Our systems have detected that you are using a computer with an IP address located in the USA.
If you are currently not located in the USA, please click “Continue” in order to access our Website.

Local restrictions - provision of cross-border services

Swissquote Bank Ltd (“Swissquote”) is a bank licensed in Switzerland under the supervision of the Swiss Financial Market Supervisory Authority (FINMA). Swissquote is not authorized as a bank or broker by any US authority (such as the CFTC or SEC) neither is it authorized to disseminate offering and solicitation materials for offshore sales of securities and investment services, to make financial promotion or conduct investment or banking activity in the USA whatsoever.

This website may however contain information about services and products that may be considered by US authorities as an invitation or inducement to engage in investment activity having an effect in the USA.

By clicking “Continue”, you confirm that you have read and understood this legal information and that you access the website on your own initiative and without any solicitation from Swissquote.

Research Market strategy
by Swissquote Analysts
Daily Market Brief

Rand to strengthen

Rand to strengthen

By Peter Rosenstreich

Is South Africa’s President Jacob Zuma about to be ousted? Markets think so, judging from the rapid appreciation of the ZAR, which is pricing in improved stability and decreased corruption. A smooth transition will press USDZAR down further.

The positive scenario is that Zuma will resign in the next few months, and Cyril Ramaphosa will succeed him without massive turbulence or the ruling African National Congress party breaking self-destructing factions. Despite the minor correction in high-beta emerging market currencies, we remain bullish on the Rand.

EU growth pushes Euro

By Vincent-Frédéric MIVELAZ

A broad uptrend in European Union economies is clear: European industrial production ended 2017 up 3.2%, with strong contributions from Germany, Italy and Spain among others. Just in the past days, Italian retail sales in November came in higher than expected and German GDP clocked a 2.2% rise on the year.

What comes next is the European Central Bank’s normalisation of monetary policy. We think this is coming sooner rather than later. We also expect to see the EUR/USD appreciate above its current 1.20 range.

Live chat