Daily Market Commentary Flash Note – 17 September 2020

By | 2020-09-17T09:23:01+02:00 September 17th, 2020|Markets and Research|

Currencies Rand loses ground on the Fed’s outlook. Commodities Oil edged below $40 a barrel with a stronger dollar after the biggest surge since June following a surprise drop in US crude stockpiles. Equities S&P futures trading -2% from our close, and DXY trading higher at 93.50. Tencent -1.8%, while commodities all lower: oil -1.5% [...]

Daily Market Commentary Flash Note – 16 September 2020

By | 2020-09-16T09:19:00+02:00 September 16th, 2020|Markets and Research|

Currencies USDZAR trades steadily firmer. Commodities Oil prices rose; Gold steadied as investors await the outcome of the Federal Reserve meeting. Equities Global stocks consolidate into a busy latter half of the week with the FED tonight, SARB and Futures closeout tomorrow and both US Quadruple witching and FTSE rebalance on Friday.   Nedbank CIB [...]

Daily Market Commentary Flash Note 11 June 2020

By | 2020-06-22T10:02:00+02:00 June 11th, 2020|Markets and Research|

Fixed Income SAGB yields marginally lower ahead of Fed last night; dovish Fed supports US treasury yields as it reiterates persistent stimulus measures and near-zero interest rates. Currencies Fed holds steady. Commodities Oil prices fell in early trade on Thursday; spot gold edged lower. Equities Equity markets remained under pressure as more reports on the [...]

Daily Market Commentary: 13 March 2020

By | 2020-06-10T11:50:28+02:00 March 13th, 2020|Markets and Research|

Today we are taking a look at: USTs gave up a heavy portion of gains despite the Fed announcing a massive series of $500 billion term repo operations, all assets are under significant pressure and recessions are imminent in our view; SAGB yields almost 50bps higher across the curve yesterday Rand price action extreme as [...]

Daily Market Commentary: 2 August 2019

By | 2020-06-22T10:43:54+02:00 August 2nd, 2019|Markets and Research|

Today we are taking a look at: Bear curve flattening as front-end yields tick higher, markets digest Fed and BOE communication Trump trade war provides the catalyst for USD strength Oil is set for a weekly loss after the steepest one-day drop in more than four years as Trump abruptly escalated the trade war with [...]

Daily Market Commentary: 1 August 2019

By | 2020-06-22T10:44:02+02:00 August 1st, 2019|Markets and Research|

Today we are taking a look at: Bear curve flattener as the market was disappointed by the Fed Fed cuts but statement on outlook disappoints Oil retreated from a two-week high as the Federal Reserve dimmed hopes for more U.S. interest rate cuts, countering a seventh weekly decline in American crude stockpiles Global markets trade [...]