By Chris Becker
Risk sentiment in overnight markets remained cautious, with interest rates falling again, pulling the USD down while lifting gold to another new record high. With no new economic events to go on or news catalysts, it was a relatively dull session!
Looking at yesterday’s action in Asia first, with Chinese share markets almost unchanged as the Shanghai Composite closing 6 points higher to 3008, just above the 3000 point barrier. The Hang Seng Index advanced 0.15% to 28513 points in a very mild move higher as the daily chart shows how price is trying to building last weeks breakout with a lot of upside potential if the recent session highs nearer 28600 are broken:
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