EM FX

Daily Market Commentary: 3 May 2019

By | 2019-05-03T09:02:32+02:00 May 3rd, 2019|Markets and Research|

Today we are taking a look at: Risk-off hampers EM FX, with ZAR above R14.50/$, bonds follow suit, with yields higher over the day Rand under pressure ahead of NFP data Oil headed for its first back-to-back weekly loss this year as swelling U.S. crude inventories and Russia’s failure to meet a targeted production cut [...]

Daily Market Commentary: 12 April 2019

By | 2019-04-12T08:35:54+02:00 April 12th, 2019|Markets and Research|

Today we are taking a look at: SAGB yields marginally higher as the ZAR weakens in line with EM FX, weighed by concerns over global growth This morning we are back around the 14.00 level after a quiet overnight session Oil is set for the longest weekly winning streak since 2016 as supply disruptions in [...]

Daily Market Commentary: 10 April 2019

By | 2019-04-10T08:20:57+02:00 April 10th, 2019|Markets and Research|

Today we are taking a look at: SAGBs trade well as EM FX supported by some global risk-on as markets await a trade deal between the US and China USDZAR strengthens in line with EM FX, focus today will be on the ECB meeting and FOMC minutes Oil edged higher as speculation that supplies will [...]

Daily Market Commentary: 28 March 2019

By | 2019-03-28T07:39:23+02:00 March 28th, 2019|Markets and Research|

Today we are taking a look at: Risk off at the margin yesterday, following ZAR and EM FX, SAGB yields rise consequently All eyes on the outcome of the MPC today Oil fell for a second day after an unexpected jump in U.S. crude stockpiles unnerved a market already anxious about faltering global demand Global [...]

Daily Market Commentary: 13 March 2019

By | 2019-03-13T09:55:41+02:00 March 13th, 2019|Markets and Research|

Today we are taking a look at: SAGBs takes the cue from EM FX, open weaker this morning on the back of risk-off Brexit vote rejected, EM and commodity-based currencies weaken overnight Crude rose for a third day after an industry report showed an unexpected drop in U.S. stockpiles. API data show U.S. crude inventories [...]

Daily Market Commentary: 29 November 2018

By | 2018-11-29T09:34:25+02:00 November 29th, 2018|Markets and Research|

Today we are taking a look at: Front-end yields reprices higher as market tones down expectations for a switch auction FX markets await FOMC minutes; Dollar sharply weaker after Powell speech; majors and EM FX upbeat Brent continues to struggle amid a supply glut; Gold sharply lower on strong dollar Global markets traded cautiously ahead [...]