USDZAR

Daily Market Commentary: 6 May 2020

By | 2020-06-10T11:36:17+02:00 May 6th, 2020|Markets and Research|

Today we are taking a look at: A large bull steepening bias in SAGBs yesterday with both offshore and local buying, yields sharply lower, back-end follows the trend reluctantly so given dire fiscal trajectory USDZAR holds steady Oil halted its five-day rally; Spot gold steadied near $1,705 an ounce Global markets trade mostly higher as [...]

Daily Market Commentary: 30 April 2020

By | 2020-06-10T11:36:39+02:00 April 30th, 2020|Markets and Research|

Today we are taking a look at: Risk assets trade better yesterday, supporting SAGB yields with limited sign of WGBI-related outflows; S&P downgrades SA sovereign credit rating by one notch to BB- (stable) USDZAR stages remarkable recovery Oil advanced for a second day; Gold edged lower Gains in equity markets continued as easing COVID-19 fears, [...]

Daily Market Commentary: 12 March 2020

By | 2020-06-10T11:50:35+02:00 March 12th, 2020|Markets and Research|

Today we are taking a look at: Virus control measures continue to take a toll on markets and risk trades poorly post-the US close on European travel restrictions, SAGBs follow USDZAR weaker The rand retreats again Oil prices fell again on Thursday after the U.S. banned travel from Europe while Gold prices increased Equity markets [...]

Daily Market Commentary: 11 March 2020

By | 2020-06-10T11:50:43+02:00 March 11th, 2020|Markets and Research|

Today we are taking a look at: SAGBs recover in line with the USDZAR, with yields marginally lower across the curve, auction clears strongly but market focus remains on the macro outlook and central bank responses Local markets remain vulnerable as Eskom falters Oil prices climbed for a second day lifted by hopes that U.S. [...]

Daily Market Commentary: 5 February 2020

By | 2020-06-10T14:09:41+02:00 February 5th, 2020|Markets and Research|

Today we are taking a look at: Risk-on rally spurred by Chinese stimulus causes SAGBs to rally marginally, and sharp ZAR strength USDZAR holds steady despite Eskom Oil recovered from a one-year low to trade above $50 a barrel; gold and silver were steady Global markets are shaking off their coronavirus fears despite the number [...]

Daily Market Commentary: 4 February 2020

By | 2020-06-10T14:13:49+02:00 February 4th, 2020|Markets and Research|

Today we are taking a look at: Risk continues to trade better after the Chinese stimulus, benefiting EM FX, SAGB yields follow lower USDZAR recovers from weakness Oil traded back above $50 a barrel ahead of OPEC meeting today, gold and silver were steady, while base metals were mixed A rebound in the Chinese market [...]