By Chris Becker
Global stock markets really want to break free and get back to there pre-correction tops and are being aided by a reversal in USD strength and a potential bottoming in commodity prices. How long can it last and is this unusual? The former is unknown, but the latter is not as these rallies are typical during bear markets. The problem is the USD can only weaken a little more from its current trajectory as deflationary pressures continue to mount and entral banks in Europe and Japan warm up the printing presses.
Recapping Asia’s session on Friday, where the Shanghai Composite again lead a broad move across the continent, up nearly 2% to 3391 points, just below former support at 3400 points as momentum builds for a significant breakout here up to 4000 points:
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