MohammedNalla

About Mohammed Nalla

Mohammed currently heads the Global Markets and Treasury Strategic Research team at Nedbank Corporate and Investment Banking. As a regular market commentator and guest on numerous international television, print, radio and electronic media channels, Mohammed is an internationally recognised authority on economic issues in South Africa and beyond.

Daily Market Commentary: 29 March 2017

By | 2017-03-29T08:03:24+02:00 March 29th, 2017|Finance, General|

Today we are taking a look at: USDZAR weakens sharply, CDS spreads rise, and ZAR 3m risk reversal spikes as fears mount over Gordhan removal This morning the rand is currently trading at 13.0200, EURUZAR is trading at 14.0750 and GBPZAR at 16.1750. Top 40 rises 1.24%, led by rand hedges; US equities upbeat; Asian [...]

Daily Market Commentary: 28 March 2017

By | 2017-03-28T07:44:55+02:00 March 28th, 2017|Finance, General|

Today we are taking a look at: Interest Rate Barometer points to 73%  probability that interest rates will be left unchanged at the SARB MPC this week, market will watch for tonality signalling any rate cuts USDZAR 50-cents weaker as Zuma recalls Gordhan from investor road show; Global majors remain upbeat despite marginal dollar strength [...]

Interest Rate Barometer: 27 March 2017

By | 2017-03-27T15:58:22+02:00 March 27th, 2017|Finance, General, Markets and Research|

Executive Summary The interest rate barometer considers the factors influencing the decision of the SARB’s Monetary Policy Committee, as stated in the statement accompanying the previous meeting’s interest rate decision (24 January 2017) as well as developments since the previous meeting (which, in our view, could influence the MPC rate decision on 30 March 2017). [...]

Daily Market Commentary: 27 March 2017

By | 2017-03-27T07:52:08+02:00 March 27th, 2017|Finance, General|

Today we are taking a look at: US durable goods orders increase more than forecast, economic surprise index impacted by outliers, dollar index tests support Rand benefits on the back of weaker dollar, local focus on SARB this week, dollar continues to slide post healthcare bill vote in US, dollar remains oversold in short term [...]

Daily Market Commentary: 24 March 2017

By | 2017-03-24T09:17:13+02:00 March 24th, 2017|Finance, General|

Today we are taking a look at: ECB receives €233.5bn worth of bids for final TLTRO, ECB balance sheet approaches same scale as Fed, ECB policy tightening expectations start to build, Euro remains overbought but approaches resistance Rand tests R12.50/$, euro runs into resistance as dollar perks up intraday Top 40 closes marginally lower, US [...]