By Chris Becker
Not a very exciting night on Wall Street as lack of volumes from Asia and Columbus Day in the US saw the worlds biggest market – bonds – closed. Stocks retreated slightly as did the USD against most of the majors in the aftermath of Friday’s NFP print.
Recapping Asia yesterday first where the Shanghai Composite reopened after the Golden Week break, gapping up on the open over 1% but then closing 0.7% higher to 3374 points in a solid signal from the bulls. The daily chart is showing the battle in the short term is still being won by the bears as price gravitates closer to support at 3300 points:
