By Chris Becker
Friday night saw Wall Street lose further ground as the Brexit delay deal took over volatility on currency markets, sending the USD down against all the majors, except gold. Oil prices failed to reinforce the previous breakout with a big lift in inventories while renewed focus on the US/China trade war saw Treasuries rally. It looks like a poor start to the week here in Asia with stronger domestic currencies weighing on equities.
Looking at the action on Asian markets on Friday, where the Shanghai Composite failed to make good on the trifecta of releases, closing over 1% lower to 2938 points while the Hang Seng Index failed to stabilise its recent rally, closing 0.5% lower at 26719 points. Resistance at 27000 is now firming despite growing momentum, with price levels to key to playing this market beyond the short term:
