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Daily Market Commentary: 29 September 2016

Today we are taking a look at: Longer term trend for durable goods remains a drag, Dollar index waits for the Fed's next move, Recovery in the underlying US economy is broadening but weak patches persist and may defer but not negate a Fed hike Rand falters around R13.40/$ yesterday, EURUSD drifts stronger as majors [...]

By | September 29th, 2016|Finance, General, Markets and Research|0 Comments

The strengthening Rand

Anecdotal evidence suggests that some of the recent strength in the Rand can be attributed to the SAB InBev deal. A transaction of this magnitude would require hedging over an extended period of time in order to ensure that it was not done in a disorderly manner, which could in turn upset the normal functioning of [...]

By | September 29th, 2016|General|0 Comments

Today we are taking a look at: Price action on Brent indicates upward move likely despite fundamentals, OPEC production at record and spare capacity concentrated among 'under-producers' as short term deal unlikely Rand gains in line with other EM FX, majors range bound, eyes on ABInBev transaction JSE tracked global markets lower, US stocks upbeat [...]

By | September 28th, 2016|Finance, General, Markets and Research|0 Comments

Daily Market Commentary: 27 September 2016

Today we are taking a look at: EM FX may have scope for further gains, Commodity FX basket remains within 2016 bull channel, gains in LMEX to test resistance Rand manages to hold onto gains, majors subdued and range bound JSE tracks global markets lower, US markets continued in the red, Asia mixed to positive [...]

By | September 27th, 2016|Finance, General|0 Comments