Crude oil and natural gas trends appear to be converging. Sentiment in crude oil is quite bullish, raising the prospect of some gains in price. In contrast, natural gas appears to be flexing muscles after months of weakness.

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The US markets will be back online today to set a clearer backdrop for the risk environment.

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Central bankers have had their say on the likelihood of further hikes but ECB Chief Economist refuses to look past a July hike, stating a preference for data dependency

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USD/ZAR faces a quiet trading day today as US markets are closed. Rand traders now keep close eyes on the upcoming SA CPI print on Wednesday.

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The Pound has struggled to make further gains after soaring last week, but is showing no sign of reversal.

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