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Posts by Odwa Magwentshu

Emerging markets continue to suffer

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The Rand is showing no signs of resistance against the drop in value.
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South Africa technically enters a recession

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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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Emerging market sell-off pushes the Rand closer R15 against the Dollar

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A continuing sell-off in emerging markets has hit the local currency, leaving only 15 cents between the current price and R15 against the ...
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Labour in the United States

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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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Local markets take a nosedive and Trump on the offence

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The U.S. President has been on the offence yesterday, by firstly stating that the United States will withdraw from the World Trade ...
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Bull markets continues in the United States, despite simmering trade tensions

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U.S markets closed firmer at the end of the trading session, with the S&P 500 closing above 2900 for the first time.
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Earning results for a number of companies expected today

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A number of companies are expected to release numbers today, the likes of Mediclinic, Telkom, Adcock, Growthpoint Properties and Murray & ...
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Global showing strength after Trump announced the new trade deal to replace NAFTA

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President Donald Trump stated that the United States is pursuing a new trade deal to replace the North American Free Trade Agreement ...
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JSE climbs thanks to Dollar weakness and the positive sentiment after Naspers AGM

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Local market heavy weight, Naspers, hosted an AGM on Friday. The company closed up by 2.82 per cent. Elsewhere, Fed Chair stated that the ...
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Trade war tensions soften ahead Powell’s address

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The Chinese government stated that talks with the United States were constructive and honest.  The Federal Reserve chairman, Jarome Powell ...
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Rand rallies as the Dollar index and 10- year Treasuries drops

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In yesterday’s trading session we saw the local consumer inflation rise to its highest in 10 months, which has many analysts stating that ...
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Michael Cohen pleads guilty

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U.S. President, Donald Trump’s former lawyer plead guilty to charges against illegal campaign financing charges.
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Earning results numbers expected from BHP Billiton and Harmony Gold

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A number of companies are expected to release their earning numbers, such as Harmony Gold, BHP Billiton, Sea Harvest and Imperial Holdings.
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Gold sector remains under pressure

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On Friday the gold sector dropped by 1.59 percent on Friday as the gold price remains under $1200.00 an ounce. In other news, Turkish ...
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Drastic drop in commodity prices and lower than expected numbers from Tencent hits JSE hard

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The commodity prices took a dive and local gold companies followed. The $Gold price has managed to drop more than 3 percent this week ...
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Rand strengthens despite the dollar index raising

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The Rand showed strength against the major currencies which was beneficial to the financial sector. We also saw the gold sector suffer as ...
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Emerging markets under pressure thanks to Turkey’s state of affairs

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The economic troubles in Turkey have gripped global financial markets, with investors scrambling to determine whether and how far pain ...
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Emerging markets suffer with geopolitical tensions

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Markets fell across the globe, with events in Turkey dominating. The lira recovered some of Friday’s drop as Turkey’s central bank took ...
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Asian markets decline as geopolitical tensions intensify

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Asian markets a currently down by north of a percent as China has responded to the Trump administration with regards to the trade war. The ...
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Global markets close firmer

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As a result of the earnings season, we witnessed the U.S. stocks approaching fresh all-time highs. For instance, the S&P500 index closed at ...
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Nedbank and Royal Bafokeng Platinum to release earning results

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Earning season continues in America and in local markets we have results released by Nedbank and Royal Bafokeng Platinum.
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Earnings season continues in the United States

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A new week starts with more companies expected to release their earnings reports in America. So far they have been volatile and ...
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Today is NFP day and earnings boost Apple

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After tech giant, Apple released their earning result numbers, the companies share price rose and lead it to becoming the first U.S company ...
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Fed rates remain unchanged

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In yesterday’s FOMC meeting, the federal reserve came to the conclusion to leave the rates unchanged. Furthermore,  first time since June, ...
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Trump forces China to the negotiation table

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During the course of yesterday, the Trump administration announced that its looking to impose more tariffs on imports from China by 10 ...
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Gold sector finishes the day strong

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The gold sector had a great run in yesterday’s trading session, to close up by 2.29%. The gold price has been in a bearish trend with the ...
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Markets react favourably to BRICS summit

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The Rand continued to show strength at the end of the training session on Friday. On Friday we also saw European markets close positive and ...
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Day two of BRICS summit

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After the second day of the summit, we had all the leaders in BRICS have a closed session meeting. Russian President asked about the ...
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Rand strengthened after the first day of BRICS summit

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The sentiment around the summit is positive with South Africa dubbed as the ‘gateway to Africa’. The BRICS members have said that there is ...
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First day of the BRICS Summit

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Yesterday we had the President of China arrive in South Africa and meet with South African President Cyril Ramaphosa. After the meeting, ...
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Chinese 10-year bond yield up to 4 week high

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The yuan slid by 0.6% a day after a record injected of funding for banks. The Chinese Foreign Ministry spokesman said yesterday that the ...
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President Trump accuses the EU and China of manipulating currencies

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On Friday, the United States President announced a new threat to add additional duties on all imports from China. He stated that he’s ...
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Oil prices climbed after increase in U.S crude stockpile

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Data from the Energy Information Administration showed an unexpected build in U.S. crude stockpiles amid a surge in imports. Inventories of ...
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Nasdaq reaches All-time high

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The Nasdaq went to reach all-time highs in yesterday’s trading session. Further growth seems to be on the cards as we are still in earnings ...
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Oil price takes a massive drop

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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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China’s economic growth slowing down

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Data this morning showed China’s economic expansion slowed down slightly from the previous quarter, with industrial output in June missing ...
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Global markets are up as the JSE closed softer

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The global markets closed positive yesterday as China is yet to retaliate to the tariff increase threats from the United States. Today, the ...
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Trade war tensions hurt the global markets

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U.S. markets cutting some of yesterday’s losses that were urged by anxiety that the Trump administration’s trade stance will weaken the ...
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Second punch thrown by the Trump administration at China

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The trade war intensified as the Trump administration released the proposed list of $200 billion of Chinese imports to be hit by tariff ...
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Brexit negotiations on the rocks as two senior ministers resign

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Yesterday, the pound dropped as much as 0.7 percent after Johnsons’ resignation. The pound pared losses among declining concerns that the ...
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World markets rise amidst trade war

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The United States and China implemented their import tariffs on one-another on Friday. U.S and Asian markets are up after the tariffs were ...
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Trade war started at 06:01 local time

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The United States imposed President Donald Trump’s tariffs of $34 billion on Chinese goods at 00:01 in Washington DC. We also had FOMC ...
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Second day with the JSE up thanks to the Financial and Gold sector

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Trader and investors alike have their focus shifting to an eventful end to the week, with minutes from the last Federal Reserve meeting. ...
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China throws its first punch and pledges to keep the currency stable

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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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Today marks the last day to trade to get dividends

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

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The local market closed stronger on Friday with all the sectors up by more than 2%.  The JSE ALSI closed up 3.25%. The U.S President stated ...
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Emerging markets bounce back from 10 month lows

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The Rand strengthened against major currencies, which helped the financial sector strengthen by 0.84%. This morning, the currency in focus ...
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Rand weakens by more than 2% against major currencies

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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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Local Gold sector drops the JSE

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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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Last day to trade to get some dividends

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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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Tensions intensify in trade war

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Trade tensions between the world’s two-largest economies that have rattled markets this month are still the main focus for investors. China ...
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Oil up ahead OPEC meeting

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Ahead today’s OPEC meeting, the producer cartel led by top exporter Saudi Arabia, and its allies reached a preliminary agreement despite ...
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Another all-time high for the Nasdaq

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The American index reached all time high during yesterday’s trading session. This is the 7th time the index has reached all time highs this ...
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Geopolitical tensions put local markets under pressure

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Assets in emerging markets have been hit hard as the increase in tensions coincides with sharper projections for U.S. interest-rate hikes. ...
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China, your move

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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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Trade war begins

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The U.S threw the first punch in a trade fight and now Xi Jinping has no choice but to match Donald Trump blow for blow. In The U.S ...
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Eventful week ends with investor focus in Asia

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After the ECB conference yesterday, we saw a rally in the European markets as rates remain unchanged as expected and the announcement that ...
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Federal Reserve raises rates, focus now on ECB conference

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The Federal Reserve raised the interest rates for a second time this year to 2%. Emerging markets to remain under pressure and investors ...
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Investors looking towards today’s Federal Reserve meeting

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Investors have their attention on the Federal Reserve meeting that will be at 8pm  local time to see if the U.S will raise interest rates. ...
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U.S and North Korea summit starts today

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Historic summit between President Donald Trump and North Korea’s leader marks the first face-to-face encounter between a sitting U.S. ...
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Ethereum-based blockchain proof of concept trial a success in South Africa

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South Africa’s central bank has revealed astonishing results of Project Khokha, its proof-of-concept trial to replicate interbank payments ...
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GDP numbers disappoint investors

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Yesterday the GDP numbers came worse than expected with the graph below reflecting the different sectors and their contribution. This ...
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6 vs 1 as the U.S and Allies prepare to meet at G7 summit

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President Donald Trump is headed for a head-to-head with America’s allies at a Group of Seven summit this week, with the European Union and ...
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Trade tensions increase between U.S and China

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China has warned it will withdraw from commitments it made on trade if U.S. President Donald Trump carries out a separate threat to impose ...
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Today we have NFP numbers

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Traders are bracing themselves for today's jobs report, with payrolls expected to rise and the unemployment rate seen holding at its lowest ...
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Progress towards North Korea and US summit

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The US markets rallied yesterday as senior members of the two countries are taking the necessary steps for the summit to happen next month. ...
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Selloff in emerging markets because of political turmoil in Italy

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The political turmoil in Italy has investors nervous, which has led to a selloff in emerging market stocks and currencies. The main concern ...
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A drop in the mining sector

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There has been a drop in the mining sector index as the price for precious metals (Gold in particular) and the Brent crude oil price has ...
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A drop in the gold price brings down the gold sector

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Your Monday morning market podcast! Wishing you a profitable trading week. 
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Geopolitical tensions increase after U.S president cancels summit with North Korea

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Earning results due today

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Geopolitical tensions have eased as the Trade war discussions have been put on the back burner in the time being. A number of companies on ...
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A weaker Rand hurts the financials

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In the last few trading sessions, we have seen a weaker Rand against the major currencies, which has hurt the financial sector. This may ...
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U.S 10 year Treasury yields continue to climb

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Upward momentum in U.S 10 year bond yields remains intact as the benchmark bond advanced to trade at 3.12% up from 3.1%. US-Sino trade ...
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Goldman Sachs announces launch of a new cryptocurrency

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Yesterday was an eventful day on global markets. Firstly, in the crypto world Goldman Sachs became the first major financial institution to ...
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Geopolitical tensions adds uncertainty in the markets

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Since the beginning of the week, there has been violence in the Middle East and trade negotiations with the top two Economic giants, the ...
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Rand weakens as 10 year yields flirt with 3%

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The 10 year US treasury bonds went to flirt with the 3 % mark once more to have the dollar index firmer against Emerging markets. Investors ...
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OPEC states to have ‘enough’ spare production to cushion Iran situation

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A retracement in the greenback gives strength to the Rand

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Throughout the week the Rand has been in a tough spot due to the Dollar strengthening, however yesterday, we witnessed a retracement in the ...
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WTI oil price climbs in response to the US’s decision to withdraw from the Iran nuclear deal

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As the most recent new development in geopolitical headlines, where the U.S has announced its decision to withdraw from the Iran nuclear ...
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Oil price climbs after U.S president withdraws from Iran nuclear deal

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At 8pm, local time, we saw U.S President Donald Trump announce that the United States will be withdrawing from the Iran nuclear deal. The ...
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The U.S president expected to announce his decision of the Iran deal

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The focus for today’s trading session will be on the U.S President, Donald Trump, were he will be speaking at 8pm local time on his ...
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Dis-chem closes in the red despite an increase in earnings

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South African pharmaceutical chain Dis-Chem Pharmacies reported on Friday a 13.7 percent increase in full-year adjusted earnings and 13.3 ...
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Naspers pulls the JSE down

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The media giant pulls the markets down after the Tencent had a negative day on Thursday. We also had the international market drop as trade ...
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Earnings results dominate the day

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This Thursday session there are a number of earnings results number that will be released and one to speak of is Harmony Gold. Yesterday we ...
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Focus on the Federal Reserve meeting

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The focus for today’s trading day is the FOMC statement, which has investors glued  to the outcomes and whether the policy makers will ...
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Earnings season continues

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Last week we saw Tech giants release their results in the U.S.A, which helped the American economy rally, with the help of the 10 year ...
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Greenback growth hurting our financial sector

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South Africa's rand tumbled to its weakest in more than the three months while bonds also slipped, as a rally in the dollar and U.S. ...
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Bitcoin the new safe haven

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As we saw in the market where the DXY (Dollar index) continued to strengthen to reach 3 month highs, American markets came off by more then ...
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Greenback strengthens as US 10 year treasury yield fell

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On Monday the Rand weakened against major currencies but noticeably against the US Dollar. This is on the back of the US 10-year treasury ...
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Steinhoff still needs to sell of more assets

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South African retailer Steinhoff remains in a "tough position" and is talking to creditors about restructuring debt, the company said on ...
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Steinhoff continues to find itself in muddy waters

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Business Leadership South Africa (BLSA) says it will ensure that those found to be liable for Steinhoff International’s demise are ...
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Better than expected inflation and retail numbers strengthen the Rand

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South Africa's rand strengthened and bonds rallied on Wednesday after better than expected inflation and retail data. Lower inflation ...
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Gold shares suffer

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The countries investment lions hit the ground running after South African president and UK Prime Minister agreed on a £50 Million deal ...
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Steinhoff in a bottom-less pit

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Rand firmer as China reports import data

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Bitcoin making a comeback?

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Steinhoff in deep water

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World Bank raises South Africa growth forecasts

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Global markets strengthen

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American markets slid after worse than expected NFP numbers

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President Donald Trump ignores advice on the trade war

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Trade war causes volatility in the market

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Murray & Roberts scores big with mining project

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Tech stocks pulling the US markets down

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A cut in local interest rate

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Moody’s rate decision to be announced today

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Retail sales numbers to be released

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Trade war hurts global markets

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EOH share price continues to drop

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EOH share price free falls after releasing unfavourable results

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Global equity markets under pressure

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Local manufacturing production numbers are expected today

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Positive response by the markets towards the NFP

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NFP Friday! Stadio also set to release results

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Earnings rush before markets open from $SBK, $EXX and $MTN

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RMB holdings to release results today

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Outbreak weighs down on Tiger Brands share price

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Mondi to release results today

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Barclays Africa to release results

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Motion passed for Expropriation of land without compensation

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President Ramaphosa reshuffles his cabinet

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The results are in!

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Highlights of the budget speech 2018

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A budget speech for the new era

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Ashanti Gold and African Rainbow Minerals to release results

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Long trade for Vodacom

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Trade summary: Long VOD Target price:                      18000c Entry:                                  16500c Stop ...
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Long trade for Telkom

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Trade summary: Long TKG Entry:                5000c Stop Loss:         4500c Target price:     6000c The share price has been under ...
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Short trade for Kumba Iron Ore

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Trade summary: Short KIO Entry:               35500c Stop Loss:       39000c Target price:     30300c The stock has been having a great ...
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The Power of the Rand

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In recent days we have seen the Rand take strides and strengthen against the major currencies but more so against the US dollar, which has ...
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The Viceroy Effect

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As good as gold

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Quick response saves Aspen share price

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Steinhoff bonds dropped by ECB

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"Another cabinet reshuffle in the UK" Market Podcast 8 Jan 2018

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Just one more day to ANC 54 - Morning Market Podcast 15/12/2017

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Tomorrow the ANC 54th National Conference begins
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"President Zuma has to pay" Morning Market Podcast 14/12/2017

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President Zuma has to pay
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"Steinhoff's comback?" Morning Market Podcast 13/12/2017

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Steinhoff's comeback?
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Your Morning Market Podcast 12/12/2017

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Manufacturing production numbers to be released
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Your Monday Wake Up Call 11 December 2017

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What to look forward to this trading week
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Your Morning Market Podcast 11/12/2017

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Steinhoff drops for consecutive days
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Your Morning Market Podcast 08/12/2017

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It's NFP day today! Read more about NFP (Non-Farm Payrolls)
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Your Morning Market Podcast 07/12/2017

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What's next for Steinhoff? Read Fundamentals on Steinhoff: /steinhoff-reputation-ruptured-m-n-ingham
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Your Morning Market Podcast 06/12/2017

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Steinhoff International To Release Results  
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Your Morning Market Podcast 05/12/2017

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Cyril Ramaphosa wins ANC endorsement  
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Your Morning Market Podcast 04/12/2017

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Steinhoff Africa Retail To Release Results  
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Your Morning Market Podcast 29/11/2017

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Naspers To Release Results
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Your Morning Market Podcast - 20/10/2017

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Your Morning Market Podcast - 19/10/2017

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Your Morning Market Podcast - 18/10/2017

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Anglo American Platinum Technical Take

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Go Long Anglo American Platinum: Based on the technical information on the chart above, the share price has broken above the resistance ...
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Your Morning Market Podcast - 17/10/2017

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Your Morning Market Podcast - 16/10/2017

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Your Morning Market Podcast - 13/10/2017

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Your Morning Market Podcast - 12/10/2017

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Your Morning Market Podcast - 11/10/2017

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Your Morning Market Podcast - 10/10/2017

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Your Morning Market Podcast - 09/10/2017

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PSG Technical Take

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Go Long PSG The share price for PSG has broken out of a channel but has been struggling to close above 24400c. Now we are waiting for the ...
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Glencore Technical Take

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Go Short Glencore The Glencore share price has broken out of the upward channel and is showing a potential to come off further from its ...
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Double Trade - Aspen & Discovery

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Trade speacialist Odwa Magwentshu get started with a double trade idea for this Tuesday...
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Your Morning Market Podcast - 22 September

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Repo rate unchanged & US/ N.Korea conflict.  22 September 2017
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CPI Numbers Release

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Double Trade - Mondi & Tiger Brands

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TRADE #1 Go Long Mondi Ltd
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How Bond yields affect bank share prices.

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  As a follow up to last week’s  banking stocks trading ideas. I would like to show how bond yields affect local banking stocks.  
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Go Long on EUR/USD

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Go Long EUR/USD A great trade before today’s ECB press conference above is what I think is going to come out. If you are brave, this would ...
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Mr Magwentshu's 5 Trade Ideas

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Short the Nikkei Trade summary: Stop loss                           19830
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EUR/USD Short Technical Take (Hourly Chart)

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Express short trade EUR/USD on an hour chart I am looking at a short on EUR/USD as soon as it closes below the 1.1960 level. For the hour ...
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EUR/JPY Take Profit

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Express trade EUR/JPY Take Profit Take profit on the trade dated 24th August 2017 which can be seen here. Trade summary: Long ...
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GBP/JPY Express Technical Take (Hourly Chart)

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Update on GBP/JPY Trade 30/08/2017- TAKE PROFIT  25/08/2017 Express trade GBP/JPY on an hour chart I have just seen an inverse head and ...
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EUR/JPY Express Technical Take (Hourly Chart)

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Express trade EUR/JPY on an hour chart I saw the EUR/JPY break above the resistance line once today at 1pm, however I am looking for a ...
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FTSE100 Express Technical Take (Hourly Chart)

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Express trade on an hour chart I am having a look at the FTSE 100 index and I notice that on the hourly chart, you will note that the price ...
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Your Morning Market Podcast 18 August 2017

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Your Morning Market Podcast 17 August 2017

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GBP/USD Technical Take - Support from "cable"

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GBP/USD - Support from "Cable" I am looking to go long on the trade as it is on a trend line and on a support line. On the hour chart, you ...
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Your Morning Market Podcast 16 August 2017

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Your Morning Market Podcast 15 August 2017

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Your Morning Market Podcast 14 August 2017

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Your Morning Market Podcast 11 August 2017

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Your Morning Market Podcast 10 August 2017

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Your Morning Market Podcast 08 August 2017

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  Your Morning Market Podcast 8 August 2017
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It would be 'Loonie' not to go long - Technical Take USD/CAD

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Your Morning Market Podcast 04 August 2017

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Your Morning Market Podcast 4 August 2017
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Your Morning Market Podcast 03 August 2017

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Your Morning Market Podcast 3 August 2017
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Your Morning Market Podcast 02 August 2017

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Looking at Northam Platinum  
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Dollar to join the 'Darkside'- Technical Take #Update 27 July 2017

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Dollar to join the 'Darkside'- Technical Take

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GBP in for a "pounding" - Technical Take

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EUR going bear-shaped | Technical Take

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6 Things to know before you start trading

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Trading is the latest craze and rightfully so! A well-known secret is that profits are better than wages and that no one has become a ...
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