By Chris Becker
A strange night on risk markets with key reversals in most stock markets while commodities burst higher precipitated by a big sell-off in USD. This was on the back of comments from Treasury Secretary Mnunchin at Davos as the Trump Administration clear protectionist goal was made clear at the event.
Recapping action in Asia yesterday where in mainland China the Shanghai Composite continues its advance after breaking resistance at 3400 points, closing 0.4% higher to 3559 points. There’s still plenty of upside action here but its plainly obvious the short term is well overbought and requires some consolidation or the profit takers will reek havoc:
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