Rand

Daily Market Commentary – 20 June

By | 2019-06-20T11:31:24+00:00 June 20th, 2019|Markets and Research|

Today we are taking a look at: ·       The Fed out-doves the market and risk assets rally hard. SAGBs opening stronger, focus will be on the SONA tonight ·       The dollar is on the back foot after dovish Fed commentary, this takes the rand to the strongest level in two months ·       Oil rose as U.S. crude stockpiles [...]

Daily Market Commentary – 18 June

By | 2019-06-18T09:39:32+00:00 June 18th, 2019|Markets and Research|

Today we are taking a look at: SAGB yield curve trades well as ZAR recovers marginally, curve flattens on Friday FX markets focused on the Fed interest rate decision on Wednesday Oil held losses as OPEC and its allies continue to struggle to set a date to discuss an extension to supply cuts and as [...]

Daily Market Commentary: 3 June 2019

By | 2019-06-03T10:20:28+00:00 June 3rd, 2019|Markets and Research|

Today we are taking a look at: Risk off continues as the trade war persists, SAGB yield curve maintained marginal steepening bias The rand recovers some lost ground Oil extended declines as an increasingly aggressive U.S. trade policy fuelled fears the world could be heading for a significant economic slowdown Gold index gained 7.79% which [...]

Daily Market Commentary: 31 May 2019

By | 2019-05-31T09:21:44+00:00 May 31st, 2019|Markets and Research|

Today we are taking a look at: SAGB yields marginally higher, curve maintains steepening bias The rand firmly on the back foot again WTI Oil dropped to around $56 a barrel after Trump said the U.S. would impose tariffs on all Mexican goods, opening up a new front in the trade war and further damping [...]

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 [...]