Stock futures rose in the beginning of the week, setting stocks up to add to last week’s record levels as markets reacted to positive developments over the COVID19 treatment.
Tag - technical analysis
The market focus today will be on politics, with the attempt in the United States to get a new fiscal policy package and the relations with China.
The advance of S&P500 came as shares of big tech stocks rallied and reflected the trend of the past months this year in equity markets, as investors showed interest into software and tech names as a defensive strategy against the pandemic.
The most traded pair takes a breath after reaching levels unseen since May of 2018.
Goldman Sachs claims the ZAR may rise further, if global markets keep rallying. Let’s discuss it in detail.
The pair slumped to levels unseen since January. What’s next?