By Chris Becker
A pause in US stocks overnight as traders weighed up the latest oil inventory reports and the machinations in Europe regarding Brexit. European stocks put in scratch sessions as the Euro tumbled against USD which is slowly recovering after being under the weather all week against the majors and gold, although the shiny metal seems set to keep going back to $1300USD per ounce.
Recapping Asia yesterday first where in mainland China the Shanghai Composite is having a pause, falling nearly 0.3% going into the close at 3379 points, hitting and rejecting that key resistance level at 3400 points. The daily chart is showing a clear build up to the resistance level at 3400 points which should break soon:
