Anglo American Platinum (AMS), or Amplats, is the second-largest platinum producer in the world (after Sibanye) and plays a key role in the platinum group metals (PGM) industry. The company is 77.62% owned by Anglo American and has been at the forefront of transitioning from deep-level mining to shallow, mechanized mining, which has significantly improved efficiency and reduced costs. Strategic Developments & Operations Over the past five years, Amplats has reduced its number of mines from 18 to 7, cut overheads by 50%, and halved its workforce. This restructuring has enhanced profitability, particularly through its Mogalakwena open-cast mine, a palladium-rich operation with some of the lowest costs in the industry worldwide. A new project at Mogalakwena is set to increase platinum production by 250,000 ounces and palladium production by 270,000 ounces. Amplats also acquired Glencore’s 40.2% stake in the Mototolo mine and the adjacent Der Brochen property for R1.5 billion, enabling a cost-effective expansion without additional surface infrastructure. However, platinum prices remain under pressure due to an effective recycling industry, which adds about 2 million ounces per year to the supply by recovering metal from old auto catalysts. Despite this, we believe Amplats remains the best of the PGM shares on the JSE, although it is highly volatile as a commodity stock. Key Risks & Challenges - As part of its Mogalakwena expansion, Amplats plans to relocate 1,000 families, which could lead to social unrest. - Loadshedding and falling PGM prices continue to be significant headwinds. - The company announced the retrenchment of 3,700 employees on 19th February 2023. - On 23rd July 2024, Business Day reported that Amplats was considering listing on the London Stock Exchange (LSE). Financial Performance In its results for the six months to 30th June 2024, Amplats reported: - Tonnes milled down 7% - Refined PGM production up 5% - Revenue down 19% - Headline earnings down 18% The company explained, "Realised PGM dollar basket price fell 24% to an average of US$1,442 per PGM ounce due to declining realised palladium and rhodium metal prices, which were 34% and 49% lower, respectively." In its third-quarter update for 30th September 2024, Amplats reported: - PGM production from own-managed mines down 9% - PGM sales volumes up 16% - Maintained 2024 production guidance at 3.3-3.7 million PGM ounces - Increased refined production guidance to 3.7-3.9 million ounces In a trading statement for the year to 31st December 2024, the company estimated HEPS would decline by 36%-46%, stating, "The decrease in earnings compared to 2023 is primarily due to a 13% decline in realised ZAR PGM prices. Most notably, palladium and rhodium realised US dollar prices decreased 24% and 30%, respectively." Technical & Investment View - The share price has been declining since March 2022, driven by loadshedding, weaker PGM prices, and industry challenges. - Recently, it has moved sideways, indicating some stabilization but no clear upward trend yet. - PGM prices remain under pressure, which could limit near-term upside. Conclusion: Amplats remains a high-quality, but highly volatile commodity share. It is largely dependent on PGM prices, making it speculative. While long-term fundamentals remain strong, the current market conditions and price pressures make it risky in the short term. Investors should wait for a clear break above the downward trendline before considering an entry.
This is my Intraday analysis on EURUSD for 7 Feb 2025 W6 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Investors remain cautiously optimistic, balancing solid underlying economic data with persistent concerns over geopolitical tensions and trade disruptions. Federal Reserve Outlook: Market participants expect the Fed to maintain its cautious stance. Future monetary policy decisions will likely be data-dependent, especially as the central bank closely monitors inflation trends influenced by tariff-induced cost pressures. Global Impact: International markets are bracing for mixed outcomes. Trade tensions and the ripple effects from tariffs on major partners are expected to create uneven performance across regions, with Europe and Asia particularly in focus as they adjust to shifting supply chain dynamics. Below is an assessment of the potential impact of today's USA Non-Farm Payroll (NFP) report, given the prevailing market sentiment: Strong NFP Data: A robust jobs report is likely to bolster the U.S. dollar, as improved employment figures can reinforce expectations for a tighter monetary policy by the Federal Reserve. This outcome could increase investor confidence in the domestic economy; however, given existing trade tensions and geopolitical uncertainties, the upside for risk assets might be tempered by renewed concerns about inflationary pressures. Weak NFP Data: A disappointing jobs report may weaken the U.S. dollar, as softer employment data could lead to expectations of a more accommodative Fed policy in the near term. This scenario might trigger heightened market volatility, with investors shifting toward safe-haven assets like U.S. Treasuries and gold, reflecting an amplified risk-off sentiment. 4H Chart Analysis https://www.tradingview.com/x/HSjd9315/ 1️⃣ ?Swing Bullish ?INT Bearish ?Reached Swing Extreme Demand ?Swing Continuation 2️⃣ ?With the deep pullback to the Bullish Swing extreme discount and mitigating the 4H/Daily demand zones, price turned Bullish forming a Bullish CHoCH. ?The current Bullish move from Swing extreme discount to current price level having 2 scenarios: Scenario 1: Pullback for Bearish INT Structure and we would expect Bearish continuation to target the Weak INT Low which aligns with the Daily/Weekly Bearish Structure/Move. (Counter Swing – Pro Internal) Scenario 2: Bullish Swing continuation to target the Weak Swing High. (Pro Swing – Counter Internal) ?With Today NFP, news volatility will determine for me for next week a clear direction. 3️⃣ ?Expectations is set to Bearish to target the Weak INT Low. 15m Chart Analysis https://www.tradingview.com/x/mHpN0xDj/ 1️⃣ ?Swing Bearish ?INT Bearish ?Swing Continuation 2️⃣ ?Price reached the Weak Swing High (4H CHoCH) sweeping the liquidity and turning INT structure to bearish with iBOS. ?Technically on the 15m I’d expect price to continue bearish following the Bearish Swing and INT structures which aligns with the 4H Bearish INT Structure continuation to target the Weak INT Low. ?My concern is that the 4H Swing is Bullish, we mitigated the extreme discount and currently in the continuation to target the 4H Weak Swing High. ?I prefer to follow the 15m current bearish Structure till we align the 15m Swing with the 4H Swing. 3️⃣ ?Expectation is for price to continue Bearish targeting the 15m Weak Swing Low
Stable resting orders act as a magnet. Agressive market order breaking into liquidity indicates continuation especially if liquidity is added to opposing side (liquidity flip). Succesfull breakouts shows liquidity flip meaning S becomes R or vice versa in terms of liquidity. A healthy up trend shows consecutive HH and HL, when there is a high volume LL and low volume LH, this is a sign of reversal. (similar for down trend) Reversal hapens when in a swing failure pattern orderflow changes direction and more liquidity added closer and closer to the opposing side. Stair-step of big and agressive orders towards liquidity that is possibly stable and followed by agressive counter moves indicates spoofing and implies continuation in the direction of last moves (opposide side of the first agressive moves) In failed breakouts instead of large market orders ice bergs absorb the broken level and rotate the price, this might happen in stop hunts. Small but inhumanly consistent trading activity in the trend direction indicates continuation due to algorithms. Layering is defined as creating fake liquidity and pulling back, then reloading further in the trade direction. They passively stay and create magnets, but when it comes to absorbing momentum they step back. Flip of the Order Book !This is prohibited by CME! : When there is an established trading range, there is consistent liquidity on the boundaries possibly targeting the other end of the range. However, to slip the price into another trading range (not range expansion) they pull back their orders as the price approaches to the boundary and hit with the agressive market orders.
USD/JPY has reacted off the pivot which is a pullback support and could rise to the 1st resistance. Pivot: 151.05 1st Support: 149.52 1st Resistance: 153.24 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
The Best 3 Shocking Chart Patterns Using The Rocket Booster Strategy.. - Again am trying to get understand how to trade the options markets and let me tell you i have not had a good night's rest for the past 5 days! Trying to combine the rocket booster strategy with candle-sick patterns Honestly, i didn't think i would master options trading Because basically am a commodity trading expert Specializing in buying bitcoin As you venture into mastering options trading to increase your income you will find these top 3 candlestick patterns you should know about: -The 3 Outside Up -Bullish Engulfing -The Rising 3 Soldiers NYSE:GS Will more of them appear? not so But watch this space for another week Let me also share with you the rocket booster strategy which has 3 steps -The price has to be above the 50 Day moving average -The price has to be above the 200 Day moving average -The price has to gap up in a trend That last step is important because that's the step That will show you the candle stick pattern you may be looking for. To learn more Rocket Boost this content Disclaimer: Trading is risky please learn risk management and profit-taking strategies Also feel free to use a simulation trading account before you trade with real money
follow this set-up and get earn money ? just waiting
I'm going to bed since it is 00:30 here but I'm going to set a limit order with a less than my normal risk because I will be looking for my setup tomorrow during NY Unemployment Claims.
✅ EUR/JPY is forming a clear falling wedge pattern, signaling a potential bullish breakout. The price is expected to move upward toward the next resistance level. LONG ? ✅ Like and subscribe to never miss a new analysis! ✅
Yesterday, gold experienced a pullback, dropping to an intraday low of around 2835. However, the price quickly rebounded, and overnight, bulls regained control, pushing it back above 2860—a key confluence resistance level. This move suggests that the correction may be over. Looking ahead, the upcoming NFP data could drive further momentum, potentially leading to a new all-time high by the end of the week. From a broader perspective, the bullish outlook remains intact as long as yesterday’s low holds. A more significant correction would only come into play if we see a weekly close below this level.
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (TRXUSDT 1D chart) https://www.tradingview.com/x/N11RIItq/ The chart was broken due to the surge on December 3rd. - https://www.tradingview.com/x/DW8xgPfz/ The Fibonacci ratio 1.902 (0.2135) ~ 2 (0.2217), where the surge began, is an important support and resistance area. Also, the M-Signal indicator on the 1W chart is passing around 0.2209, showing the role of important support and resistance. If the price is maintained around the 5EMA+StErr indicator and rises above the MS-Signal indicator, there is a high possibility that it will turn into a short-term uptrend. However, since a high boundary zone is formed in the 0.2543-0.27 section, it is important to see whether this section can be broken upward. Therefore, if possible, I think it would be good to buy when the MS-Signal indicator approaches 0.2209 and shows support near 0.2209. The reason is that it plays the role of a trend reversal based on the MS-Signal (M-Signal on the 1D chart) indicator. In other words, it plays the role of support and resistance. - If it falls based on the Fibonacci ratio 1.902(0.2135) ~ 2(0.2217) section, 1st: Fibonacci ratio 1.618(0.1888) ~ 0.1967 2nd: 0.1567-0.1712 You need to check whether there is support near the 1st and 2nd sections above. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) https://www.tradingview.com/x/WBuhqVrT/ Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) https://www.tradingview.com/x/YtZx6YSG/ As you can see from the LOG chart, the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - https://www.tradingview.com/x/zTnWN2r7/ The Fibonacci ratio on the left is the Fibonacci ratio of the upward trend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the upward wave. The Fibonacci ratio on the right is the Fibonacci ratio of the upward trend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you to decide how to view and respond to this. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------