By Chris Becker
The poor CPI showing in the US saw the USD stumble from its recent rally, but sent stocks to a near two month high. Pound Sterling was a standout though, dropping on the BOE holding steady, while oil prices stabilised.
Recapping stocks in Asia yesterday where the Shanghai Composite had another attack at the next resistance level at 3200 points, gaining nearly 0.5% to 3174 points. Resistance at 3200 is still the obvious target in the short term but its a tough road to get back to the former highs, so watch daily momentum to really take a leap before taking a leap into a long position:
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