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By Chris Becker
The Dutch election pushed up Euro stocks overnight, but US bourses retreated or put in scratch sessions taking pause after the post-Fed meeting bounce. Undollar assets moved higher against USD while oil slipped again as gold moved higher above $1200USD per ounce.
Looking at Asia’s session yesterday, the Shanghai Composite closed nearly 1% higher at 3268 points starting to build momentum as it bounces above local support at 3200 level. The former high at 3300 points remains the target here but these fits and spurts are not confidence inspiring:
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