x

75% of people globally want unbiased news (Pew Research) but are concerned they're not getting that.

Get balanced coverage with Symby. See how stories are covered across diverse outlets and spot when one side covers a story the other skips.

PODCAST

Markets Update with TreasuryONE

Markets Update with TreasuryONE

Risk management covers a range of responsibilities that must be managed well in order to secure and maintain the proper level of liquidity, control the organisations’ assets, bring exposures in line with risk appetite and ensure efficient processes in a dynamic environment. TreasuryONE’s highly skilled market risk team has navigated the risk areas of foreign exchange, interest rate, and commodities for the last 23 years on behalf of our clients and is regarded as experts in the design,

news business news

All Episodes

00:01:07

Rand is ending the week on the front foot

Markets Update with TreasuryONE ·

2023/02/17

Rand is ending the week on the front foot After the week the Rand had, we have seen the Rand ending the week on the front foot. The Rand is under pressure from local factors and a stronger US dollar, and we did see the Rand reach R18.28 during trade today. The US dollar was within eye-sight of the 1.0600 level but has since retreated towards 1.0650, giving Rand a bit of respite. The fact that the US market is out of action next week Monday probably helped the move lower as market players are

en-za

00:01:44

Dollar climbs on hawkish Fed remarks

Markets Update with TreasuryONE ·

2023/02/16

Dollar climbs on hawkish Fed remarks The PPI data was decidedly unfriendly to the disinflationary narrative. It came out 0.7% month-on-month, up from -0.2% in December and ahead of forecasts of 0.4%, not only quite a bit higher than expected across all aggregates last month, but prior data was revised up as well. Treasury yields are rising fast after the Cleveland Fed's Loretta Mester said she saw a compelling case for a 50-bp rate hike at the February meeting. Mester also said the risk for

en-za

00:01:12

Strong US numbers continue

Markets Update with TreasuryONE ·

2023/02/15

Strong US numbers continue The list of US economic data that surprise to the topside continues, as Retail Sales for January print higher than expected. The market’s reaction on the back of the number was bullish for the dollar, with the greenback currently trading below 1.20 against the pound and at 1.0660 against the euro. The dollar index is touching the 1.04 mark for the first time since November 2022. Rand Update Locally there has not been much reaction with local data releases, with local

en-za

00:01:16

Risk off and Moody’s woes

Markets Update with TreasuryONE ·

2023/02/13

Risk off and Moody’s woes The rand tracked back above the R18.00 handle today, the first time since rumors emerged for the Phala Phala saga back in November. Continued risk-off sentiment, a stronger dollar, and a warning from Moody’s over their concern about the potential impact on GDP from load-shedding have been the catalyst for the rand’s performance today. Looking at other EM currencies, the inherent risk built into the rand over load-shedding does seem to be mostly priced in, with the rand

en-za

00:01:34

EM's under pressure

Markets Update with TreasuryONE ·

2023/02/10

EM's under pressure The Rand and its EM peers are under renewed pressure, with all EM currencies in the red for the day. The move in the US dollar today caused EM's to slide as the sentiment heading into the weekend turned decidedly negative. The US dollar is currently trading at 1.0693, breaking below the 1.0700 level and quite a move from the 1.0780's where we traded yesterday. The Rand punched through the R17.90 level very briefly but has since settled around the R17.85 mark. Markets will turn

en-za

00:01:22

Softer dollar boosts rand before SONA

Markets Update with TreasuryONE ·

2023/02/09

Softer dollar boosts rand before SONA The dollar has softened during the course of the day, with the rand trading back around the R17.65 handle at the moment. Our local currency looked shaky during the early morning hours after it opened just below the R17.80 mark, but a softer dollar led to the rand grinding lower ahead of tonight’s SONA address. The euro and pound are both 0.8% stronger for the day, currently trading at 1.0780 and 1.2185 against the dollar, respectively. Other markets US equities

en-za

00:01:20

Rand is on a slippery slope

Markets Update with TreasuryONE ·

2023/02/08

Rand is on a slippery slope The Rand rode a little bit of a rollercoaster in the last 24 hours, as the Rand dipped all the way to R17.45 during Fed Chair Powell's speech but soon popped back up to R17.60. Today the Rand started off the day around R17.50 but has since lost some ground and is currently trading at R17.80. Pinpointing the exact cause of the Rand weakness has been a bit difficult as we have seen EM selling off a bit, and we have a stronger US dollar, but it is still being determined why

en-za

00:01:19

Rand trading in a range

Markets Update with TreasuryONE ·

2023/02/07

Rand trading in a range There has been a fair amount of risk-premium built into the rand over the past few days, and After three straight sessions of rand selling, we look set to post a green day at the moment. The local currency traded in a relatively narrow 10-cent range for the day and looks intent to end the day close to the R17.60 handle. The dollar marches on The dollar has pushed forward against its major peers, trading 0.3% stronger against the euro and pound. We have Jerome Powell speaking

en-za

00:01:06

Risk-off still in evidence

Markets Update with TreasuryONE ·

2023/02/06

Risk-off still in evidence Today we have seen a bit of follow-through from Friday's risk-off sentiment as the Rand reacted to a stronger US dollar. The Rand started the day around the R17.45 level but has weakened past the crucial R17.50 level and is currently trading at R17.60 against the US dollar. Similarly, the US dollar has strengthened back to 1.0750 against the Euro, and it is not too long ago that the US dollar was trading at 1.0950. With a host of Fed speakers speaking this week, we expect

en-za

00:01:13

Jobs report surprise

Markets Update with TreasuryONE ·

2023/02/03

Jobs report surprise The US non-farm payroll data blew expectations out of the water, coming out at 517,000 jobs versus 188,000. It seems too good to be true and is, with the gain is primarily due to seasonal factors and revisions to past data. These revisions include updating the population controls – which would have the mechanical effect of boosting the labour force – and updating seasonal factors, which could distort the January non-farm payroll number. For example, the non-seasonally adjusted

en-za

00:01:59

Central Bank week providing volatility

Markets Update with TreasuryONE ·

2023/02/02

Central Bank week providing volatility Following the outcome of the FOMC last night, the ECB and BoE announced that they would raise rates according to the 50bps expectation. The market’s reaction is the interesting part in the fact that we see both the euro and pound trading down 0.50%. In recent weeks we have seen the dollar fall under pressure against the euro and pound, and the only logical explanation is that we are a reset after all central banks have played their cards. Rand and EM’s holding

en-za

00:01:27

Rand enjoys positive sentiment before Fed

Markets Update with TreasuryONE ·

2023/02/01

Rand enjoys positive sentiment before Fed The Rand has been on the front foot for most of the day as the local unit trades at R17.23 against the US dollar. Whether the move is a bit of positioning before the Fed remains to be seen, but the Fed is the main course this evening. We did see the US dollar a little bit weaker after the ADP number disappointed, which in turn only helped the Rands cause. The Euro was also trading stronger as Eurozone inflation rose by less than expected at 8.5% vs. the 8.9%

en-za

00:01:37

Market waiting for the Fed

Markets Update with TreasuryONE ·

2023/01/31

Market waiting for the Fed Much has been said about the market moving range-bound ahead of the FOMC outcome tomorrow evening, and today has been nothing different. The dollar is trading flat against the euro and pound, with EM's still tracking softer. The rand tested slightly below R17.50 before trading back toward this morning's opening levels. Our local currency continues to trade weaker than its peers, with the current levels being the weakest we have seen year to date, with some inherent

en-za

00:01:35

Week starts off being risk-off

Markets Update with TreasuryONE ·

2023/01/30

Week starts off being risk-off With the amount of economic data and events this week, we have seen the market being decidedly risk-off. We have seen US treasury yields higher as the market is trying to determine what might happen this week. This week we have the Fed with its interest rate decision and the ECB with its interest rate decision and to cap the week of the US non-farm payroll number. Each of these events has got the potential to cause some serious moves in the market depending on the tone

en-za

00:01:38

Markets range-bound ahead of Fed

Markets Update with TreasuryONE ·

2023/01/27

Markets range-bound ahead of Fed The rand has traded fairly range bound this week, even though the SARB surprised with a 25bps hike yesterday afternoon. We have traded sideways between the R17.05 to R17.30 range for most of the week, with the dollar tracking sideways against most of its peers. The dollar is ending the week slightly up against the euro and pound, with the market patiently waiting for the first FOMC meeting of 2023 next week. US Core PCE came out in line with expectations this

en-za

00:01:34

SARB surprises with 25bps interest rate hike

Markets Update with TreasuryONE ·

2023/01/26

SARB surprises with 25bps interest rate hike SARB has raised interest rates by 25bps, taking repo to 7.25% and prime rate to 10.75%. SARB has also drastically revised their growth for the economy down in 2023 to 0.3% from 1.2% previously, as load-shedding is severely hampering growth. A material reduction in load-shedding could raise the growth again. Inflation is to average 5.4% in 2023, so back within the target band of SARB but warns that there are still upside risks to the inflation outlook

en-za

00:01:34

Markets caught in pre-data malaise

Markets Update with TreasuryONE ·

2023/01/25

With data out of the US and the MPC of South Africas' meeting tomorrow, we have seen markets trading in a lacklustre manner. The Rand has traded in an 8-cent range for the day with little to no direction before tomorrow. The Rand is currently trading at R 17.20 and looking to stay there for the evening session. The prediction for tomorrow is split right down the middle in the market, with some market players calling a 25 basis point hike while others are sticking to the 50 basis point hike. We

en-za

00:01:24

Bit of excitement in the morning

Markets Update with TreasuryONE ·

2023/01/24

The Rand started around the R17.20 level this morning and weakened quite sharply to R17.30 in the morning trading session. Since the initial run-up, it has stayed relatively stable around the R17.30 level, as no noteworthy events happened in the market. Pinpointing the reason why the Rand lost ground so quickly this morning is unclear, but we did see most of the EM markets have the same knee-jerk, and we could only speculate that a fresh wave of recession talk has entered the market. For the most

en-za

00:01:32

Slow day in the currency space

Markets Update with TreasuryONE ·

2023/01/23

A slow day in the currency space, which saw most currencies tracking sideways. The dollar traded fairly range-bound against most of its peers, with the euro currently holding firm around the 1.0850 mark. The dollar gained 1% against the JPY as markets digest the minutes from last week’s Bank of Japan meeting. The rand has traded back to the R17.20 levels, with US Treasury Yields creeping higher during the afternoon. The rand remains stuck in a broader R16.80 to R17.40 range as we await this week’s

en-za

00:01:52

Looking forward to next week

Markets Update with TreasuryONE ·

2023/01/20

Rand is looking to close below R17.20 While the Rand looked under pressure in early morning trade with the local unit testing the R17.35 level. The Rand made an about-turn since hitting R17.35 and is currently trading at R17.20. The peculiar thing was that the Rand strengthened in the wake of a stronger US dollar, with the greenback currently trading at 1.0810. The belief is that there is a bit of profit-taking in the market, and the Rand has benefitted from it. Commodities are also on the back

en-za

168 results

Similar Podcasts

Expres Ráno

Expres FM

PBS News Hour - Full Show

PBS NewsHour

CD Voice

China Daily

Israel Today: Ongoing War Report

Noa Levi

Jeffrey Epstein: The Coverup Chronicles

Bobby Capucci