Daily Market Commentary: 15 June 2017

Today we are taking a look at:

  • Risk stays bid as EMFX continues to perform after the Fed, despite slowing the post-US data rally a little
  • USDZAR continues to trade resiliently despite prevailing factors; Dollar recovers sharply after intraday weakness
  • Commodity markets track dollar volatility, A rebound in the dollar after FOMC caused a slump in the gold and oil prices
  • Global markets experienced choppy trading ahead of the FOMC announcement. South Africa closed lower, while markets in Europe were mixed dominated by weaker energy counters. Asian markets are under pressure this morning as WTI trades below $45 a barrel
  • SA confidence levels collapse to 2009 low, retail sales growth marginally higher; UK wage growth eases; Eurozone industrial production disappoints; US retail sales and CPI disappoints, FOMC marginally hawkish, on track for balance sheet normalisation
DailyMarketCommentary170615
By | 2017-06-15T07:39:46+02:00 June 15th, 2017|Markets and Research|0 Comments

Leave A Comment