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Author Topic: Live chat  (Read 2941414 times)

jaDEB

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« Reply #3465 on: March 09, 2016, 06:55:25 am »
Nice :)
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jaDEB

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jaDEB

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« Reply #3466 on: March 09, 2016, 06:59:22 am »
Trump: I'm more presidential than anyone except Lincoln
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jaDEB

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Patrick

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Re: Live chat
« Reply #3467 on: March 09, 2016, 11:48:08 am »
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jaDEB

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« Reply #3468 on: March 09, 2016, 12:48:35 pm »
Should I wait at the Airport for them lol !!
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jaDEB

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Orca

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« Reply #3469 on: March 09, 2016, 07:22:10 pm »
ZAR strengthens by 1,8% as emerging markets rebound on USA results.
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Patrick

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« Reply #3470 on: March 09, 2016, 08:34:19 pm »
Ah I was wondering what happened. Moody's announces they're coming and the rand strengthens, didn't make sense to me!
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Patrick

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« Reply #3471 on: March 10, 2016, 07:53:50 am »
R15.21/$, now all we need is for moodys to not downgrade us and we might dip under R15 for the first time in a long time.
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krycor

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« Reply #3472 on: March 10, 2016, 10:09:46 am »
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Orca

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« Reply #3473 on: March 10, 2016, 12:10:44 pm »
Moody will only downgrade SA to one notch above junk. This will not have a lasting effect on the ZAR.
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Moonraker

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Re: Live chat
« Reply #3474 on: March 10, 2016, 02:57:52 pm »
The European Central Bank cut all three interest rates and said it will expand its quantitative easing program in a bid to spur growth and inflation.
QE monthly purchases up from 60 billion € to 80 billion € -- more than expected.
The 25-member Governing Council, meeting in Frankfurt on Thursday, cut the rate on cash parked overnight by banks by 10 basis points to minus 0.4 percent, and its benchmark rate to zero. Bond purchases were raised to 80 billion euros ($87 billion) a month, starting in April, and corporate bonds will now be eligible.

So, € should weaken against US $ .. let's see what happens to the crosses.
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Orca

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« Reply #3475 on: March 10, 2016, 03:08:27 pm »
With that, we may see the ZAR below R15 today.
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Orca

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« Reply #3476 on: March 10, 2016, 04:25:24 pm »
And that is why only 3% of FX traders make money.
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Moonraker

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Re: Live chat
« Reply #3477 on: March 10, 2016, 04:27:14 pm »
Manufacturing output weighing on Rand ?

Manufacturing output in Africa's most advanced economy unexpectedly contracted by 2.5 percent year-on-year in January after rising by a revised 0.5 percent in December, Statistics South Africa said.
Economists polled by Reuters had expected factory production to rise marginally by 0.2 percent.
On a month-on-month basis, manufacturing was down 1.8 percent, and was also down 1.1 percent in the three months to January compared with the previous three months, the statistics agency said.
"Weak demand, higher input costs and a death of confidence are all likely to continue to keep the manufacturing sector hovering around recessionary levels in 2016," BNP Paribas Securities economist Jeffrey Schultz said.
Statistics South Africa said mining output fell by 4.5 percent year-on-year in January.
Disappointing economic growth has heightened fears South Africa's credit rating could be cut to sub-investment grade and further unnerve investors concerned about President Jacob Zuma's handling of the economy.
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Moonraker

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Re: Live chat
« Reply #3478 on: March 10, 2016, 04:35:33 pm »


U.S. Weekly Jobless Claims Drop More Than Expected

The Labor Department said initial jobless claims dropped to 259,000, a decrease of 18,000 from the previous week's revised level of 277,000.
« Last Edit: March 10, 2016, 05:10:05 pm by Moonraker »
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Moonraker

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Re: Live chat
« Reply #3479 on: March 10, 2016, 05:43:33 pm »
Orca, are you as baffled as I am ? € now a lot stronger than just after ECB from 1.08 to over 1.115 US $ to €. Rand however much weaker, from 15.08 to 15.38.
Is it the ZA manufacturing output data referred to ealier on ?
I have absolutely no idea.   
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