Daily Market Commentary: 28 February 2017

Today we are taking a look at:

  • ZAR crosses appear extended, but supported by weak majors; Heiken-Ashi chart calls for some consolidation in the USDZAR cross
  • Dollar volatile but resilient in NY, global majors mixed, USDZAR weakens on the back of dollar strength overnight
  • Top 40 marginally lower, -0.26%, weighed by industrials; US equities marginally positive ahead of Trump speech tomorrow; Asian markets mixed this morning
  • Eurozone money supply growth eases, sentiment indicators marginally better; US capital investment seasonally low, pending home sales decline; Japanese data mixed
  • Foreign flows post 3rd consecutive net weekly inflow, led by bond market
By | 2020-03-17T09:56:43+02:00 February 28th, 2017|Investment Banking, Markets and Research, Uncategorized|0 Comments