South African Institute of Financial Markets

The South African Institute of Financial Markets (SAIFM) proudly presents the 8th Annual Regulatory Summit, scheduled for 21 August 2024, at the Southern Sun, Sandton. This Summit serves as a vital platform for regulatory professionals and financial markets practitioners to engage on the intricate landscape of the financial markets. This year's overarching theme is "Interconnectedness." To register and for more info visit www.regulatorysummit.co.za or email [email protected]. Costs from R4290.00 please refer to www.regulatorysummit.co.za for pricing.

Please find below today’s market commentary by Bianca Botes, Director at Citadel Global.    Thursday, 12 September 2024   There is little change in the market landscape as investors continue to digest data in anticipation of the Fed interest rate announcement next week.   The US CPI reading, however, pointed to a 25 bps rate cut rather than 50 bps, as US inflation remains sticky.   Oil prices have gained on concerns of what Hurricane Francine could mean for US oil supply, while gold is trading mostly sideways.   The ECB is set to deliver its interest rate announcement today, while US initial jobless claims are due out later in the afternoon.   The US CPI data did little in terms of being a catalyst for the local currency, that’s been stuck in a 30c range for over two weeks. The rand is trading at R17.90/$, R19.72/€ and R23.35/£.

Please find below today’s market commentary by Bianca Botes, Director at Citadel Global.    Wednesday, 11 September 2024   Last night’s US presidential debate ruffled a few feathers and has created even more uncertainty around the US election; one that is expected to be highly contested.   Meanwhile, investors will also have to digest the US CPI data, which is due out later in the day. This reading will be factored into any rate-cut expectations.   Gold is hovering near all-time highs, while Brent crude has gained some ground to trade just below the $70/barrel mark.   In addition to the US CPI release, we will also keep an eye on UK production, trade balance and GDP data today.   The rand has tracked the uncertainty in the US to move towards the weaker end of its trading range. It starts the day at R17.93/$, R19.80/€ and R23.48/£.

Please find below today’s market commentary by Bianca Botes, Director at Citadel Global.    Tuesday, 10 September 2024   Market dynamics are little changed from yesterday, as investors continue to speculate on the size of the Fed’s interest rate cuts in September.   The dollar inched higher in overnight trade, following some decent gains yesterday, as risk sentiment worsens ahead of key US inflation data, due out tomorrow. Oil continues to face pressure of poor demand and global over supply, while gold has shed some ground to just above the $2,500/ounce mark.   The data calendar is on the lighter side, with local manufacturing production data due out today.   The rand is trading mostly sideways, struggling to break out of its current range. It starts the day at R17.86/$, R19.72/€ and R23.36/£.

Please find below today’s market commentary by Bianca Botes, Director at Citadel Global.    Monday, 9 September 2024   Last week’s mixed US labour market data has left investors uncertain about what to expect from the Fed when it meets on 18 September. Markets are now suggesting a 30% chance of a 50 bps rate cut.   Meanwhile, markets are fully positioned for a 25 bps cut by the ECB on Thursday.   Chinese markets traded softer overnight as low inflation numbers are stoking fears of China’s economic growth concerns.   The prospect of lower rates bolstered bonds, with yields retreating. The US 10-year Treasury yield dipped to its lowest level in 15 months, before profit taking early this morning.   It’s quiet on the data front today, with US Wholesale Inventories due out this afternoon.   The rand is struggling to find direction. It starts the week trading at R17.83/$, R19.75/€ and R23.41/£.

Congratulations to Marthina Knoll We are pleased to recognise Marthina Knoll for her outstanding achievement in attaining the highest result for August 2024 in the SAIFM Registered Persons Examination (RPE) Agricultural Products Market Dealers Exam. The SAIFM RPEs are prestigious exams designed to ensure high professional standards in the financial markets, and Marthina’s achievement is a testament to her commitment to excellence and development. For more information on the SAIFM Registered Persons Examinations, visit https://lnkd.in/drdf4As #SAIFM #RPE #AgriculturalProducts #ProfessionalExcellence #TopPerformer #MarthinaKnoll #FinancialMarkets

Crypto Assets Masterclass – 8 October 2024 Curious about Bitcoin, blockchain, and the world of crypto assets? Join expert Ingrid Goodspeed for an in-depth online workshop covering how crypto assets work, their benefits, risks, and the regulatory landscape. Date: 8 October 2024 Time: 09:00 – 15:30 CPD Points: Up to 6 hours Cost: From R5051.95 per person More Information: https://lnkd.in/ddMkakYG Register now: Email Melissa ([email protected]) #CryptoMasterclass #Blockchain #FinTech #SAIFM

Please find below today’s market commentary by Bianca Botes, Director at Citadel Global.   Tuesday, 3 September 2024   Yesterday saw currency markets trade with less liquidity and wider spreads due to the US Labor Day holiday.   In overnight trade we saw caution in Asian markets ahead of this week’s US labour data releases. This key data is expected to influence the size of the anticipated Fed rate cut on 18 September.   Continuous lacklustre data from China is also dampening sentiment. The sluggish Chinese economy is impacting oil prices, which fell on the back of demand concerns. Gold has also lost ground as traders treaded lightly with the closed US markets, and ahead of the labour data releases.   On the data front today, local Q2 GDP is due out, followed by US manufacturing data.   The rand remains at the weaker end of its recent range. We can expect uncertainty to persist until the FOMC meeting as markets take their cues from data releases. The rand is trading at R17.88/$, R19.77/€ and R23.47/£.

Upcoming Workshop: Cyber Security in Financial Markets Date: 26 November 2024 | Time: 09H00 – 15H30 In today’s financial world, cyber security is essential. Join our workshop to learn about the cyber threats facing financial markets and how to manage them effectively. Key Topics: Cyber security landscape & historic incidents Effective cyber risk management Regulatory approaches to cyber security Who Should Attend: Operational Managers, Risk Managers, Compliance Officers, and more. Earn CPD Points! Info: https://lnkd.in/db492EiU Contact: Melissa Joao: [email protected] / 011 802 4768 #CyberSecurity #FinancialMarkets #SAIFM

Explore the benefits of Full Membership with the South African Institute of Financial Markets (SAIFM). This membership provides a platform for advanced professional growth, exclusive networking opportunities, and enhanced industry recognition. The MIFM designation is officially recognised by SAQA. Discover if you meet the requirements to apply: https://lnkd.in/dn6pY72p #FinancialMarkets #SAIFM #ProfessionalGrowth