Quattro News

December 11, 2018

Forex Market Report

Good morning Yesterday I listed Brexit uncertainty as one of the main threats to the Rand which proved to be spot on as Theresa May called off today’s parliamentary vote, and sent the Rand tumbling. These are the mid rates as at 8:25 today: USD = 14.35 AUD = 10.33 GBP = 18.04 NZD = 9.87 EUR = 16.31 Brent Crude = $60.04 per barrel Market News We had almost gotten used to the Rand trading below R14.00 to the Dollar with the recent move back above R14.00 looking like a fleeting blip on the radar. But that all changed […]
December 5, 2018

Market News

Herewith the latest market information: Prime : 10.00% Gold (US$ per ounce) : 1 240.30 (+10.00) Brent Crude (US$ per barrel) : 61.23 (+0.49) Dow Jones : 25 027.00 (-3.10%) JSE Alsi : 52234.00 (+0.30%) ZAR/US$ : 13.86 (-0.15) ZAR / Euro : 15.71 (-0.17) ZAR / GBP : 17.60 (-0.21) Market moving events: Our market continued the upward trend, following the good day on Monday. The economic growth rate in SA advanced nicely in the 3rd quarter, however this news was overshadowed by worries that the resolution of the USA-China trade war would not be that simple. Positive Pointer: […]
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