By Chris Becker
Overnight markets were rocked again as the possibility of the US/China trade talks extending well into 2020 firmed, as domestic concerns outweighed the bigger picture, stumbling on tariffs again. US stocks are down nearly 1% going into the close while the USD has firmed against most of the majors.
Looking at the action on Asian markets yesterday, where Chinese stocks reversed their recent bounceback, the Shanghai Composite slumping nearly 0.8% lower to just above 2900 points. Meanwhile the Hang Seng Index stumbled alongside, falling 0.8% to close below 27000 points. Price is seemingly anchored at previous trailing ATR support and the resistance zone at 27000 points so watch for a break below that level and the low moving average on the open todaY:
