MPC

Monthly Insights: December 2018

By | 2018-12-11T10:59:26+00:00 December 11th, 2018|Markets and Research, Watch This|

Executive Summary ·        After sounding increasingly hawkish since its September meeting, the US Fed has come to the realisation that it may need to reassess its policy tools, and its tightening strategy. While domestic macroeconomic data remain upbeat, cracks have started to emerge in the form of a slowdown in business capex spending, tighter global [...]

Daily Market Commentary: 21 November 2018

By | 2018-11-21T09:58:37+00:00 November 21st, 2018|Markets and Research|

Today we are taking a look at: SAGB yields continue to remain range-bound ahead of SARB MPC, weekly nominal bond auction sees better demand Rand remains range bound, as focus shifts to local data releases and MPC tomorrow Gold and oil price continues to move in opposite directions; Brent weighed by ample global supplies, while [...]

Monthly Insights: November 2018

By | 2018-11-09T10:44:14+00:00 November 9th, 2018|Markets and Research, Watch This|

    Executive Summary ·   SA’s real economy has presented mixed signals in the high-frequency prints we have seen thus far for Q3. Mining production is likely to represent a key drag on Q3 real GDP growth, while manufacturing production surged by 1.9% in the three months to August and likely contributed positively [...]

Daily Market Commentary: 20 September 2018

By | 2018-10-24T09:27:58+00:00 September 20th, 2018|Markets and Research|

Today we are taking a look at: SAGBs rally after lower CPI print; MPC this afternoon is the focus, FRA market pricing in 20% chance of a hike USDZAR supported by dollar weakness, markets await SARB interest rate decision today; global majors range-bound Weaker dollar props up commodity prices Trade concerns were pushed aside, and [...]

Daily Market Commentary: 19 September 2018

By | 2018-09-19T09:34:58+00:00 September 19th, 2018|Markets and Research|

Today we are taking a look at: SAGB yields lower but markets remain cautious ahead of MPC tomorrow USDZAR benefits from a subdued dollar; majors elevated; local markets await MPC decision tomorrow Subdued dollar lifts gold price; Brent elevated Markets traded mostly higher, despite trade war tensions increasing after the latest trade tariffs announced by [...]

Daily Market Commentary: 20 July 2018

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

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 [...]