Stock bulls on break

0
107
views

The rally in global stocks is taking a breather before the weekend, having posted a new record high on Thursday. Asian stocks are in the red, although South Korea’s Kospi is leading the few that are bucking the region’s downward trend. Meanwhile, US equity futures are dipping slightly at the time of writing.

Friday’s pause appears warranted by technical indicators, seeing as the 14-day relative strength index for major benchmark indices from Hong Kong’s Hang Seng index to the Nasdaq Composite index have broken into overbought territory.

Eventful week ahead

Perhaps investors are… Read More:

For all Articles related to FXTM please click here

OPEN AN ACCOUNT WITH FXTM