By Chris Becker
Risk on as tensions ease both in the US and Korea’s, with the Trump administrations embiggened war in Afghanistan plus hope for a tax reform legislative agenda help prop up US stocks. The USD lifted alongside, sending a few major currencies down, including safe havens like Yen would should translate into better performance for Japanese stocks today.
Yesterday in mainland China the Shanghai Composite is scratching along a few points higher at 3290 as it almost gets up to key resistance at 3300 points. It looks like another attempt today and if it does, classical technical analysis says “boom” there it goes to the next resistance point! (about 3700)
