By Chris Becker
A somewhat mixed night on equity markets with most of the action again in currencies as Mario Draghi pulled the rug out from under the Euro on his “downside risk” comments, as speculation continues to mount about the outcome of the US/China trade talks. The continued Trump government shutdown is not helping confidence either, but there’s possibility cracks are appearing in the wall, they’re just not “tremendous” enough yet.
Looking at the Asian session yesterday first, the Hang Seng Index climbed into the close to be up 0.4% to 27120 points. The daily chart shows how important it is for the market to get back above the previous false break high above 27100 points:
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