By Chris Becker
An unexpectedly lower UK CPI print and continued focus on Hong Kong, combined with all eyes on the Trump impeachment inquiry is seeing risk markets on both sides of the Atlantic wobble as USD becomes mixed against the majors. Gold is making a weak comeback while oil prices are trying to build up again.
Looking at the action on Asian markets yesterday where Chinese stocks were on the back foot, with the Shanghai Composite just holding on above 2900 points, falling 0.3% going into the close. The chaos in Hong Kong is not helping traders there with the Hang Seng Index gapping down and then some, selling off most of the day to be down nearly 2% to 26572 points. Price has completely cast aside trailing ATR support and the previous support/resistance zone that was cleared before this blowoff rally started:
