Michael Keenan
Michael Keenan
Michael Fayat Keenan, Australian politician, was elected to the House of Representatives as member for the Division of Stirling, Western Australia for the Liberal Party of Australia at the 2004 federal election. Currently, Keenan is the Australian Minister for Justice...
ProfessionMusic Producer
Date of Birth10 April 1989
bit coming cycle data indication inflation insight interest local next peaked rate week
Next week is big. We've got a bit of data coming out on the local front, which will give an indication of where our inflation cycle peaked and as such more insight on the interest rate outlook.
bit bonds hard looking push seeing slightly wait yields
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,
ahead both busy data locally preferred range remain stuck week
We will remain stuck in a range ahead of a busy data week both locally and abroad. For the most part R6.06-6.14/$ is the preferred range.
coming growth high remarkable
What is remarkable about this growth is that it is coming off a high base.
bonds buying coming expects market seen strong tone underlying week yields
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.
level targeting though tough
We're targeting 6.20/dlr though that will be a tough level to break, but if it does it may target to 6.14/dlr.
buoyant decent domestic due economy expected likely low metal pressure prices propel remain sector stronger
Domestic consumption is likely to remain buoyant due to low inflation, but I think the manufacturing sector will remain under pressure due to the stronger rand. Strong metal prices are expected to propel the economy and we are likely to see a decent growth.
coming inventory says sector
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.
ahead although bank concerned consumer expected guys interest looking oil prices rates reserve stay widely
There's a lot of apprehension ahead of the (Reserve Bank's) MPC. Although it's widely expected interest rates will stay unchanged, guys will be looking to how at how the Reserve Bank is concerned about oil prices and consumer spending.
bulls causing drift fact inflation lock numbers oil prices rand slightly weaker worse
The weaker rand is causing some of the bulls to lock in profits. It could have been worse had it not been for the slightly better-than-expected inflation numbers and the fact that oil prices have started to drift lower.
neutral optimistic outlook paint perspective rand
I think it was pretty neutral from a rand perspective but he did a paint pretty optimistic outlook for the rand.
again commodity function metals precious rand renewed rise stuck
The rand is still stuck in a range, but with a firmer bias. This has been a function of the renewed rise in precious metals prices. The rand is once again making use of its commodity status.
bit enjoy gold latest price rand sustain targeting
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.
capital cost global helped lift low rand relatively rise weaker
A rise in global demand, the relatively low cost of capital and a weaker rand have all helped lift manufacturing.