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Today's Market Fundamentals
It has been a surprising start to the year as Donald Trump goes toe to toe with the Democrats, the government shut down remains as he waits on funding for his wall. Both sides of Congress are wanting a compromise to be reached but it seems as that the Democrat speaker has become as stubborn as the President. Whilst they act like children – you get the impression that the only ones that are hurting are the American people not getting paid, the very people they are supposed to be governing.
The market is also glued to any news that comes from the US-China trade negotiations in Washington, there is the question on how to solve the IP issue, it’s not all that easy for Trump as the US consumer does have a thirst for cheap goods. On the back of minds will also be the recent Apple story with traders wondering if this is more indicative of the financial market environment at present.
This is going to be an interesting week, the trade deal in my opinion may not be tough regardless of a deal or not as Chinese growth is slowing drastically. We also will turn our attention to the Brexit scenario again this week as the UK parliament makes another attempt at a deal.
It seems as though volatility has met us where it left us last year. Welcome to 2019!
Today's Market Trading Levels
- USDZAR BUY 9000 – 13.8500
- EURZAR BUY 8600 – 15.8000
- GBPZAR BUY 6900 – 17.6200
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