By Chris Becker
The soft caresses of a government bond is where risk raced to last night on the fallout of the poor Chinese export figures, as stocks sold off and USD paused its uptrend as US earnings continued to disappoint. The latest DOE oil inventory report saw inventories drop and hence WTI pipped above $50USD per barrel again.
Recapping Asia’s session yesterday, where the Shanghai Composite eked out a small scratch session and finishing at 3061 points, still building away from hesitation around support at 3000 points. Momentum remains positive on the daily chart but price remains below the 200 day moving average:
