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Daily Market Commentary: 23 June 2017

Today we are taking a look at: Foreign investors purchase R87 million worth of SAGBs yesterday, both foreign and local interest was upbeat USDZAR falls back below R13.00/$, weaker dollar supports majors, yen bucks the trend as PMI disappoints Brent maintained the weak trend yesterday, the dollar remained upbeat, while gold eased slightly Top 40 [...]

By | 2017-06-23T08:49:15+00:00 June 23rd, 2017|Markets and Research|0 Comments

Daily Market Commentary: 22 June 2017

Today we are taking a look at: Foreign investors were small sellers yesterday, but more than offset by local buyers USDZAR pauses above R13/$ as markets await judgement over secret ballot; dollar weakens, supportive of majors Oil breaks below $45/bbl., but momentum indicators appear oversold, hence Brent may rebound in the near term, albeit marginally [...]

By | 2017-06-22T08:26:30+00:00 June 22nd, 2017|Markets and Research|0 Comments