By Chris Becker
Trade talks overnight sent the USD from its lofty heights, helping the antipodean currencies which also benefited from higher commodity prices, while tech stocks fell slightly in the wake of Apples new phones as bank stocks also weighed on the US markets. European bourses did better despite a higher Euro, oil is still moving higher as Hurricane Florence looms on the east coast of the USA.
Recapping Asia’s session yesterday with Chinese stocks first, where the Shanghai Composite has again closed in the red, slipping 0.3% to close at 2656 points as it heads inexorably to terminal support at 2600 points. Momentum remains negative as Chinese shares continue to follow the Yuan down with all eyes on terminal support at just above 2600 points:
