Macro Morning

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By Chris Becker 

Despite the ongoing clusterf$%k that is Brexit, risk markets are all looking up with oil making a new weekly high while US stocks pushed to a four month high as the USD weakness continues to provide support. Pound Sterling went nuts again, this time on the UK Parliaments rejection of the no-deal deal, while the Australian dollar inched its way closer to the 71 cent level vs USD.

Looking first at the action on the Asian session yesterday, the Hong Kong Hang Seng Index is falling further, down 0.6% to 28752 points, unable to continues its recent bounce off trailing ATR support on the daily chart. The next level to beat is the former daily highs above 29000 proper, but a new daily high is required soon:

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