaphosa has signed the ...

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GT247 launches into Crypto-sphere

28 November 2018 /

The GT247 team was pleased to roll out five Crypto Currencies in 2018 as overwhelming customer demand gave us a compelling reason to launch ...

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Money never sleeps! We've extended our trading hours...

28 November 2018 /

You wanted more time to trade, so we made the trading day longer. Well we didn’t really make the trading day longer, we just extended our ...

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Netting and Hedging - You've got it!

28 November 2018 /

You wanted the ability to choose which accounting system your trading account functioned on, so we gave you the choice.

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Robot-Expert-Advisor-Blog-Header-Metatrader-5

MetaTrader5 Compatibility changes

28 November 2018 /

One of the main drivers of these changes were that most of our clients use “Signals” that are widely available through our MT5 trading ...

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JSE down in relatively mixed session

27 November 2018 /

The JSE retreated on Tuesday as global markets traded relatively mixed as they try to gauge the possible outcomes from Brexit and trade ...

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Morning Market Scoop 27 November 2018

27 November 2018 /

Morning Market Scoop 27 November 2018 In our morning market scoop: Ratings agency S&P leave South Africa's sovereign credit rating ...

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Monday Morning Wake up Call 26 November 2018

26 November 2018 /

YOUR MONDAY WAKE UP CALL What to look forward to this week The SARB raised the repo rate by 25 basis points to 6.75% on Thursday last ...

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JSE closes weaker as European growth concerns resurface

23 November 2018 /

The JSE fell on Friday as cautious trading ensued due to the thanksgiving holiday in the USA. Trading volumes across most equity markets ...

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Cryptocurrency news flash – 23 November 2018

23 November 2018 /

Cryptocurrencies and especially Bitcoin have made the headlines once more as crypto assets have been sold off at an alarming rate over the ...

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The Forex Report – FX Friday – 23 November

23 November 2018 /

Yesterday was a very eventful day as the South African Reserve Bank (SARB)’s monetary policy committee announced a 25-basis point increase ...

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Morning Market Scoop 23 November 2018

23 November 2018 /

In our morning market scoop: “Fun Friday”, Black Friday it is here. “Fun Monday”, you mean Cyber Monday?

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Flat trading session for the JSE as central bank raises rates

22 November 2018 /

The JSE closed weaker on Thursday after a relatively flat trading session as the local market anticipated the interest rate decision from ...

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South African Interest Rate Decision - 22 November 2018

22 November 2018 /

15 November 2018 /

Global stocks including the JSE traded relatively mixed on Thursday as the British Prime Minister tried to save the draft Brexit deal.

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5 Mistakes of the beginner trader

15 November 2018 /

New to trading? look out for these classic mistakes. In the beginning many new traders believe that there is nothing to trading and that ...

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Morning Market Scoop 15 November 2018

15 November 2018 /

Morning Market Scoop 15 November 2018 In our morning market scoop: MTN Makes Progress With Nigeria on $10.1 Billion Talks Macy's Earnings: ...

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Firstrand-share-price-fundamental-analysis

FirstRand: "Perfection pricing", MN Ingham, 14 November 2018

15 November 2018 /

I have consistently maintained FirstRand as preferred exposure in this sector and that the bank warrants a premium in the banking sector. ...

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JSE weaker as Tencent releases its 3rd quarter earnings

14 November 2018 /

The JSE closed softer on Wednesday following a session where the index was trading mostly in the red. The All-Share index was set for some ...

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Wall Street Wednesday Technical Trade Note – 14 November 2018

14 November 2018 /

9 November 2018 /

In our morning market scoop:

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JSE weakens ahead of U.S interest rate decision

8 November 2018 /

5 November 2018 /

The JSE edged higher on Monday as it brushed off earlier market jitters from Asia. Asian markets buckled as concerns over trade wars and ...

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The Commodity Report – 5 November

5 November 2018 /

The sanctions imposed by the U.S on Iran are taking effect as of today and possibly bringing with it the biggest supply disruption we have ...

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BHP Billiton, "Forward earnings materially higher at current spot commodity prices", 5 November 2018, MN Ingham

5 November 2018 /

In trading strategies, it is important to factor in that future earnings could be materially higher than is being assumed by sell-side ...

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How to use fundamentals to trade profitably - FREE webinar

5 November 2018 /

Our man on the trading desk Musa Makoni will be discussing how traders use fundamental analysis to make trade decisions in their ...

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Monday Morning Wake up Call 5 November 2018

5 November 2018 /

What to look forward to this week: Investors found some reprieve last week as global markets rebounded on the back of good US corporate ...

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Markets surge as trade war concerns thaw

2 November 2018 /

The local bourse concluded a week of recovery as it closed firmer on Friday. Global equity markets were buoyant on the possibility of the ...

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Morning Market Scoop 2 November 2018

2 November 2018 /

Barry Beef On The Morning Market Scoop In our morning market scoop: The Non-Farm Payrolls number will be released today around 14:30 SAST. ...

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JSE firmer as global investor confidence improves

1 November 2018 /

The JSE closed firmer on Thursday led by gains mainly from the industrials sector. Sentiment has continued to improve in the Asian markets ...

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Imperial: AGM update, MN Ingham, 30 October 2018

1 November 2018 /

Industrial Transportation Imperial AGM update Share price:R160 Net shares in issue: 200 million Market cap: ...

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ADP Non-Farm Employment change - Update for U.S Non-Farm Payrolls (NFP)

1 November 2018 /

The U.S. ADP Non-farm Employment Change is a very good predictor of the Non-Farm Payrolls report as the ADP Non-farm Employment Change ...

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Morning Market Scoop 1 November 2018

1 November 2018 /

Whats The Beef This Morning Barry? Keeping it local today with, the Petrol price and the SABC Possible petrol price decrease....Is there ...

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Stocks close firmer to mark the end of red October

31 October 2018 /

The Chinese mainland equity benchmark rose despite a decline in the Non-Manufacturing and Manufacturing PMI numbers recorded in the numbers ...

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Wall Street Wednesday Technical Trade Note - 31 October 2018

31 October 2018 /

Wall Street Wednesday Technical Trade Note – 31 October 2018 With our outlook of the 17th playing out nicely we might see some relief ...

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Morning Market Scoop 31 October 2018

31 October 2018 /

In our morning market scoop:

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Volatility remains the only constant in choppy markets

30 October 2018 /

26 October 2018 /

Shiny Metal, Black Gold... Easy Squeezy! US Tariff relief on SA Metals Oil, Iraq’s new oil minister and OPEC South Africa Start up Awards ...

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JSE rises as markets stage rebound

25 October 2018 /

15 October 2018 /

The rally recorded in global stocks on Friday was short-lived as they resumed their downtrend on Monday. The downtrend was led Asian ...

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Monday Morning Wake up Call 15 October 2018

15 October 2018 /

3 October 2018 /

Not much has changed in the cryptocurrency world since my last newsflash note, except that the latest craze in this space is a thing called ...

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JSE closes weaker after a flat start

3 October 2018 /

28 September 2018 /

26 September 2018 /

Mining Merafe “Ferrochrome remains buoyant” Share price:163 cents Net shares in issue: 2,51 billion Market ...

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U.S Federal Reserve (FED) interest rate decision & impact on South Africa 26 September 2018

26 September 2018 /

11 September 2018 /

7 September 2018 /

U.S. Non-Farm Payrolls (NFP) release Friday 7 September Non-Farm Payrolls are usually reported on the first Friday of the month, whereby ...

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Retailers and financials get a lift from the firmer rand

6 September 2018 /

5 September 2018 /

Yesterday the local GDP numbers were released and they technically put the country in a recession. This is the first time the country has ...

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JSE weaker as South Africa slips into a recession

4 September 2018 /

3 September 2018 /

The U.S markets won’t be open this today as it is Labour day. This week we also have Facebook, Twitter and Google executives testify on ...

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Index heavyweights drag the JSE lower

31 August 2018 /

17 August 2018 /

Trade specialist Musa Makoni steps in for Odwa this morning to bring you your daily morning market podcast.

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Stocks rebound to lift the JSE

16 August 2018 /

25 July 2018 /

17 July 2018 /

The oil price took a considerate decline to a near three-week low. The move was triggered after an offer from Saudi Arabia to add more ...

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Weaker Chinese data weighs on global markets

16 July 2018 /

The JSE started the week on the backfoot as weak Chinese growth numbers weighed on global markets. Chinese GDP QoY came in at 6.7% which ...

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Technical trade AUD / USD - 16 July 2018

16 July 2018 /

6 July 2018 /

4 July 2018 /

China threw the first punch ahead of tariffs expected to be imposed on the country by the United States. a Chinese court temporarily banned ...

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U.S. Non-Farm Payrolls [NFP] release Friday 6th July 2018

4 July 2018 /

US Non-Farm Payroll Release It is time again for the monthly US Non-Farm Payroll (NFP) numbers to be released. The US Non-Farm Payroll ...

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The JSE closes firmer after muted start

3 July 2018 /

The JSE closed firmer on Tuesday following a flat trading session in which the index struggled to find a catalyst for direction. Local ...

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Glencore DOJ investigation perspective by Mark Ingham

3 July 2018 /

Just as Glencore thought it had put a few headaches behind it in DR Congo, the miner receives a subpoena from the US Department of Justice ...

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Today marks the last day to trade to get dividends

3 July 2018 /

If you would like to get some dividends on a number of companies, today marks the last day to trade.

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Local bourse retreats as trade concerns linger

2 July 2018 /

28 June 2018 /

The Dollar index tested its highest point in a week translating to the financial sector to drop by 2.57%. The MSCI Currency Index is ...

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JSE buoyed by recovery in global equities

27 June 2018 /

The JSE recovered from an earlier slump to close the day firmer on Wednesday as global equities staged a minor recovery. The local bourse ...

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Local Gold sector drops the JSE

27 June 2018 /

Another death of a miner affects the companies share price. Gold dropped by 0.45% in yesterday’s trading session and the JSE ALSI drops ...

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JSE erases earlier gains to end the day weaker

26 June 2018 /

The JSE erased earlier gains to close weaker on Tuesday as index heavyweight Naspers dragged the blue chips lower. Naspers [JSE:NPN] traded ...

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Technical trade DAX 30 Index - 26 June 2018

26 June 2018 /

Trade idea on the DAX 30 Waning economic data out of Germany over the last six months has seen German IFO business climate sentiment Index ...

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Kumba Iron Ore, trading statement context

26 June 2018 /

Kumba Iron Ore, trading statement context First half earnings will be a lot lower than the first half of F2017. Whilst KIO is guiding ...

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Last day to trade to get some dividends

26 June 2018 /

A number of companies are going ex-dividends tomorrow. Hold the instrument today at close of business to qualify for the dividends.

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JSE closes weaker due to increased trade war concerns

25 June 2018 /

19 June 2018 /

The JSE trended lower along with other global equity markets as trade concerns continued to dominate market sentiment. Donald Trump ...

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Technical trade note Truworths - 19 June 2018

19 June 2018 /

Trade idea on Truworths International Limited (TRU) The price of Truworths International Limited (TRU) has been consolidating over the last ...

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China, your move

19 June 2018 /

The markets continue to react to the unwanted trade war between the U.S and China. Stock markets around the world dropped and Bitcoin and ...

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Markets tumble as China retaliates to trade tariffs

18 June 2018 /

Global equities started the week on the backfoot as China retaliated to the USA’s tariffs. China has threatened to impose tariffs on US oil ...

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Anglo American in a good space with respect to the draft mining charter 18 June 2018 by Mark Ingham

18 June 2018 /

Anglo American “Anglo American in a good space with respect to the draft mining charter” Sector: Mining Share ...

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Your Monday Wake Up Call 18 June 2018

18 June 2018 /

What to look forward to this trading week Central bank rate decisions grabbed the headlines last week and particularly the US Fed which ...

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Resources

Local bourse weaker as resources buckle

JSE closes softer after a muted trading session

The Rand(ZAR), Petrol Price & Brent Crude Oil

Stocks plummet as US takes aim at Chinese tech giant

Local bourse weaker as China threatens to walk away from trade talks

JSE inches higher as global stocks rise

Index Technical Trade Note – 16 May 2019

JSE resumes downtrend

Cryptocurrency - In Bitcoin We Trust?

JSE closes flat as downtrend pauses

The Forex Technical Trade Note

Stocks plunge as China announces tariff retaliation

Chinese stock rebound lifts the JSE

Index Technical Trade Note – 10 May 2019

Stock rout worsens ahead of US-China tariff deadline

Trade tensions continue to weigh on the JSE

The Election Report 2019

Global markets tumble as Trump threatens higher tariffs on China

U.S. Non-Farm Payrolls (NFP) release – 3 May 2019

Financials rally despite the weaker rand

The Forex Technical Trade Note - 2 May 2019

Weaker Chinese economic data dampens investor confidence

3 Charting Patterns Every Trader Should Know

Know Your Candlesticks & Candlestick Patterns

JSE weaker as mining blue chips struggle

WHY TRADE FOREX

JSE weaker as global markets retreat

The Commodity Report – 25 April 2019

Financials and resources drag the local bourse lower

Wall Street Wednesday Technical Trade Note – 24 April 2019

JSE closes firmer as weaker rand lifts rand hedges

JSE edges higher as resources rebound

The Commodity Report – 18 April 2019

Markets struggle for direction despite improved Chinese GDP data

Wall Street Wednesday Technical Trade Note – 17 April 2019

Industrials lift the local bourse

U.S Index Technical Trade Note – 16 April 2019

JSE weaker as markets struggle for direction

Minor recovery for stocks as prior session’s laggards rebound

Local bourse closes weaker as mining and manufacturing data disappoints

U.S Index Technical Trade Note – 11 April 2019

Firmer rand lifts retailers and financials

Wall Street Wednesday Technical Trade Note – 10 April 2019

JSE closes weaker as IMF cuts SA’s growth forecast

The Commodity Report – 9 April 2019

JSE inches higher as resources rally

Looking Ahead - Next weeks trading calendar 5 April 2019

Local bourse closes softer as markets seek direction

U.S. Non-Farm Payrolls (NFP) release – Friday, 5 April 2019

Chinese economic data and trade talks fuel global stock surge

Wall Street Wednesday Technical Trade Note – 03 April 2019

JSE closes flat as stocks take a breather after previous session’s rally

U.S Index Technical Trade Note – 2 April 2019

Chinese economic data provides catalyst for stock rally

Mixed trading session for the JSE as SARB keeps rates unchanged

South African Interest Rate Decision - 28 March 2019

JSE steam rolls ahead despite concerns over Turkey

Wall Street Wednesday Technical Trade Note – 27 March 2019

JSE rebounds as global economic recession concerns thaw

The Forex Report – 26 March 2018

US Treasury yields inversion ignites fear across global stocks

Markets tread cautiously ahead of US Fed rate decision

U.S Federal Reserve (FED) interest rate decision– 20 March 2019

Gains across JSE miners lift local bourse

The Commodity Report – 19 March 2019

Morning Market Scoop 19 March 2019

JSE rallies on the back of gains in Asian equities

Chinese economic stimulus measures lift global stocks

Looking Ahead - Next weeks trading calendar 15 March 2019

Morning Market Scoop 15 March 2019

Local bourse closes softer after mixed trading session

Morning Market Scoop 14 March 2019

JSE closes slightly firmer as SA business confidence falls

Wall Street Wednesday Technical Trade Note – 13 March 2019

Morning Market Scoop 13 March 2019

JSE firmer as global stocks trade cautiously ahead of UK parliament vote

U.S Index Technical Trade Note – 12 March 2019

Morning Market Scoop 12 March 2019

JSE starts the week in the green as industrials advance