By Chris Becker
USD came back to strength in the wake of the hawkish FOMC minutes, quickly taking the legs out from under the tentative bounceback in equity markets. All the major currencies slipped against King Dollar with oil prices also falling on the back of Pompeo’s mewing with the Saudis. Treasury yields continue to rise with the chance of a Christmas rate hike now higher than 80%
Recapping Asia’s session yesterday where the Shanghai Composite finished the session up 0.7% at 2564 points, still below key support at the 2600 level but hanging in there. The daily chart still looks like part of a staged breakdown to the 2300 terminal support area, with the inability to get back above 2600 the key breaker here:
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