The ALSI opened up by 1% this morning, influenced by Asian markets that shrugged off the negative US GDP news from Friday.
As long as equities rally, we will continue to see Rand strength.
Driving the markets today is earnings from HSBC and BNP Paribas from European banks.
The market was up just over 9% last month and is continuing it's rally.
Currently the uptrend is still intact, but the market is getting overbought. Be cautious for a bit of a pullback.
Safe trading
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