By Chris Becker
The USD faded from strength as stocks rebounded – or reverted to mean, or ran out of shorts as the EU Parliament met and threw rocks at the glasshouse that is their edifice in response to Brexit. Risk was back on, led by commodities as energy stocks in the US took off and bank stocks in Europe responded to the calming, if a little strong language from the ECB and other authorities.
Recapping Asia first where the Shanghai Composite continues to oscillate around a tight band of resistance and support, gaining 0.6% and staying above 2900 points. Still no signs of a breakout yet though:
