Daily Market Commentary: 29 September 2016

Today we are taking a look at:

  • Longer term trend for durable goods remains a drag, Dollar index waits for the Fed’s next move, Recovery in the underlying US economy is broadening but weak patches persist and may defer but not negate a Fed hike
  • Rand falters around R13.40/$ yesterday, EURUSD drifts stronger as majors eye Yellen and other Fed speakers
  • Japanese retail sales post first decline in 3 months
  • Top 40 closes higher dominated by corporate news, US stronger after OPEC deal leading Asia stronger this morning
By | 2017-03-02T20:54:26+02:00 September 29th, 2016|Markets and Research|0 Comments