USD

Daily Market Commentary: 19 July 2019

By | 2019-07-19T08:12:27+00:00 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+00:00 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+00:00 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+00:00 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+00:00 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 [...]

Monthly Insights: March 2019

By | 2019-03-11T13:20:38+00:00 March 11th, 2019|Finance, General, Watch This|

  Executive Summary There has been a broad decline in inflation rates across the world, including a sharp downward surprise in our own (SA) inflation print for January. Lower energy prices, a decline in raw material and machinery costs, as well as falling demand-pull inflation have been key reasons for the falling inflation trajectory [...]