By Chris Becker
Green across the board on stock markets on Friday with traders discounting the future by looking at current COVID-19 results as governments around the world itch to get back to “business as usual”. The USD closed slightly lower against the majors, except gold which fell again, while commodity prices rose, and Treasury yields didn’t change much for the session. The relief rally continues apace and is moving into the next phase as short positions are only held now by the brave.
Looking at Asian share markets on the Friday session, where the Shanghai Composite closed nearly 0.7% higher at 2838 points while the Hang Seng Index closed 1.6% higher to 24380 points, as its bear trap from the Thursday session closed in full. The breakout continues to get interesting with growing support at the 23000 point level with daily momentum trying to turn positive here to then accelerate back up to the 25500 point level:
