by Chris Becker
Markets have absorbed the annoying Monday morning gap well with most Asian bourses have scratch sessions, the standout being the ASX200 up 0.6% at the close, mainly on the back of Woolworths shooting 8% higher on job cuts and “re-structuring”. In currency land, Yen had a brief selloff before coming back on trend, with a similar pattern on the Aussie dollar which seems to be overcooked here on the intraday chart.
On the open in London I expect a small retracement here to the 74.70 to 74.80 zone:
