EM FX

Daily Market Commentary: 5 May 2020

By | 2020-06-10T11:36:24+02:00 May 5th, 2020|Markets and Research|

Today we are taking a look at: SAGBs open stronger with risk as EM FX rallies overnight Tension between the US AND China remains elevated Oil was headed for the longest run of daily gains in more than nine months Higher Brent crude oil prices boosted equity markets this morning. SA Manufacturing PMI now at [...]

Daily Market Commentary: 14 April 2020

By | 2020-06-10T11:44:39+02:00 April 14th, 2020|Markets and Research|

Today we are taking a look at: SAGB yields continue to take its cue from global developments, with yields sharply lower before the long weekend, as EM FX  and risk traded better, markets await press briefing from finance minister The rand holds steady around the 18.0000 level Oil futures rose after easing on Monday; Gold [...]

Daily Market Commentary: 6 April 2020

By | 2020-06-10T11:45:05+02:00 April 6th, 2020|Markets and Research|

Today we are taking a look at: SAGBs open weaker in line with ZAR and EM FX, after Fitch downgrades SA's credit rating on Friday Rand breaches 19.0000 as fitch pulls the trigger Oil gave up some of last week’s rally; Gold declined as concerns eased over a supply squeeze, We will take our lead [...]

Daily Market Commentary: 11 February 2020

By | 2020-06-10T14:09:11+02:00 February 11th, 2020|Markets and Research|

Today we are taking a look at: EM FX trade on the back foot, SAGBs follow suit with the R2048 maintaining the steepening bias of the yield curve Global risk appetite improves overnight Oil prices bounced back from the lowest in more than a year; Gold steady Equity markets rebound from recent losses If [...]

Daily Market Commentary: 4 February 2020

By | 2020-06-10T14:13:49+02:00 February 4th, 2020|Markets and Research|

Today we are taking a look at: Risk continues to trade better after the Chinese stimulus, benefiting EM FX, SAGB yields follow lower USDZAR recovers from weakness Oil traded back above $50 a barrel ahead of OPEC meeting today, gold and silver were steady, while base metals were mixed A rebound in the Chinese market [...]

Daily Market Commentary: 6 January 2020

By | 2020-06-10T14:20:32+02:00 January 6th, 2020|Markets and Research|

Today we are taking a look at: Geopolitical tensions put EM risk assets on the back foot, with a weaker ZAR and higher bond yields since Friday USDZAR weaken by more than 30-cents as US-Iranian tensions escalate towards the tail-end of the week, EM FX remains fragile, USDZAR the worst performer in the past week [...]