Oil prices, Fed speak and macro data to set direction

HOW time flies! This week, traders in the local bourse will be reminded once again of time being a fleeting marker.

A shortened trading week with Monday being a public holiday aside, the curtains will also come down on the last trading week of June - the end of the second quarter and the year's first half.

One should expect some significant market movements from mid week on as investors scour the environment for leads with the aim of rebalancing or re-evaluating their portfolios.