Macro Morning

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By Chris Becker 

Yet another night of second guessing again on overseas markets with stocks putting in scratch sessions while the USD oscillated against many undollar assets with Bitcoin falling, gold rising alongside Euro and Aussie dollar sinking to a new weekly low.

Looking at the action on Asian markets yesterday where the Shanghai Composite closed a few points higher, still remaining above the 2900 point level it broke on Friday, while the Hang Seng Index is off by 0.2% to finish at 26436 points. The daily chart was showing tentative signs of a probable swing play back up to 27000 points but that high moving average needs breaching first:

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