Kaon Capital

Trade | Hedge | Invest.

Kaon Capital is a trading member of the JSE.

[Kaon Capital @KaonCapital]

Thoughts for the day:#Australia keeps rates on hold for 3rd month- #AUDUSD softer post! #DXY steady against majors. #USDZAR comfortably now with a 19 handle- Stage 6 , Fuel px hikes and usual RSA blah blah reminding us of the realities post BRIC's airshow 😏🍀

[Kaon Capital @KaonCapital]

Thoughts for the day: #Dollar lower and #USDZAR looking at support levels : first of which 18.90 and then 18.70- keep in mind #BRICS start today. Barring any own goals , expect domestic stocks and ZAR to warm up from here.🍀

[Kaon Capital @KaonCapital]

Thoughts for the day: #TOP40 got a hiding yest. (-2.9%) inline with global markets.#BTI and #CFR may provide some support after recent moves and defensive nature. #USDZAR still finding it's feet but #ZAR bulls may take comfort that we forming a 'mini' top around 18.50/60.

[Kaon Capital @KaonCapital]

#ZAR ended it's impressive run, with my ink barely dry! Breached our upper resistance overnight BUT I'd beware of a "false break". If we still above 17.90 at the close, then sure, but below 17.80 -all is forgiven😁🍀

[Kaon Capital @KaonCapital]

Thoughts for the day:#ZAR continues to impress, with our expected range 17.10 and 17.90 this week. If we can get to 17.40 and hold it, 17.00/17.10 possible? Guess Sell into strength with stoploss at 17.90!🍀

[Kaon Capital @KaonCapital]

#USDZAR looks to test 18.70 support. Help from base and precious metals. #DXY under pressure too against #EUR

[Kaon Capital @KaonCapital]

Thoughts for the day:US factory activity showed a contraction(more reason to keep rates on hold/lower?). #Australia kept rates unchanged, which saw OZ dollar weaken slightly. #USDZAR approached our 18.60 stop loss level but has since moved closer to 18.80. 🍀

[Kaon Capital @KaonCapital]

Thoughts for the day: Apologies for late note, IT gremlins this am. Slowest pace of US inflation since May 2021 giving FED best chance to pause this eve. 20.00pm our time. Question session after might be interesting. Equity close-out tom. Strong US showing see’s Alsi rebounding.

[Kaon Capital @KaonCapital]

Thoughts for the day: #ZAR still power against hard currencies, except OZ dollar, which makes sense. Battling with 18.50 level but can't see anything to reverse recent strength. As with #TOP40, we look to sell rallies.🍀

[Kaon Capital @KaonCapital]

Thoughts for the day: Another good day for SA inc. on the #JSE yesterday, this time managing to drag the #TOP40 higher. Asian markets, US and European futures all point to firmer start this morning. Although ZAR looking good in the face of steady #Dollar, struggling with 19.20🍀

[Kaon Capital @KaonCapital]

As expected, SA inc led the way yesterday, but unfortunately didn't do much for the #TOP40. #ZAR hedges weighed. Similar picture today. ZAR looking good and gaining traction against GBP and EUR! #DXY softer this morning, giving us hope that we've seen the USDZAR highs.🍀

[Kaon Capital @KaonCapital]

Thoughts for the day: Most global indices, including the #TOP40 ended the week on a bullish note. This morning, a mixed picture though. Expect a bumpy start for TOP40, with European and US futures flat to slightly lower. #USDZAR Our expected range is 19.35/19.70 for the week. 🍀

[Kaon Capital @KaonCapital]

Thoughts for the day: Interesting day for the #ZAR yesterday! #USDZAR traded up to all time highs and then just as easily, fell sharply into US open. #ZAR has seen the worst of it for now, and with a weaker DXY and firmer metals prices, think momentum could build to the downside!

[Kaon Capital @KaonCapital]

Trade idea: "mini" break on #USDZAR to downside. Sell USDZAR around current levels(19.18) Stop loss 19.40 (targets:19.00,18.80,18.50)

[Kaon Capital @KaonCapital]

Thoughts for the day: #USDZAR popped up through 18.40 level with ease, helped by "risk off" flight to relative safety of the dollar. A break above 18.70 would have us scrambling around in blue sky with zero help from our domestic situation. 🍀

[Kaon Capital @KaonCapital]

Thoughts for the day: #USDZAR touched our support of 18.17 and traded near our resistance of 18.56 last week. Currently 18.40 and I feel those levels probably a decent guide for this week too. US markets ended the week firm and our market looks set to start the grind higher 🍀

[Kaon Capital @KaonCapital]

Thoughts for the day: Markets get the news they supposedly wanted from the #FED, yet close at days lows! #ZAR had a nice move yesterday in response, settling around the 18.20 mark. Weekly support is around 18.17 and we look set to flirt with it shortly? 🍀

[Kaon Capital @KaonCapital]

Thoughts for the day: "dollar finding it's feet" turned into "gaining traction" yesterday, as greenback surged against most major currencies including the ZAR. #USDZAR kissed the 18.33 resistance for now!#Nasdaq for me, the only index where cracks are appearing. 🍀

[Kaon Capital @KaonCapital]

Thoughts for the day: Soft close on Friday across global markets. US and European futures showing signs of life but mixed Asian markets and softer metals may mute the expected steady start. #EUR finding resistance 1.09/1.10 and #USDZAR still battling with 18.10/18.20. 🍀