By Chris Becker
Risk markets were buoyed last night by another government shutdown aversion and hope that the US/China trade talks will amount to something, as rationale repairs Trumps ridiculous policies. The USD reversed course as a result, with both Pound and Euro surging, while US Treasury yields lifted again to a new weekly high.
Looking at the action on the Asian session yesterday, the Hong Kong Hang Seng Index closed only a few points higher to 28171, just making a new daily high here, but it really just matched the previous highs before the NY holiday. This still keeps it well above former resistance, now firm support at the previous false break high at 27300 with momentum still in a good zone for this rally to continue:
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