Today we are taking a look at:

  • Technical indicators show near term dollar weakness likely, supporting global majors, however medium term outlook depends on monetary policy, Brexit and economic conditions
  • USDZAR continues to post gains as the dollar remains on the back foot
  • All Share index closes flat as Telecoms gain while Naspers retreats ahead of Tencents results due this afternoon
  • US data mixed, with industrial production upbeat and housing data easing; UK inflationary pressures continue to build, Eurozone current account surplus widens