Macro Morning

Advertisement

By Chris Becker 

Brexit is dominating risk markets again, but an upbeat Wall Street – minus Boeing’s effect on the Dow – smoothed over the volatility, with Pound Sterling the only real casualty. The Aussie/Kiwi cross made a new yearly low as the Aussie dollar kept up its advance on USD as the latest CPI print came in slightly lower than expected.

Looking first at the action on the Asian session yesterday, the Hong Kong Hang Seng Index had a great run, up 1.5% to 28919 points, continuing its bounce off trailing ATR support on the daily chart. The next level to beat is the former daily highs above 29000 proper:

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe