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Here's the CURRENCY HUB Monthly Market Update, reflecting on last month's trading and the short-term expectations.
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Happy New Year. Thank you sincerely for your support.
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REMEMBER TO SIGN OUR 2024 MANDATE & REGISTER WITH TUUURTLE CREDIT
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Monthly Client Profit Summary (Dec 2023)
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Commentary From the Trading Desk
January looks to be an exciting time for crypto, with the announcements of crypto ETF approvals in the USA.
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This would be a watershed moment for the sector, ushering in retail and institutional investors, reassured of some long overdue regulatory rails. Closer to home, cryptos are now fully regulated by the FSCA.
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This should be good news for our Premium, especially in Q1 2024, noting:
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- With a significant BTC rally, the Premium has held at 2%. Any cooling off after the announcement will lead to some great trading opportunities. (Buy the rumour sell the fact kind of stuff on BTC)
- Local regulation means unregulated firms should not be trading. This means less downward pressure on the Premium
All we need in conjunction with the above is the ZAR strengthening against the USD, noting our unique active-trading strategy captures most of this intra-day upside, generating true alpha (industry-speak for better than the market returns).
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NEW REFERAL PROGRAM - Earn a % of our profits
We have amended our referral program. For more info follow the link below.
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Credit Facility for AIT applications
Consider our R2,5m credit facility to get your offshore tax clearance. Then trade with your own capital. For more info follow the link below.
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Join our Telegram / WhatsApp Group
Please join our Telegram and/or WhatsApp group. The purpose of these social media groups is exclusively for broadcasting news about the Premium and the markets.
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Thanks for your continued support.
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