By Chris Becker
With the Americans gorging themselves on Turkey the day before they gorge on useless consumer crap, markets were buoyant, with the USD surging higher once more while peripheral stock markets retreated. European stocks lifted slightly, still waiting to here any clarification on ECB stimulus while industrial metals including copper continue to be strongly bid as safe havens like gold and Yen are dumped.
Looking at Asian stocks yesterday first, where the Shanghai Composite had another breather in its too fast running bear market rally, putting in a scratch session and finishing at 3241 points again. My next target at 3400 points remains in sight, but this could turn into a wider pullback to previous resistance, now support at 3140:
