By Chris Becker
Trump’s titillating trade war simmered down overnight as the exemptions for Canada and Mexico soothed risk markets, while the ECB change on their view on asset purchases slammed Euro from its lofty heights. Commodities fell on the stronger USD as traders start to weigh up tonights NFP print.
Recapping action in Asia yesterday where the Shanghai Composite rallied on its return from the long lunch break, closing 0.5% higher at 3288 points, now getting close to resistance above at the 3300 point level. Momentum is very close to going positive on the daily chart, so we await the breakout:
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