3 October : All about the Rand

Big move overnight on ZAR, weakening almost 2% from 18.86 to 19.29. This is as much about South African dynamics as it is about the strength of the mighty Dollar at the moment. Per our note yesterday, rates are staying higher for longer in the USA and risky assets like resources are on the back foot (Copper -2.6%, Platinum -3.3%).

Asia this morning is weak, with Nikkei -1.6% and Hang Seng -3%.

Nvidia (+3%) was the start performer in the S&P and is seen as a safe place to hide.

With lots of ZAR volatility, diversification of your portfolio across geographies gives you another tool to manage your concentration, Clarity makes that simple and quick.

ZAR -> USD -> NVIDIA in under 2 minutes on Clarity.

Information correct at time of publishing. It is important to conduct thorough research and analysis using a combination of fundamental and technical analysis techniques to make informed trading decisions.

Additionally, consider your risk tolerance, investment objectives, and time horizon when assessing company performance for trading. This content is not meant as financial advice.
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Tinus Rautenbach

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A South-African independent investment platform backed by a major bank.

A South-African investment platform backed by a major bank.