By Chris Becker
The trading year begineth after a Christmas/New Year break that saw USD sold off against – well, everything except Bitcoin. Bringing 2017 into 2018, US stocks put in another new record high, but European bourses were more cautious due to the higher Euro, as all the major currencies lifted against King Dollar. Volumes are still quite light on, so I’m not expecting much action until next week, but opportunities are still prevalent.
Recapping action in Asia yesterday where in mainland China the Shanghai Composite lifted over 1% after staying down near the 3300 point level before the New Year. This could be a new breakout but more volume and conviction above 3350 points is required:
