OPEC

Daily Market Commentary: 6 December 2019

By | 2019-12-06T08:38:35+02:00 December 6th, 2019|Uncategorized|

Today we are taking a look at: Fairly muted session going into the close with the curve still better offered, yields marginally higher Market focus today on US data Oil sputtered near $58 a barrel as the OPEC+ coalition failed to pin down the details of an agreement to adjust its official output target SA [...]

Daily Market Commentary: 5 December 2019

By | 2019-12-05T09:28:14+02:00 December 5th, 2019|Uncategorized|

Today we are taking a look at: SAGBs hold onto gains going into the close as risk trades well across the board with positive trade headlines but the hurdle to get something significant done before the Dec 15 tariffs is still high SAA placed into business rescue Oil prices edged lower in muted trading ahead [...]

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: 14 November 2019

By | 2019-11-14T08:42:03+02:00 November 14th, 2019|Markets and Research|

Today we are taking a look at: USDZAR again holds steady below 15.0000 Oil rose for a second day after an industry report pointed to a drop in U.S. inventories and OPEC said it sees potential for a “sharp” cut in crude production next year from countries outside the group Global equity markets traded lower [...]

Daily Market Commentary: 12 November 2019

By | 2019-11-12T13:23:45+02:00 November 12th, 2019|Markets and Research|

Today we are taking a look at: The rand holds steady in quiet markets Oil held losses as signs OPEC+ is unlikely to deepen output cuts added to concerns there will be a supply glut; Gold was steady as investors waited for clues from U.S. President Donald Trump on the status of trade talks with [...]

Daily Market Commentary: 7 November 2019

By | 2019-11-07T09:07:30+02:00 November 7th, 2019|Markets and Research|

Today we are taking a look at: US Treasuries rallied Wednesday, while the curve flattened following a strong 10Y auction which traded 1.1bp through the WI level Eskom headlines halt rand gains Oil held losses after snapping a three-day rally on signs of a stumble in the U.S-China trade dispute and indications the biggest OPEC+ [...]