US major markets continued their declines on trade closing (14/10/2020). The decline was triggered by the finance sector as some of the US’s largest banks started to release the Q3/2020 financial performance report.
Domestically, investors are paying close attention to the Indonesia trade balance release today. By consensus, the trade balance position is predicted to still be a surplus by USD2.6 billion. Technically, the JCI rally has brought it to the resistance area with the RSI indicator starting to show signs of overbought.
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