Analysis On Fixed Income, Fx & Equity Markets

Despite an announcement by the Chinese government that it may purchase up to US$3bn worth of base metals in an effort to support local smelters and build up reserves, base metals... 2008-12-03

We have been arguing that oil could head to US$35/bbl since September, and this outcome looks increasingly likely, with Brent crude now trading at US$46.85/bbl. Indeed, with the global... 2008-12-02

The general commodity complex continues to edge lower as bleak economic data confirms our long held, bearish view for equity and commodity weakness. Despite the strong bounce in the... 2008-12-01

The outlook for base metals such as three-month copper and aluminium is not constructive in our view. These two metals have fallen hard and fast in recent months and will be set for... 2008-11-28

For a while now, we have been arguing that supply side problems could pose a risk to our medium term bearish view of commodities, and this view seems to be playing out. Recently,... 2008-11-25

Commodity markets remain under considerable pressure, and we see no respite over the medium term. Global economic growth will continue to slow sharply in coming months - to a projected... 2008-11-21

Several months ago, we argued that agricultural commodities, and in particular softs, such as cocoa, sugar and coffee, would perform better than the remainder of the commodity complex.... 2008-11-20

Commodity markets continue to look weak from both a technical and fundamental perspective. With many commodity markets testing key support levels and the fundamental picture deteriorating... 2008-11-18

In line with tumbling share prices in international equity markets, the Johannesburg All-Share Index (JALSH) has continued its decline over the past few days, falling by about 2.5%... 2008-11-18

We expect further downside for commodity markets over the medium term as the global economy officially enters recessionary territory. Slower growth, combined with a stronger US dollar... 2008-11-14