Daily Market Commentary: 26 July 2018

Today we are taking a look at:

  • SAGBs bull steepen in line with stronger ZAR, yields lower across the curve
  • USDZAR continues to strengthen, buoyed by dollar weakness and positive sentiment from the BRICS summit, majors lifted this morning
  • Gold rallies as a result of a weaker dollar, Crude benefits from lower US crude stockpiles and China stimulus
  • Markets struggled to hold on to Tuesdays gains with concerns ahead of the meeting between The U.S. president and president of the European Commission
  • US new home sales declines sharply in June, we watch consumer sentiment and spending closely over the next few months

If you are looking for more relevant market commentary, have a look at our other Markets and Research.

By | 2020-06-22T11:43:09+02:00 July 26th, 2018|Markets and Research|0 Comments

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