Richard Snow | Analyst DFX | IG South Africa

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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SARB hikes by 75 bps as inflation remains too high
Restoring inflation back to the 6-5% target remains central to the Bank’s objectives and ZAR has benefitted from recent dollar weakness but worsening local fundamentals may limit the near-term reprieve
Richard Snow, Publication date : 2022-11-25T00:20:28+0000
SA40 forecast: softer commodity prices weigh on the index, CPI breaches 6%
A steady decline in oil, gold and platinum prices weighed on the index as global equities struggle. SA inflation breaches the 6% target, with implications for the ZAR
Richard Snow, Publication date : 2022-06-22T13:53:16+0100
Brent Crude oil price update: tailwinds accrue for oil
EU leaders closer to finalizing ban on Russian seaborne oil; Brent crude oil technical levels analyzed and OPEC+ to meet on Thursday to set production quotas.
Richard Snow, Publication date : 2022-05-31T02:06:53+0100
SA40 Index price forecast ahead of the SARB rate decision
The SARB’s monetary committee attempts to strike the perfect balance between calming inflation while supporting the weakened local economy in tomorrow’s rate decision
Richard Snow, Publication date : 2022-05-18T15:12:45+0100
US dollar outlook: analyzing the dollar dip for USD/CAD and USD/ZAR
Dollar dip unlikely to persist – USD fundamentals remain strong; USD/CAD drops after hot Canadian inflation print and impressive ZAR unwinds despite a weaker dollar.
Richard Snow, Publication date : 2022-04-21T23:55:22+0100

Richard Snow

Richard has over four years of experience in financial markets and worked a year at IG in the trading services team. Richard finished with honours a degree in Investment Management from the University of Johannesburg and a second degree in Insurance and Risk Management from the University of the Witwatersrand.

Richard has been working with DailyFX, the partner site of IG offering leading FX news and analysis, since 2018 as an Analyst.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

IG is a trading name of IG Markets Ltd and IG Markets South Africa Limited. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in order to utilise their foreign investment allowance should the South African resident wish to open an offshore account with IG Markets Limited.

IG provides execution only services and enters into principal to principal transactions with its clients on IG’s prices. Such trades are not on exchange. IG Markets South Africa Limited is an authorised financial services provider (FSP No 41393). Whilst IG Markets South Africa Limited is a regulated FSP, CFDs issued by IG are not regulated by the FAIS Act as they are undertaken on a principal-to-principal basis.

IG Markets South Africa Limited is an authorised over-the-counter derivative provider and is regulated by the Financial Sector Conduct Authority.

The information on this site is not directed at residents of the United States or Belgium or any particular country outside South Africa and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Voted SA’s top CFD provider in Business Day Investors Monthly Annual Stockbroker Awards in 2012, best platform for Active Day Traders in 2013 and 2014, SA's best Online Broker in 2015 and 2017 and SA's best CFD provider in 2020 as well as SA's Top CFD Broker in 2021.