By Chris Becker
Can-do-nothing Trump’s domestic agenda is pulling down the USD to a new low as inflation expectations evaporate, with only Pound Sterling not rising against King Dollar, with safe havens like Yen and gold taking the biggest bids. US stocks were mixed with tech stocks reaching for new highs while the industrials wavered and European bourses fell as earnings on the continent disappointed to the downside.
Yesterday in mainland China the Shanghai Composite was looking to close up only a few points higher but surged after the lunch break to finish up 0.4% but still below previous resistance at 3200 points from where it broke down significantly at the start of the week. The daily trend was looking firm but momentum has flopped here, as the shakeout following both the GDP print and continued regulatory pressure, which is filtering through to small stocks especially:
