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A boutique financial market research and analysis house
ETM Services

Financial market commentary and advisory services
Data analytics

Bespoke financial market indices and analytics

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Clarity

EM TOOLS: Central Banks react to COVID-19
Published on 13 Mar 2020 at 11:38

EM Carry Trade Monitor - Feb 2020
Published on 19 Feb 2020 at 10:34

EM FX TOOLS: TRY Resilience Assessment - December 2019
Published on 11 Dec 2019 at 07:41

EM TOOLS: DM Fixed Income Snapshot | November 2019 SA
Published on 19 Nov 2019 at 15:38

EM FX TOOLS: RUB Resilience Assessment - Nov 2019
Published on 6 Nov 2019 at 15:28

EM FX TOOLS: ZAR Resilience Assessment - October 2019
Published on 22 Oct 2019 at 10:22

EM TOOLS | MXN Resilience assessment | October 2019
Published on 14 Oct 2019 at 11:29

EM FX TOOLS: BRL Resilience Assessment - September 2019
Published on 27 Sep 2019 at 12:26

EM Bond Beta Risk Monitor - August Update
Published on 16 Sep 2019 at 13:58

EM Volatility Digest: Risks mount as Business Cycle Matures
Published on 16 Sep 2019 at 13:51

EM Carry Trade Monitor - August
Published on 15 Sep 2019 at 10:05

EM Fundamental Comparision - July
Published on 15 Sep 2019 at 09:09

EM FX Monitor - July
Published on 14 Sep 2019 at 10:13

EM Risk Radar - June
Published on 14 Sep 2019 at 07:36

EM Monetary Prudence Comparison
Published on 14 Sep 2019 at 06:39

Intraday Comments

SAGBs recover from early morning sell-off SA
Published on 30 Mar 2020 at 12:42

ZAR speculators now net bearish SA
Published on 30 Mar 2020 at 10:29

Global FX Update | USD snaps 5-day losing streak SA
Published on 30 Mar 2020 at 09:07

Global Equity Update | Risk-aversion remains entrenched at the start of the new week SA
Published on 30 Mar 2020 at 09:01

Oil prices slump to a 17-year low as demand-supply shock worsens SA
Published on 30 Mar 2020 at 08:54

ZA Data Watch - February Money Supply and PSCE SA
Published on 30 Mar 2020 at 08:48

G4 Morning Commentary SA
Published on 30 Mar 2020 at 08:33

ZAR Insight: 30 March 2020 SA
Published on 30 Mar 2020 at 08:14

ZA Fixed Income 30 March 2020 SA
Published on 30 Mar 2020 at 08:06

Precious and Base Metals Update SA
Published on 30 Mar 2020 at 07:01

ZAR Technicals SA
Published on 30 Mar 2020 at 06:57

ZA Data Watch - Feb budget surplus lowest since GFC SA
Published on 27 Mar 2020 at 16:01

EMEA Midday Snapshot SA
Published on 27 Mar 2020 at 13:31

US Data Preview -US Michigan sentiment SA
Published on 27 Mar 2020 at 11:59

US Data Preview - PCE core deflator SA
Published on 27 Mar 2020 at 11:30

ZAR the focal point in the EM bucket today SA
Published on 27 Mar 2020 at 10:42

Auction levels set to ramp up after lockdown SA
Published on 27 Mar 2020 at 09:24

Moody's decision time SA
Published on 27 Mar 2020 at 09:01

Global FX Update | USD extends its decline this morning SA
Published on 27 Mar 2020 at 09:00

Global Equity Update | Asian equities trading in the green SA
Published on 27 Mar 2020 at 08:53

G4 Morning Commentary SA
Published on 27 Mar 2020 at 08:15

ZAR Insight: 27 March 2020 SA
Published on 27 Mar 2020 at 08:12

ZA Fixed income: 27 March 2020 SA
Published on 27 Mar 2020 at 07:30

ZAR Technicals SA
Published on 27 Mar 2020 at 07:08

Precious and Base Metals Update SA
Published on 27 Mar 2020 at 06:47

US jobless claims hit all-time high as virus takes its toll SA
Published on 26 Mar 2020 at 14:41

Foreigners still rotating out of the bond market SA
Published on 26 Mar 2020 at 13:44

EMEA Midday Snapshot SA
Published on 26 Mar 2020 at 13:30

ZA Data Watch - PPI growth slows in February SA
Published on 26 Mar 2020 at 12:25

Risk off returns SA
Published on 26 Mar 2020 at 10:54

Viewpoints

FX Service | Weekly Techs USD-ZAR SA
Published on 30 Mar 2020 at 17:45

FX Service | Viewpoint: 30 Mar 2020 SA
Published on 30 Mar 2020 at 16:21

ETM Tech Report: DXY SA
Published on 28 Mar 2020 at 11:35

FX Service | ZAR valuation: Mar 2020 SA
Published on 27 Mar 2020 at 16:07

FX Service | Weekly CFTC SA
Published on 26 Mar 2020 at 16:00

Moody's Preview - March SA
Published on 26 Mar 2020 at 09:21

ETM Tech Report EUR-USD SA
Published on 24 Mar 2020 at 08:13

FX Service | Weekly Techs USD-ZAR SA
Published on 23 Mar 2020 at 18:06

ETM Tech Report: DXY SA
Published on 21 Mar 2020 at 08:58

FX Service: ZAR Sentiment : 20 March 2020 SA
Published on 20 Mar 2020 at 15:17

FX Service | Weekly CFTC SA
Published on 19 Mar 2020 at 10:24

SARB MPC Preview March SA
Published on 17 Mar 2020 at 16:38

ETM Tech Report EUR-USD SA
Published on 17 Mar 2020 at 09:05

FX Service | Weekly Techs USD-ZAR SA
Published on 16 Mar 2020 at 17:58

SSA Fiscal Landscape
Published on 16 Mar 2020 at 16:53

ETM Tech Report: DXY SA
Published on 14 Mar 2020 at 10:48

FX Service | Viewpoint: 13 Mar 2020 SA
Published on 13 Mar 2020 at 15:48

ETM Tech Report EUR-USD SA
Published on 10 Mar 2020 at 08:53

FX Service | Weekly Techs USD-ZAR SA
Published on 9 Mar 2020 at 18:04

ETM Tech Report: DXY SA
Published on 7 Mar 2020 at 15:48

FX Service | ZAR Risk Monitor: Q1 2020 SA
Published on 6 Mar 2020 at 14:53

FX Service | Weekly CFTC SA
Published on 3 Mar 2020 at 13:43

ETM Tech Report EUR-USD SA
Published on 3 Mar 2020 at 07:33

FX Service | Weekly Techs USD-ZAR SA
Published on 2 Mar 2020 at 18:19

ETM Tech Report: DXY SA
Published on 29 Feb 2020 at 11:13

FX Service | Weekly CFTC SA
Published on 27 Feb 2020 at 15:37

2020 budget - Expenditure cuts do little to alter fiscal trajectory SA
Published on 26 Feb 2020 at 16:51

2020 Pre-Budget Cheat Sheet SA
Published on 25 Feb 2020 at 12:31

ETM Tech Report EUR-USD SA
Published on 25 Feb 2020 at 06:48

FX Service | Weekly Techs USD-ZAR SA
Published on 24 Feb 2020 at 17:19

Financial Markets

ETM Africa Weekly Snapshot: 30 March - 3 April 2020
Published on 30 Mar 2020 at 15:02

Morning Insight 30 March 2020 SA
Published on 30 Mar 2020 at 08:25

Africa Insight 30 March 2020
Published on 30 Mar 2020 at 08:22

ILB Auction 27 March SA
Published on 27 Mar 2020 at 14:00

Oil faces a fresh wave of selling pressure after US ditches plan to bolster its crude reserves SA
Published on 27 Mar 2020 at 08:41

Morning Insight 27 March 2020 SA
Published on 27 Mar 2020 at 08:18

Africa Insight 27 March 2020
Published on 27 Mar 2020 at 08:11

Morning Insight 26 March 2020 SA
Published on 26 Mar 2020 at 07:55

Africa Insight 26 March 2020
Published on 26 Mar 2020 at 07:51

Africa Insight 25 March 2020 SA
Published on 25 Mar 2020 at 08:17

Morning Insight 25 March 2020 SA
Published on 25 Mar 2020 at 08:12

Vanilla Auction: 24 March 2020 SA
Published on 24 Mar 2020 at 12:23

Morning Insight 24 March 2020 SA
Published on 24 Mar 2020 at 08:06

Africa Insight 24 March 2020
Published on 24 Mar 2020 at 07:45

ETM Africa Weekly Snapshot: 23-27 March 2020
Published on 23 Mar 2020 at 13:41

Morning Insight 23 March 2020 SA
Published on 23 Mar 2020 at 08:14

Africa Insight 23 March 2020
Published on 23 Mar 2020 at 08:03

ILB Auction 20 March SA
Published on 20 Mar 2020 at 12:48

Africa Insight 20 March 2020
Published on 20 Mar 2020 at 08:26

Morning Insight 20 March 2020 SA
Published on 20 Mar 2020 at 07:26

Africa Insight 19 March 2020
Published on 19 Mar 2020 at 08:07

Morning Insight 19 March 2020 SA
Published on 19 Mar 2020 at 07:17

Morning Insight 18 March 2020 SA
Published on 18 Mar 2020 at 08:15

Africa Insight 18 March 2020
Published on 18 Mar 2020 at 07:48

Vanilla Auction: 17 March 2020 SA
Published on 17 Mar 2020 at 12:44

Morning Insight 17 March 2020 SA
Published on 17 Mar 2020 at 08:10

Africa Insight 17 March 2020
Published on 17 Mar 2020 at 07:58

ETM Africa Weekly Snapshot: 16-20 March 2020
Published on 16 Mar 2020 at 13:21

Morning Insight 16 March 2020 SA
Published on 16 Mar 2020 at 08:15

Africa Insight 16 March 2020
Published on 16 Mar 2020 at 08:11

Economics

Economic Calendar: Mar 30 - Apr 03 SA
Published on 27 Mar 2020 at 12:23

Economic Calendar: Mar 23 - 27 SA
Published on 20 Mar 2020 at 17:00

SARB Review: Rates slashed by a full percentage point as economy expected to shrink SA
Published on 19 Mar 2020 at 16:49

Economic Calendar: Mar 16 - 20 SA
Published on 13 Mar 2020 at 17:00

Economic Calendar: Mar 09 - 13 SA
Published on 6 Mar 2020 at 17:00

Economic Calendar: Mar 02 - 06 SA
Published on 28 Feb 2020 at 17:00

Economic Calendar: Feb 24 - 28 SA
Published on 21 Feb 2020 at 17:00

Economic Calendar: Feb 17 - 21 SA
Published on 14 Feb 2020 at 17:00

Economic Calendar: Feb 10 - 14 SA
Published on 7 Feb 2020 at 17:00

Economic Calendar: Feb 03 - 07 SA
Published on 31 Jan 2020 at 17:00

Economic Calendar: Jan 27 - 31 SA
Published on 24 Jan 2020 at 17:00

Economic Calendar: Jan 20 - 24 SA
Published on 17 Jan 2020 at 17:00

SARB MPC Review January SA
Published on 16 Jan 2020 at 16:57

Economic Calendar: Jan 13 - 17 SA
Published on 10 Jan 2020 at 17:00

Economic Calendar: Jan 06 - 10 SA
Published on 3 Jan 2020 at 17:00

Economic Calendar: Dec 30 - Jan 03 SA
Published on 2 Jan 2020 at 07:05

ZA DATA - November Budget Balance Review SA
Published on 20 Dec 2019 at 17:19

Economic Calendar: Dec 16 - 20 SA
Published on 13 Dec 2019 at 17:00

ZA Data Review - Nov PPI SA
Published on 13 Dec 2019 at 14:02

ZA Data Review - Oct Retail Sales SA
Published on 11 Dec 2019 at 15:33

ZA DATA Review - CPI November SA
Published on 11 Dec 2019 at 15:00

ZA DATA - October Manufacturing Production Review SA
Published on 10 Dec 2019 at 16:38

Economic Calendar: Dec 09 - 13 SA
Published on 6 Dec 2019 at 17:00

ZA Data Review - Nov Gross & Net Reserves SA
Published on 6 Dec 2019 at 12:23

ZA DATA - Q3 Current Account Balance Review SA
Published on 5 Dec 2019 at 16:41

ZA Data Review - Q3 GDP SA
Published on 3 Dec 2019 at 14:36

ZA DATA Review- November NAAMSA Vehicle Sales SA
Published on 2 Dec 2019 at 16:57

ZA Data Review - November Absa Manufacturing PMI SA
Published on 2 Dec 2019 at 16:15

ZA DATA - October Trade Balance Review SA
Published on 29 Nov 2019 at 17:33

Economic Calendar: Dec 02 - 06 SA
Published on 29 Nov 2019 at 17:00

Quant Analytics

ZAR Sentiment Indicator SA
Published on 30 Mar 2020 at 15:32

ZAR Resilience Framework: Cross Section SA
Published on 16 Mar 2020 at 14:32

ZAR Sentiment Indicator SA
Published on 9 Mar 2020 at 15:29

ZAR Resilience Framework: Fiscal Risks SA
Published on 25 Feb 2020 at 14:01

ZAR Resilience Framework: Monetary Rectitude SA
Published on 20 Feb 2020 at 13:26

ZAR Resilience Framework: Subcomponent rankings SA
Published on 13 Feb 2020 at 14:09

ZAR Sentiment Indicator SA
Published on 10 Feb 2020 at 15:00

ZAR Resilience Framework: Trade Fundamentals SA
Published on 28 Jan 2020 at 14:29

ZAR Resilience Framework: Fiscal Risks SA
Published on 23 Jan 2020 at 14:32

ZAR Sentiment Indicator SA
Published on 21 Jan 2020 at 11:48

ZAR Monetary Rectitude SA
Published on 16 Jan 2020 at 13:39

ZAR Resilience and sub-components SA
Published on 13 Jan 2020 at 13:33

ZAR Carry Attractiveness vs EM Average SA
Published on 8 Jan 2020 at 13:08

ZAR Sentiment Indicator SA
Published on 6 Jan 2020 at 10:46

Resilience Cross Section Table SA
Published on 11 Dec 2019 at 11:27

ZAR resilience and sub-components SA
Published on 10 Dec 2019 at 11:34

ZAR Sentiment Indicator SA
Published on 9 Dec 2019 at 11:24

ZAR Sentiment Indicator SA
Published on 2 Dec 2019 at 14:54

ZAR Monetary Rectitude SA
Published on 15 Nov 2019 at 12:59

ZAR Fiscal Risk SA
Published on 13 Nov 2019 at 11:14

ZAR Fundamental Components SA
Published on 12 Nov 2019 at 11:38

ZAR Sentiment Indicator SA
Published on 11 Nov 2019 at 09:00

ZAR Carry Attractiveness vs EM Average SA
Published on 7 Nov 2019 at 14:19

ZAR Resilience and sub-components SA
Published on 6 Nov 2019 at 12:52

ZAR Sentiment Indicator SA
Published on 5 Nov 2019 at 13:56

ZAR Carry Attractiveness vs EM Average SA
Published on 30 Oct 2019 at 16:17

ZAR Sentiment Indicator SA
Published on 28 Oct 2019 at 13:56

Valuation versus Resilience SA
Published on 24 Oct 2019 at 12:11

ZAR Carry Attractiveness and Resilience SA
Published on 21 Oct 2019 at 15:29

ZAR Fiscal Risk SA
Published on 17 Oct 2019 at 14:37