USD

Daily Market Commentary: 16 October 2019

By | 2019-10-17T11:26:40+02:00 October 16th, 2019|Markets and Research|

Today we are taking a look at: Another lacklustre day in SA rates yesterday as the action remains in FX, yields marginally higher after the weekly auction Emerging markets retreat as the USD recovers Crude edged up in Asian trading as investors pinned hopes on a potential Brexit deal between Britain and the European Union [...]

Daily Market Commentary: 19 July 2019

By | 2019-07-19T08:12:27+02:00 July 19th, 2019|Markets and Research|

Today we are taking a look at: ·       SARB cut viewed as cautious by the market, yields decline nonetheless ·       USD on the back foot on Fed’s interest rate outlook ·       Oil snapped four days of losses after an American warship downed an Iranian drone near the Strait of Hormuz, stoking concerns crude flows from [...]

Daily Market Commentary: 8 July 2019

By | 2019-07-09T11:10:12+02:00 July 8th, 2019|Markets and Research|

Today we are taking a look at: ·       Risk-off fuels higher yields as Turkish central bank governor is removed and markets uncertain over a Fed cut ·       USD rebounds on the back of US data ·       Oil edged higher as rising tension in the Middle East kept investors wary, while expectations the U.S. and China can [...]

Daily Market Commentary: 24 April 2019

By | 2019-04-24T08:32:23+02:00 April 24th, 2019|Markets and Research|

Today we are taking a look at: SAGB curve steepens after local bond auction, yields higher, following ZAR move The USD firmly on the front foot across the board Oil pulled back from a six-month high, as an industry report signalling a gain in U.S. crude inventories partly offset concerns over America’s campaign to halt [...]

Daily Market Commentary: 11 April 2019

By | 2019-04-11T08:23:57+02:00 April 11th, 2019|Markets and Research|

Today we are taking a look at: Continued EM risk-on fuels demand for SAGBs with yields falling and further curve flattening into the 30y point USDZAR breaks below R14.00/USD due to dovish global central banks Oil struggled to extend gains beyond a five-month high as an increase in U.S. crude inventories to the highest since [...]

Daily Market Commentary: 18 March 2019

By | 2019-03-18T10:06:01+02:00 March 18th, 2019|Markets and Research|

Today we are taking a look at: SAGBs follow ZAR, yields decline on Friday, supported by USD weakness The rand holds steady despite ongoing woes at Eskom Oil retreated for a second session after Saudi said the job of balancing the market was “nowhere near complete.” Value traded jumped to R43.5bn due to index rebalancing activity with [...]