• Welcome to ETM Analytics

    A boutique financial market research and analysis house

  • ETM Services

    Financial market commentary and advisory services

  • Data analytics

    Bespoke financial market indices and analytics

  1. 1
  2. 2
  3. 3

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

Global Equity Update | European equities push ahead on ECB, US stocks gain on tech earnings SA
Published on 23 Jul 2021 at 08:58

Global FX Update |  USD bulls in charge following the ECB meeting SA
Published on 23 Jul 2021 at 08:30

ZAR Insight: 23 July 2021 SA
Published on 23 Jul 2021 at 08:11

ZA Fixed Income: 23 July 2021 SA
Published on 23 Jul 2021 at 08:09

Oil Update | Oil keeps rebounding but markets are jittery SA
Published on 23 Jul 2021 at 08:06

ZAR Technicals SA
Published on 23 Jul 2021 at 07:35

Precious and Base Metals Update SA
Published on 23 Jul 2021 at 06:41

ZA CB Review - 22 July 2021 SA
Published on 22 Jul 2021 at 16:39

ZA CB Watch – SARB leaves rates unchanged in unanimous vote SA
Published on 22 Jul 2021 at 15:14

SARB MPC Preview - Structural factors continue to point to limited reason for rate hikes SA
Published on 22 Jul 2021 at 10:54

Global Equity Update | Stocks rebound on earnings, European equity futures positive ahead of ECB SA
Published on 22 Jul 2021 at 08:48

Oil Update | Oil holds gains after yesterday's rebound SA
Published on 22 Jul 2021 at 08:14

Global FX Update |  USD slides amid improving risk appetite following a strong earnings report SA
Published on 22 Jul 2021 at 08:12

ZAR Insight: 22 July 2021 SA
Published on 22 Jul 2021 at 08:04

ZA Fixed Income: 22 July 2022 SA
Published on 22 Jul 2021 at 08:00

ZAR Technicals SA
Published on 22 Jul 2021 at 07:02

Precious and Base Metals Update SA
Published on 22 Jul 2021 at 06:32

USD-ZAR implied vol levels surge to a four-month high  SA
Published on 21 Jul 2021 at 11:54

ZA Data Watch - CPI June SA
Published on 21 Jul 2021 at 10:17

ZA Data Preview - CPI June SA
Published on 21 Jul 2021 at 09:32

Global Equity Update | Asian stocks pare gains as worries persist SA
Published on 21 Jul 2021 at 08:49

Global FX Update |  DXY breaches above the 93.00 handle SA
Published on 21 Jul 2021 at 08:22

Oil Update | Oil slides on delta concerns, build in US inventories SA
Published on 21 Jul 2021 at 08:12

ZAR Insight: 21 July 2021 SA
Published on 21 Jul 2021 at 07:55

ZA Fixed Income: 21 July 2021 SA
Published on 21 Jul 2021 at 07:53

ZAR Technicals SA
Published on 21 Jul 2021 at 07:11

Precious and Base Metals Update SA
Published on 21 Jul 2021 at 06:24

ZA Data – May SARB leading indicator SA
Published on 20 Jul 2021 at 09:36

Global Equity Update | Stabilising UST yields and rising futures point to a rebound SA
Published on 20 Jul 2021 at 08:47

Oil Update | Prices stabilise this morning after yesterday's sell-off SA
Published on 20 Jul 2021 at 08:11

Viewpoints

SARB MPC Preview - Structural factors continue to point to limited reason for rate hikes SA
Published on 22 Jul 2021 at 10:54

FX Service | Quarterly Risk Monitor SA
Published on 16 Jul 2021 at 14:11

FX Service | Weekly CFTC SA
Published on 15 Jul 2021 at 13:39

ETM Market Mover: US-EU monetary policy divergence SA
Published on 15 Jul 2021 at 11:18

FX Service | Monthly Roundup: Jul 2021 SA
Published on 9 Jul 2021 at 14:57

Market Mover | OPEC Breakdown SA
Published on 6 Jul 2021 at 16:06

FX Service | Weekly CFTC SA
Published on 1 Jul 2021 at 15:32

Viewpoint | Trading at the mercy of the Fed SA
Published on 29 Jun 2021 at 09:54

South Africa Monthly Investment Insight SA
Published on 28 Jun 2021 at 12:22

FX Service | Weekly CFTC SA
Published on 24 Jun 2021 at 13:35

SARB Rate Risk Outlook - 18 June 2021 SA
Published on 18 Jun 2021 at 13:08

FX Service | ZAR approaching fair value SA
Published on 15 Jun 2021 at 14:11

FX Service | Weekly CFTC SA
Published on 10 Jun 2021 at 15:53

FX Service: Monthly Roundup of Indicators SA
Published on 4 Jun 2021 at 16:15

FX Service | ZAR Fiscal Resilience Update SA
Published on 28 May 2021 at 13:19

FX Service | Weekly CFTC SA
Published on 27 May 2021 at 16:10

South African Reserve Bank Preview: SARB to support Rand resilience SA
Published on 20 May 2021 at 13:02

FX Service: ZAR Sentiment down in May SA
Published on 18 May 2021 at 16:15

FX Service | Weekly CFTC SA
Published on 13 May 2021 at 10:06

FX Service | Carry attractiveness update: 7 May 2021 SA
Published on 7 May 2021 at 15:58

FX Service | Valuation Viewpoint SA
Published on 30 Apr 2021 at 12:37

FX Service | Weekly CFTC SA
Published on 29 Apr 2021 at 13:40

FX Service | ZAR Quarterly Risk Report SA
Published on 23 Apr 2021 at 10:35

Viewpoint | Global Breakeven Rate Assessment SA
Published on 19 Apr 2021 at 13:50

FX Service | ZAR Sentiment Assessment: April 2021 SA
Published on 16 Apr 2021 at 16:32

FX Service | Weekly CFTC SA
Published on 15 Apr 2021 at 15:04

FX Service | Viewpoint: 09 Apr 21 SA
Published on 9 Apr 2021 at 16:07

FX Service | Weekly CFTC SA
Published on 8 Apr 2021 at 13:35

ZMW Outlook March 2021
Published on 31 Mar 2021 at 09:59

FX Service | Monthly Dashboard Update SA
Published on 26 Mar 2021 at 13:09

Financial Markets

West/North Africa Weekly Report: 19 - 30 July 2021
Published on 23 Jul 2021 at 14:22

ILB 23 July 2021 SA
Published on 23 Jul 2021 at 13:01

Visual round up - US Opening bell 23 July SA
Published on 23 Jul 2021 at 11:52

Morning Insight 23 July 2021 SA
Published on 23 Jul 2021 at 08:15

Africa Insight 23 July 2021
Published on 23 Jul 2021 at 07:57

Visual round up - US Opening bell 22 July SA
Published on 22 Jul 2021 at 12:04

Africa Insight 22 July 2021
Published on 22 Jul 2021 at 08:11

Morning Insight 22 July 2021 SA
Published on 22 Jul 2021 at 08:07

Visual round up - US Opening bell 21 July SA
Published on 21 Jul 2021 at 12:15

Morning Insight 21 July 2021 SA
Published on 21 Jul 2021 at 07:59

Africa Insight 21 July 2021
Published on 21 Jul 2021 at 07:58

East Africa Weekly: 19-23 July 2021
Published on 20 Jul 2021 at 16:37

Vanilla Auction: 20 July 2021 SA
Published on 20 Jul 2021 at 12:41

Visual round up - US Opening bell 20 July SA
Published on 20 Jul 2021 at 12:04

Morning Insight 20 July 2021 SA
Published on 20 Jul 2021 at 08:11

Africa Insight 20 July 2021
Published on 20 Jul 2021 at 08:01

Southern Africa Weekly Report: 19-23 July 2021 SA
Published on 19 Jul 2021 at 17:04

Visual round up - US Opening bell 19 July SA
Published on 19 Jul 2021 at 12:06

Morning Insight 19 July 2021 SA
Published on 19 Jul 2021 at 08:18

Africa Insight 19 July 2021
Published on 19 Jul 2021 at 08:01

ILB 16 July 2021 SA
Published on 16 Jul 2021 at 12:57

West/North Africa Weekly Report: 12 - 23 July 2021
Published on 16 Jul 2021 at 12:50

Visual round up - US Opening bell 16 July SA
Published on 16 Jul 2021 at 11:39

Morning Insight 16 July 2021 SA
Published on 16 Jul 2021 at 08:16

Africa Insight 16 July 2021
Published on 16 Jul 2021 at 07:47

Visual round up - US Opening bell 15 July SA
Published on 15 Jul 2021 at 12:00

Morning Insight 15 July 2021 SA
Published on 15 Jul 2021 at 08:02

Africa Insight 15 July 2021
Published on 15 Jul 2021 at 08:00

Visual round up - US Opening bell 14 July SA
Published on 14 Jul 2021 at 12:00

Morning Insight 14 July 2021 SA
Published on 14 Jul 2021 at 07:58

Economics

Economic Calendar: 26 - 30 July SA
Published on 23 Jul 2021 at 17:00

ZA CB Review - 22 July 2021 SA
Published on 22 Jul 2021 at 16:39

ZA CB Watch – SARB leaves rates unchanged in unanimous vote SA
Published on 22 Jul 2021 at 15:14

ZA Data Watch - CPI June SA
Published on 21 Jul 2021 at 10:17

ZA Data – May SARB leading indicator SA
Published on 20 Jul 2021 at 09:36

Economic Calendar: 19 - 23 July SA
Published on 16 Jul 2021 at 17:00

ZA Data – Retail sales growth accelerates for the second straight month   SA
Published on 14 Jul 2021 at 13:34

ZA Data Watch - May Mining production SA
Published on 13 Jul 2021 at 12:03

ZA Data - Manufacturing Production May SA
Published on 12 Jul 2021 at 13:14

Economic Calendar: 12 - 16 July SA
Published on 9 Jul 2021 at 17:00

ZA Data – June Gross and Net reserves SA
Published on 7 Jul 2021 at 08:25

ZA Data Watch - June Standard Bank PMI SA
Published on 5 Jul 2021 at 10:00

Economic Calendar: 05 - 09 July SA
Published on 2 Jul 2021 at 17:00

ZA Data Watch - June NAAMSA Vehicle Sales SA
Published on 1 Jul 2021 at 14:20

ZA Data - June Absa Manufacturing PMI SA
Published on 1 Jul 2021 at 11:19

ZA Data Watch - May Monthly Budget Balance SA
Published on 30 Jun 2021 at 14:43

ZA Data - Trade balance May SA
Published on 30 Jun 2021 at 14:13

ZA Data Watch - May M3 money supply and PSCE SA
Published on 30 Jun 2021 at 08:32

ZA Data Watch - Non-farm payrolls Q1 SA
Published on 29 Jun 2021 at 12:03

ZA Data - FNB/BER CCI Q2 SA
Published on 28 Jun 2021 at 10:35

Economic Calendar: 28 Jun - 02 Jul SA
Published on 25 Jun 2021 at 17:00

ZA Data - May PPI SA
Published on 24 Jun 2021 at 11:59

ZA DATA - May CPI SA
Published on 23 Jun 2021 at 10:20

ZA Data - April SARB Leading indicator SA
Published on 22 Jun 2021 at 09:17

Economic Calendar: 21 - 25 June SA
Published on 18 Jun 2021 at 17:00

ZA Data Watch - April Retail Sales SA
Published on 17 Jun 2021 at 14:00

Economic Calendar: 14 - 18 June SA
Published on 11 Jun 2021 at 17:00

ZA Data Watch - April Manufacturing Production SA
Published on 10 Jun 2021 at 13:32

ZA Data Watch- Mining production growth slows on m/m basis in April SA
Published on 10 Jun 2021 at 11:59

ZA Data Watch - Q1 Current Account Balance SA
Published on 10 Jun 2021 at 11:25

Quant Analytics

ZAR Sentiment Indicator SA
Published on 9 Jul 2021 at 16:33

ZAR Sentiment Indicator SA
Published on 21 Jun 2021 at 15:41

ZAR PPP-adjusted valuation SA
Published on 31 May 2021 at 16:02

Carry Attractiveness Rankings SA
Published on 11 May 2021 at 15:56

ZAR Sentiment Indicator SA
Published on 23 Apr 2021 at 13:09

Valuation vs Resilience cross section SA
Published on 26 Mar 2021 at 13:41

ZAR Headline Resilience SA
Published on 10 Mar 2021 at 15:51

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