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.
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.
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.
coming growth high remarkable
What is remarkable about this growth is that it is coming off a high base.
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.
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,
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.
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.
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.
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 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.
africa environment foreign hardly interest low offers rate relatively south value
In the low interest rate environment globally, where there is hardly any yield, South Africa still offers value to foreign investors, with relatively low risk.
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.
inventory levels orders purchasing sales
If you look at the subcategories, you see a backlog in sales orders while inventory levels are down and purchasing commitments are up,