crude

Daily Market Commentary: 3 December 2019

By | 2019-12-03T09:23:05+02:00 December 3rd, 2019|Markets and Research|

Today we are taking a look at: SAGBs open stronger this morning, in line with the ZAR, markets will watch Q3 GDP data this morning USDZAR breaches sub-14.6000 Oil held gains as OPEC crude output dropped before the group and its allies meet this week to set the path for future production cuts Weak PMI [...]

Daily Market Commentary – 24 June

By | 2019-06-24T09:04:24+02:00 June 24th, 2019|Markets and Research|

Today we are taking a look at: • SAGB yield curve steepens after SONA, back-end yields sharply higher • USD trades on the back foot • Crude kept rising following its biggest weekly gain since late 2016 after Trump said he would impose “major additional sanctions” on Iran • The Top40 ended its trading day [...]

Daily Market Commentary: 25 April 2019

By | 2019-04-25T10:55:05+02:00 April 25th, 2019|Markets and Research|

Today we are taking a look at: SAGB curve steepens in the back-end due to the concentration of the issuance, yields also tracking weaker ZAR The Rand remains firmly on the back foot Oil extended losses below $66 a barrel after U.S. crude inventories rose more than expected, hampering a rally driven by the prospect [...]

Daily Market Commentary: 23 April 2019

By | 2019-04-23T08:54:11+02:00 April 23rd, 2019|Markets and Research|

Today we are taking a look at: Bull flattening of the SAGB curve continued towards the end of the week, particularly in the long end portion USDZAR trades on the back foot Oil extended gains after leaping to a six-month high after the U.S. said it will no longer give any buyer of Iranian crude [...]

Daily Market Commentary: 18 April 2019

By | 2019-04-18T09:00:04+02:00 April 18th, 2019|Markets and Research|

Today we are taking a look at: SAGB curve bull flatten back to auction levels in thin liquidity The rand holds steady at sub 14.0000 Oil held losses below $64 a barrel as government data showing U.S. crude stockpiles didn’t fall as much as anticipated eased concern about a global supply crunch The Top40 closed [...]

Daily Market Commentary: 17 April 2019

By | 2019-04-17T11:16:24+02:00 April 17th, 2019|Markets and Research|

Today we are taking a look at: SAGB yield curve rises as liquidity is thin in shorter week, eyes on CPI today Local focus today on the CPI release Oil rose toward a five-month high after an industry report signaled an unexpected drop in U.S. crude inventories last week, adding to the picture of a [...]