By Chris Becker
With no economic news nor earnings releases to go off, traders gravitated around geo-political tensions once more overnight, with stocks on both sides of the Atlantic retreating or stalled. Another scramble for safe haven assets with Yen joined by Swiss Franc and gold as currency markets remain poised. Not a good start to the week!
Recapping Asia yesterday the Shanghai Composite melted up a few points to 3372 slowly making its way up to 3400 points after the big breakout last week. The daily chart shows a lot of congestion here at just below 3400 with daily ranges very tight, which is presaging some building up of volatility in the sessions ahead:
