Today we are taking a look at:

  • USDZAR maintains stronger trend for technical test lower, 3-month risk reversal reflects a weaker medium term trend, trade-weighted rand pauses at resistance level
  • Rand range bound despite stronger US dollar, euro drift weaker, dollar index holds above 100 index points, local focus on CPI data later this week
  • Top 40 rallies strongly on global momentum following Trump mention of corporate tax cuts, US markets push to new records, Asia tracking a strong US session
  • UK trade deficit narrows as exports surge; industrial production sharply higher; US confidence indices softer than expected, Japanese Q4 GDP number marginally softer