By Chris Becker
US stocks continued their pullback overnight in the face of some end of month window dressing, continuing the volatile year that will be 2018. Treasuries and the USD rallied instead on the safe haven bid, as did Yen, with European markets slipping as well even though the all-important German unemployment print came in as expected. Today in Asia its the Aussie private capex data to keep an eye on, although it may not be that sensitive for Aussie dollar traders.
Recapping action in Asia yesterday where Shanghai Composite closed down 0.7% to 3267 points, recovering a little after the long lunch break but still below the important 3300 point level. The next obvious level for this recovery was former support, now key resistance at 3400 points, but momentum is definitely still in bearish territory:
