Please note ThinkMarkets does not provide CFD services to residents of the US.

Please note ThinkMarkets does not provide CFD services to residents of the US.

Learn To Trade
 
Indicators & Chart Patterns

Deepen your knowledge of technical analysis indicators and hone your skills as a trader.

Find your detailed guides here
Live Webinars

Boost your knowledge with our live, interactive webinars delivered by industry experts.

Learn More
Trading Glossary

From beginners to experts, all traders need to know a wide range of technical terms. Let us be your guide.

Learn more
Knowledge Base

No matter your experience level, download our free trading guides and develop your skills.

Learn more
Learn To Trade

Trade smarter: boost your skills with our training resources.

Create a live account
Market Analysis
 
Market News

All the latest market news, with regular insights and analysis from our in-house experts

Learn more
Economic Calendar

Make sure you are ahead of every market move with our constantly updated economic calendar.

Learn more
Technical Analysis

Harness past market data to forecast price direction and anticipate market moves.

Learn more
Live Webinars

Boost your knowledge with our live, interactive webinars delivered by industry experts.

Register now
Special Reports

Engaging, in-depth macroeconomic analysis and expert educational content from our in-house analysts

Learn more
Market Analysis

Harness the market intelligence you need to build your trading strategies.

Create a live account
About ThinkMarkets
 
Sponsorships

Check out our sponsorships with global institutions and athletes, built on shared values of excellence.

Learn more
About Us

Find out more about ThinkMarkets, an established, multi-award winning global broker you can trust.

Learn more
Careers

Discover a range of rewarding career possibilities across the globe

Apply now
ThinkMarkets News

Keep up to date with our latest company news and announcements

Learn more
Trading Infrastructure

When it comes to the speed we execute your trades, no expense is spared. Find out more.

Learn more
Contact Us

Our multilingual support team is here for you 24/7.

Learn more
About ThinkMarkets

Global presence, local expertise - find out what sets us apart.

Create a live account
Log in Create account

The South Africa Market today 30/06/2021

Lesego Mthombothi Lesego Mthombothi 30/06/2021
The South Africa Market today 30/06/2021 The South Africa Market today 30/06/2021
The South Africa Market today 30/06/2021 Lesego Mthombothi
The South African Market today


Major Sell off and Buying.
We are 3 days into the trading week and have already seen enough price action across the board for a week. Monday’s trading day was signified by selling across the board with only gold mining stocks being the gainers on the day on the JSE. On Tuesday there was an opportunity to buy the dips from the previous day with gold mining stocks seeing a sell off. This sort of market pattern is indicative of a market with no firm footing as new factors start to affect market participants perception of taking on additional risk. I am off the belief that the South African Equity market provides more value than most other stock markets, but the truth is because of the inter connectivity with global markets whatever happens offshore will affect us. As it seems that the delta variant is taking its course around the world it will be great to see the reaction from the rest of the world.
 
Rand Weakness
The volatility shocks that the ran experiences are part in parcel of how the world is viewing emerging markets. The rand was one of the best performing currencies in the past 12 months only for it to now becomes the worst performing currency in an amongst its peers. At the moment I do not believe there any issues which the rand has experienced except dollar strength on the back of a change in a hawkish tone with the fed. With the Non-farm payrolls coming out on Friday the rand is very fragile to any dollar shocks and seeing a stronger economy in the US will not bode well for the Rand.
 
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Related articles:

RDDT soars: here are the levels to watch in c...

By Alejandro Zambrano

26/03/2024

Weekly Index Dividends

By ThinkMarkets

25/03/2024

Reddit Launches IPO: Can the Struggling Compa...

By Alejandro Zambrano

21/03/2024

Weekly Index Dividends

By ThinkMarkets

18/03/2024

Local and global macroeconomic outlook for Ma...

By ThinkMarkets

14/03/2024

Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Back to top