By Chris Becker
US stocks rose overnight while the fortunes for European equities diverged as the FTSE ran higher, the continent trailed as the lower Pound Sterling and the volatile Euro combined with traders waiting for this week’s FOMC meeting put some risk sentiment to rest.
Looking first at the action on the Asian session yesterday, the Hong Kong Hang Seng Index lifted nearly 1.5% higher making good on last week’s breakout above 29000 points, and looking ripe to follow through here on the daily chart. This new monthly high sets up a return to the previous support level in early 2018 at 30000 points:
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