By Chris Becker
Risk markets are turning cautious despite some potentially positive good news around the US China trade talks, with USD continuing its bull run against the major currency pairs. US stocks were down nearly 1.5% lower mid session before recovering to mild losses as gold fell to a two month low.
Looking first at the action on the Asian session yesterday, where the Hong Kong Hang Seng Index closed 0.5% higher at 28959 points. Although the current rally remains intact price is still tracking sideways here as momentum remains flat and no new session highs are made. The interim target at 30,000 points remains intact but watch that trendline and momentum readings carefully for a correction:
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