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Daily Market Commentary: 20 July 2018

Today we are taking a look at: Global risk trades poorly all day. Rates only choose to react after MPC with a bear flattening bias The rand remains on the back foot despite dollar weakness; majors broadly upbeat this morning Gold remains downbeat; Brent volatile as a result of various news – OPEC raises production [...]

By | 2018-07-20T09:05:31+00:00 July 20th, 2018|Markets and Research|0 Comments

Daily Market Commentary: 19 July 2018

Today we are taking a look at: SAGBs remain bid, but slightly more volatile intraday USDZAR strengthens overnight, local focus will be on the MPC this afternoon Gold price remains low after recent slump; Brent crude marginally higher as markets assess rising OPEC production and US stockpiles Global markets ended higher as sentiment improved on [...]

By | 2018-07-19T09:56:25+00:00 July 19th, 2018|Markets and Research|0 Comments

Daily Market Commentary: 18 July 2018

Today we are taking a look at: SAGB yields continue to rally, marginal foreign inflows seen this week USDZAR stalls as the dollar recovers Gold sharply lower as a result of a sharp rebound in the dollar after Powell comments; Brent range-bound Corporate earnings continue to impress and the Fed Chair testimonial lifts sentiment US [...]

By | 2018-07-18T09:03:53+00:00 July 18th, 2018|Markets and Research|0 Comments

Daily Market Commentary: 17 July 2018

Today we are taking a look at: SAGBs continue to lag the price action in the rand, although yields did rally somewhat through the course of the day Today’s focus on U.S data The gold price continues lower despite dollar weakness; Brent continues to fall as OPEC supplies more crude to Asia amid supply shortages [...]

By | 2018-07-17T12:07:36+00:00 July 17th, 2018|Markets and Research|0 Comments

Daily Market Commentary: 16 July 2018

Today we are taking a look at: A slow day in SA rates on Friday as SAGBs trade heavy, and show more propensity to weaken with the ZAR than strengthen Positive open for the rand this morning, dollar weakness supports majors Gold price continues to fall; Brent range-bound as markets await further developments regarding OPEC production and [...]

By | 2018-07-16T08:20:47+00:00 July 16th, 2018|Markets and Research|0 Comments