Trial now
GILTS

Opening calls

SOUTH AFRICA

SAGBs Firm at the Open, Risk Premia Ease W/W

USD

Better selling on the European open

METALS
METALS: Palladium chart continues to defy gravity - the metal has had ONE down
day in the past NINETEEN sessions and is up around 25% in 2020 alone. On my
charts the RSI is now closing in on 100 and sits at levels not seen since the
early 2008 rally. The move has clearly caught a few analysts offside, with
today's rally pushing the price above UBS' 2021 price target of $2,300.
Catalytic converter demand still seen driving the price, with supply constraints
and poor recycling outlook also contributing.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com