JSE Top 40 Note – 22 Oct 2024
The JSE TOPI Index update.
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Cryptocurrency Weekly Report – 21 Oct 2024
The medium-term bullish outlook on Bitcoin could be materializing as the market breaks above initial key resistance.
Interim overbought conditions are likely to result in a corrective phase, but this would remain part of the larger bullish bias, if pivotal support holds.
The expected bull trend should complete the cyclical upside that started at circa $ 16 000.
Ethereum remains less certain. The general view of a medium-term bottom, however, seems to be materializing.
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Rand Weekly Report – 21 Oct 2024
The USD/ZAR medium- and short- term expectations remain in line with recent market moves.
We expect volatile range trading within medium term parameters for the rest of the year.
The occurrence of a rare running correction with extended bullish consequences remains possible,
but is not the preferred outcome. We will keep a close watch as price action develops and clarifies the situation over time.
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US Dollar Report – 16 Oct 2024
The US Dollar Report for the 16th of October 2024.
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JSE Top 40 Index Note – 15 Oct 2024
An overlapping longer term bull phase suggests ongoing volatile moves with an upside bias over time.
The medium term view of moderate further gains remains valid.
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Cryptocurrencies Weekly – 14 Oct 2024
The medium-term bullish outlook on Bitcoin should be close to materializing as the recent consolidation phase nears completion.
The expected bull trend should complete the cyclical upside that started at circa $ 16 000.
This view is despite our well documented fundamental scepticism.
Ethereum remains somewhat of an enigma. It does seem, however that the market is constructing a medium-term bottom
that could result in a meaningful bull phase/relief rally.
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Rand Weekly Report – 14 Oct 2024
Medium term moves have remained within long term consolidation parameters and have also consistently exhibited corrective traits.
This suggests that while the USD/ZAR pair should remain within stated parameters.
Volatility and ad hoc moves is likely to continue for the rest of 2024.
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US Dollar weekly Report – 08 Oct 2024
The general bearish stance on the US Dollar remains preferred.
An expected correction in the bear trend has, however exceeded the indicated target levels.
This counter trend strength requires us to suggest a viable alternative possibility for a return to the largely ranging market conditions before the recent bearish break out.
Fortunately pivotal activation levels are quite close to current market levels.
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Crypto Weekly Report – 08 Oct 2024
The general consolidation in BTC is fast maturing and should result in a bullish outcome to new highs.
ETH remains difficult to pinpoint. Our medium- term bullish outlook was neutralized after a failure to reach new highs.
The best alternative is for this market to continue with an extended and overlapping bottoming formation.
The cryptocurrency market has evolved from a highly correlated entity to the current situation where the various currencies exhibit unique trends and outcomes.
The stark divergence between ETH and BTC outcomes over time has been notable.