TreasuryONE Daily Market Report “Markets are treading water at the moment in the absence of any clarity on the trade deal. The Dollar DXY index is at 97.950 this morning with the Euro and Pound quoted at 1.1065 and 1.2917 respectively. The Rand is holding on to yesterday’s post interest rate decision at…
TreasuryONE Daily Market Report “The US Fed released their minutes of the Oct meeting where it cut rates and from this, it seems that their view going forward is neutral. They stated that they will continue to look at the data releases and if there aren’t significant changes in the economy, rates will remain…
TreasuryONE Daily Market Report “This morning finds markets in a tentative risk-off mood as overnight developments cast a shadow over relations between China and the US. The US Senate passed two bills supporting the Hong Kong protests and Donald Trump threatened to impose even more tariffs if China does not agree to a trade…
TreasuryONE Daily Market Report “The ZAR is trading back above 14.80 as markets once again turn sceptic over the US-China trade deal. With markets being as dull as dishwater at the moment, investors continue to look for anything material that could possibly turn the tide and set the direction for the next move. …
TreasuryONE Daily Market Report “Constructive discussions between China and the US on Saturday and a commitment to remain in close contact over the trade deal has seen markets react positively this morning. The Dollar DXY index is off last weeks highs at 98.136 and we see the Euro start the week higher at 1.1062…
TreasuryONE Daily Market Report “White House economic advisor Larry Kudlow’s comments that the US and China are nearing an interim trade pact appears to have soothed investor unease this morning. Asian stock markets are all in the green today on the trade optimism and despite Wall Street closing flat yesterday. The Dollar is trading…
Daily Market Report Today’s market commentary from Andre Botha, Senior Currency Dealer at TreasuryONE: “Markets continue to trade in narrow ranges in fairly lacklustre trade as a lack of progress on the trade deal front dampens investor optimism. The DXY Dollar index is marginally higher at 98.375 this morning after Federal Reserve Chairman…
Daily Market Report Today’s market commentary from Andre Botha, Senior Currency Dealer at TreasuryONE: The markets have been in limbo for the last couple of days but President Trump created some reaction last night. He commented that the US and China could be “close” to a “phase one” deal but also mentioned the…
Daily Market Report Today’s market commentary from Andre Botha, Senior Currency Dealer at TreasuryONE: “Markets are largely unchanged this morning with US markets being closed yesterday and with no fresh updates on the trade deal. Geopolitical tensions around the globe are further keeping investors on the sidelines. The Rand is at 14.9000 this…
Daily Market Report Today’s market commentary from Andre Botha, Senior Currency Dealer at TreasuryONE: “The Dollar remains on the front foot as signs of progress toward a partial trade deal eases economic concerns. The Dollar has climbed to 1.1025 against the Euro and 1.2795 against the Pound. EM currencies have also slipped against…