By Chris Becker
A holiday on Wall Street and the lack of any economic data or macro news kept risk markets at bay overnight with the USD also little changed.
Looking first at the action on the Asian session yesterday, the Hong Kong Hang Seng Index closed 1.6% higher to 28281 points with the uptrend well intact. This rally is steadily building above the previous false break high at 27300 but needs to beat last week’s intrasession high and for momentum to stay in the slightly overbought zone for it to continue:
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