Markets, from a South Africa desk.
FX, commodities, indices, and the policy that moves them. Written by analysts who have actually traded the size, reviewed by compliance before publish. No vendor talking points.
Dalian futures down four sessions running. FSCA's last hold leaves the carry intact, but the pair tested 0.6480 overnight after softer Chinese steel-mill PMIs. We tracked spreads through the move.
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NVDA and MSFT both report this week. Implied vols well bid, skew flattens.
Cross down 60 pips overnight on Ueda's wage-growth comments. Watch the next big-figure level.
Industry submissions ahead. Likely outcome: leverage caps stay.
LME warehouse stocks at 12-month low. Goldman pulls forward $5.00 target.
No premium for the move means option desks see this as range-mid, not a trend break.
28 trades, 24 measured withdrawals, raw spread tracking. The full update.
NIM compression pencilled at 8bps. Watch the troubled-loan ratio.
Central bank buying remains the structural story. ETF flows turning, finally.