Rand

Daily Market Commentary: 24 May 2019

By | 2019-05-24T09:53:12+00:00 May 24th, 2019|Markets and Research|

Today we are taking a look at: SAGB yield curve bull steepens as front end moves lower, prompted by dovish MPC The rand trades on the back foot Oil headed for its biggest weekly drop since December as the rapidly escalating trade war caused investors to reassess the outlook for global growth The JSE and [...]

Daily Market Commentary: 13 May 2019

By | 2019-05-13T10:08:42+00:00 May 13th, 2019|Markets and Research|

Today we are taking a look at: SAGB yield curve bull flattens, following the EMFX trend; trade tensions however, still hangs in the balance USDZAR posts steady gains after the elections Oil edged lower as fears the U.S. and China are headed for a full-blown trade war were partially offset by growing supply risks Banking [...]

Daily Market Commentary: 3 May 2019

By | 2019-05-03T09:02:32+00:00 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: 2 May 2019

By | 2019-05-02T09:12:17+00:00 May 2nd, 2019|Markets and Research|

Today we are taking a look at: SAGB curve steepens in the back-end as a result of greater supply, thin liquidity Rand trades weaker after neutral FOMC Oil extended losses after a bigger-than-expected jump in U.S. stockpiles overshadowed a deepening crisis in Venezuela and the prospect of OPEC and its allies extending their production cuts [...]

Daily Market Commentary: 26 April 2019

By | 2019-04-26T09:28:23+00:00 April 26th, 2019|Markets and Research|

Today we are taking a look at: SAGB curve steepens sharply on the back of ZAR weakness and local switch auction announcement The rand stages a minor recovery Oil headed for its longest weekly winning streak in almost four years on the prospect of a supply crunch The JSE and global markets trade lower, weighed [...]

Daily Market Commentary: 25 April 2019

By | 2019-04-25T10:55:05+00:00 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 [...]