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Daily Market Commentary: 26 May 2017

Today we are taking a look at: SARB marginally dovish as CPI and growth forecasts cut, indicates the possibility of cuts if inflation continues to surprise to the downside USDZAR cautious ahead of the weekend, dollar rebounds marginally overnight Weaker oil prices weigh on global markets, while US markets close at new record highs UK [...]

By | 2017-05-26T07:49:32+00:00 May 26th, 2017|Markets and Research|0 Comments

Daily Market Commentary: 25 May 2017

Today we are taking a look at: SA CPI eases sharply as food, transport and miscellaneous prices ease, most subcomponents seen disinflating USDZAR continues to post gains ahead of the MPC, dollar eases overnight Top40 snaps a 5 day winning streak and closed down -0.5%. European markets were mixed. Dollar and US bonds slip after [...]

By | 2017-05-25T07:52:04+00:00 May 25th, 2017|Markets and Research|0 Comments

Daily Market Commentary: 24 May 2017

Today we are taking a look at: Political noise causes intraday market volatility, Finance Minister Gigaba tries to appease ratings agencies in Budget vote address in Parliament This morning the rand is currently trading at 13.1350, EURZAR is trading at 14.6850 and GBPZAR at 17.0440. Top40 closes flat while global markets post modest gains. UK [...]

By | 2017-05-24T08:26:48+00:00 May 24th, 2017|Markets and Research|0 Comments