South African GDP contracted by 1.5% for Q3 as manufacturing, trade and accommodation industries led the decline

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ZEW Survey highlights reduced investor confidence, bias remains to fade Euro rallies

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Sterling is modestly higher against both the US Dollar and the Euro but GBP/USD remains close to trendline support and if that breaks then further losses are likely.

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Find out how parallels of these trend lines can be utilized to give structure to a market advance or decline.

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Crude oil prices are rebounding to test back above the key $70/barrel figure but gains may be capped by incoming trade, inventories and output forecast data.

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