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Southafrica

Trading Idea - #Steinhoff - The Gambling! HIGH RISK TRADE! BUY! Entry:0.2288 EUR Target: 2.7976 EUR (+1100% profit) Stop: 0.0794 EUR Steinhoff International Holdings N.V. specializes in the retail trade.Sales are distributed among the various business segments as follows: - Retail (97.9%); - Financial services (1.8%); - Other (0.3%). The geographic distribution of sales is as follows: South Africa (37.3%), Africa (7%), United Kingdom (19%), Poland (11.1%), Europe (16.5%) and Australasia (9.1%). Number of employees : 91 519 people. - South African retail group Steinhoff reported on Friday a 15% increase in sales for the nine-months ended June 30, as COVID-19 lockdown restrictions reduced throughout the period across its markets. - Steinhoff has been restructuring its operations since revealing accounting fraud in 2017, selling off assets and paying off debt. - A big hurdle to overcome is settlement of lawsuit claims from shareholders and investors, which it hopes will be approved in September at a creditors meeting.
SLong
by Traderherz-Analytics
NASDAQ, PICTURE PERFECTWouldn't it be lovely... Our perfect scenario on Nasdaq Things to consider Contradictory fundamentals - BTC rose to 50k, Tesla has immense holdings in BTC, possibly creating a pump at NY open Gap at 15088 - Once closed all stop's should be beneath entry making this trade risk free as this may create a buyers leg Essentially there are possible HH's that could be created - However the reward scale still leans biased to sell, please read this a few times. It will make you more responsible with positioning responsibly prior to break out. SELL STOP NASDAQ @ 15125.55 SL OPEN TP OPEN R:R - 1:5 POSITION CAREFULLY USE RISK MANAGEMENT
FX:NAS100Short
by rushnft
4
Down the conspiracy theory rabbid hole: Rand to go upUSDZAR: first they will sell their houses and belongings (for rands) Ok well you know what I think about South Africa, what I said about it + reading between the lines + what I say about other places and the world in general. It's simple the price moves because of what people are doing it's not magical. Riots don't magically make the currency implode, it's indirect, and right now people will sell for rands so it should go up at first. Sort of how the yen goes up when japanese sell their us stocks, or goes down before the us stock market goes up. The price moves because of supply & demand not Morgan Stanley saying the economy will contract by 3.5%. Which also means something can be completely wrongly priced because of "technical" details. Spreads are high but this is a large move, spread should be less than 5% of the stop loss. What would be magical would be the government going "no one should go hungry we will help you we are the saviors blablabla usual nonsense" and spending billions to "rebuild" and throw welfare around. Would provide juicy and long term shorts on the rand. In a few weeks. After I made money going long.
Short
by MrRenev
2
Bullish Flag on Purple GroupJSE:PPE had a nice upward rally at the beginning of June followed by a slightly downward consolidation period. Because of these moves, we have seen the formation of a bullish flag pattern. A bullish flag is a continuation pattern, therefore the expectation is that the price will continue upwards once the breakout has happened. So far this morning a breakout has occurred, but I may be inclined to wait until Monday before entering a long position. If you take the length of the "flagpole" into account the target for this trade should be around 190.
JSE:PPELong
by RossLarter
The June CPI, South Africa, And Another Trial In Precious MetalsGold was sitting around the $1825 on Friday, July 16. Silver was over $26, platinum was near the $1140 level, and palladium was around $2700 per ounce. All four of the precious metals that trade on the COMEX and NYMEX divisions of the Chicago Mercantile Exchange have been trending higher over the past years. Gold and palladium reached all-time highs over the past year. The June CPI comes in on fire The inflation data is not a validation of “transitory” Passing a bullish baton from one sector to the next South Africa is on fire- Precious metals supplies could decline- Another trial begins this week The next leg up for gold, silver, platinum, palladium and other PGMs could be on the horizon Precious metals tend to rise in inflationary environments as the economic condition erodes money’s purchasing power. The tidal wave of central bank liquidity and tsunami of government stimulus has increased the money supply exponentially over the past year. Rising money supply weighs on fiat currency values. While all four of the precious metals are below their highs for 2021 and over the past years, the path of least resistance for prices on a long-term basis remains higher. When it comes to gold, every substantial price dip has been a buying opportunity over the past two decades. The current environment suggests that it will continue. Moreover, the recent events in South Africa, a leading gold and platinum group metals producer, could put additional upward pressure on prices. The June CPI comes in on fire The June Consumer Price Index rose for the third consecutive month posting a 5.4% increase in June. Excluding food and energy, it was 4.5% higher, the most substantial gain since September 1991. While the Fed and other analysts blamed one-third of the rise on used car and truck prices, any consumer knows prices are rapidly rising. The Fed continues to view the data as “transitory.” The market’s reaction continues to be another indication that the central bank will roll out plans to taper quantitative easing and schedule liftoff from the zero percent short-term Fed Funds rate. However, one factor may make any move by the central bank moot. The inflation data is not a validation of “transitory” The Fed Chairman and the Secretary of the Treasury believe that inflationary pressures are “transitory,” blaming the data on pandemic-inspired bottlenecks in the supply chain. However, with Congress discussing another $3.5 trillion in spending, even if the Fed tightens credit, the government’s stimulus tsunami continues to flood the financial system. The CPI data and rising retail prices are the price tag for the stimulus and tidal wave of central bank liquidity that began over one year ago. Passing a bullish baton from one sector to the next We have seen inflationary pressures rise in markets across all asset classes. The economic condition erodes money’s purchasing power. The stock market has risen to all-time highs. We witnessed parabolic moves in cryptocurrencies earlier this year. While Bitcoin, Ethereum, and many other cryptos halved in value from the April and May highs, they remain far higher than at the end of 2020 and many times the price levels at the 2020 lows. In commodities, gold rose to a record high in August 2020. While the yellow metal corrected, it continues to consolidate at above the $1800 per ounce level at the end of last week. Silver rose to its highest level since 2013 when it probed above the $30 level in February before correcting. Platinum rose to its highest price since 2014 before moving lower. In May, palladium, along with lumber and copper, reached all-time highs. Rhodium, a platinum group metal that only trades in the physical market, reached almost $30,000 per ounce this year. Grain prices rose to eight-year highs earlier this year. Sugar and coffee reached multi-year peaks. The latest sector to move to the highest level in years was energy as the nearby NYMEX crude oil futures contract traded at $76.98 per barrel on July 6, the highest price since 2014. Natural gas moved to $3.822 per MMBtu on July 6, the highest price since late 2018, with ethanol at an over seven-year high and coal prices at the highest price in a decade. The raw materials asset class has been passing the bullish baton from sector to sector in an inflationary relay race over the past year. Bull markets rarely move in a straight line, but the trends remain bullish, reflecting the rising inflationary pressures. South Africa is on fire- Precious metals supplies could decline- Another trial begins this week After another attempt at a rally, precious metals sold off at the end of last week. The prospects for higher interest rates push the US dollar higher, which tends to be bearish for the precious metals. However, gold remained above $1800 per ounce, silver is over the $25.50 level, platinum was at $1100, palladium was around $2.640, and rhodium was at a midpoint of $19,100. At the March 2020 lows, gold found a bottom at $1450.90, silver fell to $11.74, platinum reached $562, and palladium fell to $1449.90 per ounce. Rhodium declined to $2000 per ounce. South Africa remains a leading producer of platinum group metals. 72% of annual platinum supplies come from South Africa, along with 36% of palladium, 82% of rhodium, 81% of ruthenium, and 87% of iridium. Ruthenium and iridium are other platinum group metals that trade in the physical market. While South African gold production has declined over the past year, the country still produced around 99.2 metric tons of gold in 2020. South Africa is currently facing the worst political violence since apartheid ended 27 years ago. Violent riots and looting in the aftermath of the jailing of former President Jacob Zuma are gripping the country. Persistent poverty and the global pandemic’s toll have only exacerbated political violence and upheaval. As South Africa faces the potential for a civil war, precious metals production could suffer over the coming months and perhaps years, creating the PGM shortages and limiting gold output from the mineral-rich nation. Meanwhile, the greener path for energy policy only supports the demand for platinum group metals. As supplies from South Africa may decline, the demand will continue to grow, putting upward pressure on prices. Rising inflation and the South African political landscape support all precious metals prices. Meanwhile, this week, two traders accused of felony-level crimes in the precious metal markets go on trial in Chicago. Federal District Court Judge John Z. Lee will preside over the trial of John Pacillo and Edward Bases. The pair last traded for Bank of America Merrill Lynch. Mr. Bases had traded precious metals for Morgan Stanley, Deutsche Bank, Bear Stearns, and Merrill Lynch since the 1990s, while Mr. Pacillo has an equally long resume. A jury at the most recent Chicago trials of two Deutsche Bank traders, John Vorley and Cedric Chanu, returned guilty verdicts. Both were sentenced to one year in prison. Bases and Pacillo pleaded not guilty to the charges. A jury of their peers will decide their fate this week. More traders, including three from JP Morgan Chase, await their days in court. While the trials and sentences will not impact precious metals prices, trader’s behavior will change as a prison cell, and lifelong branding as a felon is a far cry from the comforts of a trading room. I ran one of the leading precious metals dealing desks in the 1980s and 1990s and know some of those charged, including Mr. Bases. I will save any comments for after the accused have their days in court. The next leg up for gold, silver, platinum, palladium, and other PGMs could be on the horizon Platinum group metals suffer from illiquidity on the futures exchange. The lack of visible stockpiles and the supply versus demand equations in the PGMs does not allow for robust futures or forward markets. Less liquid commodities tend to experience far higher volatility levels. Lumber is one of the least liquid futures markets. The price of wood from the $251.50 level in April 2020 to $1711.20 one year later in May 2021. At the end of last week, the price was below $550. Traders call markets like lumber roach motels as market participants can get into long or short risk positions but getting out when the market moves in the opposite directions can be more than a challenge. Platinum and palladium futures quality as roach motels. Meanwhile, increasing demand for PGMs because of the rise of environmentally friendly energy policy supports their prices. The upheaval in South Africa may only exacerbate upside price action if supplies decline. When it comes to gold, every dip over the past two decades has been a buying opportunity. The quarterly chart highlights the bullish price action in gold and the pattern of higher lows and higher highs that began in 1999 at $252.50 per ounce. Gold may have corrected from the August 2020 $2063 high, but the price action remains in bullish mode from a long-term perspective. Silver is a highly speculative metal that attracts herd behavior when the price begins to trend. In 2020, silver traded in an $18.175 range from low to high. So far in 2021, the trading band has been only $6.61, with silver making a marginally higher high and higher low. When precious metals embark on the next leg to the upside, silver is likely to have a magnetic pull for a herd of buyers. Rising inflation and the political landscape in South Africa are bullish for precious metals. While the US Federal Reserve may pivot to a more hawkish monetary policy stance, government stimulus shows no sign of slowing. It may only be a matter of time before the precious metals sector takes the bullish baton in the inflationary relay race that has been underway since the 2020 bottoms. Use the links below to sign up for free early access to new posts and register for the free Monday Night Strategy Call. Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
COMEX:GC1!Long
by Andy_Hecht
EURCAD POSSIBLE YEARLY STRUCTURE OLHC (BUYS)🟢⤴️Please support this idea with LIKE if you find it useful.. EURCAD FX:EURCAD POSSIBLE YEARLY STRUCTURE OLHC (BUYS)🟢⤴️ Bullish Divergence spotted from 01 October 2019 to current market price which is also rejecting off the 78.60% fib zone. Market Structure for EURCAD in the monthly time-frame for the yearly structure is OLHC ( Open Low High Close) indicating soon we will be taking LONG TERM BUYS 🟢. Currently waiting for the close of the currently monthly candle to confirm TDI crossing which will indicate the presence of Buyers in Market. TDI Priceline (Green Line) must cross above the Bloodline (Red Line) in the monthly time-frame to confirm the presence of Buyers. 💯 ✅ First Target 🎯 1.50970💰💰 ✅Second Target 🎯 1.55027💰💰 Wait for valid entries. P A T I E N C E + D I S C I P L I N E
Long
by PeanutButter
EURJPY POSSIBLE JULY MONTHLY STRUCTURE OLHC(BUYS)🟢⤴️Please support this idea with LIKE if you find it useful.. EURJPY FX:EURJPY POSSIBLE JULY MONTHLY STRUCTURE OLHC(BUYS)🟢⤴️ EURJPY Monthly structure for the month of July 2021 in the daily time-frame is OLHC ( Buys). Buyers are still not present in market since price in the daily time-frame was unable to close above the open before the 15th of this month price had to consolidate. Hence the delay in the bullish structure forming . Bullish Divergence however has confirmed for price starting from 19th January 2021 to current market price . We patiently waiting for a TDI cross as Priceline is also above our buy pressure zone in The daily time-frame. Wait for a TDI cross ( Priceline must cross above bloodline in the daily to confirm the presence of Buyers in market . 💯Target the July Monthly open In the daily time-frame ✅💰💰💰💰 Wait for valid entries. P A T I E N C E + D I S C I P L I N E
Long
by PeanutButter
EURJPY POSSIBLE YEARLY STRUCTRE OHLC (SELLS ) 2021Please support this idea with LIKE if you find it useful.. EURJPY YEARLY STRUCTURE OHLC (SELLS)🔴⤵️ Bearish Divergence spotted on EURJPY starting from 1st January 2018 which also saw price rejecting below our 23.60% fib zone till current market price . Market structure for EURJPY in the monthly time-frame for the yearly structure is OHLC( Open High Low Close) indicating we will soon be selling for long term. Currently waiting for the close of the current Monthly candle to close with a TDI crossing to confirm the presence of sellers in market. I Strongly believe sellers will dominate more from next month August, we definitely will see a small short term bullish push which should close at least half way of July’s monthly candle before it begins to tank down . Regardless we are in for some good profitable long term sells. 💰💰💰Hope you ready ? 💯🔥 Sells will confirm the minute the current monthly candle closes with a TDI crossing also below the bloodline. A perfect target for TDI will be when the Priceline (Green Line) touches the Liquid 50 Line (Yellow Line) . You can also target the monthly open as take profit 💰💰💰 for your long term sell runner(s) ✅which is the open of January 2012. Wait for valid entries. P A T I E N C E + D I S C I P L I N E
Short
by PeanutButter