Gold

Daily Market Commentary Flash Note – 19 October 2020

By | 2020-10-29T09:18:29+02:00 October 29th, 2020|Markets and Research|

Currencies Rand loses ground as the MTBPS disappoints. Commodities Oil held near a four-week low; Gold little changed. Equities US equity futures slide as concerns about rising coronavirus cases put a dampener on growth as vaccine trials stall.    Date Region Event Actual/Expected/Prior Implications 28/10 SA CPI 3.0%/3.0%/3.1% Headline inflation slowed to 3% in line [...]

Daily Market Commentary Flash Note – 26 October 2020

By | 2020-10-26T09:07:03+02:00 October 26th, 2020|Markets and Research|

Currencies Rand posts steady gains over the last week. Commodities Oil extended its slide to a second day; Gold eased to an over one-week low. Equities Busy week for global earnings… Facebook, Apple, BP, GE, Caterpillar; locally: FBR, ANH, AFT, SSW, IAP, GLN, IMP, MTN and MNK…miners’ quarterly sales updates.   Date Region Event Actual/Expected/Prior [...]

Daily Market Commentary Flash Note – 19 October 2020

By | 2020-10-19T09:56:55+02:00 October 19th, 2020|Markets and Research|

Currencies Rand holds steady around the 16.50 level. Commodities Oil was steady near $41; Gold steady. Equities A revived chance of a US stimulus deal before the November election does see risk assets bid this morning; Chinese GDP missed estimates but the underlying recovery is still intact.   Date Region Event Actual/Expected/Prior Implications 21/10 UK [...]

Daily Market Commentary Flash Note – 16 October 2020

By | 2020-10-16T08:37:33+02:00 October 16th, 2020|Markets and Research|

Currencies The rand on the back foot as risk aversion dominates. Commodities Oil headed for a modest weekly; Gold is steady in early Asian trade. Equities A big reversal in SA Inc. following Ramaphosa’s speech and banks bounced 3.2% odd from the day’s lows.   Date Region Event Actual/Expected/Prior Implications 16/10 EZ CPI --/-0.3%/-0.3% Lower [...]

Daily Market Commentary Flash Note – 12 October 2020

By | 2020-10-14T12:21:54+02:00 October 12th, 2020|Markets and Research|

Currencies Rand holds steady around the 16.5000 level. Commodities Oil dropped for a second; Gold held the biggest advance since mid-August. Equities Investors will monitor the yuan’s movements on Monday, after the PBoC announced a rule change that made it cheaper to short the yuan.    Date Region Event Actual/Expected/Prior Implications 12/10 SA Manufacturing Production [...]

Daily Market Commentary Flash Note – 6 October 2020

By | 2020-10-06T09:02:07+02:00 October 6th, 2020|Markets and Research|

Currencies A softer USD across the markets as risk sentiment boosted on US fiscal hopes. Commodities Oil was steady near $39 a barrel; Spot gold steady. Equities Risk appetite was also boosted as polls showed Joe Biden widening his lead over President Trump, reducing the prospect of a contested election.   Date Region Event Actual/Expected/Prior [...]