By Chris Becker
Overnight stock markets responded positively to the great start to the week here in Asia with rallies on both sides of the Atlantic. The USD topped to a new calendar year high while oil prices came along for the ride while bonds also pushed higher as Treasury yields pull back further from the 3% mark.
Recapping stocks in Asia yesterday where the Shanghai Composite had a much better session , closing over 1.4% higher to 3135 points. Pressure is slowly lifting here as the absence of a full retracement to support at the 3000 point level means a return to confidence. Resistance at 3200 is a weak potential upside when trying to catch a long position here:
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