By Chris Becker
Risk markets had to absorb the UK terror attack among other macro issues overnight with a return to strength for the USD and mild rallies across both sides of the Atlantic. Markets are poised to see the results of the FOMC minutes plus the upcoming OPEC meeting for cues on interest rates and oil price direction.
Yesterday in China the Shanghai Composite continues its bad start to the week, down another 0.4% to 3064 points, still unable to climb back above its once critical support level at 3100. This is consolidation period is slowly devolving into a possible breakdown as price heads lower, unable to get above the high moving average:
