Quotes by Michael Keenan

“Bonds are looking slightly overbought. Yields have come down a long way and its hard for them to push lower. We are seeing a bit of consolidation and wait for the Americans to return,”

“If the gold price can sustain its latest surge then I think the rand will enjoy a bit of short-covering into the weekend. I would be targeting the mid-teens, around 6.13/dollar.”

“A rise in global demand, the relatively low cost of capital and a weaker rand have all helped lift manufacturing.”

“What is remarkable about this growth is that it is coming off a high base.”

“Were targeting 6.20/dlr though that will be a tough level to break, but if it does it may target to 6.14/dlr.”

“If you look at the subcategories, you see a backlog in sales orders while inventory levels are down and purchasing commitments are up,”

“This says to me we could see some inventory replenishment in coming months. As a consequence, I think the manufacturing sector is still in an upswing phase.”

“We have seen strong buying of bonds this week by foreigners. The underlying tone for bonds is to buy into any weakness, which suggests that the market expects bond yields to keep firming in the coming months.”

“The dollar stopped firming, and combined with high metals prices this has been conducive to a stronger rand.”

“I think it was pretty neutral from a rand perspective but he did a paint pretty optimistic outlook for the rand.”