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Messages - Orca

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676
Off topic / Re: Can you predict the Zexit?
« on: March 17, 2016, 01:59:25 pm »
If Zuma does not leave office tonight then it may happen over the weekend. If he has not been suspended by Monday then the NEC will keep him if office to his term end in 2019.
The Guptas will be charged for their intention to corrupt.

677
Off topic / Live chat
« on: March 16, 2016, 11:42:24 pm »
Zuma will be gone by Friday. He has become too much of an embarrassment to the ANC and the NEC can see that he has tried to hijack the whole country for himself. The NEC has a meeting with him on Thursday and this may well be the last of him.

678
Off topic / Re: Live chat
« on: March 16, 2016, 10:09:35 pm »
Gordhan and Jonas are not fools. I am sure Gordhan asked Jonas to disclose it to salvage the ZAR from its free fall.
We now have 2 senior ministers implicating the Guptas in politics for their own gain and for Zuma.
This is the start of Zexit. Many a book will be written about the Zuma Saga and his scheme to hijack the country as his mentor Bob taught him.

679
Off topic / Live chat
« on: March 16, 2016, 06:04:31 pm »
http://www.bdlive.co.za/national/2016/03/16/jonas-confirms-guptas-offered-him-finance-minister-job

680
Off topic / Re: Live chat
« on: March 16, 2016, 11:00:18 am »
Every time I look at the news, it gets worse and worse. http://www.dailymaverick.co.za/article/2016-03-15-state-capture-former-mp-publicly-reveals-guptas-offered-her-ministry/#.VukgCKeLTNM

681
Off topic / Re: Live chat
« on: March 15, 2016, 06:18:02 pm »
The SARS rogue unit scandal was swept under the rug a long time ago so why has it now suddenly become an expedited priority? The Hawks head must be charged with financial sabotage.
This is the start of the end. 

682
Off topic / Live chat
« on: March 15, 2016, 03:37:55 pm »
(Reuters) - South Africa's Hawks elite police unit said on Tuesday it would exercise its "constitutional powers" after Finance Minister Pravin Gordhan failed to meet a second deadline to answer its questions, weakening the rand further

683
Off topic / Re: Live chat
« on: March 11, 2016, 08:53:20 pm »
Brazil was recently downgraded to junk but:
The index is now up just over 30% for the rolling month, against the backdrop of growing bullishness on South American markets, following moves this year by recently elected President Mauricio Macri to reform neighbouring Argentina’s economy.

684
Off topic / Re: Live chat
« on: March 11, 2016, 10:35:36 am »
Traders act on impulse and then digest the news for some time to before making a decision on the direction it should be taking. Seems we will see sub 15 soon.

685
Off topic / Live chat
« on: March 10, 2016, 07:49:51 pm »
The bad news from SA attenuated the fall of the ZAR and cemented the downgrade.

686
Off topic / Live chat
« on: March 10, 2016, 07:39:33 pm »
The market jumped to above 1.30 and then dropped nearly instantly to a low 1.28. This huge swing took place because Mario Draghi in a question and answer session after the ECB decision announced there will not be any further rate cuts. There was a chance negative interest rates would be introduced and as they have now been all but written off the market has put its confidence in the Euro - See more at: http://www.eurorateforecast.com/#sthash.JSxMzxwo.dpuf

687
Off topic / Re: Live chat
« on: March 10, 2016, 07:11:40 pm »
Most traders do not trade on the news but wait for it to turn before getting in as the move is always overdone and will retract back but not as far. This retractment is not logical to me.

688
Off topic / Re: Live chat
« on: March 10, 2016, 07:02:01 pm »
Yes Moon. Defies logic. ZAR gained on the news and turned around with a vengeance. WTF? The EURO should have lost value and not gained.

689
Off topic / Live chat
« on: March 10, 2016, 04:25:24 pm »
And that is why only 3% of FX traders make money.

690
Off topic / Live chat
« on: March 10, 2016, 03:08:27 pm »
With that, we may see the ZAR below R15 today.

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