By Chris Becker
Supposed good news surrounding the US/China trade talks plus an easing in the US Treasury bond rally saw a bid in risk sentiment overnight, with US stocks rallying while European bourses lingered. Gold sharply reversed alongside Pound Sterling as the Brexit stalemate continued.
Looking first at the Asian session yesterday, where Chinese stocks fell both on the mainland and in Hong Kong where the Hang Seng Index barely closed higher, up about 0.1% to 28775 points. Momentum remains in the positive zone as price respects the previous daily lows at the 28500 point level but I’d keep stops tight at trailing daily ATR support:
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