Rand

Daily Market Commentary: 5 November 2019

By | 2019-11-05T08:55:52+02:00 November 5th, 2019|Uncategorized|

Today we are taking a look at: US Treasury yields rose over US morning due to positive trade sentiment out of Asia The rand continues to post gains Oil halted gains near a one-week high as investors weigh expectations for expanding American crude stockpiles against signs of progress in the prolonged U.S.-China trade dispute Renewed [...]

Daily Market Commentary: 29 October 2019

By | 2019-10-29T08:35:08+02:00 October 29th, 2019|Markets and Research|

Today we are taking a look at: SAGBs have a steepening bias but miss out on the risk rally yesterday; Large event risk starts today with the usual Tuesday auction at 11h00 local with the greenshoe covering both the Eskom White paper announcement later today and the MTBPS tomorrow The rand holds steady around 14.6000 [...]

Daily Market Commentary: 20 August 2019

By | 2019-08-20T10:54:53+02:00 August 20th, 2019|Markets and Research|

Today we are taking a look at: Risk assets trade better this morning on the back of signs of progress on trade negotiations, but the SA yield curve continues to reflect local fiscal risks with the curve steepening and yields higher across the long-end No sign of reprieve for the rand Oil held firm amid [...]

Daily Market Commentary: 16 August 2019

By | 2019-08-16T10:27:55+02:00 August 16th, 2019|Markets and Research|

Today we are taking a look at: SAGB moves remain very subdued again given what's occurring in global risk and the ZAR. Locals buy, offshore sells, and we steepen on continuing fiscal pressures despite the flattening in other curves The rand holds steady above 15.0000 Oil edged higher and is set for a weekly gain [...]

Daily Market Commentary: 15 August 2019

By | 2019-08-15T09:07:18+02:00 August 15th, 2019|Markets and Research|

Today we are taking a look at: Risk sentiment bounced slightly in Asia this morning as concern over a US recession prompts expectations for QE, SA yield curve marginally steeper yesterday The rand remains on the back foot and vulnerable Oil extended its decline as a second surprise gain in U.S. crude stockpiles added to [...]

Daily Market Commentary: 13 August 2019

By | 2019-08-13T10:28:08+02:00 August 13th, 2019|Markets and Research|

Today we are taking a look at: Risk appetite recovers this morning, with EM FX and SAGBs bid, yields lower this morning The rand recovers from its worst levels Oil prices slipped, offsetting narrow gains in the previous session, as sluggish demand forecasts countered expectations that major producers would prop up oil prices by limiting [...]