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    Financial market commentary and advisory services

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    Bespoke financial market indices and analytics

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Clarity

EM Risk Radar: Feb 2021 SA
Published on 11 Feb 2021 at 12:12

EM Viewpoint: LATAM Central Bank Monitor - Dec 2020
Published on 11 Dec 2020 at 15:21

EM Viewpoint: COVID vs Fiscal Collapse - Oct 2020 SA
Published on 30 Oct 2020 at 13:54

EM Carry Trade Monitor - Oct 2020
Published on 16 Oct 2020 at 14:41

Libor Transition Update - Sept 2020 SA
Published on 29 Sep 2020 at 14:04

Global viewpoint: China in context SA
Published on 11 Sep 2020 at 12:45

EM FX TOOLS: MXN Resilience Assessment - Sept 2020
Published on 10 Sep 2020 at 10:44

EM Fiscal Risk Comparison - July 2020 SA
Published on 3 Aug 2020 at 15:38

Latam Bond Beta Risk Monitor - June 2020 SA
Published on 19 Jun 2020 at 10:11

EM Bond Beta Risk Monitor - May 2020 Update
Published on 25 May 2020 at 14:25

ETM Africa Viewpoint - GHS Fiscal Resilience
Published on 14 May 2020 at 14:36

EM FX TOOLS: RUBZAR comparison / correlation potential with oil - April 2020 SA
Published on 23 Apr 2020 at 12:04

EM TOOLS: Central Banks react to COVID-19
Published on 13 Mar 2020 at 11:38

EM Carry Trade Monitor - Feb 2020
Published on 19 Feb 2020 at 10:34

EM FX TOOLS: TRY Resilience Assessment - December 2019
Published on 11 Dec 2019 at 07:41

EM TOOLS: DM Fixed Income Snapshot | November 2019 SA
Published on 19 Nov 2019 at 15:38

EM FX TOOLS: RUB Resilience Assessment - Nov 2019
Published on 6 Nov 2019 at 15:28

EM FX TOOLS: ZAR Resilience Assessment - October 2019
Published on 22 Oct 2019 at 10:22

EM TOOLS | MXN Resilience assessment | October 2019
Published on 14 Oct 2019 at 11:29

EM FX TOOLS: BRL Resilience Assessment - September 2019
Published on 27 Sep 2019 at 12:26

EM Bond Beta Risk Monitor - August Update
Published on 16 Sep 2019 at 13:58

EM Volatility Digest: Risks mount as Business Cycle Matures
Published on 16 Sep 2019 at 13:51

EM Carry Trade Monitor - August
Published on 15 Sep 2019 at 10:05

EM Fundamental Comparision - July
Published on 15 Sep 2019 at 09:09

EM FX Monitor - July
Published on 14 Sep 2019 at 10:13

EM Risk Radar - June
Published on 14 Sep 2019 at 07:36

EM Monetary Prudence Comparison
Published on 14 Sep 2019 at 06:39

Intraday Comments

ZA Data Watch - January Budget Balance SA
Published on 26 Feb 2021 at 15:08

ZA DATA - January Trade Balance SA
Published on 26 Feb 2021 at 14:31

Global Equity Update | Stocks slump as global yield spike saps risk appetite SA
Published on 26 Feb 2021 at 09:08

Global FX Update | USD bulls in control buoyed by rising UST yields and waning risk appetite SA
Published on 26 Feb 2021 at 09:02

Oil set to record a fourth consecutive monthly gain SA
Published on 26 Feb 2021 at 08:53

ZA Data Watch - January M3 money supply and PSCE SA
Published on 26 Feb 2021 at 08:37

ZAR Insight: 26 February 2021 SA
Published on 26 Feb 2021 at 07:59

ZA Fixed Income: 26 February 2021 SA
Published on 26 Feb 2021 at 07:58

ZAR Technicals SA
Published on 26 Feb 2021 at 06:47

Precious and Base Metals Update SA
Published on 26 Feb 2021 at 06:22

GBP-ZAR nearing key resistance levels as sterling surges SA
Published on 25 Feb 2021 at 13:35

ZA Data - January PPI SA
Published on 25 Feb 2021 at 11:45

Global FX Update | USD under pressure amid improved risk appetite SA
Published on 25 Feb 2021 at 09:27

Global Equity Update | Asian stocks re-join reflation wave, supported by Powell's reassurance SA
Published on 25 Feb 2021 at 09:07

Oil continues to surge amid tightening market conditions SA
Published on 25 Feb 2021 at 08:45

ZA Fixed Income 25 February 2021 SA
Published on 25 Feb 2021 at 08:24

ZAR Insight: 25 February 2021 SA
Published on 25 Feb 2021 at 08:06

ZAR Technicals SA
Published on 25 Feb 2021 at 07:41

Precious and Base Metals Update SA
Published on 25 Feb 2021 at 06:42

Restraint in expenditure growth is required SA
Published on 24 Feb 2021 at 14:52

Borrowing costs for 2021-2022 is earmarked to fall SA
Published on 24 Feb 2021 at 14:38

SA Treasury projects R212.20bn revenue shortfall SA
Published on 24 Feb 2021 at 14:30

Many SOEs risk defaults partly owing to the impact of the pandemic and associated lockdowns SA
Published on 24 Feb 2021 at 14:24

Treasury sees a primary budget surplus in 2024-25, a year earlier than it previously forecast
Published on 24 Feb 2021 at 14:22

SA government sets aside R19.3bn to fund Covid-19 vaccines SA
Published on 24 Feb 2021 at 14:21

Treasury backtracks on planned tax increases and instead switches its focus to reigniting the crippl SA
Published on 24 Feb 2021 at 14:18

Total debt is estimated at 88.9% of GDP in 2025-26 from 95.3% estimated in October SA
Published on 24 Feb 2021 at 14:11

SA scraps plan to raise R40bn extra in taxes SA
Published on 24 Feb 2021 at 14:04

SAGB yield curve bull flattening ahead of the budget SA
Published on 24 Feb 2021 at 11:51

Payer interest prevalent along FRA curve amid reflation expectations SA
Published on 24 Feb 2021 at 11:29

Viewpoints

FX Service | Weekly CFTC SA
Published on 25 Feb 2021 at 15:46

SA Budget 2021 Review SA
Published on 24 Feb 2021 at 18:10

SA Budget 2021 Preview SA
Published on 22 Feb 2021 at 15:58

FX Service | Weekly CFTC SA
Published on 18 Feb 2021 at 15:08

FX Service | Quarterly ZAR Risk Report SA
Published on 12 Feb 2021 at 15:25

FX Service | Monthly Dashboard: Jan 2021 SA
Published on 5 Feb 2021 at 15:02

FX Service | Weekly CFTC SA
Published on 4 Feb 2021 at 15:08

FX Service | Carry Trade Monitor: Jan 2021 SA
Published on 29 Jan 2021 at 16:23

FX Service | Weekly CFTC SA
Published on 28 Jan 2021 at 15:19

FX Service | ZAR Sentiment: January 2021 SA
Published on 22 Jan 2021 at 13:18

SARB Preview: January 2021 SA
Published on 20 Jan 2021 at 16:57

FX Service | Valuation: Jan 2021 SA
Published on 15 Jan 2021 at 16:33

FX Service | Weekly CFTC SA
Published on 14 Jan 2021 at 14:16

FX Service | ZAR Sentiment: Dec 2020 SA
Published on 23 Dec 2020 at 13:45

FX Service | Carry Attractiveness SA
Published on 17 Dec 2020 at 14:49

Viewpoint - Outlook for oil still fragile despite vaccine rollout SA
Published on 15 Dec 2020 at 14:02

FX Service | Monthly Dashboard Update SA
Published on 10 Dec 2020 at 16:58

FX Service | Weekly CFTC SA
Published on 10 Dec 2020 at 16:19

FX Service | Weekly CFTC SA
Published on 3 Dec 2020 at 16:19

FX Service | Weekly CFTC SA
Published on 26 Nov 2020 at 16:00

FX Service | ZAR Sentiment Assessment: 25 Nov SA
Published on 25 Nov 2020 at 15:45

Viewpoint - Europe's Lockdown Stringency and Economic Fallout SA
Published on 24 Nov 2020 at 17:01

KES Resilience Tool: A quantitative assessment
Published on 20 Nov 2020 at 15:31

FX Service | Valuation: 19 Nov SA
Published on 19 Nov 2020 at 16:35

Podcast -JSE inward listing update, SA rates, and the US election | November 2020 SA
Published on 18 Nov 2020 at 14:27

FX Service | Weekly Techs USD-ZAR SA
Published on 16 Nov 2020 at 17:48

ETM Tech Report EUR-USD SA
Published on 16 Nov 2020 at 07:33

ETM Tech Report: DXY SA
Published on 14 Nov 2020 at 11:05

FX Service | Viewpoint: 13 Nov 2020 SA
Published on 13 Nov 2020 at 13:47

FX Service | Weekly CFTC SA
Published on 12 Nov 2020 at 15:16

Financial Markets

West/North Africa Weekly Report: 22 Feb - 05 Mar 2021
Published on 26 Feb 2021 at 17:42

ILB 26 February SA
Published on 26 Feb 2021 at 12:57

Visual round up - US Opening bell 26 February SA
Published on 26 Feb 2021 at 11:24

Africa Insight 26 February 2021
Published on 26 Feb 2021 at 08:04

Morning Insight 26 February 2021 SA
Published on 26 Feb 2021 at 08:02

Visual round up - US Opening bell 25 February SA
Published on 25 Feb 2021 at 12:04

Africa Insight 25 February 2021
Published on 25 Feb 2021 at 08:15

Morning Insight 25 February 2021 SA
Published on 25 Feb 2021 at 08:09

Visual round up - US Opening bell 24 February SA
Published on 24 Feb 2021 at 12:21

Morning Insight 24 February 2021 SA
Published on 24 Feb 2021 at 08:39

Africa Insight 24 February 2021
Published on 24 Feb 2021 at 08:10

East Africa Weekly: 22-26 February 2021
Published on 23 Feb 2021 at 15:49

Vanilla Auction: 23 February 2021 SA
Published on 23 Feb 2021 at 12:28

Visual round up - US Opening bell 23 February SA
Published on 23 Feb 2021 at 12:24

Morning Insight 23 February 2021 SA
Published on 23 Feb 2021 at 08:16

Africa Insight 23 February 2021
Published on 23 Feb 2021 at 08:06

Southern Africa Weekly Report: 22 February - 26 February SA
Published on 22 Feb 2021 at 13:29

Visual round up - US Opening bell 22 February SA
Published on 22 Feb 2021 at 12:01

Morning Insight 22 February 2021 SA
Published on 22 Feb 2021 at 07:57

Africa Insight 22 February 2021
Published on 22 Feb 2021 at 07:52

West/North Africa Weekly Report: 15 - 26 February 2021
Published on 19 Feb 2021 at 17:07

Visual round up - US Opening bell 19 February SA
Published on 19 Feb 2021 at 12:38

ILB 19 February SA
Published on 19 Feb 2021 at 12:35

African Insight 19 Feb 2021
Published on 19 Feb 2021 at 08:00

Morning Insight 19 February 2021 SA
Published on 19 Feb 2021 at 08:00

Visual round up - US Opening bell 18 February SA
Published on 18 Feb 2021 at 12:20

Morning Insight 18 February 2021 SA
Published on 18 Feb 2021 at 08:09

African Insight 18 Feb 2021
Published on 18 Feb 2021 at 07:41

Visual round up - US Opening bell 17 February SA
Published on 17 Feb 2021 at 12:14

Africa Insight 17 February 2021
Published on 17 Feb 2021 at 08:17

Economics

Economic Calendar: 01 - 05 Mar SA
Published on 26 Feb 2021 at 17:00

ZA Data Watch - January Budget Balance SA
Published on 26 Feb 2021 at 15:08

ZA DATA - January Trade Balance SA
Published on 26 Feb 2021 at 14:31

ZA Data Watch - January M3 money supply and PSCE SA
Published on 26 Feb 2021 at 08:37

ZA Data - January PPI SA
Published on 25 Feb 2021 at 11:45

ZA Data – Q4 Unemployment Rate SA
Published on 23 Feb 2021 at 12:09

ZA Data - Dec Leading indicator SA
Published on 23 Feb 2021 at 09:26

Economic Calendar: 22 - 26 Feb SA
Published on 19 Feb 2021 at 17:00

ZA Data Watch - December Retail Sales SA
Published on 17 Feb 2021 at 13:36

ZA DATA - January CPI SA
Published on 17 Feb 2021 at 10:22

Economic Calendar: 15 - 19 Feb SA
Published on 12 Feb 2021 at 17:00

ZA DATA - December Manufacturing Production SA
Published on 11 Feb 2021 at 13:26

ZA Data Watch - December Mining Production SA
Published on 11 Feb 2021 at 12:00

ZA Data - SACCI BCI Jan SA
Published on 10 Feb 2021 at 11:59

Economic Calendar: 08 - 12 Feb SA
Published on 5 Feb 2021 at 17:00

ZA Data - January Gross & net reserves SA
Published on 5 Feb 2021 at 08:15

ZA DATA - January Standard Bank PMI SA
Published on 3 Feb 2021 at 09:45

ZA Data Watch - January Vehicle Sales SA
Published on 1 Feb 2021 at 14:27

ZA Data Watch - January Absa Manufacturing PMI SA
Published on 1 Feb 2021 at 11:42

Economic Calendar: 01 - 05 Feb SA
Published on 29 Jan 2021 at 17:00

ZA Data Watch - December Trade Balance SA
Published on 29 Jan 2021 at 14:54

ZA Data - December budget balance SA
Published on 29 Jan 2021 at 14:29

ZA DATA - December M3 money supply & PSCE SA
Published on 29 Jan 2021 at 08:39

ZA Data Watch - December Producer Price Inflation SA
Published on 28 Jan 2021 at 12:12

ZA DATA - November SARB Leading Indicator SA
Published on 26 Jan 2021 at 10:44

Economic Calendar: 25 - 29 Jan SA
Published on 22 Jan 2021 at 17:00

ZA CB Review - 21 January 2021 SA
Published on 21 Jan 2021 at 17:03

ZA CB Watch - SARB keeps repo rate at 3.50% SA
Published on 21 Jan 2021 at 15:06

ZA Data Watch - November Retail Sales SA
Published on 21 Jan 2021 at 11:33

ZA Data - December CPI SA
Published on 20 Jan 2021 at 10:17

Quant Analytics

ZAR PPP-adjusted valuation SA
Published on 16 Feb 2021 at 15:34

ZAR Sentiment Indicator SA
Published on 9 Feb 2021 at 15:26

Carry Attractiveness Rankings SA
Published on 19 Jan 2021 at 12:25

ZAR Carry Attractiveness vs EM and DM averages SA
Published on 10 Dec 2020 at 17:42

ZAR Resilience Framework: Monetary Rectitude SA
Published on 23 Nov 2020 at 16:58

ZAR Headline Resilience SA
Published on 28 Oct 2020 at 09:58

ZAR Sentiment Indicator SA
Published on 22 Oct 2020 at 15:34

ZAR Resilience Framework: Monetary Rectitude SA
Published on 23 Sep 2020 at 14:41

ZAR Sentiment Indicator SA
Published on 18 Sep 2020 at 14:29

ZAR Sentiment Indicator SA
Published on 25 Aug 2020 at 15:26

ZAR Resilience Framework: Monetary Rectitude SA
Published on 17 Aug 2020 at 11:08

ZAR Sentiment Indicator SA
Published on 5 Aug 2020 at 08:41

ZAR PPP valuation SA
Published on 20 Jul 2020 at 14:06

ZAR Carry Attractiveness SA
Published on 14 Jul 2020 at 16:53

ZAR Sentiment Indicator SA
Published on 29 Jun 2020 at 12:56

ZAR Resilience Framework: Fiscal Risks SA
Published on 23 Jun 2020 at 15:35

ZAR Resilience Framework: Cross Section SA
Published on 12 Jun 2020 at 14:10

ZAR Resilience Framework: Fundamentals SA
Published on 9 Jun 2020 at 15:22

ZAR Sentiment Indicator SA
Published on 27 May 2020 at 15:47

ZAR Resilience Framework: Cross Section SA
Published on 13 May 2020 at 14:50

ZAR Sentiment Indicator SA
Published on 7 May 2020 at 16:58

ZAR Sentiment Indicator SA
Published on 14 Apr 2020 at 16:24

Carry attractiveness framework points to emerging ZAR value SA
Published on 6 Apr 2020 at 15:17

ZAR Sentiment Indicator SA
Published on 30 Mar 2020 at 15:32

ZAR Resilience Framework: Cross Section SA
Published on 16 Mar 2020 at 14:32

ZAR Sentiment Indicator SA
Published on 9 Mar 2020 at 15:29

ZAR Resilience Framework: Fiscal Risks SA
Published on 25 Feb 2020 at 14:01

ZAR Resilience Framework: Monetary Rectitude SA
Published on 20 Feb 2020 at 13:26

ZAR Resilience Framework: Subcomponent rankings SA
Published on 13 Feb 2020 at 14:09

ZAR Sentiment Indicator SA
Published on 10 Feb 2020 at 15:00