By Chris Becker
A solid session in risk markets overnight heading into the final day of the 2016 US presidential campaign, with most stock markets rising and Treasuries falling even as the odds of a Federal Reserve hike next month firm even stronger. In currencies, the Aussie dollar continues to soar higher against the USD (and everything else) while the other majors are slowly selling off as the chances of a Trump White House grow shorter.
Looking at Asian stocks first, where the Shanghai Composite held on to its early gains, lifting nearly 0.5% to break to a new high, closing at 3147 points yesterday. This is the signal to go long with my target above at 3400 or more:
