By Chris Becker
Risk appetite powered back overnight due to the better than expected US retail sales numbers, with tech stocks leading the way on Wall Street. The USD also lost more ground, spectacuraly against Pound Sterling which roared back to life as Brexit negotiations took another turn overnight.
Looking first at the action on the Asian session yesterday, the Hang Seng Index did well to close nearly 1% higher to 28503 points, bouncing off trailing ATR support on the daily chart. The uptrend is over, but the dip here has not followed through, so watch for signs of a recovery above the high moving average:
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