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SA FX: Headache For The Rand: Stronger US Dollar

Executive Summary ·        The stronger US dollar has rung alarm bells in financial markets – the US Dollar has gained 5% since mid-February 2018 as the US Federal Reserve reverses quantitative easing and signals a series of staccato rate rises. The dramatic comeback in the US dollar has led to a slump in emerging market currencies, with [...]

By | 2018-05-21T14:57:16+00:00 May 21st, 2018|Markets and Research|0 Comments

Daily Market Commentary: 21 May 2018

Today we are taking a look at: Global risk-off continues to set the tone for local markets, SAGB yields marginally higher this morning Rand remains vulnerable due to various factors which may cause some volatility during the course of the week Gold and oil prices downbeat as a result of a strong dollar The JSE [...]

By | 2018-05-21T08:49:05+00:00 May 21st, 2018|Markets and Research|0 Comments

Daily Market Commentary: 18 May 2018

Today we are taking a look at: Offshore investors continue to de-risk, resulting in higher SAGB yields yesterday The dollar remains resilient, global majors weaken, EM FX remain under pressure Gold continues to edge lower; Oil remains close to $80/bbl. level The JSE ends lower, with banks and telecoms weighing.  The FTSE 100 closed at [...]

By | 2018-05-18T08:22:56+00:00 May 18th, 2018|Markets and Research|0 Comments

Daily Market Commentary: 17 May 2018

Today we are taking a look at: SAGB yields marginally lower, driven by local buying The rand stages a recovery Dollar remains strong despite easing marginally overnight, keeping the gold price low; oil continues to rise just shy of the $80/bbl. mark this morning Markets advanced taking their cue from positive company earnings which buoyed [...]

By | 2018-05-17T08:23:19+00:00 May 17th, 2018|Markets and Research|0 Comments

Daily Market Commentary: 16 May 2018

Today we are taking a look at: Foreign selling persists in the local bond market, yields continue to rise The rebound in the dollar weighs on the rand and EM FX, majors weaker this morning Commodity prices come under pressure as a result of a stronger dollar, oil remains elevated despite a marginal pull-back US [...]

By | 2018-05-16T08:18:59+00:00 May 16th, 2018|Markets and Research|0 Comments

Daily Market Commentary: 15 May 2018

Today we are taking a look at: US 10y breaches the 3% level again and the rand is marginally weaker which may weigh on sentiment towards SAGBs Dollar strengthens on geopolitical tensions, weighing on the rand and global majors Gold price loses ground as a result of overnight dollar strength; Oil price marginally higher The [...]

By | 2018-05-15T08:32:59+00:00 May 15th, 2018|Markets and Research|0 Comments