Around this past new year, oil prices were climbing higher and many analysts predicted that a rush of new production from U.S. shale oil fields would, over time, put a damper on prices Nearly six...
In a shining example of how the financial markets are full of surprises even for those (ourselves included) who claim to understand them, the US dollar is now extremely bullish after having endured a...
The Quarterly Labour Force Survey conducted by Statistics South Africa showed a 3% y/y decline in agricultural employment in the first quarter of this year to 847 000 jobs (Chart 1). This was...
Global remittances represent one of the major international financial resources and a major source of revenue for the world’s poorest countries. Official remittances - remittances to developing...
In today's blog we take a look at South Africa's crude oil imports from January 2010. But instead of focussing on the monthly value of South Africa's crude oil imports we will take a look at who South...
Gold sell signal on the breakout on Tuesday so we sell into any bounce. Minor resistance at 1296/97 but the best selling opportunity is at 1302/06, with stops above 1312. However it is looking...
With the price of Brent pushing toward $80 per barrel, market watchers are beginning to wonder if there is anything that can stop rising oil prices this spring. This is a far cry from last spring and...
Yesterday’s announcement by President Trump to withdraw from the Iran deal certainly affected the market. A dragonfly doji charted on the news (green arrow). This candlestick indicates a day...
Yesterday, US President Trump followed through on promises he made as far back as his 2016 campaign, and he began the process of reinstating sanctions on Iran. This could signal the end of the...
Oil is up more than 1 percent today, extending its rally into a fourth day with a total gain of 4.75 percent. This follows its consolidation since April 19. Yesterday’s near 2 percent advance...
The USDZAR has crossed above its black 30-week EMA. The direction of the EMA is slightly up (green arrow). The currency pair has mostly been in a mark-down phase (red horizontal), with a very brief...
The left chart shows the US Oil daily chart. It’s green 5-day EMA is above its orange 13-day EMA, and its orange 13-day EMA is above its black 34-day EMA. This is a bullish formation. There is...
We take a look at South Africa's fuel price history since January 2008, and what it has been a pretty volatile ride, South African consumers will soon pay record levels for a litre of fuel, largely...
For those of you that missed it Gold was a great asset to own….in the first decade of this century. From a low under $300 in 2001 it ran to a peak 10 years later at nearly $2000, a 675% gain....
Once again, spot gold ($1,305.60/ounce) is testing crucial support. The US dollar can help, at least near term. The yellow metal has pretty much been range-bound for two years now – between...
Gold is now trading higher for a 2nd straight day following on from yesterday’s interest rate decision from the Federal Reserve and some say the following monetary statement that was delivered...
