Rand

Daily Market Commentary: 29 July 2019

By | 2019-07-29T08:18:47+02:00 July 29th, 2019|Markets and Research|

Today we are taking a look at: ·       SAGB curve steepens on fiscal woes and credit rating downgrade concerns after Eskom bail-out ·       The rand loses ground on local factors ·       WTI traded near $56 a barrel as the U.K. deployed a warship to the Strait of Hormuz to help escort commercial ships. Futures eased [...]

Daily Market Commentary – 20 June

By | 2019-06-20T11:31:24+02:00 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+02:00 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+02:00 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+02:00 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 [...]