Daily Market Commentary: 12 July 2016

Today we are taking a look at:

  • USDZAR testing previous consolidation from above as global search for yield supports EM FX, EURZAR testing horizontal resistance around R16.00/Euro, Sterling worst and ZAR best performance push GBPZAR.
  • Rand rallies on strong global risk appetite, sterling stabilises as UK looks to appoint new Prime Minister, yen continues slide.
  • Top 40 +1.7 % in tandem with stronger global markets, S&P 500 closes at all-time high, Asia stronger this morning.
  • Cumulative flows show 7th consecutive week of inflows into both bonds and equities.
By | 2017-03-02T20:54:45+02:00 July 12th, 2016|Markets and Research, Mining and Resources|1 Comment

One Comment

  1. Medwyn Jacobs March 4, 2018 at 6:13 am - Reply

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