USDZAR

Daily Market Commentary: 17 July 2019

By | 2019-07-17T08:24:01+00:00 July 17th, 2019|Uncategorized|

Today we are taking a look at: ·       A touch of risk off as trade concerns resurface and ZAR takes a bit of a hit with SAGBs opening a little weaker ·       USDZAR holds steady ahead of the MPC ·       Oil held its biggest loss in two weeks as President Donald Trump’s threat of new [...]

Daily Market Commentary: 12 July 2019

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

Today we are taking a look at: ·       A bull steepener as a result of a highly dovish Fed, as local markets price in SARB rate cut ·       USDZAR holds steady sub 14.0000 ·       Oil headed for its biggest weekly gain in three weeks as simmering Middle East tensions, shrinking inventories and a storm in [...]

Daily Market Commentary: 11 July 2019

By | 2019-07-11T12:13:22+00:00 July 11th, 2019|Markets and Research|

Today we are taking a look at: SAGB yields sharply lower this morning as a result of dovish Powell and Fed minutes USDZAR breaches  sub-14.0000 Oil extended gains after closing at a seven-week high as around a third of the Gulf of Mexico’s crude output was cut before a potential hurricane and U.S. crude inventories [...]

Daily Market Commentary: 10 July 2019

By | 2019-07-10T08:23:45+00:00 July 10th, 2019|Markets and Research|

Today we are taking a look at: ·       SAGB rallies after local auction, with the belly of the curve being bid, longer end yields struggle amid deteriorating fiscal outlook ·       USDZAR holds steady ·       Oil jumped the most in a week as an industry report showing a continued draw-down in U.S. crude inventories tightened a [...]

Daily Market Commentary: 5 July 2019

By | 2019-07-10T09:28:07+00:00 July 5th, 2019|Markets and Research|

Today we are taking a look at: ·       Continued bull flattening of the SAGB yield curve as search for yield persists ·       USDZAR breaks below R14.00/$ temporarily, all eyes on the US data today ·       Oil is set for the biggest weekly decline since May as global demand concerns outweighed an OPEC+ pact to extend [...]