Fed

Daily Market Commentary: 2 August 2019

By | 2019-08-02T09:54:05+02:00 August 2nd, 2019|Markets and Research|

Today we are taking a look at: Bear curve flattening as front-end yields tick higher, markets digest Fed and BOE communication Trump trade war provides the catalyst for USD strength Oil is set for a weekly loss after the steepest one-day drop in more than four years as Trump abruptly escalated the trade war with [...]

Daily Market Commentary: 1 August 2019

By | 2019-08-01T13:23:51+02:00 August 1st, 2019|Markets and Research|

Today we are taking a look at: Bear curve flattener as the market was disappointed by the Fed Fed cuts but statement on outlook disappoints Oil retreated from a two-week high as the Federal Reserve dimmed hopes for more U.S. interest rate cuts, countering a seventh weekly decline in American crude stockpiles Global markets trade [...]

Daily Market Commentary: 31 July 2019

By | 2019-07-31T08:09:33+02:00 July 31st, 2019|Markets and Research|

Today we are taking a look at: ·       SAGB curve maintains steepening bias as fiscal woes fester after the Eskom results announcement ·       All eyes on the outcome of the FOMC tonight ·       Oil extended its longest rally in three weeks as lingering Iran tensions stoke concerns over the stability of Middle East energy flows, [...]

Daily Market Commentary: 22 July 2019

By | 2019-07-22T08:45:30+02:00 July 22nd, 2019|Markets and Research|

Today we are taking a look at: ·       President graft headlines causes some selling in SAGBs as steepening exacerbated by declines in front-end yields ·       Gold prices muted as the precious metal continues to ease from 2013 highs hit in the previous session ·       Local politics likely to weigh on the rand ·       Investors dial [...]

Daily Market Commentary: 19 July 2019

By | 2019-07-19T08:12:27+02:00 July 19th, 2019|Markets and Research|

Today we are taking a look at: ·       SARB cut viewed as cautious by the market, yields decline nonetheless ·       USD on the back foot on Fed’s interest rate outlook ·       Oil snapped four days of losses after an American warship downed an Iranian drone near the Strait of Hormuz, stoking concerns crude flows from [...]

Daily Market Commentary: 12 July 2019

By | 2019-07-12T08:27:19+02:00 July 12th, 2019|Markets and Research|

Today we are taking a look at: ·       A bull steepener as a result of a highly dovish Fed, as local markets price in SARB rate cut ·       USDZAR holds steady sub 14.0000 ·       Oil headed for its biggest weekly gain in three weeks as simmering Middle East tensions, shrinking inventories and a storm in [...]